News
ABI welcomes Biba to flood working group
The Association of British Insurers has welcomed the prospect of working with the British Insurance Brokers' Association to deal with major flood events.
Brokers still slow over electronic commercial trading
The vast majority of brokers think premiums placed electronically should be no larger than £5000, although 7% feel premiums of any size could be underwritten electronically.
Towergate smooths IPO path with debt restructure
Towergate has enlisted investment bank JP Morgan to advise it on a debt restructure that will extend the length of time it has to repay monies owed by swapping bank debt and preferred shares for a stake in a new subsidiary.
Jelf appoints Barton as chief executive
Phil Barton, commercial director of Jelf Group, has been promoted to the newly created role of chief executive of the group's insurance business.
Dalton to take on Jacobs' role at ABI
The Association of British Insurers has confirmed the appointment of Justin Jacobs' successor as head of property, motor & liability.
McLarnon handed new role in Cunningham expansion
Cunningham Lindsey has appointed Paul McLarnon as its first corporate development director to spearhead its expansion in this space.
Kwik Fit's Meechan joins Tesco
Kwik Fit Financial Services insurance development director Gerry Meechan is set to join Tesco as part of its new general insurance structure, Post has learnt.
Reborn takaful firm eyes commercial move
Shariah compliant insurer Salaam Halal has vowed to write commercial business in the UK on its re-entry to the market, following parent group Principle Insurance's acquisition by the Kuwait-based Al-Salam Group.
BI specialists urge policy clarifications
Business interruption specialists have urged insurers to clarify their policies following the publication of a Chartered Institute of Loss Adjuster BI wording review.
Prime Professions to replace Quinn on solicitors account
Prime Professions is poised to replace Quinn with another insurer for its UK solicitors account, with Zurich and Travelers as frontrunners, Post has learnt.
SSP reveals profits rise
Technology firm SSP has revealed that its profit had risen 5% to £17m on revenues of £75m (up 2%) for the 12 months ended 31 March 2010.
Regulator waits on UK plan
Quinn Insurance's administrators are to spend at least a week on actuarial analysis of the UK commercial lines market before submitting plans to the Financial Regulator about it re-entering further selected lines.
Endsleigh and Lloyds TSB to take volcano claims hit
Endsleigh and Lloyds Banking Group have agreed to compensate customers for certain volcanic ash travel claims following the decision by their underwriter, Axa, not to pay out most claims.
Aviva names first corporate risk clients
Aviva has named Streetcar and Marie Curie Cancer Care among its early client wins, as part of its renewed push in the corporate risk sector.