News
Hiscox tops poll
Hiscox has been ranked as the best performing insurance brand according to the Reputation Institute's UK Pulse Report 2010, which measures corporate reputation among the general public.
Two aggregators relist Quinn as ban is relaxed
Confused and Compare the Market have allowed Quinn back onto their panels after the Financial Regulator gave Quinn Group the green light to write motor insurance cover for provisional driving licence holders in the UK.
Ex-Hero boss plans start-up
Ian Meyer, a director at Capita Insurance Distribution, is poised to leave the firm to set up his own brokerage, Post has learnt.
Axa targets £150m with mid-corporate launch
Axa Insurance is targeting £150m in new business by the end of 2012, after launching its mid-corporate offering to market.
UK market facing £600m hole with no Quinn
As much as £600m of high-risk motor business could return to the market if Quinn Insurance is not allowed to fully re-enter the UK, according to research by Consumer Intelligence.
BWS and Oxygen launch London market broker
Brokerage World Solutions and Oxygen have joined forces to launch a new London market intermediary.
Aviva sticks with broker campaign
Aviva is to run further press and radio advertisements advising businesses to seek help and advice through a broker when buying their business insurance.
Fortis affinity boss Carter to lead Tesco Underwriting
Fortis and Tesco Bank have unveiled the structure of their general insurance partnership.
Chartis UK profit falls £241m
Chartis UK full year results for 2009 show the insurer has posted a reduced profit before tax of £83m, down from 2008’s result (excluding restructure) of £324.3m.
FSA to end cashless financial reinsurance use as Tier 1 capital
The FSA has responded to the recent trend for UK insurers to strengthen their capital base using cashless financial reinsurance (CFR) - a transaction with no upfront cost - by proposing it should no longer count as Tier 1 capital by October 2010,…
Quinn customers and suppliers set to stage lorry demonstration
A demonstration of 300 lorries representing 170 companies will take place tomorrow on behalf of customers and suppliers of the Quinn Group and Quinn Insurance.
Delta Lloyd unveils board changes
Michiel Delfos has been appointed as the successor of Nathalie de Geus with effect from 15 May 2010.
FSA to consult on FSCS changes
The Financial Services Authority has today issued a consultation paper that includes proposed Handbook changes in relation to financial stability and market confidence.
Delta Lloyd unveils board changes
Michiel Delfos has been appointed as the successor of Nathalie de Geus with effect from 15 May 2010.
No material impact on insurance sector from Icelandic volcano – Moody’s
The Eyjafjallajökull volcano in Iceland erupted causing a significant disruption for those individuals and businesses reliant on air travel, however, the extent to which the insurance industry will cover losses incurred from this disruption is expected…
Talbot appoints new board member
Peter Bilsby has been named head of underwriting management and head of reinsurance purchasing at Talbot, an insurance subsidiary of Validus, and appointed to the board.
Marsh reshapes national corporate team
Following completion of its acquisition of HSBC Insurance Brokers on 1 April, Marsh is adding to its UK national corporate leadership team.
FSCS to help consumers claim up to £50 000 in compensation
The Financial Services Compensation Scheme has declared in default that consumers could claim up to £50 000 if they have lost money as a result of their dealings with any investment firms.
Lockton launches insurance for "medical tourism"
Lockton Singapore Pte Ltd has launched an insurance product to cover the cost of medical complications for medical travellers receiving surgery abroad.
‘Toxic sofa’ victims to receive £20m pay out
The High Court has ordered three furniture retailers to pay £20m to customers who received serious burns from sofas manufactured in China in what is thought to be the largest group litigation in UK legal history.
Co-operative Insurance calls for ELIB
David Neave, director of general insurance at Co-operative Financial Services, has called on the insurance industry to fund an Employers’ Liability Insurance Bureau.
Aerospace insurance costs continues steady descent
Reduction in exposure to risks throughout the aerospace sector means insurance costs are falling and further reductions are likely this year, according to Aon's Aerospace Insurance Market Outlook 2010.
Lancashire enters $200m credit facility
Lancashire Insurance Company has entered into a $200m bi-lateral two year letter of credit facility with Lloyds TSB Bank.
Senators near agreement on financial regulation
Senators negotiating financial regulatory reform legislation said on Sunday they were close to a bipartisan agreement, according to newswire Reuters.