News
PHP on acquistion spree
The Private Health Partnership, part of Skipton Building Society group, has completed a hat trick of acquisitions in two months by acquiring Surrey based Select Healthcare Independent Medical Benefits Consultants (Select Healthcare) for an undisclosed…
Pick of the Week
Anthony Gould, editor in chief.Post provides a run down of the major news this week including the lat...
OFT- refers the PPI market to the Competition Commission
The OFT has referred the UK payment protection insurance (PPI) market to the Competition Commission (CC) for further investigation. This decision comes after a period of public consultation following the OFT's earlier proposal to refer the PPI market to…
ABI – Unveils line up for its 2007 National Conference
The Association of British Insurers (ABI) has announced plans for its forthcoming national conference, which will take place at the QEII Conference Centre in Westminster on Thursday 10 May.
ABI - Comments on last weeks Business Plan 2007/08 by the FSA
Commenting on publication last week of the FSA’s Business Plan for 2007/8, Stephen Haddrill, Director General of the ABI (Association of British Insurers) said:
FSA – Business plan for 2007/08 focuses on more principles based regulation
The Financial Services Authority (FSA) last week published its Business Plan for 2007/8 which sets out its priorities for the coming year. The plan focuses on the organisation's move towards more principles-based regulation (MPBR).
BCWA research alleges failure to match PMI expectations
Private medical insurance companies that do not arrange medical treatment on behalf of their members are failing to meet public expectation, according to research revealed today.
QBE in new link up
QBE has announced a sponsorship with rugby premiership champions, Sale Sharks.
Ironshore gets A- start-up rating from AM Best
AM Best has assigned a financial strength rating of A- to Bob Clements’ latest Bermudian start-up insurance company Ironshore Insurance Ltd.. The outlook for the rating is stable.
FSA – Business plan for 2007/08 focuses on more principles based regulation
The Financial Services Authority (FSA) last week published its Business Plan for 2007/8 which sets out its priorities for the coming year. The plan focuses on the organisation's move towards more principles-based regulation (MPBR).
Cunningham Lindsey appoints valuation services manager
Cunningham Lindsey has appointed Sean Durden as valuation services manager with effect from 29 January 2007.
Hiscox acquires Dutch art insurer
Hiscox has acquired the renewal rights of Eriks Assuradeuren, a Dutch insurer specialising in commercial fine art.
Swiftcover joins Only Insurance panel
Only Insurance is in talks with a number of direct underwriters in a strategic bid to attract as many writers as possible onto its panel for the group’s home, motor and travel cover offering.
Industry awaits judgement in deafness claims
Insurers Zurich, Norwich Union and QBE will see judgement handed down tomorrow in the seven industrial deafness test claims heard at Nottingham Crown court late last year.
Equity points to discounts for motorcycle safety
A newly launched Driving Standards Agency register of post-test-motorcycle trainers will lead to discount incentives for riders keen to improve their skills, according to Equity Red Star.
Safeguard moves into caravan cover
Safeguard - the motorhome insurance division of the Swinton Group - is to move into the caravan insurance market with a comprehensive caravan cover policy.
Beazley offers management liability policy for non-profit organizations
A leading insurer of specialty lines, has launched a management liability policy for non-profit organizations that includes an optional extension for event cancellation.
First Assist founder Ablett returns in new role
Tim Ablett, former chief executive of FirstAssist, has been appointed by leading financial services consultancy, Project Consulting Partners, as a consultant specialising in the general insurance sector.
Claimant lawyer RJW planning post-Clementi overhaul
Russell Jones & Walker is set to become the first law firm to take advantage of the legal reforms recommended by Sir David Clementi, with a radical overhaul of its entire business structure.
JLT expands into eastern Europe following associate deal
Jardine Lloyd Thompson has announced a deal under which SIACI, its 32% owned French associate, will combine with Assurances et Conseils Saint-Honoré, the Paris-based employee benefit services provider and specialist insurance broker.
Nymex names date for Gallagher Re Cat futures launch
The New York Mercantile Exchange (Nymex) has announced that it will list the three new catastrophe risk index futures contracts, were announced by Gallagher Re in December 2006, on its electronic platform for trade on March 5.
Supercomputer prepares (re)insurers for climate change
One of the world’s largest supercomputers is helping insurers understand natural catastrophes in the face of climate change.
Argyll appoints key account exec
South East Broker, Argyll Insurance Services has hired Robert Alner from Nsure as an account executive. Mr Alner will be responsible for the management of a variety of Argyll’s key accounts as well as focussing upon business development.
Call for doctors audit says Bupa
Three quarters of consultants expect health insurers to take some responsibility for measuring and monitoring the effectiveness of specialists, according to research published today.