News
Allianz to underwrite Sainsbury’s Bank pet insurance
Allianz has partnered with Sainsbury’s Bank to provide the bank’s pet insurance products.
Besso pre-tax profits climb 52%
Lloyd’s broker Besso has seen its pre-tax profits climb 52% in the year ending 31 December 2012.
Storm surge cat bond issued for New York MTA
The first ever catastrophe bond for storm surge has been issued for the New York Metropolitan Transportation Authority, based on modelling from RMS.
RMS delivers risk analysis for storm surge catastrophe bond
Catastrophe modelling firm RMS has delivered risk analysis for a storm surge catastrophe bond to provide the New York Metropolitan Transportation Authority with $200m (£132m) storm surge protection.
Andy Briscoe appointed chairman of Money Advice Service
Andy Briscoe, chairman of general insurance intermediary The Policy Shop, has been appointed chair of the Money Advice Service.
Direct Line cost drive 'crucial' as premiums drop
The latest AA index shows competition is intensifying and makes Direct Line's cost efficient drive 'crucial' according to Westhouse analyst Joanna Parsons.
XL appoints David Guest in crisis role
XL has appointed David Guest as underwriting manager, crisis management, Asia.
Natural disasters increase demand for property insurance in Kazakhstan
Kazakhstan’s plans to develop compulsory natural disaster insurance policies will stimulate the growth of the insurance industry until 2017.
RAC signs five-year deal with The Warranty Group
RAC has signed a five-year deal with The Warranty Group, which will see the firm continue to operate the RAC brand in the motor warranties sector.
Generali net profit hits €1.08bn after strong P&C performance
Italian insurer Generali recorded a 28% rise in first half net profit to €1.08bn as the firm continued its restructuring programme.
Generali net profit hits €1.08bn after strong P&C performance
Generali recorded a 28% rise in first half net profit to €1.08bn following its restructuring programme.
Whiplash claims doctor found unfit to practice
The Yorkshire doctor accused of assisting motorists in making bogus whiplash claims has been found unfit to practice by a medical disciplinary panel.
Brit posts improved COR of 86%
Brit Insurance has reported a combined operating ratio of 86% for the first half of 2013 – an improvement from 92.8% in 2012.
RSA posts 24% rise in H1 profit
RSA booked profit before tax of £250m for the first half of 2013, a 14% increase on the same period in 2012, while post tax profit was up 24% at £190m.
RSA grows premiums 20% in Asia
RSA grew its Asian premiums by 20% in the first half of 2013 compared to the same period last year.
Philippines considers mandatory earthquake cover
Lawmakers in the Philippines are considering a bill to recommend mandatory earthquake insurance.
Axa partners with SingPost
Axa has entered into a partnership with SingaporePost to sell life insurance products in Singapore from January 2015.
SGI Legal gains ABS licence
Liverpool-based personal injury firm SGI Legal has been granted an alternative-business-structure licence, as part of its plan to reshape operations.
Fraud unit defends insurers following whiplash report
Hill Dickinson Fraud Unit has defended insurers following the publication of the Transport Select Committee’s whiplash report saying it is unfair to criticise them for paying potentially fraudulent claims due to a lack of medical evidence.
Coverbox claims pay-as-you-drive user first
Coverbox Drive Style customers are the first drivers in the UK to able to find out the cost of their car insurance as it happens, the company claimed today.
DWF calls for single ministerial lead to help tackle fraud
Law firm DWF has called for the appointment of a single ministerial lead within the government to help co-ordinate a holistic response to motor fraud.
Home Secretary mandates private investigators licence
Home Secretary Theresa May has vowed to outlaw unlicensed private investigators following allegations that rogue private investigators have been operating in the commercial arena for years.
Insurers welcome TSC report but rue small claims decision
LV managing director John O’Roarke has described the Transport Select Committee’s decision not to recommend extending the small claims court limit as “disappointing”.
One Answer Brokerdrive appoints Tony Proverbs to board
Tony Proverbs has been appointed non-executive director of One Answer Brokerdrive.