News
Simply Business closes in on MBO as Brit CEO Cloutier admits u-turn over broker commitment
Simply Business is close to a deal which will see it separate from Brit Group through a management buyout, Postonline has learnt.
Ecclesiastical promotes Hews to group CEO role
Ecclesiastical has promoted its chief financial officer to the top of the business with immediate effect.
Qatarlyst buyer Ebix wins Ropner tech deal
Independent Lloyd’s broker Ropner Insurance Services has recruited Ebix Europe to work on its electronic accounting, endorsement and settlement capabilities.
L&G enters pet insurance market
Legal and General is to launch pet cover for cats and dogs direct, online and over the phone, as well as through Confused.com.
QBE backs manual handling campaign for construction
QBE has lent its support to an initiative from charity Backcare and manual handling experts Pristine Condition to reduce injuries in the construction industry.
UIB to place SulAmérica property treaty programme
Lloyd's reinsurance broker UIB has won the tender to place the property treaty programme for Brazilian insurer SulAmérica.
Industry and consumers targeted in two-part telematics guide
The Association of British Insurers and the British Insurance Brokers’ Association have teamed up to produce guidance for the industry and consumers on how to get the most out of telematics technology.
Prosight appoints leisure and hospitality underwriters
Prosight has appointed Peter Lodge and Stephen Kiedish as underwriters in the newly formed leisure and hospitality teams.
Bike aggregator boss banned for eight years
Alexis Jon Stone, director of the motor insurance comparison website Bike Insurer Services, has been disqualified for eight years after The Insolvency Service found he had paid himself or his American company ahead of other creditors.
Ageas agrees out of court settlement with ex-Castle Cover shareholders
Ageas has confirmed it has reached an out of court settlement with a number of former senior Castle Cover figures.
Markel records COR boost
Markel Corporation has announced a 9% improvement in its combined operating ratio for the first quarter of 2013.
Cooter targeting brokers in Covéa commercial lines relaunch
Covéa is planning to corner the difficult commercial lines market by winning over brokers through building closer relationships.
Turnover on the rise as Allianz GA rebalances worldwide reach
Allianz Global Assistance has recorded a 9% rise in growth in global turnover last year, exceeding the proclaimed objective of €2.2bn (£1.9bn).
Regulatory uncertainty raises domicile questions
Splitting tax domiciles and regulators could be an enticing prospect for insurance groups looking to avoid the European Union’s Solvency II regulations.
Sime set for Zurich move
RSA sales and strategic relationships director Chris Sime has been named as Zurich’s head of broker market for Scotland.
Surgeons offered complication cover following breast implants scandal
A compulsory scheme providing cosmetic surgeons with complication insurance cover has been earmarked as an important step towards avoiding a repeat of the aftermath of the Poly Implant Prothèse scandal.
89% of young professionals underinsured: L&G
Nine in 10 18-27 year old professionals would be unable to replace their belongings after a fire flood, even where they have insurance, according to L&G.
Planned reductions results in Q1 GWP shrinkage at Novae
Novae Group chief executive Matthew Fosh has described the first three months of the year as “a solid start”, despite seeing his firm’s gross written premium shrink to £184.6m (Q1 2012: £231.1m)
Lords’ EL U-turn brings uncertainty and will lead to satellite litigation
Insurers have been warned they may face increased indemnity spend for employers’ liability claims, as legislation passed by the House of Lords last week in the form of the Enterprise & Regulatory Reform Act 2012 will require time-consuming and costly…
BVI sees captive flight
The British Virgin Islands has seen its popularity as a captive destination decline over the last few years, according to a report by research firm Timetric.
DLG domestic panel loss review axes GAB Robins
GAB Robins has become the first adjuster to confirm it has been impacted by a long awaited panel review by Direct Line Group, losing its position on the personal property panel.
Crawford making redundancies after Ecclesiastical, LBG panel cuts
Crawford & Company has revealed that it expects to make a number of staff redundant after the most recent round of panel reviews.
Simplyhealth targets SME market with PMI product
Simplyhealth is targeting small to medium sized businesses with a new private medical insurance proposition.
Man City starlet faces £1m insurance bill over death crash
A Manchester City youngster jailed for causing the death of a brother and sister in a night time crash could face an insurance bill of more than £1m.