News
Express secures KTM’s first cover deal
Express Insurance has clinched the first ever insurance tie-up by Austrian motorcycle manufacturer KTM and will run a subsidised policy underwritten by Groupama for new bikers.
ABI Motor 2011: Number plate eye test “not fit for purpose”
Speaking on how we can improve the way young people learn to drive and improve road safety generally at the Association of British Insurers Motor Conference, Jon Sellors, group head of thought leadership at RSA, said that an important but overlooked…
Aviva appoints new Ireland CEO to oversee structural overhaul
Aviva has appointed Seán Egan to the role of chief executive officer, Aviva Ireland, subject to regulatory and board approval.
Junction names e-commerce and marketing director
Affinity specialist Junction has appointed Vincent Chaney as e-commerce and marketing director.
Eurozone turbulence threatens insurers’ balance sheets
Ongoing market turbulence within the region and recessionary pressures threaten to undermine the strength of eurozone insurers’ balance sheets, according to a report by AM Best.
Aviva replaces Irish CEO as UK merger gathers momentum
Aviva Ireland has today revealed that chief executive Dermot Browne will leave the insurer at the end of the year, to be replaced by former transformation director Seán Egan.
ABI Motor 2011: Government “out of touch” with seriousness of referral fee problem
In the absence of Mike Penning, parliamentary under-secretary of state for transport, John Woodcock MP, shadow minister for transport, suggested that there should be criminal prosecution for the worst offenders of referral fees.
Lloyd's to scrap 60 jobs in efficiency drive
Lloyd’s is axing 60 jobs in a bid to reduce its budget by £17m next year.
Zurich scores hat trick at risk management awards
Zurich took three accolades at this year’s Risk Management Awards.
BSIA calls on insurers for support in fight against theft
The British Security Industry Association is calling on insurers to back the fight against rising levels of heavy machinery theft, following two recent incidents in Kent where criminals used mini diggers to rip out ATM machines.
ABI Motor 2011: Telematics is the biggest challenge facing aggregators
Speaking at the Association of British Insurers Motor Conference on what the future face of distribution looks like, Tom Cooper, pictured, executive director at Igo4, said that within 15 years we could have a market where everyone is rated on a…
Softer capital charges for bonds positive for European insurers
European Commission proposals to lower capital charges for longer-dated unsecured corporate and financial institution bonds should mitigate the capital flight from these asset classes that is a likely side-effect of Solvency II, says to Fitch Ratings.
Hungarian insurance market down by 2% in Q3 2011
Total underwritings' volume of the Hungarian insurance market stood at HUF 623.4b (E2.1b), 2.2% less than in Q3 2010 by the end of September 2011.
Escape of water claims hit £2m daily
According to Cadogan Keelan Westall a quarter of claims made on flats are for damage caused by escape of water.
Swiss Re announces delisting of outstanding shares
Swiss Re has announced the delisting and squeeze out of outstanding shares in Swiss Reinsurance Company Ltd.
Ecclesiastical scoops risk management award for metal theft work
Ecclesiastical has been rewarded for its work combatting metal theft at the Risk Management Awards.
IUA director replaces Hurst-Bannister as LMG chairman
Stephen Riley, executive director of Global Aerospace and chairman of the International Underwriting Association, is to become chairman of the London Market Group.
ABI Motor 2011: Insurers sign up to tyre scheme
Major motor insurers Axa, Aviva, Direct Line and RSA are among more than 50 companies that have agreed not to charge an additional premium to policyholders fitting winter tyres.
ABI Motor 2011: Thoresen outlines five key priorities
Otto Thoresen, ABI director general has outlined the tough measures that form part of its strategy to deliver a better motor insurance deal to customers.
Catlin and China Re deal predicted to be catalyst for Lloyd’s investment
The “landmark” strategic partnership between Catlin and China Re is expected to be a catalyst for a boom in Lloyd’s investment from insurers in emerging economies.
Homeserve set to lose 5% of customers
Homeserve, the home repair business hit by a mis-selling scandal, has warned customer numbers will fall by 5% as a result of its telephone selling problems - costing it £15m.
Miles Smith expands with two buys
Lloyd’s broker Miles Smith has bought wholesaler motor fleet specialist Parker Norfolk and the UK operations of RL Davison.
Keelan Westall grows business by 45%
Broker Keelan Westall has announced that new business income has risen by more than 45% in the past year, with the number of quotations reaching record breaking levels in the past two months alone.
ABI Motor 2011: “Tough love” proposals to cut young driver accidents
The Association of British Insurers has set out radical proposals to cut the high level of deaths and serious injuries involving young drivers.