News
Freight forwarding firms given regulatory reprieve
The Economic Secretary to the Treasury, Ed Balls, today announced that freight forwarders will be removed from the scope of Financial Services Authority insurance regulation, in a move that will decrease regulation on the industry and help promote its…
Report predicts industrialisation of insurance industry
Large European insurance companies are widely embracing industrial operating models in order to cut costs and improve customer service, according to an Accenture survey of senior executives at 30 of the top 100 insurers in Europe.
Pinnacle exec moves to Sterling
Sterling Insurance has appointed Phil Carr as senior development manager.
Groupama promotes Harris
Groupama Insurances promoted Lynn Harris to the role of head of customer proposition. Ms Harris moves up from her previous position as proposition development manager. She will continue to be based at Groupama’s City head office and will report to…
ABI guidance will improve online and telephone protection insurance applications
The Association of British Insurers (ABI) is taking further steps to help customers of life, critical illness and income protection insurance by putting forward proposals for consultation on new guidance to make applications over the telephone and…
FSA speech - In search of efficient, orderly and fair markets
In a recent speech to the Insurance Institute of London, John Tiner, chief executive, Financial Services Authourity (FSA), recognised the efforts of the market to raise standards, which in turn will help to ensure that London will remain the platform of…
BBC staff warned of potential asbestos exposure
Current and former BBC employees and freelance staff have been warned that they may have been exposed to asbestos when working in three studios at Television Centre between 1990 and 2005.
Wellington to grow marine team
Wellington Underwriting Agencies has today announced the expansion of the Marine reinsurance underwriting team of Syndicate 2020.
Moody’s rates Russian Munich Re subsidiary
Moody's Investors Service has announced that it had assigned a first-time insurance financial strength rating of A2 to Munich Re Life E.E.C.A. (MRL), headquartered in Moscow, Russia. The rating applies to both domestic and foreign currency obligations.
Senior resignations to hit profits at Benfield
Reinsurance broker Benfield has admitted recent senior departures from its facultative solutions team will have an impact on the 2006 full year results of the group.
Marsh turned down Willis bid - reports
Willis made an informal offer to buy rival broker Marsh, but was turned down, according to a newspaper report.
FSA urges firms to act now to help themselves
The Financial Services Authority (FSA) has urged firms to take advantage of the opportunity to save themselves time and effort when preparing for regulatory changes.
DAS secures BT contract
DAS Legal Expenses is to provide legal protection insurance to British Telecoms employees following its successful tender.
FSA speech - Rising to the Challenge
In a recent speech by Sarah Wilson, director, responsible for the Insurance sector, the speaker outlined the Financial Service Authority's (FSA) view on the challenges facing the general insurance sector and the FSA in getting to grips with the new…
FSA speech - In search of efficient, orderly and fair markets
In a recent speech to the Insurance Institute of London, John Tiner, chief executive, Financial Services Authority (FSA), recognised the efforts of the market to raise standards, which in turn will help to ensure that London will remain the platform of…
Axa to launch new TV ad campaign
Axa has announced today a new integrated brand campaign which builds upon its Axa Plan style of advertising.
Equity recruits new claims boss
Equity Insurance has appointed Phil Anderson as its new claims managing director. He will also take up a position in the group's executive committee.
Law Society presents small claim proposals
The Law Society has published Fast and Fair, its proposals for lower value personal injury claims which it it believes would avoid the need to increase the small claims limit.
Highway and Claimwatch launch repair tracking service
Motor insurer Highway has teamed up with ClaimWatch to launch a joint-branded online vehicle repair tracking service. Highway ClaimWatch allows customers to track the status of their repair online and it will also advise if the vehicle is a total loss.
Western Re opens Chicago office
Californian cat specialist managing agent Western Re/Managers Insurance Services has opened a Chicago branch office in an expansion of its Los Angeles-based specialty underwriting operations.
Chinese growth heightens earthquake risk
Rapid urbanisation and building construction have increased the exposure of people and property to earthquake threat in China resulting in an urgent need to evaluate hazard and vulnerability and to build a comprehensive picture of seismic risk across the…
Broker elected to Cardiff commerce post
Insurance industry marketing specialist, Paul Gardner, has been elected the 112th President of the Chamber of Commerce in Cardiff.
Capita legal head defects to DAS
Solicitor Kathryn Mortimer has joined the senior management team of DAS Legal Expenses as head of legal services.
DCA decision on insurance regulation
Mark Boleat, head of claims management regulation, Department of Constitutional Affairs has confirmed that insurance companies will not be regulated by the new regulatory body. Mr Boleat, speaking at the Post Magazine Claims Club conference today, had…