News
PE-backed firm targets GI with ex-Rias head
Online financial services sales and marketing firm Media Ingenuity is in discussion with insurers to support a push into the general insurance personal lines space. It follows the recruitment of the former head of commercial management at Rias and head…
Auto Restore unveils mobile repair offering
Car repair firm Auto Restore has claimed its new direct mobile repair offering targeted at consumers has the support of two of its key insurer partners — Allianz and Aviva.
Insurers in the dark over E-coli outbreak
A Lockton broker has warned insurers remain in the dark over their exposure to a widespread E-coli outbreak that has killed at least 22 people and left hundreds seriously ill.
Blanc recruits Burns from Paymentshield
Ross Burns has joined Axa Commercial Lines as IT director from Paymentshield.
Law report: Losses claimed must be included in detail from the start
This law report has been contributed by national law firm Berrymans Lace Mawer.
Syndicates take legal action against Jackson promoters
Talbot Underwriting, Cathedral and EBI have taken legal action against AEG Live, the promoters of Michael Jackson's This Is It tour, as the Lloyd's syndicates upped the ante in repudiating a multi-million-pound claim.
Airmic 2011: Risk blindness threat to company stability
Company boards' tendency to develop "risk blindness" in the pursuit of reward and opportunity can bring down otherwise successful entities overnight, according to new research by Cass Business School. The first findings of a two-stage study have…
Airmic 2011: Best practice guide to global compliance
Insurance buyers can now benefit from best practice advice to prevent them falling foul of the "labyrinth" of global insurance compliance rules. The guide, published this week, sets out key questions with which to road-test insurance programmes and help…
Contractors' exit for Paladin after 18 months
Montpelier-owned Paladin Underwriting Agency has exited its specialist contractors' account 18 months after its inception, Post has learnt.
Law report: Dismissal due to dishonesty by doctor was right decision
This law report has been contributed by national law firm Berrymans Lace Mawer.
Insurers in line for a £4.8bn windfall from referral fees
Motor insurers stand to pocket billions in extra income a year if a recommendation to retain referral fees is acted on, a leading personal injury lawyer has claimed.
Solvency II: Evaluating structured products 'difficult'
Structured products are the most difficult assets to evaluate, according to BNP Parabis Cardif's head of analysis, research and development, Jean Christophe Barou.
Solvency II: FSA: eight out of 10 insurers have weaknesses over SII
The Financial Services Authority remains concerned that firms are spending too much time focusing on Pillar I of the Solvency II regulations and not enough time on Pillars II and III.
Solvency II: FSA: smaller firms must address all pillars of Solvency II
Small firms have been urged to make sure they address Pillars II and Pillars III of Solvency II.
Westinsure reveals SME insurer deals
Broker network Westinsure has secured a range of SME deals with insurers for members that currently transact more than £100m of business in the sector. The new deals are designed primarily to cover package and small combined products and offer a…
Go Compare to study FSA recommendations
Go Compare has backed the Financial Services Authority's latest set of guidelines for aggregators.
Oamps sets sights on UK expansion
Oamps has confirmed its acquisition of the book of the life science and associated business from Giles Insurance Brokers as part of a strategy to grow its UK business through the acquisition of new teams.
Biba backs regulator's guidance for aggregators
The British Insurance Brokers' Association has welcomed the Financial Services Authority proposed guidance for comparison websites, which it said has addressed its own concerns about consumer detriment.
FSA sends warning shot to aggregators
The Financial Services Authority has urged aggregators to “think carefully” about whether they are introducing, arranging or advising customers and to reflect that with a change in permissions if necessary.
LV expands Ipswich operation
LV is creating 50 new jobs as it expands its current operation in Ipswich which deals with car insurance queries.
Howden names new chair with IPO experience
Howden's UK subsidiary, Howden Insurance Brokers has appointed Lorraine Adlam as chairman.
Insurers in line for a £4.8bn windfall from referral fees - Insurance News Now – 9 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including how motor insurers could pocket billions in extra income a year if a recommendation to retain referral fees is acted on.
Airmic 2011: Firms underestimate true cost of major claims
A lack of understanding surrounding the range of uninsured costs and management time wasted means the true financial cost of major property claims are underestimated, says Heath Lambert.
Insurers in line for a £4.8bn windfall from referral fees - Insurance News Now – 9 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including how motor insurers could pocket billions in extra income a year if a recommendation to retain referral fees is acted on.