News
Guernsey set to see growth in captives
The number of captives domiciled in Guernsey is expected to increase significantly as the implications of compliance with Solvency II become better understood according to Aon.
Sacked Quinn boss eyes return
A former Quinn Insurance manager is trying to get his job back following his sacking after allegedly accepting a bribe of a bottle of wine, according to the Irish Independent.
Rush for next appointment increases corporate manslaughter threat
Businesses placing undue pressure on their staff are exposing themselves to risk of significant fines from a corporate manslaughter prosecution, according to a legal expert.
Sterling marks the royal wedding with free insurance
To celebrate the royal wedding on April 29, Sterling Insurance will be providing free wedding insurance protection which will include cancellation cover of up to £20,000 and re-arrangement cover of £15,000. In addition, cake and flowers are covered for…
Amtrust provides Composite with new binding authority arrangement
Composite Legal Expenses is to combine elements of its before-the-event, after-the-event and assistance capacity requirements and consolidate them with Amtrust Europe.
Is insurer collaboration on non-fault claims the answer to referral fees debate?
Motor insurers who handle non-fault claims collectively can remove frictional costs including referral fees from the claims process, according to experts.
Ferma raises concerns over capacity for 2014 World Cup
The Federation of European Risk Management Associations has welcomed as "a good first step" the response of the Brazilian government to complaints and concerns from corporate insurance buyers and national and international reinsurance markets about…
S&P: Provident rating may improve by two notches after Covea deal
Standard & Poor's has placed its 'BB+' long-term counterparty credit and insurer financial strength ratings on Provident Insurance on CreditWatch with positive implications.
ECIS forms affinity partnership with Select
Electrical Contractors’ Insurance Services (ECIS) has formed an affinity partnership with the Electrical Contractors Association of Scotlans (Select).
Amtrust provides Composite with new binding authority arrangement
Composite Legal Expenses is to combine elements of its before-the-event, after-the-event and assistance capacity requirements and consolidate them with Amtrust Europe.
Aon Benfield enters partnership to boost typhoon research
Aon Benfield has entered into a strategic partnership with Shanghai Typhoon Institute of China Meteorological Administration to boost typhoon research in China and deliver relevant research to the insurance industry.
Ferma raises concerns over capacity for 2014 World Cup
The Federation of European Risk Management Associations has welcomed as "a good first step" the response of the Brazilian government to complaints and concerns from corporate insurance buyers and national and international reinsurance markets about…
S&P: Provident rating may improve by two notches after Covea deal
Standard & Poor's has placed its 'BB+' long-term counterparty credit and insurer financial strength ratings on Provident Insurance on CreditWatch with positive implications.
Editor's comment: The only way is up
Amanda Blanc's radical restructure of Axa's commercial lines business is undoubtedly a bold one. Not only does it leave more than 100 head office staff staring down the barrel of redundancy but her self-imposed deadline to devolve power to regional pens…
Insurers need to hit the street to fight fraud
Insurance companies are not carrying out enough street-level enquiries during their investigations into fraud, Brownsword Group director Roger Bescoby has claimed.
Arista bid to double GWP
Arista Insurance is to target cross-selling opportunities in a bid to double its gross written premium to between £120m and £150m by 2014.
CSR & career development: Barbon offers manager training in devolution bid
Barbon Insurance Group has launched a training programme for its heads of business, in a bid to boost its strategy of encouraging its eight divisions to run independently.
Cotswold buy opens doors for G4S in UK fraud market
International security firm G4S Secure Solutions has branched into insurance fraud surveillance and investigation for the first time in the UK, with the acquisition of The Cotswold Group.
OFT investigates Google's acquisition of Beat That Quote
An Office of Fair Trading inquiry into Google's acquisition of aggregator Beat That Quote will provide the firm's competitors with a chance to respond to market fears over the deal.
Greenwoods targets £20m turnover in 2011
Insurance law firm Greenwoods Solicitors has targeted £20m turnover during 2011 and a "steady expansion" of its client base.
500 to join Ageas in dedicated Tesco centre
Ageas is set to employ 500 staff in its dedicated claims handling office in Newcastle for its Tesco Underwriting venture within the next five years.
Solvency II drives Aviva restructure
Aviva is set to merge its 12 UK general insurance companies into one main UKGI insurance operation to comply with Solvency II.
CSR & career development: Mutual National Friendly named 'one to watch'
National Friendly has been listed as 'one to watch' in the Best Companies accreditation.
Travelers targets UK PL market for expansion
Travelers is eyeing expansion opportunities in the UK personal lines market, according to the newly appointed chief executive of its European operation.