News
Insurers launch appeal against pleural plaques judgement
Norwich Union and Zurich have lodged an appeal against the pleural plaques judgement made last month...
Chain reaction
Loss assessors are often left out of the claims process, with each link in the chain pulling against each other. Chris Ray argues this helps no one, least of all the consumer
What the papers said this week
- Vincent Cable, the Liberal Democrats' Shadow Chancellor, has written to the Advertising Standards ...
Appointment at Freeclaim-IDC
Ashington-based litigation funder Freeclaim-IDC has appointed solicitor Louise Gudgin to head up its...
Insure-com overhauls four divisions for growth
Insure-com has announced details of an expansion initiative, following a recent management changeove...
Insurers consider fraud case
Insurers Zurich and Royal and Sun Alliance are thought to be considering pursuing a fraud case throu...
Galbraith vows to defend
British Insurance Brokers' Association chief executive Eric Galbraith has vowed to defend the indust...
Budget 2005: ABI response
Peter Vipond, Association of British Insurers' director of financial regulation and taxation said: “The Government is right to freeze Insurance Premium Tax. This is entirely justified by the fact that the Government took £2.4bn for the current tax year,…
Willis could become the "dominant player" claims ex Marsh employee
Willis today claimed it had made a significant move in strengthening its presence in Scotland with the appointmnet of a duo from rival Marsh.
Budget 2005: reserve tax - demutualisation of insurance companies
Stamp duty reserve tax: demutualisation of insurance companies
Budget 2005: Lloyd's regulation amendment announced
The Chancellor today announced an ammendment to the powers for making regulations relating to Lloyd’s. The measure will aply to regulations made after the passing of the 2005 Finance Bill.
Budget 2005: IPT tax frozen
Chancellor Gordon Brown today announced a freeze on insurance premium tax in the Bugdet.
Cox bid consortium bid leader Utley claims it will retain staff
Former Cox CEO Neil Utley, who is leading the bid to buy Cox, has set out his provisionla plan for the company if a deal is completed.
Cox reaches agreement which may lead to potential sale
Lloyd’s motor insurance specialist Cox today announced that it has reached provisional agreement with Duke Street Capital V Limited, Englefield Capital LLP and former CEO Neil Utley to buy the company. The deal would value each Cox share at 94p, with…
Package launch targets farmers
Broker La Playa has launched a farms and estates division to integrate insurance with risk management.
Moody’s revises AIG outlook
Moody's Investors Service has revised the outlook on the long-term debt ratings (Aaa, senior) of American International Group to negative from stable.
ABI announces updated uninsured driving targets
Proposals for speedier updating of information onto the Motor Insurance Database were announced today by the Association of British Insurers.
Marsh backs Spitzer investigations
Marsh and McLennan chief executive Michael Cherkasky today insisted New York Attorney general Eliot Spitzer was justified in his investigations into the broker.
Greenberg departure confirmed by AIG
AIG has announced that Maurice “Hank” Greenberg has been replaced as the chief executive of the group.
Munich Re posts healthy profit
Munich Re has announced a return to profit for 2004, with all business segments contributing to the greatly improved result of €1.8bn, up on the loss of €434m it made in 2003.
Oxygen appoints two agency teams
Oxygen, the London market insurance intermediary company, has announced the appointment of two new teams specialising in contingency and accident & health, sports and travel business to its agency operation, Oxygen Insurance Managers.
Beazley profits up, but combined ratio suffers
Beazley Group has announced profits increased inn 2004 to £33.4m from £17.1m in 2003.
Galbraith defends EU investigation slur
The British Insurance Brokers' Association Chief Executive, Eric Galbraith, is set to defend the industry during any future EU investigations that occur.
Lloyd's Central Fund arbitration: Settlement announced
Lloyd’s has reached a settlement agreement with the insurers involved with the arbitration proceedings relating to an insurance policy supporting its new Central Fund. The settlement amount is £152m, which includes amounts previously paid.