News
RSA on the hook for Genoa ship loss
RSA is on the hull cover for The Jolly Nero, the Messina Line ship that crashed into a port tower in Genoa, Italy last month, Insurance Insight can reveal.
FCA viewed as re-brand exercise by brokers surveyed by UKGI
The Financial Conduct Authority is seen as little more than a re-branding exercise, as opposed to a change in regulatory focus, according to brokers surveyed by compliance consultancy UKGI.
Equity axing 200 jobs in motor focused re-launch
Equity Insurance Group is to cut 200 roles following its acquisition by Jeff Greenberg-led private equity house Aquiline.
Axa leads the way in Brokerbility satisfaction survey
Axa has been rated the highest performing firm among Brokerbility’s seven key insurer partners in the collective broking organisation’s bi-annual satisfaction survey.
Marsh offers D&O on "each single claim" basis
Marsh has launched a new suite of D&O policies, created in conjunction with eight insurers, in response to growing reputation and regulatory risk.
Allianz unveil improved COR for 2013 Q1
Allianz UK has reported that gross written premium in the first quarter of 2013 was up by 7% at £506.6m over same period in 2012 (Q1 2012: £473.6m).
Clements Worldwide launches web-based marketplace for UNFCU members
Solutions provider Clements Worldwide has launched a web-based marketplace designed to deliver insurance protection to all of United Nations Federal Credit Union’s 100 000 members around the world.
Insurers slammed in Irish data protection report
The prosecution of three large insurers for breaking data protection laws feature highly in the 2012 annual report by Irish Data Protection Commissioner, the Irish Independent reported.
Uninsured driver sees rare Lamborghini seized in Richmond
The driver of a rare Lamborghini has seen his high performance vehicle seized after the motorist was found to have no insurance having been caught speeding by police.
Scottish Water pipeline put in doubt after liability agreement failure
Scottish Water has come in for criticism after its failure to secure a standard liability agreement resulted in work on a £2.65m pipeline being abandoned.
Volkswagen signs deal with UK General
Volkswagen Financial Services has signed a deal with UK General Insurance that aims to give VW Group customers free access to approved repairers in the event of an accident.
Hannover Re to reinsure energy savings warranties
Hannover Re has joined with KlimaProtect to develop an energy savings warranty insurance product for industrial enterprises in Germany.
Bluefin fails to recruit Fusion pair
Bluefin chief executive Stuart Reid's bid to recruit Fusion Insurance directors Nick Wright and Stewart Gardiner has collapsed.
Miliband urges industry to stick with Europe
Europe will deliver a competitive advantage for businesses, former foreign minister David Miliband has claimed.
Gallagher Heath unveils restructure
AJ Gallagher has created three new divisions within its Gallagher Heath Insurance Services in a bid to reflect its chosen distribution channels – direct, intermediary and partnerships.
Keelan Westall expansion plans boosted by Gallagher acquisition
Keelan Westall managing director Wayne Tonge is aiming to “triple its income within two years” as it expands its e-trading offering, following the wholesale broker’s acquisition by Arthur J Gallagher a fortnight ago.
Lloyd’s broker Safeonline names new COO
Cyber and technology broker Safeonline has recruited a former consultant and Cooper Gay Swett & Crawford business development boss to serve as partner and chief operating officer.
Biba 2013: Brokers urged to put multinational programmes ‘on the table’
Brokers need to put multinational programmes “on the table” when speaking with clients about their insurance options, according to Stephen Morton, vice president, multinational centre of excellence at AIG.
Cunningham Lindsey relaunches broker claims service
Loss adjuster Cunningham Lindsey has pulled back the curtains on a redesigned claims service for brokers, branded Broker One.
Cyclone Mahasen makes landfall "destroying thousands of homes"
The first tropical cyclone in the Northern Indian Ocean this season, Tropical Cyclone Mahasen, made landfall northwest of Chittagong, Bangladesh, at about 6am UTC on Thursday, May 16.
Mass welcomes the government's ‘reasoned’ approach to whiplash
The Motor Accident Solicitors Society has welcomed the government’s decision to defer the publication of its response to the whiplash consultation until the Transport Select Committee whiplash inquiry finalises.
BibaFever Episode Three: Man Versus Biba – the ultimate conference food challenge
As the British Insurance Brokers’ Association (Biba) conference at the Excel Arena wraps up, Insurance Age and Post have teamed up with LV to bring you the definitive online coverage of the event with the video series #BIBAFever.
Clear gains chartered broker status
Clear Insurance Management has been awarded chartered insurance broker status.
Xchanging appoints acting chief adjuster
Xchanging has announced Smanatha Oliver will fill the role of acting chief adjuster for professional and financial lines when Dennis McEleney departs next month.