News
Lockton and German broker Funk unveil new tie up
Independent insurance brokers, Lockton and Germany-based Funk Group, today announced that they will expand their risk management service alliance.
Axa: homeowners in flood risk areas are underpaying for insurance by 58%
Household insurance for homes in high flood risk regions is being subsidised by £511 each year, according to Axa. This means that homeowners in affected regions are only paying 42% of the true cost of insurance to protect their homes against flooding.
Think tanks predict Euro withdrawals
The small, debt-ridden countries on the fringes of the European Union will soon start dropping out of the Euro, according to a new report by two economic think-tanks from both sides of the Atlantic.
Think tanks predict Euro withdrawals
The small, debt-ridden countries on the fringes of the European Union will soon start dropping out of the Euro, according to a new report by two economic think-tanks from both sides of the Atlantic.
Green Insurance Company unveils online shop
The Green Insurance Company has launched an online shop offering eco-friendly price comparison.
Kiln appoints new underwriter
R J Kiln has named former Brit Insurance employee Paul Blunden as a class underwriter of medical expenses insurance for Lloyd’s Syndicate 807.
Bluefin acquires Ross Lloyd
Bluefin has acquired Carlisle-based Ross Lloyd – their third acquisition in 2010.
Brokers Link adds new members
CG&B Group, Cornes Insurance Agency and Hertz & Co have joined intermediary network Brokers Link.
Allianz: 50% of brokers have no knowledge of CIE regulations
Almost 50% of brokers have no knowledge of the new Continuous Insurance Enforcement regulations, which are due to come into force early in 2011, Allianz Commercial has learnt.
RMS: 2010 saw second most hurricanes since 1851
The 2010 Atlantic Hurricane season, which officially ended on 30 November, had the second highest number of hurricanes since records began in 1851, according to analysis by Risk Management Solutions.
IPT an "under-exploited" revenue source claims tax expert
A sharp increase in the number of insurance premium tax rate rises announced this year proves that governments are focusing more on this tax as a way of repairing public finances, according to insurance tax compliance specialists Fiscal Reps.
IPT an "under-exploited" revenue source claims tax expert
A sharp increase in the number of insurance premium tax rate rises announced this year proves that governments are focusing more on this tax as a way of repairing public finances, according to insurance tax compliance specialists Fiscal Reps.
Zurich hails "milestone" in Middle East expansion as it closes deal
Zurich has announced that its subsidiary Zurich Insurance Company Ltd has completed the acquisition of 99.99% of Compagnie Libanaise D'Assurances SAL, a privately owned Lebanese insurer with branch operations in the United Arab Emirates, Kuwait and Oman.
Zurich hails "milestone" in Middle East expansion as it closes deal
Zurich has announced that its subsidiary Zurich Insurance Company Ltd has completed the acquisition of 99.99% of Compagnie Libanaise D'Assurances SAL, a privately owned Lebanese insurer with branch operations in the United Arab Emirates, Kuwait and Oman.
Bermuda insurance group redomiciles to Switzerland
Allied World Assurance has announced that it has completed the previously announced redomestication of its group holding company from Bermuda to Switzerland.
Bermuda insurance group redomiciles to Switzerland
Allied World Assurance has announced that it has completed the previously announced redomestication of its group holding company from Bermuda to Switzerland.
Zurich pledges to beat the market by up to 4% on COR
Zurich will today outline plans to improve its general insurance combined ratio by three to four percentage points relative to global competitors by 2013 while contributing to group business operating profit after tax return on equity target: > 16%.
Zurich pledges to beat the market by up to 4% on COR
Zurich will today outline plans to improve its general insurance combined ratio by three to four percentage points relative to global competitors by 2013 while contributing to group business operating profit after tax return on equity target: > 16%.
Reid: Bluefin is moving away from 'macho' tag
Bluefin Insurance Services has said that the restructure of its operations, announced this week, is designed to help it develop a national strategy rather than facilitate branch closures.
Jubilee off the market as Ascot buys motor book
Jubilee group chief executive Andreas Loucaides has vowed that the Lloyd's underwriter is no longer for sale, despite Ascot Underwriting acquiring its commercial motor book.
Biba outlines 2011 manifesto
Regulation will top the agenda in 2011, as the British Insurance Brokers' Association prepares its annual manifesto for the new year.
Aviva returns to pay-as-you-drive market
Aviva has returned to the pay-as-you-drive insurance market, two years after it pulled its personal lines offering, with a launch targeting the haulage industry.
PCUK staff gain know-how to challenge suppliers
Staff at Property Consortium UK are to benefit from a new training programme that will explain how a building is put together, in order to make them better at handling claims.
Brokers face North-South divide over M&A activity
Brokers in the 'resilient South' are standing their ground when it comes to getting the price they want for a sale, creating a divide between themselves and their northern counterparts in terms of acquisition availability, it has been claimed.