News
Claims handling: Positive picture from general insurers says FSA
Most general insurance firms are handling claims well, a review carried out by the Financial Services Authority has found. The review unveiled exclusively at this morning Post Magazine Claims Club also identified some areas for firms to consider in their…
GuyCarp poaches Benfield exec for Australasian operations
Guy Carpenter has announced the appointment of Ray Carless as executive chairman of its Australia, New Zealand and Pacific operations, effective March 27. He will be based in Sydney and will report to Martin Burrough, CEO of the Asia Pacific Region.
CEA welcomes EU flood directive
Comité Européen des Assurances has welcomed the European Commission’s proposal for a directive on the assessment and management of floods. By aiming to help Member States to prevent and limit the consequences of floods, the proposed directive addresses…
Premium Credit prolongs Biba account
Premium Credit, has secured a further three-year deal with the British Insurance Brokers’ Association confirming it as preferred provider.
Mayor puts demand for homes before the environment
Environmental standards are being undermined by the need to meet demands for homes in London according to new research published today by the London Assembly.
Chaucer profits down £20m
Lloyd's insurer Chaucer Holdings has announced 2005 pre tax profit of £11.9m, down from £33.0m in 2004, blaming its hurricane season losses of £68.5m.
RSA shares jump on bid rumour
Shares in UK-based insurer Royal and Sun Alliance rose by just over 7% this afternoon - hitting just over 141p each - before falling back slightly, on the back of renewed market speculation that the company could be a takeover target.
Fortis works to help CII speak out
Fortis Insurance is sponsoring a Chartered Insurance Institute local institute training initiative to help incoming presidents of the CII be better public speakers.
FSA fines Capita £300 000 on fraud charge
The FSA has fined Capita Financial Administrators Limited (CFA), a third party administrator of collective investment schemes, £300,000 for poor anti-fraud controls over client identities and accounts. The matters set out in this notice refer to the…
New motor claims boss at RSA
Royal & SunAlliance has announced the appointment of Ian Thompson to the newly created role of head of motor operations – claims services. Ian will begin his role on 3 April, having worked for R&SA for the last 12 years in a variety of global and UK…
Fortis profits up 22%
Fortis UK has reported 2005 pre-tax profits increasing by 22% to £66.4 million; the figures include over-50s insurer RIAS and affinity provider OutRight.
PMA launches work rehabilitation service
PMA has established a rehabilitation service with Independent Case Management Consultancy (ICMC) to offer a rehabilitation and get-you-back to work service branded Fit2Work. It will initially be provided to the Payment Protection claims sector of the…
Impact appoints new A&H underwriter
Impact Underwriting has announced the appointment of Katherine Newberry as accident and health underwriter.
Appointment at Multiassistance
Multiassistance, the UK repair and improvement company, has promoted Scott Stewart to manage the recently refocused UK Control Centre.
Amazon and Google are insurance industry’s biggest threat
The insurance industry’s greatest competitive fear is the entry into the market of internet suppliers such as Amazon and Google, according to a study.
Dressed to impress
Information that is presented clearly can make the world of difference but all too often reports are indecipherable, impenetrable and uninviting. Jon Moon explains how to make information work for you
Cooper Gay profits increase
Broker Cooper Gay reported turnover and other operating income was up 12% to £58.4m (2004: £52.1m), ...
ABI and Citizens Advice reiterate calls for reform
The Association of British Insurers and Citizens Advice have reiterated calls for a wider reform of ...
Equity rebrands and opens new island base
Equity Insurance Brokers will rebrand its broker network from the beginning of May. The broker's 61...
Appointment at RK Harrison
RK Harrison has made Steve Thornett head of its UK commercial operations. Mr Thornett was formerly m...
Beazley's US move not a ploy
Lloyd's insurer Beazley has reassured its London brokers the firm's expansion in the US is not a plo...
G6 to complete prototype in June
The Lloyd's trading system being created by the G6 group of insurers will fill the void left by Kinn...
RSA to challenge Lloyd's on property
A 'no holds barred' competitor to Lloyd's in the property insurance market has been established by R...
New panel of insurers for Shakespeare Underwriting
A new panel of insurers has been put in place for agency Shakespeare Underwriting, which was acquire...