News
Marsh's new online tool
Marsh has launched a new web-based service that gives global clients hands-on tools to monitor and analyse the financial health of the insurance companies on their insurance programmes as well as those under consideration.
New worker demand down overall, but up in GI sector claims report
Demand from UK employers for new workers fell back overall in March, according to the Reed Job Index published today.
GI industry braces for battle with Ceiops
The Committee of European Insurance and Occupational Supervisors has been urged to lower its solvency capital requirement standard formula following the opening of the pre-application process for internal models.
Earthquake hits Baja
A magnitude 7.2 earthquake occurred in Baja California, Mexico on 4 April.
MPPI product launched
Unemployment, accident and sickness specialist British Insurance has launched its first direct mortgage payment protection insurance product.
Bosses back Tory NI pledge
Axa UK group chief executive Nicolas Moreau and his Jardine Lloyd Thompson counterpart Dominic Burke were among 23 UK business leaders who publicly backed the Conservative party's pledge on National Insurance.
E-certificates put on a par with paper
The insurance industry has welcomed the introduction of regulation giving electronic motor insurance policies legal parity with paper policies.
Warning over 15-day rule
Robertson & Co has warned insurers against taking their eye off fraud as they try to fulfil claims within the 15-day timeframe set out under new Ministry of Justice rules on road traffic accident claims.
Torus enters financial lines
Torus UK has entered the financial lines marketplace in London through underwriting agency Torus Executive Risks.
FSA needs transparency
The Financial Services Authority should be more transparent about how fines on firms are set, law firm Reynolds Porter Chamberlain has said.
Fraud gang sentenced
Following a detailed insurance fraud investigation by Merseyside police's crime operations unit, 25 defendants have received sentences ranging from imprisonment to community orders.
Top 5 Post stories
The top five most popular stories on postonline.co.uk over the last week were:
RSA considers market position with review
RSA has stopped actively promoting its energy efficiency services while it considers the future of its offering in the market.
Growth plan at Brightside
Brightside has targeted 20% growth in 2010 after posting a record revenue of £44.7m for 2009. Overall revenue increased by 35% (2008: £33.2m).
Homer defiant over "negative" outlook
Towergate chief executive Andy Homer has refuted rating agency Moody's claim that its short-term outlook is 'negative', insisting it will not sell off parts of the business to cut debt.
Bids in for Kwik-Fit insurance
Investment bank Credit Suisse is mulling over bids to buy the insurance arm of Kwik-Fit after they were submitted for consideration by 2 April.
Drivers may pay the price
Niche areas within motor insurance such as cover designed specifically for young drivers could see rate increases of up to 20% after Quinn Insurance was ordered to cease underwriting in the UK, according to motor brokers.
Brokers offer welcome mat
Quinn Insurance's fall into the hands of administrators was "a disaster waiting to happen", according to broker bosses.
Zurich revisits action plan as Quinn faces 12 April D-day
Zurich has outlined its appetite to renew business currently held by Quinn Insurance's UK arm, by offering brokers and customers a 90-day hold covered facility.
UKRC puts rehabilitation on the general election agenda
The UK Rehabilitation Council has thrown down the gauntlet to the main political parties, asking them to stipulate their plans for improving the country's poor return-to-work record, with a view to posting responses live on its website in the run up to…
Outsourcing giant Capita set to take on travel insurance
Capita Insurance Services has revealed plans to enter the travel insurance sector before the end of the year.
Marsh wins Commonwealth double
Marsh has added to its portfolio of international sporting events after being appointed insurance broker and risk adviser for the 20th Commonwealth Games, to be held in Glasgow in 2014.
Brightside delivers £4.7m post tax profit
Brightside Group revenue increased by 35% to £44.7m (2008: £33.2m) in 2010. EBITDA before exceptional items and share based payments expense increased by 26% to £9.7m (2008: £7.7m).
Sean Quinn boss discusses insurance arm's future with Government agency
The CEO of Enterprise Ireland, Frank Ryan, has said the agency met Seán Quinn and the Quinn Group management team to discuss the future of Quinn Insurance.