News
Coface returns to positive growth
Coface has reported a return to positive growth in turnover over nine months at +1.9% at current structure, and at +0.6% at constant structure and exchange rates.
Law Commission gains “strong support” for damages proposals
The Law Commission has revealed that its proposals to modify current insurance contract law on damages has been well received by the industry.
Underwriting Service Awards 2010 - QBE scoops team of the year
Over 200 underwriters packed into the Grange City hotel in London last night for the inaugural Underwriting Service Awards from Post, rewarding excellence and achievement in general insurance underwriting.
Chaucer targets £21m in aggregator business in 2011
Chaucer has today announced plans to ramp up its direct personal lines offering in order to "optimise the underwriting return within the parameters of our given risk appetite".
Software firm launches London claims system
Claims management software firm Fineos Corporation has confirmed the launch of an ‘out of the box’ claims management system specifically designed in consultation with the market.
Evolution launches Iphone app for brokers
Evolution Underwriting has launched a service that allows brokers to manage customers, policies and quotations via their Iphones.
QBE to acquire Ren Re for $275m
QBE is to acquire the US insurance operations of Renaissance Re.
UK motor and energy rate rises boosts Chaucer's fortunes
Chaucer intends to grow its UK motor and energy portfolios next year as part of its plan to increase its income net of brokerage by 10% to £785.8 m.
UK motor and energy rate rises boosts Chaucer's fortunes
Chaucer intends to grow its UK motor and energy portfolios next year as part of its plan to increase its income net of brokerage by 10% to £785.8 m.
Russell Group launches FI portfolio management system
Russell Group has unveiled a new portfolio management system for financial institution risks.
Allianz names new market management chief
Allianz has appointed Brian Kirwan as regional head of market management and communication.
Allianz names new market management chief
Allianz has appointed Brian Kirwan as regional head of market management and communication.
Zurich implements Rok contingency plan
Zurich has established special outbound call centre teams in Cardiff and Whiteley to help policyholders affected by the closure of Rok’s maintenance business.
Career development & CSR news: Brit honours the country's brightest volunteer coaches
Brit Insurance has honoured the UK's finest school sports development volunteers.
Industry relief as plans to reform VAT exemption dropped
The European Union's decision to drop its planned reform of the Europe-wide VAT exemption of insurance and other financial services should be a relief to UK insurers and brokers.
London authorities seek out joint motor insurer
A group of local London authorities has kicked off a tender process to establish a joint scheme for the insurance of council fleet vehicles.
Career development & CSR news: 'Superb' broker duo scoops top claims service accolade
Two claims handlers at Stirling-based broker Denis O Brown & Associates have been jointly honoured with an award for their customer service and professionalism.
Career development & CSR: City Poppy Day plaudits
The Lloyd's branch of the Royal British Legion has confirmed that its final total raised for the London Poppy Day is £240 000 — exceeding the 2010 target by £90 000.
Career development: Ask the expert
I've been trying to recruit for a couple of positions for more than three months but am having trouble securing the right candidates. Would I be best waiting for the new year?
Editor's comment: Commercially viable
The news that Iprism has secured private equity backing, which effectively values the business at £50m, is further evidence that the future of online commercial trading has finally reached its 'tipping point'.
Momentum aims to help broking start-ups
A former managing director at Oval is set to target disgruntled account executives within consolidators through the launch of a start-up.
Ageas keen to developKwik Fit's niche brands
Ageas UK chief executive Barry Smith has pledged to retain and expand Kwik Fit Insurance Services' niche operations as it seeks to widen the group's overall product footprint.
Hardy still open to Beazley negotiations
Hardy's chief executive has said the insurer would be willing to discuss an improved offer from Beazley, despite the latter's threat to withdraw its renewed offer of 330p per share in cash after it was rejected.
Torrance slams new entrants over rates
Allianz UK chief executive Andrew Torrance has bemoaned the short- sightedness of some of the recent commercial entrants for keeping rate rises in check.