News
Jelf denies acquisition
Jelf has denied it will be acquired by Capital Z, despite the private equity firm increasing its stake in the broker to 27.8%.
Aviva improves flood map
Aviva is set to unveil a new flood mapping model it claims will enable it to offer "more competitive prices" to household policyholders.
JPM franchise model unveiled
Midlands-based broker Johnston Park McAndrew is set to establish its first franchise offering in Shropshire.
Carole Nash takes £629 000 legal costs hit
Carole Nash's 2009 results were hit by costs arising from a legal dispute with a third party.
LV boss hails new deals as firm exceeds target
LV's breakdown division Britannia Rescue has agreed a number of new broker partnerships as it seeks to widen its distribution in the intermediary market.
Bill plans dropped
The government has dropped controversial plans in the Financial Services Bill to allow class actions against financial institutions.
Fire claim insurer named
Zurich and Cunningham Lindsey are involved in the claim resulting from last week's blaze in Southampton in which two fire fighters died.
Benchmarking briefing
In today's competitive market, companies are looking for innovative ways to reduce claims costs, improve efficiencies, and provide superior customer service.
ABI reveals massive trade credit claims increase for 2009
The Association of British Insurers has revealed the cost of trade credit claims soared by 95% in 2009, while business prospects remain "highly uncertain".
Brittain steps down as Finsure ceases writing business
Trevor Brittain has stepped down as managing director of Royal Bank of Scotland's premium finance business Finsure ahead of its closure.
Exeter Friendly joins Protect
Income protection specialists Exeter Friendly Society has joined credit insurance trade body Protect under the umbrella of its Pioneer brand.
Carole Nash reveals “satisfactory” result despite fall in profits
Specialist motorcycle insurance broker Carole Nash has announced a pre-tax profit of £6.17m for 2009 – more than £1m less than the figure for 2008 (£7.6m).
Quinn planned to reduce UK broker panel before Regulator stepped in
Quinn Insurance wrote to brokers outlining plans to grow its UK business days before the insurance group was banned from writing any new business there, according to reports this morning.
Homeserve makes US acquisition
Homeserve is expanding its international operations and the development of its US business with the acquisition of National Grid Energy Services service contract business from National Grid Energy Services.
Quinn planned to reduce UK broker panel before Regulator stepped in
Quinn Insurance wrote to brokers outlining plans to grow its UK business days before the insurance group was banned from writing any new business there, according to reports this morning.
Quinn appoints financial restructuring firm
Talbot Hughes McKillop has been engaged by Quinn Group to provide financial restructuring services to the company, it announced today.
Quinn appoints financial restructuring firm
Talbot Hughes McKillop has been engaged by Quinn Group to provide financial restructuring services to the company, it announced today.
Fitch warns Austrian insurers of CEE exposures
The Austria's insurance sector is facing challenges relating to the industry's significant exposure to central and eastern Europe, according to a new report from Fitch Ratings.
FM Global research underlines sprinkler importance
Automatic fire sprinkler protection can significantly cut the environmental impact of fires in addition to its proven effectiveness at minimising property damage. That is the key finding of new US scientific research published this week.
AIG CEO Benmosche received $2.7m for 2009
Robert Benmosche received $2.7m in compensation for 2009 as the bailed-out insurer began selling assets to repay government loans
Fitch warns Austrian insurers of CEE exposures
The Austria's insurance sector is facing challenges relating to the industry's significant exposure to central and eastern Europe, according to a new report from Fitch Ratings.
Allianz names first ever retail fraud manager
Allianz has appointed Graham Knight to the newly created role of fraud manager for Allianz Retail.
Berkshire Hathaway insurance profits may fall – Barclays
Warren Buffett’s Berkshire Hathaway may post declining returns on equity through next year on reduced insurance earnings, said Jay Gelb, an analyst at Barclays.
Fairholme becomes biggest AIG investor after US government
Fairholme Capital Management has acquired about 15 million shares of AIG in a bet on a rebound of the bailed-out insurer.