News
NFU sees future in hybrid car insurance
NFU Mutual has been appointed by Mitsubishi as its approved underwriter for its new line in electric cars, i-MiEVs.
Central eyes opportunities after £1.2m move
Aberdeen-based broker Central Insurance has hired former Aon, Willis and Axa staff to operate its new office in Glasgow, after investing £1.2m in the new venture.
Higos looks for heir to pick up acquisition mantel
Higos Insurance Services' managing director has outlined plans to recruit his successor and move to the role of chairman, as well as acquire five new brokers in the next 18 months.
WNS breaks into national broker market
WNS Assistance is to target the UK broker market after winning an outsourcing deal with Bluefin to manage its personal lines motor claims.
Solvency II: warning over capital requirement
Insurers could face an average solvency capital requirement increase of more than 60% compared to previous expectations as a result of new Solvency II proposals, EMB has warned.
'Culture shift' sees 100 execs recruited
Towergate plans to bolster its broker sales force by recruiting 100 development executives this year, as part of its revised strategy to grow organically rather than through acquisition.
TIP linked to Oxygen trio
The Insurance Partnership has been linked with three members of Oxygen's corporate risks arm who recently resigned.
Industry welcomes exception in Equality Bill
The insurance industry has welcomed a decision to allow insurers to continue using age as a risk factor in setting premiums.
Hubbard quiet on UKG link
Former Axa Insurance chief executive Peter Hubbard has refused to rule himself out of the running to become the new boss of UK General.
Heath Lambert in race to be HSBC replacement
Heath Lambert has emerged as a frontrunner to replace HSBC Insurance Brokers as the UK representative of Assurex Global, Post has learnt.
Insurers stress fraud action
Insurers have stressed the need for decisive action against fraudsters in the civil courts after seven major insurers won £300 000 in damages from 57 members of a 'crash for cash' fraud ring.
Aviva drops Asda
Aviva has relinquished its role as lead home, motor and travel insurer for Asda. The insurer extended its affinity deal signed in March 2003 with the supermarket until December 2009.
AA insurance boss: deals "drying up"
The AA has reported that car insurance premiums rose more sharply in the last quarter of 2009 than at any other point since the launch of its UK insurance premium index in 1994.
Merlin refinancing deal struck to reduce costs
Loss adjusting and claims management company Merlin Professional Claims Services has agreed a refinancing deal with Royal Bank of Scotland, Bridgepoint and Babson Capital Europe.
Axa unveils direct launch
Axa has signalled its intention to become a major player in the direct motor market after launching an aggressive marketing campaign to support its return to the sector.
Hoban pledges 'dedicated' resource for insurance
The Conservative Party has attempted to allay the insurance industry's fears that it will be tarred with the same brush as banks, if the party comes to power this year and scraps the current regulator, by promising 'dedicated resources' to the sector.