News
IFB sees 50% increase in reported fraud
The Insurance Fraud Bureau has seen over 50% of reports now being reported online since launching its enhanced Cheatline facility in November 2008.
Barclays Bank appeals PPI ruling
Barclays Bank has challenged the legality of the Competition Commissions findings on payment protection insurance (PPI).
Arc Legal boosts Irish presence with Axa motor deal
Arc Legal Assistance has signed a new motor insurance deal with AXA Insurance Ireland as part of its plans to expand further into the Irish market.
Watson Wyatt names new insurance boss
Martin Pike has been named as global director of Watson Wyatt's Insurance & Financial Services Consulting Practice, taking effect when Philip Brook retires on 1 July 2009.
FSA wins case against former CEO who "lacked integrity"
The Financial Services Authority has won its case before the Financial Services and Markets Tribunal to ban former Mr Milan Vukelic from working in the financial services industry in the UK. The Tribunal found that Mr Vukelic's actions whilst CEO of…
NU boss apologises
Norwich Union’s insurance chief has apologised for “conflicting messages” over job cuts.
Gibraltar Government comfortable with the outcome of G20
The Gibraltar government said the territory is well positioned to prosper from the global rising standards of financial services regulation.
Coverbox caps excess PAYD mileage.
Pay-as-you-drive insurer Coverbox will cap excess mileage charges at 10% over virtually all customers' mileage forecasts regardless for a pilot period.
Biba urge brokers to demonstrate value to SMEs
The British Insurance Brokers' Association is urging brokers to do more to explain their services and demonstrate the value that they provide to SMEs.
Petrol station scheme launched
Commercial lines underwriter Arista has developed an exclusive scheme with broker RK Henshall to provide a package of insurances for petrol stations and forecourts.
Glacier Insurance opens Zurich office
Glacier Insurance has opened a new underwriting office in Zurich.
Liberty recruits new head to drive construction business
Liberty International Underwriters Europe, a division of Liberty Mutual Group, has appointed François Fournié as its head of technical risk in Paris.
Cunningham UK bolsters board
Cunningham Lindsey UK today announced the appointment to the board of David Aiston, director, business development, who joined the company in March last year from Axa, and also of Mark Dobson, director of IT.
Liberty International Underwriters adds Ace senior exec
Liberty International Underwriters, the underwriting branch of US (re)insurance giant Liberty Mutual has appointed François Fournié as its head of technical risk in its Paris office.
IPC CEO Bryce may pocket nearly $8m in Validus deal
James Bryce, the CEO of IPC Holdings, may pocket nearly $8m if he sells the company he helped start to Bermudian rival Validus.
Crawford adds to UK exec
Crawford & Company UK has appointed Mike Woolston, managing director SLS – a Crawford company, to its UK executive committee.
Former Zurich UK boss to retire
Zurich Financial Services has announced that after more than 11 years of dedicated service to Zurich, Patrick O'Sullivan will be retiring effective 30 April 2009.
Heritage opens office in Dubai
Heritage, the captive management company, has opened an office in Dubai, the company said in a statement.
Airmic picks preferred provider
Charles Taylor Adjusting has become a preferred service provider to the Association of Insurance and Risk Managers.
Guy Carpenter grabs three from Aon Benfield
Guy Carpenter, the reinsurance broking arm of Marsh & McLennan, has appointed Wim Raeymaekers as the head of its Benelux office.
LV= extends offer to remove 60 day exclusion on mortgage & lifestyle protection unemployment cover
LV= has extended its offer to remove the initial 60 day unemployment claim exclusion for customers who replace their existing unemployment cover with the provider's Mortgage & Lifestyle Protection cover.
Legal & General launches major new online system
Legal & General has launched an online point-of-sale business system which allows advisers to manage their own cases from start to finish.
220 Direct Choice staff offered redundancy as company plans relocation
More than 200 staff at Direct Choice may be offered redundancy as the company prepares to close two offices as part of its relocation to Kent.
Heath Lambert signs Post Office deal
Fortis Insurance UK in partnership with Heath Lambert has secured a five-year commercial SME deal with Post Office Financial Services.