News
Eco-friendly travellers to benefit from new launch
Voyager Insurance Services says that the launch of www.responsibletravelinsurance.co.uk will offer a simple but effective solution according to the company. Travellers will be able to put something back when buying travel insurance as all policies will…
State Farm says has filed for 47.1% increase in Florida rates
State Farm, the US insurance giant, said that it has filed for a 47.1% increased in Florida rates.
APC extends restaurant and café product
Commercial insurance underwriting agency Anglo Pacific Consultants (APC) has launched a restaurant and café product, which it says can also provide additional protection for proprietors providing entertainment for customers.
CEA warns on block exemptions
The CEA, the European insurance and reinsurance federation, has reiterated why the insurance industry strongly believes that the current insurance block exemption regulation should be renewed beyond its current 2010 deadline.
Lloyd's reform order laid before parliament
Economic Secretary to the Treasury, Kitty Ussher MP, yesterday laid before parliament a draft Legislative Reform Order taking forward proposals to modernise the operation and governance of Lloyd's of London.
RSA launches More Than Select in league with broking group
Junction, the BGL Group’s affinity partnerships arm, today announced a new relationship with RSA's direct business More Than which will see the launch of a new motor brand.
Expats left underinsured by employers, warns Hiscox
British professionals abroad are dangerously underinsured, Hiscox has warned.
Analysts predict bodyshops in steep decline
Research company Trend Tracker has forecasted a decline of over one-fifth in the number of body shops over the next five years, leading to seasonal and regional shortfalls in repair capacity by 2010.
Lloyd's Brazil head named
Lloyd's has appointed Marco Antonio de Simas Castro as managing director, Lloyd's Brazil.
Guy Carp: prices 10-20% down at 1/7
Excess capital has caused soft market conditions to persist at July property and casualty reinsurance renewals, according to a briefing released by reinsurance broker Guy Carpenter.
Cooper Gay secures £31.6m debt financing facility
Cooper Gay has signed a £31.6m senior debt financing facility with National Australia Bank, London, which it said will support its ongoing acquisition strategy.
Hiscox overhauls HNW offering
Hiscox has announced changes to its art and private client offerings.
MOJ reforms: Bridget Prentice to address Claims Club
Bridget Prentice MP, the parliamentary under secretary of state at the Ministry of Justice has confirmed she will now address the Post Magazine Claims Club Annual Conference on 9 October. The news follows rumblings in the market that the MOJ will make an…
Aon adds to UK board
Aon has appointed Mark Chessher to the position of CFO of Aon and Aon Risk Services.
Life Direct warns on Inheritance Tax
Neglecting to put a life policy into trust could give the Inland Revenue a windfall of £2bn, according to specialist online brokers Life Direct.
AM Best turns positive on Hannover Re
Ratings agency AM Best has affirmed Hannover Re’s financial strength rating of A and upped the rating's outlook to positive from stable. Best also has upgraded the firm’s issuer credit rating (ICR) to “a+” from “a”.
Swiss Re hit by $9.6bn holding of Fannie and Freddie debt
(BestWire) — reinsurance giant Swiss Re has disclosed it owns roughly $9.6 billion of corporate debt from troubled US government-backed mortgage lenders Freddie Mac and Fannie Mae.
Marsh appoints head of affinity development
Marsh has appointed Alastair Burns as head of affinity development and client management, a part of its global consumer connexions UK team.
Assurant Solutions teams up with Irish Brokers Association
Assurant Solutions, a specialist in creating, underwriting and administering creditor insurance products, has partnered with the Irish Brokers Association (IBA) in an exclusive deal to develop payment protection products in Ireland.
Retail Distribution Review criticised by Skandia
Skandia has said that the outcome of the Retail Distribution Review (RDR) should be applied to the entire financial services market in order to avoid customer confusion about the type of advice or service they are paying for.
Legal & General to use improved protection tool to help advisers increase profitability
Legal & General has launched a new tool to analyse the sales performance of advisers.
Pick of the week
Post editor Jonathan Swift looks at the major stories from the general insurance market. This week: p...
Pressure for EL database grows as MPs 'pray' for records U-turn
Pressure to form a national database of employers' liability policies is likely to be stepped up aft...
Credit crunch forces rating withdrawal
Irish insurer Quinn has said it is confident its UK customers will recognise its strengths after pul...