News
ABI Motor 2011: Insurers sign up to tyre scheme
Major motor insurers Axa, Aviva, Direct Line and RSA are among more than 50 companies that have agreed not to charge an additional premium to policyholders fitting winter tyres.
ABI Motor 2011: Thoresen outlines five key priorities
Otto Thoresen, ABI director general has outlined the tough measures that form part of its strategy to deliver a better motor insurance deal to customers.
Catlin and China Re deal predicted to be catalyst for Lloyd’s investment
The “landmark” strategic partnership between Catlin and China Re is expected to be a catalyst for a boom in Lloyd’s investment from insurers in emerging economies.
Homeserve set to lose 5% of customers
Homeserve, the home repair business hit by a mis-selling scandal, has warned customer numbers will fall by 5% as a result of its telephone selling problems - costing it £15m.
Miles Smith expands with two buys
Lloyd’s broker Miles Smith has bought wholesaler motor fleet specialist Parker Norfolk and the UK operations of RL Davison.
Keelan Westall grows business by 45%
Broker Keelan Westall has announced that new business income has risen by more than 45% in the past year, with the number of quotations reaching record breaking levels in the past two months alone.
ABI Motor 2011: “Tough love” proposals to cut young driver accidents
The Association of British Insurers has set out radical proposals to cut the high level of deaths and serious injuries involving young drivers.
ABI Motor 2011: Cheaper ‘work journeys only’ car insurance proposed
Speaking at the Association of British Insurers Motor Insurance Conference tomorrow, John Woodcock, MP, Labour's shadow transport minister will propose that unemployed young people should be offered the choice of cheaper "work journeys only" car…
Anglo Irish to challenge Quinn bankruptcy
The Irish Bank Resolution Corporation, formerly the Anglo Irish Bank, is set to challenge Sean Quinn’s insolvency proceedings in Northern Ireland, according to the Irish Independent.
Allianz hails ‘first sanity in 30 years’
Allianz’s UK boss Andrew Torrance has said “the first period of sanity in 30 years” in the personal motor insurance market has helped make personal lines the growth area for the firm.
PPI complaints climb to over 3000 a week
The Financial Ombudsman Service said that the rate of payment protection insurance claims has been “pretty unsettling”.
RSA's CFO quits to join Lloyds Banking Group
George Culmer, director and chief financial officer of RSA has resigned to take up the position of group finance director of Lloyds Banking Group.
Generali and its main subsidiaries placed on negative watch
Ratings service AM Best has placed the financial strength rating of “A+” (Superior) and issuer credit rating of “AA” of Assicurazioni Generali SpA and its main subsidiaries under review with negative implications.
RSA CFO quits for Lloyds Banking job
RSA’s director and chief financial officer George Culmer has resigned from his post to work as group finance director of Lloyds Banking.
Evolution promotes three
Commercial underwriting specialist Evolution Underwriting has promoted three of its senior staff.
Allianz makes leap into space travel
Allianz Global Assistance will accompany future space travellers before, during and after their space flight with bespoke space travel insurance.
Marsh first Manx chartered broker
Marsh has become the first Manx insurance broker to achieve chartered insurance broker status from the Chartered Insurance Institute.
Willis Group appoints CEO of Global Analytics
Willis Group Holdings has appointed Rowan Douglas as chief executive officer of Global Analytics.
Argo International appoints head of casualty treaty reinsurance
Argo International, a specialist Lloyd’s insurer and subsidiary of Argo Group International Holdings, has appointed Stuart Dale as head of casualty treaty reinsurance.
EU and FEMA agree on risk reduction and disaster response
The European Union and the US Federal Emergency Management Agency have signed an agreement to cooperate on disaster management and emergency response.
Travel insurer offers 15% discount to skiers wearing helmets
A travel insurance company is trying to entice winter sports participants to wear helmets, by offering a 15% policy discount to skiers and snowboarders who commit to using head protection.
Keoghs warns of Laspo bill’s “limited scope”
Keoghs has spoken out about the Legal Aid, Sentencing and Punishment of Offenders Bill as it goes through its second reading in the House of Lords.
Terry Moyes quits Oval to go it alone
Terry Moyes, managing director of Oval's corporate business, has resigned from the Oval Group to set-up a multi-niche general insurance broker focusing on commercial, aviation and high net worth.
Argent recruits and promotes internally
Argent Liability Adjusters has appointed four new associate directors and made three new hires as it continues to expand.