News
Aviva to merge Irish and UK operations
Aviva is to scrap its separate company in the Republic of Ireland and merge its operation with the UK, cutting up to 950 jobs over two years.
Jefferies lowers 2011 EPS
Jefferies Equity Research is lowering the 2011 earnings per share (EPS) estimate of Sampo by 17% to reflect the equity impairments of Swedish bank Nordea.
Insurance 2 Go sets £2m turnover target
Online mobile phone insurance specialists Insurance 2 Go plans to make a £2m turnover next year and expand into Europe in the first quarter.
MA Assist launches new claims case management system
Insurance claims and building repair specialist, MA Assist, is set to launch a new claims case management system as part of its plans for future innovation and growth.
Hogarth’s Imperial exit sparked by ‘difference of opinion’ - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including the reason behind Imperial Consultants’ Ian Hogarth’s move to LAS Claims Management.
85% of consumers happy to buy home insurance online
According to a survey by independent financial research company Defaqto, 85% of consumers are comfortable with researching and buying home insurance online without professional advice.
Aviva merges Irish and UK operations
Aviva is to scrap its separate company in the Republic of Ireland and merge its operation with the UK, cutting as many 950 jobs over two years.
Willis teams with science academy on event management
Global insurance broker Willis and the leaders of the US National Academy of Sciences have pledged to continue to explore activities aimed at increasing the physical and financial resilience of populations to extreme events.
R&Q buys Takaful run-off firm Principle
Run-off specialist Randall & Quilter is to buy Principle Insurance, the UK Takaful motor insurer put into run-off in October 2009, for £4.275m.
Deacon offers managing agents PI cover
Blocks of flats insurance broker Deacon has developed a professional indemnity insurance products for managing agents.
Direct Line leads calls for ban on dangerous motorists
Bosses at Direct Line are calling for “out-of-control” drivers to be banned from the road following a study showing that 43% of UK drivers with 12 points or more have not been disqualified.
FSA did not seek compensation powers
The Financial Services Authority has insisted fears it was seeking draconian power to force brokers to pay unreasonable amounts of compensation are unfounded.
InFront Innovation become first carbon neutral claims handler
Eco-friendly employees at InFront Innovation are celebrating after becoming the first UK claims handling firm to comply with the British Standards Institute benchmark for carbon neutrality.
Amlin recruits former Chubb underwriter
Amlin has appointed Joanne McWhirter as class underwriter to its London cargo team.
PPI complaints drop by 38%
The Financial Ombudsman’s latest quarterly complaints data shows that the number of complaints referred to it by consumers are up by 24% over the last quarter (excluding PPI).
Towergate Broking MD resigns
Towergate has confirmed that David Partington has resigned from the broking division.
Three set to submit second round bids for IL&P
At least three groups will submit second-round bids for Irish Life & Permanent's life insurance business, according to reports in The Irish Independent.
Drainage firms merge to create £50m turnover
Two independent drainage companies have merged in a bid to create a £50m turnover in the provision of specialist services to household, industrial, commercial, transport and water sectors.
Average strength of companies deteriorates in Europe
Trade credit insurer Coface has reduced its 2011 forecasts for much of Europe following a deterioration of the average strength of companies.
ABI warns over government planning reforms
The Association of British Insurers has warned that government plans to reform the planning process must not lead to unwise developments being built in flood risk areas making flood insurance more expensive or even unobtainable.
Claims costs force UK P&I premiums up
The directors of the UK P&I Club have agreed to increase the premium rating of all members by 3% from 20th February 2012.
Car premiums fall as home insurance rises
Car premiums are falling while home insurance is on the rise, according to AA British Insurance Premium Index.
Coface downgrades forecasts
Trade credit insurer Coface has downgraded its forecasts for the US and much of Europe claiming financial market volatility “has spread to the real economy”.
Djanogly stripped of powers to regulate CMCs
Ken Clarke is set to take charge after Justice Minister Jonathan Djanogly failed to declare family interest in claims management companies, according to The Guardian.