News
Ascot Underwriting snaps up Aon Benfield UK chairman
Ascot has today announced the appointment of former Aon Benfield UK chairman Charlie Cantlay as executive director.
Groupama and Cost Advocates fear referral fee ban not enough
Groupama Insurances and Cost Advocates have welcomed the Government’s decision to ban referral fees but say it is only part of the compensation culture probem.
APIL demand widespread coroner service reforms
The Association of Personal Injury Lawyers has described the draft charter designed to improve the coroner service as “no replacement” for the planned full-scale reforms which were dropped by the coalition government.
Urgent need for “clarity” on scope of referral fee ban
Steve Thomas, director of market affairs at Keoghs, comments on the news that the government is set to ban referral fees.
Pro Legal warns MoJ over “dangerous” referral fee decision
London-based law firm Pro Legal has hit out at the Ministry of Justice over its “dangerous” decision to ban referral fees claiming that the move would hurt consumers.
Asbestos families campaign against compensation reform
More than 400 families affected by asbestos-related cancer mesothelioma have written to the Forum condemning the planned reforms to the way compensation claims for industrial diseases are funded.
Parabis slams MoJ over referral fees
Parabis has criticised the Ministry of Justice’s decision to ban referral fees.
Dual names new senior underwriter
Underwriting agency Dual Corporate Risks has appointed Paul Russell as director and senior underwriter of its financial institutions division.
Referral fee ban will not reduce car insurance premiums
In response to the ban on referral fees, Stephen Lewis, CEO of Zurich's UK general insurance business, has said that this one element will not in itself create a car insurance market where consumers will see “dramatic” premium reductions.
MMA appoints Solvency II chief
MMA Insurance has appointed Anthony Collins as head of actuarial focusing on the firm's preparations for Solvency II.
Collinson recruits top dog retail head
Collinson Insurance has appointed Greg Lawson as head of retail in a bid to develop its retail offering.
Axa urges MoJ to cut legal costs
Insurer Axa has welcomed the Ministry of Justice’s ban on referral fees but has urged the government to tackle lawyers fixed fees.
Jubilee Europe to offer protection to Dutch mortgage holders
Jubilee Europe is offering protection for Dutch mortgage holders, by entering into a partnership with Reliance Mutual Insurance Society.
Admiral reiterates referral fee stance
In light of the government's ban on referral fees, Admiral has declared that it does not sell customer data.
ABI welcomes ban on referral fees
The Association of British Insurers welcomes today’s government announcement that they will ban the selling on of personal injury details – referral fees.
Government bans referral fees
The government has announced today that it is to ban referral fees as part of its commitment to curb the compensation culture, but is yet to specify a date.
MGAA to challenge FSA "pleasant" but indifferent view
The chairman of the Managing General Agents’ Association has said the Financial Services Authority seemed indifferent to the new trade body.
Tawa acquires Chiltington
Run-off provider Tawa has entered into a share purchase agreement to acquire Hamberger Internationale Ruckversichrung, the holding company for the Chiltington group of companies.
Allianz and subsidiaries A+ rating affirmed
Allianz Societas Europea and a number of its subsidiaries have had their financial strength rating of A+ and issuer credit rating of AA confirmed by AM Best, despite the company’s high exposure to peripheral Eurozone sovereign credit risk.
MGAA officially launches with agents representing £1.25bn GWP
The Managing General Agents’ Association, a non-profit making organisation founded to represent UK Managing General Agents’, officially launched on the 1 September with an initial 40 full members underwriting approximately £1.25bn of GWP.
European insurance buyers rate specialist brokers for providing personalised service
European insurers buyers rate the 'big 3'brokers for their depth of resources and buying power, but it is the specialist brokers that are viewed as providing personalised service.
Reinsurers' capital recovers after cat losses
Total global reinsurer capital for the world’s 28 leading reinsurers has reached $445 according to the latest market figures.
Markel International A+ rating affirmed
Markel International Insurance Company and its syndicate 3000 have had their financial strength rating of A (Excellent) and issuer credit rating of a+ affirmed.
FM global updates policies ahead of renewal
Commercial property insurer FM global has launched an improvement to its the FM global advantage policy, which will be available to clients at renewal.