News
Wilson Organisation takes on Boots man
Nottingham insurance broker The Wilson Organisation has named former Boots The Chemist director Gary Cormack as non-executive deputy chairman to work alongside MD Charlotte Perkins and CEO Annabel Prow.
Biba and IIB call for FCA changes
The two broker bodies, Biba and the IIB, have jointly called for regulatory barriers to be lowered and for the current inappropriate style and intensity of regulation to be reformed.
Brit warns about untrained lorry drivers
Brit Insurance has issued a stark warning that shop shelves could be left bare and consumers will struggle to buy essentials such as bread and milk if truck drivers fail to comply with incoming EU driver training rules.
Policy covers schoolkids' iPads
CityMain's education insurance division Burnett & Associates has launched a policy to cover iPads and other tablet computers in schools and colleges, covering use in the classroom, at home or digs and when travelling between the two.
PowerPlace launches D&O workshops
Commercial insurance portal PowerPlace is to run free educational workshops for brokers in directors’ and officers’ insurance.
Abbey profits rise despite ATE drop
Legal and professional fees insurer Abbey Protection has announced half year results showing revenue and pre-tax profit up 6% with revenue at £18.3m (H1 2010: £17.3) and pre-tax profit at £5.0m (£4.7m).
Ex-Churchill MD joins aggregator start-up
Former Churchill managing director Mike Quinton has taken an “opportunity of a lifetime” to become Debra Williams’ first senior appointment at a new price comparison site, joining as commercial director.
Irene batters the US but commercial losses look set to be low
Hurricane Irene will be a personal lines insurance event in the US with few major commercial losses, raising the issue of coverage for flood policies, according to loss adjuster Cunningham Lindsey.
Essex broker rebuffed by Qmetric over Primo name
An Essex-based insurance broker has lodged a formal complaint against Qmetric for using the ‘Primo’ trading title, which it claims was its brand name first.
Boswell launches recruitment drive after growth
The managing director of the East Anglia general insurance and legal services firm Alan Boswell Group is targeting a fresh recruitment drive, after announcing a capital reserves growth of 36% in the past year.
Economic uncertainty boosts HNW business
Stock market crashes and market uncertainties are moving high net worth customers from stocks and shares to more tangible assets, boosting business for HNW insurers.
Warning over Solvency II pillar three requirements
Capita Consulting’s head of financial services Tony Tarquini has claimed insurers are failing to focus enough on meeting the ‘third pillar’ reporting requirements of Solvency II.
Axa blames injury claims for motor reserve top-ups
Axa has denied its need to top-up motor claims reserves for the last five years is because of its acquisition of Swiftcover, blaming instead high claims costs.
Aviva u-turns on single brand policy with QMH
Aviva’s UK retail director Steve Treloar has vowed to expand new car insurance brand Quote Me Happy into the household market.
Bank holiday breakdowns
Unsettled weather meant the AA only reported 35 000 breakdowns between 26 August and 29 August, 1000 lower than the August bank holiday 2010 but 1000 higher than for the same period in 2009.
Capita looks to double in size by 2013
Outsourcing specialist Capita Consulting has unveiled plans to recruit 30 more consultants to its financial services practice and to double the size of its business in two years.
Clinicians call for a whiplash consensus
Leading clinicians are set to call for a new consensus in tackling the whiplash culture in the UK at a conference in November.
People moves - 1 September 2011
A round-up of people moves and new appointments in the industry, as featured in the 1 September 2011 edition of Post.
Lawyers target insurers through fraudulent claims
Solicitors practice Cost Advocates has warned of a growing trend of claimant lawyers submitting costs for personal injury claims.
Marsh buys Alexander Forbes broker business
Marsh of Marsh & McLennan companies has acquired the brokerage business of Alexander Forbes.
Brit motor boss warns haulage firms over EU regulation
Haulage companies in the UK have been warned they must increase uptake levels in the new EU-wide regime of driver certification of professional competence or else face "devastating ramifications”.
Debrett's launches HNW insurance cover
Publishers of books on etiquette and manners Debrett’s has launched a new insurance service providing comprehensive buildings and contents cover for “discerning” home owners.
Howden opens for business in Bermuda
Howden Broking Group, part of international insurance and reinsurance distribution group Hyperion, has opened a new wholesale and retail operation in Bermuda’s capital, Hamilton.
Insured losses from Irene could reach $3.4bn
Risk modelling firm Eqecat has estimated that hurricane Irene could cost insurers between $1.8bn and $3.4bn.