News
Customers happy to buy car insurance online
Around 86% of consumers are comfortable with researching and buying motor insurance online without professional advice, according to a financial research company.
Insurance-linked securities market poised for continued growth
The market for insurance-linked securities is poised for continued growth according to Swiss Re.
Cost of nautical-related claims back to high levels in 2011
The average cost of nautical related-claims has climbed back to high levels in 2011, according the Nordic Marine Insurance Statistics database, but may stabilise at the current rate.
NFU Mutual chairman awarded peerage
NFU Mutual staff have joined together to honour group chairman Sir Don Curry who was yesterday appointed a cross bench peer in the House of Lords.
Arag markets "first" UK divorce cover
Legal expense insurer Arag is claiming to be the first to launch a UK divorce insurance product.
LV= Broker launch academy to train underwriters
LV= Broker has become the latest firm to offer a specialist training academy where budding underwriters with no previous insurance experience will be fast-tracked through their technical training.
RBSI tops Ombudsman GI complaints
Royal Bank of Scotland Insurance is the most complained about general insurer in the UK according to figures from the Financial Ombudsman Service.
Insurance-linked securities to grow
Swiss Re claims that 15 years after its inception, the market for insurance-linked securities is poised to grow.
Marsh names shark saver as NED
Broker Marsh has appointed leading Manx businessman and wildlife expert Ken Watterson as a non-executive director on its Isle of Man board.
Polish brokers launch €3m class action lawsuit against RSA
The Polish Chamber of Insurance and Finance Intermediaries has reported that 35 insurance intermediaries have filed a class action lawsuit against Link4, a wholly owned insurance company of the RSA Group.
Airmic supports legislation to tackle compensation culture
Airmic said it strongly supports plans to tackle the compensation culture for personal injury through The Legal Aid, Sentencing and Punishment of Offenders Bill.
AJAG publishes robust rebuttal to ABI’s case
The Access to Justice Action Group has published a robust rebuttal of the Association of British insurers’ arguments in favour of the Legal Aid, Sentencing and Punishment of Offenders Bill.
QBE announces Glasgow Warriors sponsorship
QBE has signed an agreement to become the official insurance partner of Glasgow Warriors.
Austrian insurer Vienna Insurance Group to merge Polish subsidiaries
Austrian insurer, The Vienna Insurance Group, intends to increase its sales power in the Polish non-life market by merging the companies Inter Risk and PZM.
Xchanging nabs former Aviva IT director
Xchanging, the business process and technology services provider, has today revealed the appointment of former Aviva IT director Jim Sadler.
Swiss insurer Helvetia sees profits up 8.7%
Swiss insurer the Helvetia Group has reported increased profits of 8.7% for the first six months of 2011 compared to 2010.
European insurers with US APH liabilities face solvency scrutiny
European insurers that hold US Asbestos Pollution and Health Hazard liabilities will be subject to greater scrutiny of their financial accounting according to new research.
Capita targets third pillar of Solvency II requirements
Capita’s financial services consultancy practice plans to strengthen its presence in regulatory change in response to market demand.
Lorica supports business growth with new hires
Lorica Insurance Brokers has announced a number of new hires across its UK branch network.
UK General signs capacity deal with MMA
UK General has signed a new capacity deal with MMA to broaden the terms of its tradesman’s liability offering.
Mayer Brown appoints insurance industry partner
Law firm Mayer Brown has today announced the appointment of Colin Scagell to the corporate and securities practice and Insurance Industry Group in London.
IUA produces first time accurate London market stats
The International Underwriters Association has produced a measure of premium income generated by insurance and reinsurance companies written by London that could help them prepare for Solvency II.
Bikers cancel insurance in cold weather
Groupama, owner of specialist biker broker Carole Nash, has warned that motorbike insurance cancellations typically rise by up to 60% in autumn and winter compared to the spring and summer.
Markel strengthens its sporting connections with triathlon event in France
Markel International has signed a two-year contract to be the title sponsor of the Castle Triathlon Series.