News
Blow for Buckley Scott as trio quits for rival firms
Manchester-based loss adjuster Buckley Scott has lost two directors and a manager to rival firms.
Cardiff office to stay despite Zurich job cuts
Zurich has vowed to maintain a presence in Cardiff despite plans to make sweeping redundancies as part of its return to the direct insurance market.
L&G and Merlin set to review partnership deal
A claims partnership between Legal & General and Merlin that was heralded as a benchmark for others is set for review as the deal runs into its third year.
Commercial insurance reform back on agenda
The Law Commission has turned its attention to reforming commercial insurance pre-contract law after confirming a second consultation paper will be published this winter.
EIS French broker links sealed CBL aquisition
The multi-million dollar acquisition of London-based underwriting agency European Insurance Services was part of a strategic purchase by credit insurer CBL Group to gain access to a network of almost 500 French brokers.
Surveyors highlight dramatic rise in rebuilding costs
House rebuilding costs have "risen sharply" in the second quarter of 2011 following a prolonged period of decreases, according to the Royal Institution of Chartered Surveyors.
RDT aiming to go global
Insurance technology specialist RDT is targeting global expansion after winning a contract to supply software to South Australian general insurer and motoring organisation Royal Automobile Association.
Davies Group set to sell for more than £60m
Davies Group is expected to be sold for a bid of more than £60m, after its majority shareholder embarked on an auction process.
Supercover seeks partners after income quadruples
Niche intermediary Supercover Insurance is seeking new distribution partners after increasing its income four-fold in 18 months.
Lack of funds to spark Solvency II M&As
The cost of implementing Solvency II could lead to a spike in mergers and acquisitions, after a survey on how prepared the insurance industry is for the directive revealed only 31% of respondents claimed to have set aside sufficient funds.
People moves – 14 July
A round-up of people moves and new appointments in the industry, as featured in the 14 July 2011 edition of Post.
Petplan launches new look policy range
Pet insurance provider Petplan has launched a new look policy range designed to stop customers becoming confused over different levels of cover.
Miller announces promotions
Miller Insurance Services has made two promotions in London in support of its continued growth.
Regulatory reform poses risk to financial stability
Regulatory and accounting changes faced by the insurance industry will dramatically alter its investment style, meaning companies will face greater problems raising funds to invest in the real economy, a legal firm has warned.
JLT lands real estate insurance broker deal with RICS
The Royal Institution of Chartered Surveyors have appointed JLT Real Estate Speciality as their real estate insurance broker.
Regulatory reform poses risk to financial stability
Regulatory and accounting changes faced by the insurance industry will dramatically alter its investment style, meaning companies will face greater problems raising funds to invest in the real economy, a legal firm has warned.
Towergate operations director departs
Max Carruthers, operations director at Towergate has departed.
DoT to respond to motor insurance inquiry "shortly"
The Department of Transport's road safety minister has said they will respond to last year’s inquiry on the cost of motor insurance premiums “shortly”.
Insurance News Now – 14 July - Insurers fear £9m fraud unit will prompt further cash calls
Post senior reporter Amy Ellis outlines this week's major general insurance stories which include fears from some industry figures that the insurance industry will be called on to foot the bill for more policing after agreeing to invest £9m over three…
RBSI MD: We are doing 42 months work in 18 to transform claims
Royal Bank of Scotland Insurance's claims managing director Steve Maddock has revealed the true intensity and speed behind its claims transformation programme in an exclusive interview with Post this week.
Keychoice Distribution launched by SSP
Newly-formed Keychoice Distribution has become the face of the SSP and Keychoice brands for its 1000 independent broker customers, offering a single point of access to all of the group’s products and services.
Navigant hires former Accenture executive
Global advisory firm, Navigant has appointed Jason Whyte as a director in its London financial services consulting team which will focus on insurance.
Ironshore enters Australian market
Ironshore has entered the Australian market to provide specialty insurance coverages for large, complex corporate risk.
Bennetts Commercial rebrands
Insurance Broker Bennetts Commercial is rebranding.