News
E-business: Free insurance idea floated by Dual Corporate Risks boss
Giving away insurance for free and generating income through other products could prove a savvy move for insurers in the future, argued Tim Grant, head of e-business at Dual Corporate Risks.
Towergate shakes up team after Heath Lambert coup
Towergate has rearranged its Scottish management team, after the broker attracted Heath Lambert's former regional head of commercial Mark Webster and his team.
Career development & CSR: management tips for the top — part one
As the chief executive of an expert management body, I’m regularly asked what my top tips for being a great manager are. It’s a trickier question to answer than you might think.
E-business: Customer reviews to play bigger retail role
The insurance industry must prepare for the growing influence of customer reviews in the retail market having a knock-on effect in insurance.
Litigation fears in wake of NZ quake
The New Zealand earthquakes in September 2010 and February 2011 have left some brokers and insurers at risk of litigation, the chief executive of Cunningham Lindsey's New Zealand operation has warned.
Career development & CSR: Open GI clinics given CPD nod by CII for a fourth time
Open GI's product clinics have been accredited by the Chartered Insurance Institute for the fourth year running.
Death knell for ATE insurance as jackson recommendations accepted
The government's decision to implement the Jackson reforms has sounded the death knell for after-the-event insurance, legal expenses insurers have admitted.
SPB reports revenue of €77.4m
Recent corporate acquisitions have boosted net revenue at SPB Group in 2010 to €77.4m.
Blanc: Axa will open new branches if brokers want them
Axa Commercial Lines CEO Amanda Blanc has exclusively revealed the firm may open new branches as it seeks to “fill in gaps” in its UK regional network.
SPB reports revenue of €77.4m
Recent corporate acquisitions have boosted net revenue at SPB Group in 2010 to €77.4m.
Aston Scott extends partnership with Broker Assistance
National broker Aston Scott and motor claims specialist Broker Assistance have agreed an extended partnership programme to provide claims handling service, for Aston Scott’s motor client portfolio.
Ex-Power Place boss joins Axa as 114 made redundant
The former Power Place chief executive Matthew Reed has been reunited with his former boss, Amanda Blanc, after being appointed managing director of intermediary and direct at Axa Commercial, at the same time as 114 staff members are made redundant.
FSCS reduces annual levy by £23m
The Financial Services Compensation Scheme has confirmed its proposed levy for 2011/12 at £217m.
Direct Debit key to retaining female customers following equality ruling
Insurance companies should turn to Direct Debit to retain existing female policy holders and attract new ones, according to Bacs Payment Schemes.
Fitch downgrades outlook for Italian insurer
Ratings agency Fitch has revised its outlook for Italian insurance firm Societa Reale Mutua di Assicurazioni from stable to negative.
Aggregators join ABI and Biba in fraud fight - Insurance News Now – 7 April 2011
Post reporter Amy Ellis outlines this week's major general insurance stories including how aggregators have teamed up with the Association of British Insurers and the British Insurance Brokers’ Association in a bid to fight fraud.
First Russian coverholder partnership launched
Chaucer Syndicates and RFIB have partnered with Moscow-based Nakhodka Re to launch Sea Line – the first Lloyd’s coverholder in Russia.
Fitch downgrades outlook for Italian insurer
Ratings agency Fitch has revised its outlook for Italian insurance firm Societa Reale Mutua di Assicurazioni from stable to negative.
Hardy outlines £12m Japan tsunami exposure
In a statement to the London Stock Exchange, Hardy Underwriting Bermuda Limited has issued its guidance on the Japan earthquake-tsunami in March.
Accenture extends RSA partnership
Accenture has extended its contract to provide RSA UK with insurance business process outsourcing services for four more years.
Aggregators join ABI and Biba in fraud fight - Insurance News Now – 7 April 2011
Post reporter Amy Ellis outlines this week's major general insurance stories including how aggregators have teamed up with the Association of British Insurers and the British Insurance Brokers’ Association in a bid to fight fraud.
First Russian coverholder partnership launched
Chaucer Syndicates and RFIB have partnered with Moscow-based Nakhodka Re to launch Sea Line – the first Lloyd’s coverholder in Russia.
Transatlantic Holdings cat costs reach $355m
Transatlantic Holdings has updated its preliminary estimate of first quarter catastrophe costs to include the Tohoku earthquake in Japan.
MoJ mediation plans “music to insurers’ ears”
Ministry of Justice plans to promote a wider use of mediation is “music to the ears” of insurers and claimants, Inter Resolve has claimed.