News
ABI reveals stress test concerns
The Association of British Insurers has questioned the Insurance and Occupational Pensions Authority’s decision to schedule a stress test during the implementation of Solvency II.
Lockton opens office in Beijing
The UK Ambassador to China Sebastian Wood lauded the work of international insurance brokers helping China to further develop its insurance markets at the official office opening ceremony of Lockton, which today opened a new branch in Beijing.
European Parliament names Eiopa executive director
Carlos Montalvo has been named executive director of the European Insurance and Occupational Pensions Authority (Eiopa).
European Parliament names Eiopa executive director
Carlos Montalvo has been named executive director of the European Insurance and Occupational Pensions Authority (Eiopa).
Stackhouse Poland breaks through £50m GWP barrier with Plexstar acquisition
Broker Stackhouse Poland has acquired specialist professional indemnity broker Plexstar Insurance Services.
Second Europe-wide stress tests for insurers launched
PWC has commented on the launch of the second Europe-wide stress tests for the insurance sector, by the European Insurance and Occupational Pensions Authority.
Second Europe-wide stress tests for insurers launched
PWC has commented on the launch of the second Europe-wide stress tests for the insurance sector, by the European Insurance and Occupational Pensions Authority.
Axa unveils new legal panel
Insurer Axa has named an eight-strong global panel of legal advisers following a five month tender process.
Abbey Protection posts profit increase
Abbey Protection has reported pre-tax profits of £9.6m for 2010 – a 9% increase on the £8.6m gained in 2009.
APC unveils SME shopkeeper product
Underwriting agency APC has launched a new product aimed at shopkeepers in the SME space.
Sainsbury's and RBSI confirm deal
Sainsbury’s Finance has confirmed that it has signed heads of agreement with Royal Bank of Scotland Insurance with a view to appointing it as its motor insurance provider.
Post blog: not so sweet on a supermarket sweep
This week Esure became the latest insurance group to shrug of the loss of a multi-million pound deal with one of the UK's largest supermarket chains, with a response which might as well have come from Little Britain's Vicky Pollard.
Swiss Re to increase dividend by 175%
The Swiss Re board of directors has proposed the approval of a dividend for 2010 of CHF 2.75 - a 175% increase compared to 2009.
Swiss Re to increase dividend by 175%
The Swiss Re board of directors has proposed the approval of a dividend for 2010 of CHF 2.75 - a 175% increase compared to 2009.
Ageas acquires Castle Cover for £53m
Ageas UK has acquired over 50s specialist Castle Cover in a £52.8m deal. The insurer said that the purchase will increase its customer numbers to around eight million.
Walter hints at new business proposition
Outgoing Insurecom chief executive Phillip Walter has revealed he is in talks with venture capitalists about launching a new business once he exits the firm in May.
Career development & CSR: investment in skills a must after unemployment rises
The Financial Skills Partnership has urged businesses to invest in training and skills to stimulate the economy after youth unemployment rose to a record high.
North of the Border: no fault compensation
On 20 February 2011 the report of the No Fault Compensation Review Group was published. The group, headed by Professor Sheila McLean, has backed a Scottish government plan to reform the system of clinical negligence claims, by introducing a no-fault…
Irish firm looks to acquire UK brokers
UK brokers are attractive acquisition targets for European players now that valuations are "more sensible" according to one Irish broker.
Career development & CSR: BGL backs debt advice
BGL Group has offered financial backing to a newly established debt advice service in Peterborough that has been set up by The Salvation Army.
H&S cuts worry for insurers
Insurers have expressed concern at government plans to cut health & safety inspections.
Application fraud: provider info handover is 'gob-smackingly' bad
There remains a serious issue concerning the "question set mapping challenge" between insurers and aggregators. Indeed, Pinsent Masons head of insurance John Salmon told delegates that, in some cases, it is "gob-smacking how badly this is done".
Application fraud: insurance defence approaches outlined
Martyn Kyle, head of insurance at SAS, outlined a number of potential defence approaches to combating application fraud. These included using the media, screen warnings and capturing suspicious behaviour.
View from the top: a recipe for disaster
Some companies' belief that insurance policies can be sold like loaves of sliced bread makes a difficult situation worse.