News
Biba calls for intermediary split after shock FSCS hike
Insurance brokers have reacted angrily to Financial Services Compensation Scheme proposals to increase their fees to more than £90m for 2011/2012.
Editor's comment: Never mind the setbacks
"There's unlimited supply. And there is no reason why". No, I'm not talking about the overcapacity in the UK motor market, but the opening lines to EMI by the Sex Pistols.
RSA property launch boosts SME ambition
RSA is set to launch a new property product next month as part of wider plans to become a top-five player in the SME sector.
Claims Club news: Extra capacity demands place pressure on loss adjusters
The big freeze over the winter of 2010/2011 is the latest event to raise the issue of how loss adjusters and other service providers find extra capacity to meet insurer and policyholder demands.
Co-op targets 10 000 new pet policies after Allianz deal
The Co-operative Insurance is aiming to sell 10 000 new pet insurance policies, after entering a multi-year deal with underwriter Allianz.
Claims Club news: FOS links lack of speed to training
The Financial Ombudsman has admitted that more works needs to be done to speed up cases to conclusion, once adjudication has been challenged.
Post history - five years ago: Pet Plan slams 'pet theft' reports
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from five years ago reveals.
Insurer refuses to accept ABI's 'nightmare' gender ruling guidance
One of the UK's largest specialist female insurers has scoffed at the Association of British Insurers' suggestion that it could potentially have to re-underwrite its whole book following the European Court of Justice's gender verdict due on 1 March.
Claims Club news: ABI rules out centralised flood response body
The Association of British Insurers is poised to reject the concept of having a centralised response to surge events, which could have seen streets allocated a specific loss adjusting firm to moderate claims.
Relaunch of UK's first Takaful insurer hits the skids
The rescue and relaunch of the UK's first Shariah-compliant insurer Salaam Halal has fallen through over disagreements with its prospective backer, Post has learnt.
Chaucer confirms bid rumours as Terra Firma enters frame
Chaucer has again become the subject of speculation in the market after it was revealed "a number" of potential buyers have made provisional approaches for the firm.
Motor and home claim costs reach £1.4bn after freeze
Total costs for motor and home claims reached £1.4bn between during 24 November to 31 December 2010, as the big freeze swept across the UK, figures released by the Association of British Insurers have revealed.
Markel plays down losses from antipodean disasters
Markel International does not expect its future profits to be badly affected by the New Zealand earthquake and recent Queensland flooding, after previous catastrophe events added six points or $33m (£20.5m) to its 2010 full-year combined ratio.
Career development & CSR: More Than take campaign to Manchester
More Than is to take its road and fire children's safety campaign sponsorship to Manchester.
Career development & CSR: Cable calls for increased focus on apprenticeship schemes
Business secretary Vince Cable and skills minister John Hayes have urged more employers to drive economic growth by creating a new generation of skilled workers, while underlining the government's commitment to increase the budget for apprenticeships to…
Towergate cancels foreign travel plans
A high level of interest from bond investors in London and Edinburgh saw Towergate management cancel travel plans to meet potential investors in Europe and the US last week, and conclude its refinancing arrangement on UK soil.
Post history - 30 years ago: IIA chairman renews stability call
Looking through Post's back catalogue paints a unique picture of mroe than 150 years of insurance news, as this highlight from 30 years ago reveals.
Zurich seeks to reduce fleet claims through deal
Global driver-safety firm Greenroad has signed a deal with Zurich fleet client Iron Mountain to roll out its service across the UK.
US insurers 'irritated' by equivalency scheme
Some US-based insurers find plans to align more closely with their European counterparts under the Solvency II equivalency scheme 'irritating'.
Corporate bond market to "triumph"
Legal & General has advised investors to keep an eye on the corporate bond market in 2011.
Corporate bond market to "triumph"
Legal & General has advised investors to keep an eye on the corporate bond market in 2011.
Banks pledge to lend more to SMEs
The government has welcomed a commitment by the UK's largest banks on lending expectations and capacity.
AIG to strengthen Chartis balance sheet by $4.1bn after loss reserve review
Following completion of its annual comprehensive loss reserve review, AIG said today it expects to record a $4.1bn charge, net of $446m in discount and loss sensitive business premium adjustments, for the fourth quarter of 2010 to strengthen loss…
Purple signs 50th member
The Purple Partnership has reached its 50th member with Sheffield-based Fletcher Smith Insurances.