News
John Lewis to ditch Greenbee in rebrand
Department store John Lewis is targeting "rapid growth" in the insurance market, after unveiling plans to rebrand its offering.
Fraud deterrent staff need to be given incentives
Employees tasked with the prevention and deterrence of fraud should be given incentives alongside their detection counterparts, if insurers are to develop a fully coherent and effective counter-fraud strategy.
BIS 2010: M&A activity predicted to increase as Solvency II takes hold
Pressures arising from compliance with Solvency II may instigate a wave of M&A activity, a panel of leading industry figures has predicted.
Flood progress relies on government spending
The success of last week's flood management summit will depend on whether the government's axe falls on flood defence in its October spending review.
Start-up taps into insurer PI claim fears
A new legal process outsourcing firm is in trials with "a number" of insurers and brokers to capture third-party personal injury claims.
European super regulator rules passed
Rules passed today which create three new European Supervisory Authorities and a European Systemic Risk Board keep national regulators at the fore whilst ensuring a common rule book to prevent future economic crises, Kay Swinburne MEP, European…
European super regulator rules passed
Rules passed today which create three new European Supervisory Authorities and a European Systemic Risk Board keep national regulators at the fore whilst ensuring a common rule book to prevent future economic crises, Kay Swinburne MEP, European…
New CILA chief to take up code challenge
The new president of the Chartered Institute of Loss Adjusters has vowed to publish a new code of conduct before the end of the year.
Heath Lambert opts for Santander in refinancing
Heath Lambert has agreed a refinancing deal with Santander, securing a new bank facility worth £24m.
BIS 2010: Aviva CRO highlights Hodges role in promoting risk management
Aviva UK chief executive officer Mark Hodges made improving the firm’s risk management a top priority after taking up the role, according to the insurer’s group chief risk officer Robin Spencer.
Groupama contract boosts Nationwide H1 results
Nationwide Accident Repair Service has reported a 9% increase in turnover for the first half of the financial year – aided by a significant new contract with insurer Groupama.
BIS 2010: Towergate's Blanc underlines issues faced by IPO market
Towergate deputy group chief executive Amanda Blanc has highlighted the difficulties companies are facing launching IPOs in the current financial market.
BIS 2010: Baugh claims UK insurance industry lacks cohesive voice
The UK insurance industry may fail to get its voice heard at home and on an international stage because it is too “fractured”.
Lancashire Insurance Company appoints head of underwriting
Lancashire Insurance Company Limited, the Bermuda operating subsidiary of Lancashire Holdings Limited, has announced the appointment of Simon Fascione to the position of head of underwriting reporting to Charles Mathias the chief underwriting officer.
Paymentshield & Towergate Home & Protect sign 3 year deal with PMS
Paymentshield and Towergate Home & Protect have been appointed to PMS’ preferred panel of general insurance providers.
Standard & Poor’s withdraws rating for Swedish insurer
Swedish non-life insurer Moderna has had its Standard & Poor’s long-term financial strength A rating withdrawn after its assets were transferred to another insurer.
Emerging markets crucial to JLT growth
Insurance broker Jardine Lloyd Thompson’s presence in emerging markets will be key to its long term growth, independent financial advisory firm Collins Stewart has revealed.
Moorhouse recruits 10 to launch Moorlife
Welsh broker Moorhouse has launched Moorlife to provide its general insurance clients with easy access to life insurance products.
NMJ acquisition moves to Open GI
NMJ Insurance Brokers, has selected Open GI as the IT partner of choice for their most recent acquisition.
Airline insurance rates rise 7%
Confidence is returning to the airline industry with airlines predicting a 13% increase in passenger numbers in 2011, according to Aon.
"Stand out" Admiral has room to grow
Jefferies has downgraded its recommendations for Admiral from 'Buy' to 'Hold'.
Heath Lambert refinances with Santander
Heath Lambert has struck a new refinancing deal with Santander Bank, securing a £24m bank facility.
Standard & Poor’s withdraws rating for Swedish insurer
Swedish non-life insurer Moderna has had its Standard & Poor’s long-term financial strength A rating withdrawn after its assets were transferred to another insurer.
Fitch places Brit on Rating Watch Negative
Fitch Ratings has placed Brit Insurance's Insurer Financial Strength rating of 'A' on Rating Watch Negative.