News
BVCAIS targets 10% D&O rate reduction
Members of the British Private Equity and Venture Capital Association could benefit from a 10% reduction in premium rates after the launch of BVCA Insurance Services.
SCM talks set for full purchase of Axis
SCM Insurance Services will enter discussions with Axis Claims Pro to consider the purchase of its international arm "within a month".
British Gas hires Hutton
British Gas Insurance has named the chief executive designate it hopes will help the company fulfil its ambition of becoming a top-10 UK player by the end of 2011.
Quinn shortlists sale trio
Three investment banks have been shortlisted by Quinn Insurance to assist with the sale of the business, with a winner to be appointed by the end of the week.
RBSI boss predicts tide turn for affinity
The chief executive of Royal Bank of Scotland Insurance has insisted that the "tide will turn" for its affinity arm.
C&G takes RBSI's Morgan
Congregational & General is to appoint Andrew Morgan as claims manager, working across the home and church divisions of the organisation.
FSA extends PPI referrals
The Financial Services Authority has introduced a temporary rule to allow payment protection insurance policyholders more time to refer complaints to the Financial Ombudsman Service.
CHO chairman named
Ralph Ferguson, the former chairman of the National Association of Credit Hire Operators and Drive Assist claims director, has been appointed as interim chairman at the Credit Hire Organisation.
Millar leaves RBSI claims
Julian Millar, head of specialist claims operations at Royal Bank of Scotland Insurance, has parted ways with the company.
ABI levy 'disappointment'
The Association of British Insurers has revealed its disappointment at the Financial Services Authority's regulatory fees and levies for the next financial year.
New online provider targets 'savvier' customers
A new online insurance provider is aiming to compete with the existing aggregators with an offering aimed at "savvier" customers.
BMS sets growth strategy of doubling in size by 2015
London market broker BMS is set to make a number of acquisitions and team hires as part of plans to double its business by 2015.
Aviva charity pledge
Aviva plans to mark the first anniversary of its rebrand by pledging to donate 1% of its average daily broker generated premium for the month to the Aviva 'Street to School' campaign.
Irish to sell VHI
The Irish government has revealed it is to sell state-owned medical insurer VHI after injecting capital into the firm.
FFDR appoints King
Scottish disaster recovery firm FFDR has appointed Kenny King to head its Aberdeen operation.
HDI-Gerling restructure
HDI-Gerling is to form two new business divisions, major & global risks and UK corporate, together with the creation of a new regional structure.
US giant Gallaghers unveils second UK swoop in months
US broking giant Arthur J Gallagher has announced the acquisition of London-based Risk & Reward Group. Terms of the transaction were not disclosed.
Aon Benfield: Reinsurance capital reaches record rates
Reinsurer capital rose to record $434bn (£295bn) despite the Chilean earthquake and European windstorm Xynthia, the Aon Benfield Renewals Update report has revealed.
Aviva makes charity donation on rebrand anniversary
Aviva has marked the first anniversary of its rebrand by pledging to donate 1% of its average daily broker generated premium for the month to the Aviva Street to School campaign.
Profits dip for Allianz in growth European markets
Allianz in Central and Eastern Europe saw total premiums grow by 8 percent in the first quarter of 2010, reaching Euros 1.1 bn. Operating profit in the first quarter of 2010 amounted to Euros 66m, compared to Euros 78m euros in the same period of 2009.
UK General appoints non-executive director
The Leeds-based specialist general insurer, has announced that Malachy Smith is to join the board of UK General as a non-executive director.
Axa extends deal deadline
Axa Asia Pacific Holdings and National Australia Bank have today agreed to extend until 15 July an agreement relating to the conclusion of a proposed transaction between the parties.
Profits dip for Allianz in growth European markets
Allianz in Central and Eastern Europe saw total premiums grow by 8 percent in the first quarter of 2010, reaching Euros 1.1 bn. Operating profit in the first quarter of 2010 amounted to Euros 66m, compared to Euros 78m euros in the same period of 2009.