News
Election set for 6 May
Prime Minister Gordon Brown is preparing to announce that the UK general election will be held - as widely predicted - on 6 May.
US mine explosion claims 25 lives
An explosion in a mine in West Virginia has killed at least 25 people, various news agencies have reported.
US property and casualty coverages dip
The composite rate for property and casualty coverages in the US was down 4% for March this year according to MarketScout. It said the composite rates for February 2009 and 2010 were down 8% and 5% respectively.
Cash for crash ring brought to justice
Following a detailed fraud investigation by Merseyside police's crime operations unit, 25 defendants have received sentences ranging from imprisonment to community orders.
Southern California impacted by quake
The strong earthquake which hit the Baja California in Mexico on Easter Sunday also shook parts of Southern California, US modelling agency RMS has reported.
Sean Quinn boss discusses insurance arm's future with Government agency
The CEO of Enterprise Ireland, Frank Ryan, has said the agency met Seán Quinn and the Quinn Group management team to discuss teh future of Quinn Insurance.
Biba Countdown 2010: The Claims Perspective
The Biba conference is well known as a gathering place for UK insurers to court brokers. But what of those associated with claims? Post asked the bosses of a number of these firms what their hopes are for this year's event, continuing with George Bentley…
Biba Countdown 2010: the London Market View
With this year's Biba conference being held in the capital, Post thought it appropriate to ask a number of companies traditionally more associated with the London market why they are exhibiting and what they hope to get out of the event. This week we…
HSBC deal is completed
Marsh completed its previously agreed acquisition of HSBC Insurance Brokers, a wholly owned subsidiary of HSBC Bank, in the UK and other key markets in Asia and the Middle East on 1 April.
Merger activity on the up
Insurance accountancy firm Moore Stephens has credited the banking sector for the resurgence of merger and acquisition activity among insurance intermediaries.
Giles poised to acquire Cooper Gay division
Giles Insurance Brokers is set to acquire Cooper Gay's UK wholesale broking division, FSJ Broking.
Willis adds new brokers
Six brokers have become new members of Willis Networks bringing the networks' combined membership to 106 firms.
Pet cover goes green
The Green Insurance Company is to expand its personal lines portfolio with a range of environmentally conscious pet insurance products.
Marsh's new online tool
Marsh has launched a new web-based service that gives global clients hands-on tools to monitor and analyse the financial health of the insurance companies on their insurance programmes as well as those under consideration.
New worker demand down overall, but up in GI sector claims report
Demand from UK employers for new workers fell back overall in March, according to the Reed Job Index published today.
GI industry braces for battle with Ceiops
The Committee of European Insurance and Occupational Supervisors has been urged to lower its solvency capital requirement standard formula following the opening of the pre-application process for internal models.
Earthquake hits Baja
A magnitude 7.2 earthquake occurred in Baja California, Mexico on 4 April.
MPPI product launched
Unemployment, accident and sickness specialist British Insurance has launched its first direct mortgage payment protection insurance product.
Bosses back Tory NI pledge
Axa UK group chief executive Nicolas Moreau and his Jardine Lloyd Thompson counterpart Dominic Burke were among 23 UK business leaders who publicly backed the Conservative party's pledge on National Insurance.
E-certificates put on a par with paper
The insurance industry has welcomed the introduction of regulation giving electronic motor insurance policies legal parity with paper policies.
Warning over 15-day rule
Robertson & Co has warned insurers against taking their eye off fraud as they try to fulfil claims within the 15-day timeframe set out under new Ministry of Justice rules on road traffic accident claims.
Torus enters financial lines
Torus UK has entered the financial lines marketplace in London through underwriting agency Torus Executive Risks.
FSA needs transparency
The Financial Services Authority should be more transparent about how fines on firms are set, law firm Reynolds Porter Chamberlain has said.
Fraud gang sentenced
Following a detailed insurance fraud investigation by Merseyside police's crime operations unit, 25 defendants have received sentences ranging from imprisonment to community orders.