News
Third Parties Bill gets royal assent
The legislation governing the relationship between insurers and claimants is to be amended after the Third Parties (Rights Against Insurers) Bill was given royal assent.
Editor's comment: What next for Quinn?
Tuesday saw a flurry of activity following the news that the High Court in Ireland had appointed provisional administrators to Quinn Insurance, on an application by the Financial Regulator.
GI market to suffer
The UK general insurance market is likely to suffer from a decrease in investment returns and greater claims inflation in 2010, according to Pricewaterhouse Coopers.
Go Compare ad star to feature on world cup song
The moustachioed star of the Go Compare adverts has been asked to sing on the official England world cup song.
TBS signs up Hubbard for non-exec role
Total Broker Solutions has become the latest company to appoint former Axa Insurance chief executive Peter Hubbard to a non-executive role.
UK General in talks to add to Fortis MGA capacity
UK General is actively seeking new capacity following its recent split with Aviva.
Co-op to address European mutual conference
Europe’s mutual and cooperative insurers will hold their second biennial Congress, in Genoa, Italy, from 24 to 26 May 2010, on the theme “mutuality today: sustainable values” at the invitation of Italian members, Reale Mutua, Itas and Unipol.
Invicta buys Lowe
Invicta Insurance Services has acquired Kent-based Lowe Insurance in its second acquisition in two weeks.
Axa boss hits back at Accident Exchange
Axa Insurance claims managing director David Williams has hit back at credit hire operator Accident Exchange, after being revealed as the insurer with the most exposure to Autofocus evidence.
Earle joins GAB to strengthen casualty
GAB Robins has strengthened its burgeoning casualty department with the appointment of former Teceris technical director Richard Earle as a senior casualty adjuster.
MIB chief: warning over extra ELTO costs
Motor Insurers' Bureau chief executive Ashton West has warned insurers that they face "significant" extra costs as a result of an agreement with the Association of British Insurers to jointly build an Employers' Liability Tracing Office.
Capita poised to grow personal lines with broker bid
Capita Insurance Services is poised to add to its growing stock of personal lines business, with Cambridgeshire-based broker Sureterm Direct a target for the firm, Post has learnt.
Market awaits Quinn fallout
Brokers, trade bodies and insureds in the UK and Ireland were seeking further clarification as to the true financial situation at Quinn's insurance businesses as Post went to press, amid mounting speculation that intermediaries are already seeking to…
Miller hails Katkhuda capture
Broker Miller has recruited Sebastian Katkhuda to work on global programme strategy, placement and servicing for major corporate clients within the UK and Europe.
Biba cautious over FSCS announcement
Chief executive Eric Galbraith calls for compensation funding model to be addressed.
Zurich names CEO's successor
Zurich Financial Services has appointed Cecilia Reyes as chief investment officer and member of the group executive committee, effective 1 April 2010, reporting directly to chief executive officer Martin Senn.
Towergate Underwriting strikes liability deal with QBE and Novae
Towergate Underwriting Liability and Construction has launched a new special risks liability facility backed by insurers QBE and Novae.
AJ Gallagher swoops for two Lockton brokers - sources
Garry Taylor and Dave Cousar are set to join growing acquisitive broker AJ Gallagher, Reinsurance sources have said.
FSCS rules out interim broker levy for 2009/10
The Financial Services Compensation Scheme has ruled out a multi-million pound interim levy on insurance intermediaries this financial year in favour of introducing a £61m levy in 2010/11.
Zurich names CEO's successor
Zurich Financial Services has appointed Cecilia Reyes as chief investment officer and member of the group executive committee, effective 1 April 2010, reporting directly to chief executive officer Martin Senn.
Mondial Assistance names regional Benelux boss
Mondial Assistance has named current director for Northern Europe, Middle East and Africa Mike Webb as its head of the Benelux region.
Mutual outlines plans to move into the broker market
Benenden Healthcare Society, a mutual that provides healthcare to public sector workers and co-operatives such as John Lewis, plans to sell its low-cost policies via intermediaries for the first time as it aims to increase its share of the market.
Cooper Gay staff to get no bonuses in 2010
The UK broker will not issue its staff with bonus payments this year, Reinsurance has learned.
Mondial Assistance names regional Benelux boss
Mondial Assistance has named current director for Northern Europe, Middle East and Africa Mike Webb as its head of the Benelux region.