News
Aviva teams up with SSP
Aviva has joined forces with IT company, SSP, to give 600 extra brokers access to personal lines products.
FSA fires warning letter to brokers
The Financial Services Authority has reminded insurance intermediary firms that they must have adequate financial resources at all times.
Bond Pearce appoints new commercial insurance partner
Richard Dedman will join the firm from Barlow Lyde & Gilbert, where he was Senior Partner.
ABI backs government asbestos plans
The Association of British Insurers has backed Justice Secretary Jack Straw’s package of measures for people with asbestos-related diseases.
PwC appoints Islamic finance head
PricewaterhouseCoopers has appointed Takaful expert Mohammad Khan as its new UK Islamic finance leader.
Towers Watson warns against Solvency II recruitment reliance
Professional services company Towers Watson has warned insurers against on an over-reliance on recruitment if they are to convince the Financial Services Authority they are making progress towards Solvency II compliance.
Towers Watson warns against Solvency II recruitment reliance
Professional services company Towers Watson has warned insurers against on an over-reliance on recruitment if they are to convince the Financial Services Authority they are making progress towards Solvency II compliance.
Ansvar appoints new sales director
Ansvar insurance has appointed Richard Lane into the newly created position of sales director.
Price Forbes Fac brokers leave - sources
Four facultative reinsurance brokers have left Price Forbes amid rumours that it is closing its facultative reinsurance broking team, Reinsurance has learned.
Thompsons' mixed reaction to government's asbestos decision
Thompsons Solicitors has expressed disappointment at the decision not to restore compensation for people with pleural plaques in England & Wales.
Allianz GI arm reports a drop in 28% drop in operating profit
The two biggest drivers were a decline of 0.6bn euros in operating investment income and an underwriting result which was down 0.7 bn euros.
Allianz GI arm reports a drop in 28% drop in operating profit
The two biggest drivers were a decline of 0.6bn euros in operating investment income and an underwriting result which was down 0.7 bn euros.
Chartis forms captive practice group
Chartis UK has established a captive practice group to assist clients in dealing with current issues in the captive environment.
Union rejects pleural plaques compensation decision
Justice Secretary Jack Straw has confirmed that the government would only compensate (through an ex-gratia payment of £5000) people with pleural plaques in England and Wales who had lodged a legal case prior to a Law Lords decision in 2007 to bar…
Asbestos bill reaches Lords committee stage
Baroness Quin’s private members Asbestos Bill – calling for the reinstatement of damages for asbestos-related pleural plaques – will reach the committee stage at the House of Lords next month.
Complaints against insurers revealed
Lloyds TSB Bank received more complaints relating to general insurance than any other financial services company in the second half 2009.
Compare expands to meet demand
Compare the market has expanded with three new appointments, director of insurance partners, director of money and senior manager for life and general insurance.
Lockton warns companies over “new wave” of hackers
Insurance broker Lockton has urged corporate risk managers to take precautions with information systems to protect against a “new wave” of hacker attacks.
IAG UK profit cut on back of reserve strengthening
The UK business recorded a $24m insurance profit on A$406m of gross written premium for the six months ended 31 December 2009.
Towergate companies sign £10m deal
Open GI, has signed a £10m contract with Power Place to develop new electronic products on the Open Trader platform.
Capita turnover increases 10%
Capita has reported an increase in turnover of 10% to £2.69bn (2008: £2.44bn). Underlying profit rose by 11% to £357.7m (2008: £320.9m) and underlying profit before taxation increased by 17% to £325.1m (2008: £277.2m).
The Royal Hospital Haslar added to CBG portfolio
CBG Group has been appointed to provide a programme of insurance for The Royal Hospital Haslar.
RBSI profits slump by over £500m to £58m in 2009
CEO Paul Geddes described 2009 as "exceptionally challenging"
RSA bullish despite 10% fall in operating profit
CEO Andy Haste hails progress in emerging markets and international arms.