News
BSU revamp travel policies
BSU has made several improvements to its annual multi-trip and single trip travel insurance products.
NU steps in as plug pulled on RSA/Primary deal
Norwich Union is understood to have taken over from Royal and Sun Alliance as capacity provider to Primary Group in a five year deal.
Aon comments on TK Maxx hacking issue
Following hackers stealing the credit card details of 45 million TK Maxx customers, Aon has commented on the implications and what businesses should be doing to avoid such incidents.
Aon sees reinsurance costs flat-to-falling at 1/6, 1/7
Analysts at giant reinsurance broker Aon Re Global are predicting that reinsurance rates on line for personal lines, standard commercial lines and complex commercial lines are likely to be flat to lower during mid-year 1st June and 1st July renewals of…
London mutual to go live on 2 April
The London Authorities’ Mutual Limited is set to go live on 1 April.
Hill Dickinson fraud bosses move down M62
Law firm Hill Dickinson is moving key members of its fraud and policy team to its expanding Manchester practice.
HBOS GI re-signs Munters deal on claims
Halifax Bank of Scotland General Insurance has extended its damage restoration contract with Munters.
Arag joins Broker2Broker panel
Broker2Broker has chosen Arag Legal Insurance to provide a range of commercial legal expenses products on its system.
Aviva share scheme commended
Ifs ProShare, a not for profit organisation concerned with the issues of employee share ownership and financial education in the workplace, has commented on Aviva group's recent employee share option grant.
Flagstone IPO raises $175.5m
Class of 2005 Bermudian start-up Flagstone Re priced the initial public offering of 13m common shares at a price of $13.50.
PPI provider pleased at regulator stance on refunds
Yesterday's announcement by the Financial Services Authority that consumers will benefit from a series of measures relating to the fairness and transparency of refunds agreed between the FSA and the PPI industry has been warmly welcomed by PPI provider…
Prices to slide in Q3 says report
General insurance prices are likely to soften again in the second part of 2007 according to insurance benchmarking specialist Consumer Intelligence.
Support grows for government to underwrite flood risk
Nearly 80% of property professionals believe the government should underwrite the risk of flooding when housing developments on flood plains prove uninsurable, according to a snapshot survey by Lockton’s real estate and construction division.
Argenta appoints CLB for audit
CLB Littlejohn Frazer has won the tender for the provision of full internal audit services to Argenta Syndicate Management Limited. The partner responsible for the audit is David Roberts who, along with Partner Neil Coulson, heads the internal audit team…
JLT deal over Pavilion approaches completion
Jardine Lloyd Thompson has issued an update on yesterday's bid for niche insurance broker Pavilion.
Groupama joins Castle Cover's home panel
Groupama Insurances has joined the home insurance panel of Castle Cover, the Over 50s broker that launched in July 2006.
Oval launches wide cover for a construction plant-hire policy
Oval Underwriting Agencies, a trading style of Oval Insurance Broking Limited, has relaunched its wholesale product for Construction Plant-hire Association (CPA) members with underwriters QBE and Royal Sun Alliance (RSA). The product is called The CPA…
Revival co revenues up 28%
Restoration specialist the Revival Company, has posted strong growth figures for the year ending 31 March 2007. The company’s total sales for the last 12 months were up 28%, showing annual revenues of £7 million.
Oval in plant hire scheme relaunch with QBE and RSA
Oval Underwriting Agencies, a trading style of Oval Insurance Broking has relaunched its wholesale product for Construction Plant-hire Association (CPA) members with underwriters QBE and Royal Sun Alliance. The product is called The CPA Insurance policy.
SSP and IBM planning May launch for software platform
Software Solutions Partners and IBM are to launch the next generation of insurance company software, SSP insure J on 1 May 2007 at a joint seminar at IBM’s UK headquarters at Bedfont Lakes near Heathrow.
Atrium profits increase threefold, FD steps down
Lloyd's insurer Atrium record pre-tax profits of £44.7m (2005: £10.0m) up 347% during 2006, the company announced today.
Cyber crime threat outgunning defence systems
UK business is becoming increasingly vulnerable to cyber crime, according to Aon’s 2007 Risk Report.
FSA outlines PPI single premium refund measures
Consumers who have bought payment protection insurance with a single premium will benefit from a series of measures relating to the fairness and transparency of refunds agreed between the Financial Services Authority and the PPI industry.
Lloyd's announces £3.7bn profit for 2006
Specialist (re)insurance marketplace Lloyd’s of London has announced a profit of £3,662m ($7.2bn) for 2006.