News
Novae profits fall in first half
Underlying profit before tax at the newly re-named Novae group fell in the first half of 2006, the company's interim report said today. In its statement to the stock exchange, the firm said excluding professional costs incurred in the scheme of…
Highway appoints Equity manager
Motor insurer Highway has appointed Terri-Ann McKenna to a newly created role as underwriting development manager. Ms McKenna was previously manager in the products and pricing division of Equity Insurance.
Boleat to reveal new claims regime tomorrow
The government will announce further details of the regulatory regime for claims management companies tomorrow. Mark Boleat, head of claims management regulation at the Department of Constitutional Affairs, told Post Magazine's Claims Club today that a …
Axa extends major affinity deal
Axa extended its existing partnership for the provision of travel insurance with travel company TUI until 2009. Axa and TUI, the parent company of leading brands such as Thomson and Crystal have been in partnership since 2002.
Flu is focus of government and Bank of England six week exercise
Management of a flu pandemic will be the focus of this years tripartite market wide business continuity exercise which runs from 13 October to 24 November. Over 60 organisations from the sector have been invited to participate in the exercise which is…
Quinn Direct gets a rating
Quinn Direct Insurance has been assigned a rating by Moody's Investors Service.
NU to cut 4000 staff
Aviva has announced plans to reduce its headcount in its UK business - impacting both its general and life business - by 4000 over the next two years under plans to deliver annual cost savings of £250m in 2008 at a cost of £250m the end of 2007. It will…
Insurers fail to keep female execs, despite wage rises
Women in the insurance sector are more likely to resign than their male counterparts despite receivi...
IFS to host free crime seminar
The Institute of Financial Services' School of Finance is running a breakfast seminar called Bank Ma...
Insurer launches programme for future leaders
Allianz Cornhill is launching a development programme for managers who have the potential to progres...
Ask the Expert
Q: I get incredibly nervous before interviews and I know this shows in my demeanour. Is it possible ...
New service for Tropical Storm Risk
London Market News
Loss adjuster secures motor outsourcing deal
Crawford and Company has signed up UK AIM-listed claims services firm Aquilo to provide accident man...
Olympic Delivery Authority to announce partner
The Olympic Delivery Authority is set to announce the broker that will become its insurance partner ...
FSA plays by the book to reinforce TCF message
Not a single one of the 174,000 customers who were treated 'unfairly' by The Carphone Warehouse made...
Equity acquisition
Equity has acquired the general book of Newport broker Foster Insurance Services. Reg Foster, who ra...
Thomas Cook rules out launching insurance products
Travel specialist Thomas Cook has not ruled out launching insurance products as part of its joint fi...
Rise in premiums at Chaucer
Gross written premiums at Chaucer insurance rose in the first half of 2006 by 26% to £331.8m, with n...
Lloyd's seven ready to go
London Market News
MIB campaign tackles compliance
The Motor Insurers' Bureau has initiated a marketing campaign to encourage brokers to comply with to...
Ex-Catlin managers in SME launch
The founders of Catlin's Scottish operation have joined forces to launch a new underwriting start-up...
Hiscox confirms move
Hiscox has confirmed it will move its domicile to Bermuda. The insurer stated its aim when launching...
Kynixa announces partnership
Rehabilitation firm Kynixa has announced a partnership with Proactive Prosthetics as part of an init...
VC seeks consolidator bids for top 50 broker
Open and Direct is being touted to broking consolidators, with Equity among the early front-runners ...