News
Zurich Municipal launches best practice fraud guide
Zurich Municipal, the provider of insurance and risk management to the public services, has launched a best practice guide designed to reduce the number of fraudulent claims made against Housing Associations and Local Authorities. The guide demonstrates…
Fortis begins roll-out of commercial offering
Fortis Insurance has begun the phased roll-out of its recently launched new small commercial vehicle product, Van Guard.Fortis said the launch supported its strategy to widen its motor offering while strengthening its commercial portfolio across the…
QBE acquires British Marine
QBE Insurance Group has signed an agreement to acquire the specialist marine insurer, British Marine Holdings.The acquisition is subject to regulatory approvals with completion expected to be before 31 December 2005.
Compliance.co.uk acquires Compliance Consultants
Compliance.co.uk, the compliance consultancy group, has expanded with the purchase of Compliance Consultants.
Apil worried by PI plight
A survey that the number of lawyers who believe they will continue to work in the personal injury field in five years’ time has fallen by 9% since 2001.But it also found that 70% of lawyers believe they will still be practising in five years time.
Heath Lambert National opens East Midlands office
Heath Lambert National has announced the opening of a new East Midlands commercial operation.
Bupa calls for premium cuts
Bupa is pledging to make private medical insurance more affordable and attractive by stemming the rise in premium increases and demonstrating the advantages for customers.
IPC expects to take $350m-$600m Katrina hit to earnings
IPC Holdings has announced that it anticipates the net impact of Hurricane Katrina losses on net income in the third quarter to be in the range of $350 million to $600 million.
Rita loss estimates unveiled
AIR Worldwide Corporation has estimated that Hurricane Rita will result in insured losses between $2.5bn and $5bn, far lower than the bill from Hurricane Katrina.
DUAL opens new Manchester office
The UK underwriting agency DUAL Corporate Risks has launched it new regional office in Manchester today.
DAS suspensions: ratings decision
Standard & Poor's said today that its ratings and outlook for legal expenses insurance underwriter DAS Legal Expenses is not affected despite the suspension of several members of the senior management team, as reported by Post Magazine this week.
Ecclesiastical appoints new chief claims manager
Specialist insurer Ecclesiastical has appointed David Bonehill as Chief Claims Manager. Previously he was Chubb Insurance's UK and Ireland property claims manager.
Groupama signs £14m deal with Premier Underwriting
Groupama Insurances has completed negotiations on a new scheme arrangement that is expected to produce approximately £14 million of new premium income over the next two years. The new deal, with niche intermediary Premier Underwriting concerns the…
Broking becoming 'distinct profession' within insurance
The Faculty of Insurance Broking is raising levels of performance among insurance brokers and helping distinguish them from other intermediaries. By pursuing technical excellence and the highest standards of ethical practice, it is creating a distinct…
Insurance industry calls for ‘change of culture’
Insurance professionals are keen to undertake sweeping reforms to the way they do business in order to improve their standing with consumers and ensure they achieve compliance with the FSA’s regulatory regime.
FSA announces review of general insurance regulation
The Financial Services Authority (FSA) has announced it will conduct a review of the effectiveness of its general insurance regulatory regime.
RMS model shows increased risk of extreme terrorism losses in US
Risk Management Solutions (RMS) has released their fourth annual U.S. Terrorism Risk Model, which incorporates the latest expert views of terrorism risk.
NAIC assists Marsh settlement
More than 30 state insurance regulators in the US, working collaboratively through the National Association of Insurance Commissioners, (NAIC) have announced a multi-state regulatory settlement with the nation’s largest insurance broker, Marsh & McLennan…
CII conference: Scase alerts UK companies to impact of 'dramatic' global upheavals
UK companies face annihilation if they fail to adapt to dramatic upheavals in the global economic market. A revolution in consumer trends and a severe skills shortage threaten to deepen the crisis even further.
A.M. Best lists insurers vulnerable to Hurricane Rita
A.M. Best has begun to assess the potential financial impact Hurricane Rita may have on the general insurance and reinsurance industry.
NU Healthcare partners with Personal Touch
Norwich Union Healthcare (NUHC), as part of a restructure of its direct sales force, has announced a strategic arrangement with Personal Touch Financial Services (PTFS).
MMA expands small business product
Broker only insurer MMA Insurance has added a number of new trades and enhanced the cover available under its successful small business liability product, now called Master Tradesman Plus.
Alea shares plunge on AM Best downgrade. Sale still being considered
AM Best has joined Standard and Poors in downgrading Alea. Its shares dropped 8.5 per cent on the news to 130 pence.
Foster suggests multi-year policy route
Multi-year insurance products could present a way for the industry to protect customers from the effect of wild swings in premiums at different stages of the insurance cycle, a leading broker argued today.