News
Lloyds Banking Group fined £4.3m for delayed PPI payments
The Financial Services Authority has fined three Lloyds Banking Group firms £4 315 000 after failings in their systems delayed the payment of mis-sold payment protection insurance to up to 140 000 customers.
Besso poaches aviation head from Gibbs Hartley Cooper
Independent Lloyd’s broker Besso Insurance Group has appointed Richard West as its head of aviation.
Aviva to sell Turkish unit say market sources
British insurer Aviva has tasked Barclays with selling its Turkish unit Aviva Sigorta, according to Reuters.
Marsh strengthens UK networks operations
Marsh has announced three appointments in the insurance placement team of its UK networks, which focuses on developing products and services for members of its networks.
Hood Group aims to shake up affinity market with new launch
The Hood Group has launched an insurance platform, Protect My World, offering white label home insurance as a part of the group’s affinity solution.
CCW launches dedicated HK website
Hong Kong-based broker Cooper, Claridge-Ware, has launched of a dedicated Hong Kong insurance website in order to better serve the insurance needs of the HKSAR Market.
Ambridge: Use of transactional cover set to surge
The number of transactional insurance policies could increase by as much as 25% during 2013, underwriter Ambridge has claimed.
Axa recruits Bupa HR boss
Bupa's former human resources director has joined Axa Insurance to take on the same role within its direct & partnerships business.
Besso recruits aviation boss from Gibbs Hartley Cooper
Independent broker Besso has swooped for a new head of aviation from Gibbs Hartley Cooper.
Co-op criticises subrogated model
Co-operative Insurance Services has criticised the subrogated claims model used by RSA, despite having a bilateral agreement with the insurer in place since last July (www.postonline.co.uk/2188179).
Buckley Scott launches fixed-fee, fast-track service
Loss adjuster Buckley Scott has unveiled a new plan designed to tackle challenges for EL and PL claims introduced by the incoming civil justice reforms.
Citroen becomes first car manufacturer to fit 'black box' technology as standard
Citroen has become the first car manufacturer to fit telematics technology as standard in a bid to make new car ownership “more affordable” for young drivers.
Covéa looks to extend commercial lines growth following schemes hire
Covéa Insurance has appointed former Hiscox regional manager Bill Guiney as schemes account manager.
SSL unveils cost cutting plans for third party collision claims
Specialist loss adjuster SSL Claims has launched a new service to adjust third-party motor collision claims.
Hiscox launches private client offering
Hiscox has launched a new private client agency, which will operate as a wholly-owned tied agency offering the insurer’s products.
More than 'token gesture' required for mis-selling insurers, claims Biba
The British Insurance Brokers’ Association has responded to the latest Financial Services Authority’s funding consultation by calling for insurers to be re-introduced to cross subsidies in more than a token way in the Financial Services Compensation…
Midas launches non-standard personal motor products
Midas Underwriting has lifted the curtain on two new non-standard personal motor products aimed as performance cars and classic sports cars.
Markel Germany hires Aon credit manager
Markel International has hired trade credit specialist Frank Burghardt.
Axa Assistance and the Co-operative strike motor breakdown deal
Axa Assistance and the Co-operative Insurance have signed a new deal extending their motor breakdown and accident assistance scheme, on their 25th trading anniversary.
Marsh restructures to better serve large corporates
Marsh said today that plans to merge several business units “to further focus on meeting the evolving needs of its largest clients worldwide”.
Claims Awards 2013: Do not miss out, start your entry today
There is just under two weeks to go until the deadline for the 2013 Claims Awards (Friday 1 March), so do not waste any time if you want to be considered for these prestigious accolades.
Clements grows European footprint with Italsure acquisition
Insurance service provider Clements Worldwide has acquired UK-based expat insurer Italsure.
Crash for cash killers to serve 32-year jail-term as "stark warning"
The legal team appointed by the insurer of a female motorist who became the UK’s first crash for cash fatality is hopeful that the lengthy custodial sentence handed down to those responsible will serve as a “stark warning”.
AIG acquires remaining stake in Israeli JV
American International Group has reached an agreement with Aurec Gold Investments to acquire the remaining 49.99% interest in AIG Israel Insurance Company.