Personal
ABI throws weight behind industry partnership with the FCA
The Association of British Insurers renewed its support today for the insurance industry working in partnership with the incoming Financial Conduct Authority to ensure that regulation delivers for consumers.
Swiftcover posts £13m loss but GWP rises
Swiftcover Insurance Services found itself in the red in 2011 after posting a loss on ordinary activities before interest and taxation of £13.4m for the year ended 31 December 2011 compared with a profit of £932 000 in 2010.
RSA pulls out of mid-market motor trade citing 'tough' market conditions
RSA has confirmed plans to exit the UK mid-market motor trade business by scrapping its Excelerator brand and selling off retail and wholesale intermediary business Fyfe Group.
QBE sells Macedonia shareholding to Vienna Insurance
QBE has reached agreement with Vienna Insurance to sell its 65% shareholding in QBE Macedonia for an undisclosed sum.
Hastings to create 200 jobs
Hastings has unveiled plans to create 200 new posts in the next 12 months.
Insurers and claimant bodies committed to portal extension, says chairman
RTA Portal Co chairman Tim Wallis has responded to insurers' concerns that the claimant community is "dragging their feet" over extending the portal to include employers' liability claims, stating that both sides remain committed to the April 2013…
LV unveils home insurance offering for BGL
LV Broker has rolled out its ABC home insurance product to BGL Group's Budget and Dial Direct customers.
DLG private equity bids still possible, says analyst
Analysts believe there is still a "good chance" that a private equity bid for Direct Line Group may emerge, despite RBS this morning stating its intention to float.
Questgates opens Belfast base
Specialist loss adjuster Questgates has established a new office in Belfast and has made a string of Merlin Claims hires.
Ageas wins John Lewis account from Axa
Ageas has extended its partnership with John Lewis to provide the department store's customers with travel insurance.
Brightside pockets £30m profit while online home policy sales plunge 74%
Insurance broker Brightside has reported a 10% jump in revenue to £43.6m for the six months ended June 2012, and a reduction in external debt of £15m.
Former Prudential director joins Direct Line
Priscilla Vacassin has been appointed as a non-executive director of Direct Line Group.
DLG confirms intention to float
Direct Line Group has issued a statement confirming its intention to proceed with an initial public offering.
Davies raids Merlin Claims
Davies Group has appointed two former Merlin Claims employees as business development managers.
Elite wins Northampton Saints sponsorship deal
Legal expenses insurance provider Elite has won a three-year sponsorship deal with Northampton Saints to become a long-term sponsor of the premiership Rugby Club.
IFED head blames rise in insurance fraud on "greed" not recession
The senior policeman who runs the Insurance Fraud Enforcement Department believes that "greed" rather than the economic downturn is the main contributory factor to a rise in insurance fraud.
Quinn Insurance administrators could take legal action against directors
Quinn Insurance administrators could take legal action against the company's former directors for alleged reckless trading.
Charles Taylor adjuster joins Axis in Mexico
Axis International Loss Adjusters and Surveyors has continued to expand its ex-pat team in Mexico by appointing Dax Stuart-Cox, pictured, as senior insurance and reinsurance loss adjuster.
Talanx pulls out of IPO
German insurer Talanx AG is to cancel its initial public offering after investor feedback on the company's valuation "deviated significantly" from analyst estimates.
ABI launches Insurance Fraud Register
The Insurance Fraud Register launched today after two years of trials and talks between the Association of British Insurers, its members and the Information Commissioner.
UK riots: Reading the riot act
The out-dated Riot Damages Act, policyholder confusion and poor communication led to some heavy criticism of the industry's handling of last year's riots - but what has been learnt and what still needs to change?
ABI concedes two-year delay in mesothelioma payments 'not ideal'
The Association of British Insurers' head of motor and liability, James Dalton, has defended a new scheme to provide compensation to workers exposed to asbestos who are unable to trace a liable employer or insurer.
Defendants face stiff challenge on subrogation inflation argument
The recent verdict in RSA's high-profile subrogation case could pose challenges for insurers wishing to dispute increased pricing on motor claims in court, according to Temple Garden Chambers barrister Aidan Ellis.