Personal
Music mogul recruits expert team for insurance industry ‘game-changer’
A music industry executive who signed rock band The Killers has set his sights on cornering the insurance market by using digital technology to sell and promote personal and commercial products through social media.
€1.7bn Quinn Insurance administration costs is 'shocking', says High Court president
Justice Nicholas Kearnes has described the €1.65bn administration costs for Quinn Insurance as "truly shocking".
Heath Lambert integration costs fail to halt Gallagher growth momentum
Arthur J Gallagher has chalked up a strong first half to the year, despite the continued Heath Lambert integration costing the business $3.3m (£2.1m) in H1 2012 - a $1.5m rise on the same period last year.
IAIS methodology consultation sparks Insurance Europe 'regrets'
Insurance Europe has responded to the consultation by the International Association of Insurance Supervisors on its proposed methodology for identifying global systemically important insurers.
Garwyn oil and gas expert Baillie joins Argent Liability Adjusters
Argent Liability Adjusters has recruited Allan Baillie, Garwyn expert in the onshore and offshore oil and gas sector, to the firm's Glasgow office.
MIB boss slams Arsenal striker for driving without insurance
The Motor Insurers' Bureau has warned drivers without insurance that there is nowhere to hide after Arsenal footballer Nicklas Bendtner was found guilty of the offence.
RSA Ireland teams up with Xactware on home insurance
RSA Insurance Ireland has adopted Xactware's claims management and assignment network, Xactanalysis, for its home insurance supply chain.
Aviva to recognise 'growing trend' by underwriting pet insurance
Aviva will underwrite its own pet insurance from tomorrow, in a move bosses claim recognises a growing trend among the UK's 15 million cat and dog owners.
BGL recruits new Fusion contact centre manager
BGL Group's Fusion Contact Centre Services business has appointed Jane Alexander as contact centre manager.
Court of Appeal general damages clarification fails to appease Apil
The Court of Appeal has handed down a judgment confirming a 10% increase in general damages in most civil cases where judgment is given after 1 April 2013.
FSA clampdown on packaged deals gains support from industry player
Lifestyle Services Group director Andy Morris has hailed the Financial Services Authority's crackdown on packaged bank accounts as "a positive step for the insurance industry".
LV profit stable while GWP rises 6%
LV's general insurance business has reported 6% growth in gross written premium income to £747m (H1 2011: £704m) in the first half of the year.
Motor claims solutions provider signs technology deal with Groupama
Audatex UK has agreed to work in partnership with Groupama Insurances to implement a web-based technology platform designed to improve the company's motor claims processes.
Hiscox UK falters while group profit soars
Hiscox returned an interim pre-tax profit of £125.8m (H1 2011: loss £85.6m), following a more benign catastrophe season compared with the previous 12 months.
Trio jailed after attempting to defraud Havering Council
Three fraudsters who attempted to con Havering Council out of an estimated £100 000 have received combined custodial sentences totalling seven months.
FSA tightens grip on package deals offered by banks
The Financial Services Authority has published new rules today requiring banks and building societies to check whether customers are eligible to claim on insurance cover before selling them a packaged bank account.
Brit CEO vows to target growth while committing to Simply Business
Mark Cloutier has promised to go on the attack by targeting growth in key areas following a business restructure towards global specialty underwriting, which he describes as "99% complete".
EIP extends affinity deal with Royal British Legion subsidiary
Equity Insurance Partnerships has agreed to extend its 10 year-old affinity partnership with Poppy Insure, the trading subsidiary of The Royal British Legion.
RBS denies speculation of affinity split with DLG
The Royal Bank of Scotland has denied suggestions that UK Insurance will be stripped of its position as personal insurance provider for banking customers following the upcoming separation.
Be Wiser targets college leavers following fourth office opening
Independent broker Be Wiser has marked continued growth in the business by opening the firm's fourth office in Andover.
Brit unveils positive 11.5 point COR swing as business takes new direction
The Brit Group has this morning recorded a combined operating ratio of 93.3% for the first six months of 2012 (30 June 2011: 104.8%), having completed a restructure into becoming a focused global specialty underwriter.
Post Claims Club chair's monthly missive: Beach volleyball and insurance sop
On Wednesday this week I received an email from a Claims Club regular I have been in discussion with about speaking at the next meeting.
Cooter departs QBE after helping with Brit integration
QBE has confirmed the departure of Simon Cooter, former Brit director of market management and regional operations, having assisted in the business integration following the April takeover.
Lloyds GI profits fall 30% owing to PPI, pet and weather claims
Lloyds Bank's underlying general insurance profit decreased by 30 per cent to £158m (H1 2011: £226m) in the first half of 2012.