Personal
Zurich to put in new controls after being found in breach over data loss
Zurich Insurance has agreed to improve information security after losing over 46 000 individuals’ personal financial information.
Defaqto: 8% of policies not offering car replacement cover
Almost one in ten car insurance policies do not over new car replacement cover, research from Defaqto has shown
Abbey looking forward to 2010 "with confidence" after £8.7m profit
Abbey Protection saw a 6% growth in pre-tax profits to £8.7m in 2009, on revenue (before investment income) up 15% to £32.5m.
One Answer Network teams up with Selfnet
One Answer Network has teamed up with Selfnet to offer its members a Selfsure product designed to simplify the insurance buying process for both brokers and customers.
CBG chair steps down as revenue and profits dip
Broking group CBG Group saw revenue drop to £8.96m (2008: £11.15m) with adjusted pre-tax profits also falling from £2.25m to £1.026m.
Helphire documentation goes online
Helphire Group is to provide vehicle rental agreements and supporting documentation electronically, for validation online.
Junction targets personal lines insurers in drive for new partnerships
Junction is targeting motor and home insurers as part of a drive for new partners in the insurance sector.
Former Woodstock director returns with personal lines consolidator
Invicta Insurance Services, a new broking service provider, has been launched by Steve Gamage, the former operations manager at Woodstock Insurance Brokers.
Manson relocates in Manchester
Manson Insurance Group moves to new location - Kabel House, 15 Quay Street, in the heart of the Manchester business district.
Garratts agrees €700k warranty deal
Lancashire-based insurance broker Garratts has secured a contract to arrange tyre warranties worth €700 000 in Spain and Portugal.
Garratts agrees €700k warranty deal
Lancashire-based insurance broker Garratts has secured a contract to arrange tyre warranties worth €700 000 in Spain and Portugal.
Councils to split £5.3m flood fund
A £5.3m award to 49 local authorities to help them tackle surface water flooding has been announced by the environment minister Huw Irranca-Davies.
EMB: "motor reserves running out"
Things expected to get worse for motor market according to an EMB report.
Biba revamps medical insurance group
The British Insurance Brokers’ Association is to broaden the remit of its private medical insurance group to include areas such as income protection, critical illness, and group life insurance in addition to private medical insurance.
Former Axa manager joins Lorega
Lorega has appointed Jonathan Mainwaring as broker business development manager for the Southern region.
Insurance fraud losses could reach £2.5bn
General insurance fraud losses could reach £2.5bn during 2010, according to the latest insight report from Experian.
Accident Exchange: four insurers at the centre of Autofocus action
Accident Exchange today said that the early indications are that “four large and well known insurers and two firms of defendant solicitors” account for the most material number of cases impacted by what it claims is a “systematic production of…
PPI industry faces reimbursement cost of up to £3bn
The Financial Services Authority consultation document on PPI mis-selling has extremely costly and serious ramifications for the industry according to financial research company Defaqto.
Co-op general insurance premiums up £29.9m for 2009
The general insurance division of the firm’s retail business said premiums had increased 7.6% on 2008, according to an announcement to the London Stock Exchange.
Medicals Direct Group takes annual turnover to £25m
The North London-based medical services solutions provider has acquired three companies operated by a competitor.
Looking Back 5 Years Ago: Real-time MID updates are scrapped
Insurers have abandoned plans for real-time updating of the Motor Insurance Database on cost grounds, instead opting for a seven-day requirement. And the Association of British Insurers and the Motor Insurers' Bureau urged the government and the industry…
Interview: Jon Dye - Making it work
With a stated aim of reaching £1bn by 2013, Jon Dye talks to Jonathan Swift about why a recent downturn in Allianz Retail's GWP masks a lot of progress towards that goal.
Evander MBO opens new client stream up
Insurance services provider Evander believes that its recent management buyout has opened up a significant new potential client stream for it.
Stakeholders join forces
Stakeholders including the Association of British Insurers and the Trades Union Congress have joined forces to raise awareness about the upcoming reforms to the way low cost road accident personal injury claims are handled.