Personal
Fortis awaits affinity effect
Fortis Insurance will have to wait until it reports its annual results in 2007 before witnessing the...
URS sails towards £50m income
London Market News
SMEs are more likely to defraud insurers
The Association of British Insurers conference tackled a raft of issues last week. Post Magazine reports on the key findings
Appointment at Robin Simon
Robin Simon has made John Wasty a senior solicitor in its directors and officers and financial insti...
US sell-off talk fails to lift cloud over RSA
Rumours that Royal and Sun Alliance will finally sell off its troublesome US liability book failed t...
Penny Black's insurance week
Last week, Penny strolled along to the Association of British Insurers' conference in London and not...
Appointment at Horwich Farrelly
Manchester law firm Horwich Farrelly has made Antony Wong a partner. Mr Wong, a solicitor in the fir...
Kelly takes up same role
London Market News
Broker La Playa launches division
Broker La Playa has launched a farms and estates division for large-scale agricultural business and ...
Medical negligence claims increase
Medical negligence claims for more than £1m have increased by almost fourfold in the past 10 years, ...
Insurers reject MID update
Insurers have abandoned plans for real-time updating of the Motor Insurance Database on cost grounds...
Beazley doubles profits
London Market News
Unison urges caution over personal injury threshold
Plans to raise the small-claims threshold for personal injury could drive those injured at work into...
Reading crash will not raise MIB levy
Motor insurers' annual levy to the Motor Insurance Bureau is unlikely to be changed, despite claims ...
Appointment at Mondial
Martin Lyons has joined Mondial as the new general manager for its Ireland division. He joins from C...
Appointment at Freeclaim-IDC
Ashington-based litigation funder Freeclaim-IDC has appointed solicitor Louise Gudgin to head up its...
Insurers consider fraud case
Insurers Zurich and Royal and Sun Alliance are thought to be considering pursuing a fraud case throu...
Budget 2005: ABI response
Peter Vipond, Association of British Insurers' director of financial regulation and taxation said: “The Government is right to freeze Insurance Premium Tax. This is entirely justified by the fact that the Government took £2.4bn for the current tax year,…
Package launch targets farmers
Broker La Playa has launched a farms and estates division to integrate insurance with risk management.
ABI announces updated uninsured driving targets
Proposals for speedier updating of information onto the Motor Insurance Database were announced today by the Association of British Insurers.
Beazley profits up, but combined ratio suffers
Beazley Group has announced profits increased inn 2004 to £33.4m from £17.1m in 2003.
Hiscox announces US office plan as profit dips
Hiscox is looking to open a retail office in the USA. The announcement came as it reported an operating profit of £86.3m, after £70m impact of 2004 hurricane season. The group’s pre-tax profit and premium income both fell to £77.0m (2003: £83.4 million)…
Fortis sees UK profits up 16%
Fortis Insurance in the UK reports a year of further growth and increased profits. Gross written premiums (GWP) were up overall by 5% at £574m (2003 £546m). Profit before tax showed an increase of 16% at £46.1m (2003 GBP 39.9 million). The combined ratio…
Fortis seals 10 year deal worth £90m a year
Fortis has signed a ten year deal with Age Concern for the provision of insurance solutions to its £90m book of services schemes representing in excess of 800 000 policyholders.