Post - 2010-02-04
Go Compare's chief executive Hayley Parsons has insisted that the aggregator is on course to make a profit for the first time since launching as a start-up in November 2006.
Independent broker Miller has hired the former chief executive of Aon Global UK, Ken MacDonald, to spearhead its expansion in the corporate risk sector.
The Conservative Party has attempted to allay the insurance industry's fears that it will be tarred with the same brush as banks, if the party comes to power this year and scraps the current regulator, by promising 'dedicated resources' to the sector.
Axa has signalled its intention to become a major player in the direct motor market after launching an aggressive marketing campaign to support its return to the sector.
Loss adjusting and claims management company Merlin Professional Claims Services has agreed a refinancing deal with Royal Bank of Scotland, Bridgepoint and Babson Capital Europe.
The AA has reported that car insurance premiums rose more sharply in the last quarter of 2009 than at any other point since the launch of its UK insurance premium index in 1994.
Aviva has relinquished its role as lead home, motor and travel insurer for Asda. The insurer extended its affinity deal signed in March 2003 with the supermarket until December 2009.
Insurers have stressed the need for decisive action against fraudsters in the civil courts after seven major insurers won £300 000 in damages from 57 members of a 'crash for cash' fraud ring.
Heath Lambert has emerged as a frontrunner to replace HSBC Insurance Brokers as the UK representative of Assurex Global, Post has learnt.
Former Axa Insurance chief executive Peter Hubbard has refused to rule himself out of the running to become the new boss of UK General.
The insurance industry has welcomed a decision to allow insurers to continue using age as a risk factor in setting premiums.
The Insurance Partnership has been linked with three members of Oxygen's corporate risks arm who recently resigned.
Towergate plans to bolster its broker sales force by recruiting 100 development executives this year, as part of its revised strategy to grow organically rather than through acquisition.
The issue of rates — and, more specifically, motor rates — is certainly getting a lot of attention at the moment.
Insurers could face an average solvency capital requirement increase of more than 60% compared to previous expectations as a result of new Solvency II proposals, EMB has warned.
WNS Assistance is to target the UK broker market after winning an outsourcing deal with Bluefin to manage its personal lines motor claims.
Higos Insurance Services' managing director has outlined plans to recruit his successor and move to the role of chairman, as well as acquire five new brokers in the next 18 months.
Aberdeen-based broker Central Insurance has hired former Aon, Willis and Axa staff to operate its new office in Glasgow, after investing £1.2m in the new venture.
NFU Mutual has been appointed by Mitsubishi as its approved underwriter for its new line in electric cars, i-MiEVs.
Barbon has reported that its broking business saw annual profits grow by 2% to £42.7m last year, compared to 2008 (£41.9m).
THB has vowed to work on its broking margin and continue to expand overseas after profits remained static in 2009.
A third of UK SMEs would rather buy business insurance direct, rather than via a broker. According to a new survey by QBE, only 16% of UK SMEs will look to the insurance industry for advice in the first six months of 2010.
In the December decision of Morrison Sports & Others v Scottish Power, the Inner House of the Court of Session cannot be said to have sparked any controversy.
Vericlaim UK has targeted a turnover of £7m in its first year of trading, following a formal launch this week.
The insurance industry could save at least £180m a year in property claims if the current model undergoes an overhaul, according to Isis commercial director Cris Bellamy.
By moving to a self-service model, insurers must prepare themselves for "awakening the beast".
Price comparison sites are failing to build up significant brand loyalty, given that many online shoppers continue to check more than one site before buying insurance. And, in some cases, they may even phone an insurer selected direct — in the belief…
IBM Insurance Solutions executive Nick Lincoln kicked off proceedings by telling the audience he believed there is a fundamental case for self-service.
Insurance customers have changed from behaving like dogs to cats, and are now turning into meerkats as a result of social networking and other technologies.
Insurers looking to build a self-service strategy incorporating new technologies have been warned that "overload is rampant".
If you get self-service right, you will dramatically improve customer satisfaction. That was the claim of Aviva head of online experience Chris Abrathat who noted that when his business moved to this model, he was proud to have an average satisfaction…
Aviva's chief executive of general insurance David McMillan has turned a bunch of losers — his son's football team — into winners. Daniel Dunkley discovers his plans for an insurer that is already top of the league in many sectors.
I've had a go, on the back of a large envelope, at breaking down where the money goes that Mr Customer spends on his motor insurance. Just what happens to a typical £400 premium?
Paul Asplin, chief executive officer of DAS Group makes some pertinent points in his recent letter ('European legal insurance model can work in UK', www.postonline.co.uk/1587832) but they may give the impression that there is a standard legal expenses…
Converting and retaining new business is essential in the current economic climate. Edward Murray looks into how brokers can best mine new seams of prospects.
With the Environmental Liability Directive finally becoming law in the UK last March, Alan Dobson examines whether its effect has been as hard hitting as predicted.
With the number of people in the UK being diagnosed with diabetes increasing dramatically, Ian Bridge says insurers should alert their motor customers to be more aware of the legal implications.
Wilson Carswell examines the number of personal injury claims following motor accidents that are made in the UK and asks if the figures add up.
The 'lotto rapist' case has had a considerable impact on the law relating to sexual abuse. Lindsay Gray charts the changes and their implications for care establishments and insurers.
The financial services industry in Scotland is showing signs of recovery, with recruitment set to rise and redundancies predicted to drop.
The Forum of Private Business has warned that government proposals to scrap the default retirement age threaten the future of SMEs across the UK and could lead to a raft of "painful and costly" legal disputes.
Penny was intrigued to discover the lengths to which people will go for insurance at Hiscox. On a recent visit to the insurer's City office, a chat with two underwriters uncovered some unusual clients on Hiscox's books — among them a balloon artist, and…