Post - 2010-02-11

Money Supermarket relaunches motor site

Price comparison website Money Supermarket is due to unveil its new motor insurance comparison site today. It marks the first major overhaul of its offering since it entered the sector in 2003.

Case provides welcome relief for schools

Educational establishments have avoided potentially "huge and costly" ramifications after the case of Henry Webster (& others) v The Ridgeway School was successfully defended, according to the law firm and insurer involved.

Plaques parity touted

Parity in pleural plaques legislation between England and Wales and Scotland could be a reality "before the election", a Labour MP has claimed.

Litcomp agrees sale

Litcomp agreed the sale of the company to Torridon on Monday, following news that Torridon's £5.48m offer for Litcomp was unconditional last month.

Shakespeare boss in court

A former director of Shakespeare Underwriting has appeared in court in relation to charges of alleged fraud and making false statements, stemming back four years.

Aon outlines UK slump

Aon's total revenue for 2009 increased 1% to $7.6bn (£4.9bn), largely due to a 7% increase from acquisitions, primarily Benfield, net of dispositions, primarily offset by a 4% unfavourable impact from currency translation and a $97m or 57% decline in…

Markel returns to profit in 2009

Markel Corporation has attributed the swing of almost $1bn (£640m) from loss to profit during 2009 to "significantly higher" investment returns than its competitors.

Beazley GWP rises by 27%

Dublin-domiciled Beazley has reported pre-tax profit up 15% to £100.7m (2008: £87.2m) and an underlying profit before income tax up 259% to £147.3m (2008: £41.0m).

Barbon signs £1m SSP deal

SSP has signed a £1m deal with Barbon for it to become the software provider for the broker's new personal lines venture Avenue Insurance Services.

Insurecom is 'go-to' firm

The chief executive of insurance software specialist Insurecom has boasted that his firm is now the 'go-to' technology company for insurers looking to distribute new products to brokers.

Claims Club: Bell - data must be harnessed

Third generation analytics tools and data visualisation in particular could help insurers better understand their exposure to claims leakage. That was the key message of Steve Bell, advisory partner in Ernst & Young's financial services business, whose…

Claims Club: ABI surge event plans prioritised for 2010

Hypothesis testing is the best way to devise a collaborative industry surge plan, following events such as widespread flooding, insisted Tim Humphreys, policy adviser for risk management and emergency preparedness at the Association of British Insurers.

Claims Club: Street deals not backed by members

A small proportion of Claims Club members agreed that assigning individual loss adjusters to deal with all flood-damaged property in a particular street is a good idea — but when asked whether this is achievable in practice, the answer was a resounding…

Interview: Amanda Blanc - Top of the class

Training can be a major incentive for keeping hold of employees. Mairi MacDonald meets Amanda Blanc, deputy chief executive of Towergate Partnership, who outlines her views on professional training and the benefits of achieving chartered status.

News analysis: Scottish LIon - Sting in the tail

Although the Scottish Lion appeal was a victory for creditor democracy, many legal arguments over solvent schemes of arrangement remain to be settled. Tim Goodger and Ed Stanley explain how the judgment places a heavy burden on scheme administrators to…

Broking Mergers & Acquisitions: Calmer waters

Many have predicted the death of the insurance broking mergers and acquisition market. Roger Brown explains why this has not happened and why the current situation is just a return to historical norms.

BGL awards raises £8000

Almost 800 employees of the BGL Group attended its Annual Awards Ball and raised £8000 for its partner, the children's charity NSPCC at the same time.

Penny black's insurance week

And so another member of the dwindling ranks of the NIG class of 2006 management team bails out, leaving only one Peter Johnson working within the Royal Bank of Scotland's insurance division. Penny wonders what will be awaiting him when, indeed if, he…

20 Years ago: Eagle Star to be boycotted

Eagle Star will be boycotted by the 700 members of the Institute of Insurance Brokers if it does not agree to stop undercutting brokers through its direct underwriting arm. IIB director general Andrew Paddick is writing this week to all members to inform…

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