Post - 2010-03-11

Allianz boss: Tesco-sized affinity deal possible

The general manager of Allianz Retail has hailed its latest affinity win with Volkswagen Insurance Service as a "milestone" for its fledgling corporate partners business, and a sign that it could do a deal of the size of Tesco Bank.

Foil claims focus

The Forum of Insurance Lawyers is to turn its focus to the impact of claims on the public and private sector, against the backdrop of Lord David Young's review into health and safety legislation for the Conservative Party.

Allianz SME tie-up

Allianz has created a tie-up between its commercial and legal protection divisions to offer free advice to its small business policyholders.

Third Parties Bill reading

The Third Parties (Rights Against Insurers) Bill was referred to a second reading on 9 March in the House of Commons.

Credit card compliance low

Only 11% of UK companies, including insurers, are certified as payment card industry compliant, according to new research by Tripwire.

Merlin refinancing

Claims management company Merlin has announced the completion of its refinancing deal after it was approved by investors and financial stakeholders.

Total 100% liable

Insurers have moved closer to recovering an estimated £750m in claims from Total, stretching back to the Buncefield oil depot explosion.

QBE shakes up European arm

QBE Europe has puts its asset protection book into run-off, following a restructure of its product underwriting and distribution model.

Editor's comment: Is Aviva now fitter?

For months there has been speculation about how much business Aviva had shed in its efforts to bolster its profitability. The answer — as highlighted in its 2009 full year accounts out this week — was quite a lot, as it reported net written premiums in…

LV to recruit another 75 staff

LV's new 24-hour call centre for motor insurance customers in Hudddersfield may be expanded to household during 2010. The insurer hopes to create up to 75 jobs over the next 18 months following the opening.

Beazley Furlonge results

The board of managing agency Beazley Furlonge has announced its results for syndicate 623, which writes business on behalf of third party capital at Lloyd's.

Novae pre-tax profit fall

Novae Group has posted a 35% fall in adjusted pre-tax profit in 2009, hurt by aviation reinsurance and credit losses in the first half of the year.

Axa Corporate growth

Axa Corporate Solutions posted a 2.3% growth in 2009 turnover on a comparable basis, reaching E1.93bn (£1.75bn), while underlying earnings were up by 17% at E133m

Chilean earthquake

Early estimates indicate the 8.8 magnitude earthquake off the coast of Chile on 27 February, will bring high insured losses, which will likely pressure overall profitability.

Hodges: no 'land grab' for Aviva

Aviva UK plans to build its capability in the commercial property owners and motor sectors after its business insurance book shrunk by £400m in 2009.

Hardy sees profits rocket before exchange

Bermuda-domiciled insurer Hardy has reported a steep increase in profit before tax and foreign exchange movements of £26.7m (2008: £4.4m), in contrast to a slight dip in profit before tax of £20.1m (2008: £23.1m). The combined ratio before foreign…

ULR wins Kwik Fit contract

Legal expenses insurer ULR is poised go on a recruitment drive, having picked up a major contract with personal lines broking giant Kwik Fit Financial Services.

Landau Manson renamed

Broker Alan Turner has announced that the general business of Landau Manson, which it acquired last year, will now trade under the group's main broking name of James Hallam.

Fulwood signs up

Preston-based broker Fulwood Insurance Services, has signed up to Broker Network's new start-up proposition, launched last month.

M&M to sell Kroll

Marsh & McLennan is set to sell its subsidiary Kroll arm for $1.3bn (£870m), $600m less than it paid for it in 2004.

Westinsure reveals plans for 40 more members in 2010

Westinsure aims to grow by £50m gross written premium in 2010 and recruit another 40 members, after reporting its most successful year to date in 2009. The broker alliance reported £300m GWP for 2009 and added more than 35 brokers to its ranks,…

WNS web service

Motor claims management specialist WNS Assistance is offering insurers an integrated web service solution in line with the Ministry of Justice's new electronically streamlined compensation system for low-cost road traffic accident personal injury claims.

Questgates integration

<p>Questgates has completed the integration of the liability adjusting division acquired from Teceris Corporate and Complex Adjusting — part of Capita Group.

Thornside pet insurance

Thornside, the pet insurance division of Capita Insurance Distribution, is to work with Home Retail Group to provide and administer its new pet insurance programme in Ireland.

Chartis and Parabis deal

Chartis has signed a two-year deal to work with Parabis to establish a third-party injury handling unit due to go live this month.

GAB Robins sets sights on casualty

GAB Robins has set it sights on overhauling rival adjusters Cunningham Lindsey and Crawford & Company to become the market leader in casualty claims.

ILAA targets FSA fees

The newly-formed Independent Loss Adjusters Association has pledged to make Financial Services Authority fees its top priority when it officially launches in spring.

UKTFA members threatened with ejection

Members of the UK Timber Frame Association not signed up to its Site Safe initiative will be ejected from the body, while the "ultimate sanction" against principal contractors flouting the new process will be for members to stop work.

Anxiety over fire engineering

Insurers were among the most heavily criticised groups in a recent interview-based survey on attitudes towards fire-engineered building solutions.

Interview - Arron Banks: The bright side of life

The rumour mill has been in overdrive regarding Brightside over the past 12 months. Daniel Dunkley talks to founder and insurance director Arron Banks about the broker's distinctive approach to the market.

View from the top: The tipping point

In his best-selling book The Tipping Point, Malcolm Gladwell says that ideas and behaviours spread like viruses, and that intervention (or a nudge) at just the right point — the tipping point — results in a cascade of change.

Arc Angels marathon run for Sense

Arc Legal Assistance director Richard Finan and Arc senior claims and complaints adviser Ian Brown will run this year's London Marathon on behalf of the legal expenses firm's charity arm Arc Angels.

IRM embraces social media

The Institute of Risk Management has launched an online resource centre to equip members with free access to tools, templates and information to assist them with each stage of the risk management process, as well as implementation of effective risk…

Zurich

Two new regional managers have joined Zurich's North American environmental team.

Bennetts

Bennetts Commercial has appointed Carole Lowe to its senior management team.

Faber & Dumas

Gerry Tollan has joined Faber & Dumas, the wholesale brokerage division of Willis Group Holdings, as business development director.

Kennedys

Iain Sharp has joined Kennedys in Singapore as a partner in the maritime & international trade practice.

Biba 2010 Countdown: Get to know your Biba representatives.

With 10 weeks to go before the start of the British Insurance Brokers¹ Association conference, Post has decided to shine a light on some of the perhaps lesser-known staff at the trade body. This week, we talk to Lindsay Campbell, Biba executive assistant.

Ansvar

Ansvar Insurance has appointed Richard Lane to the newly created role of sales director.

Arista

Arista Insurance has promoted Anthony Foulds to regional underwriting manager for the South-east.

Aviva

Aviva UK Health has appointed Rob Cowley as finance director.

Giant

Colin Hutchinson has been appointed senior regional underwriter at Giant to head up the Belfast office it opened last year.

Interglobal

International private medical insurer Interglobal has appointed Nicola Norris as business development manager, with responsibility for building distribution and sales of individual and group PMI in the UK through the intermediary channel.

Penny black's insurance week

If anyone had doubts about Axa's IT team, then Penny would like to say that its online policing is second to none. Just ask the member of staff who spent a few lunchtimes searching for "golden shower curtain rings".

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