Post - 2010-04-08

Marsh wins Commonwealth double

Marsh has added to its portfolio of international sporting events after being appointed insurance broker and risk adviser for the 20th Commonwealth Games, to be held in Glasgow in 2014.

UKRC puts rehabilitation on the general election agenda

The UK Rehabilitation Council has thrown down the gauntlet to the main political parties, asking them to stipulate their plans for improving the country's poor return-to-work record, with a view to posting responses live on its website in the run up to…

Brokers offer welcome mat

Quinn Insurance's fall into the hands of administrators was "a disaster waiting to happen", according to broker bosses.

Drivers may pay the price

Niche areas within motor insurance such as cover designed specifically for young drivers could see rate increases of up to 20% after Quinn Insurance was ordered to cease underwriting in the UK, according to motor brokers.

Bids in for Kwik-Fit insurance

Investment bank Credit Suisse is mulling over bids to buy the insurance arm of Kwik-Fit after they were submitted for consideration by 2 April.

Homer defiant over "negative" outlook

Towergate chief executive Andy Homer has refuted rating agency Moody's claim that its short-term outlook is 'negative', insisting it will not sell off parts of the business to cut debt.

Growth plan at Brightside

Brightside has targeted 20% growth in 2010 after posting a record revenue of £44.7m for 2009. Overall revenue increased by 35% (2008: £33.2m).

Fraud gang sentenced

Following a detailed insurance fraud investigation by Merseyside police's crime operations unit, 25 defendants have received sentences ranging from imprisonment to community orders.

FSA needs transparency

The Financial Services Authority should be more transparent about how fines on firms are set, law firm Reynolds Porter Chamberlain has said.

Warning over 15-day rule

Robertson & Co has warned insurers against taking their eye off fraud as they try to fulfil claims within the 15-day timeframe set out under new Ministry of Justice rules on road traffic accident claims.

Bosses back Tory NI pledge

Axa UK group chief executive Nicolas Moreau and his Jardine Lloyd Thompson counterpart Dominic Burke were among 23 UK business leaders who publicly backed the Conservative party's pledge on National Insurance.

MPPI product launched

Unemployment, accident and sickness specialist British Insurance has launched its first direct mortgage payment protection insurance product.

GI industry braces for battle with Ceiops

The Committee of European Insurance and Occupational Supervisors has been urged to lower its solvency capital requirement standard formula following the opening of the pre-application process for internal models.

Marsh's new online tool

Marsh has launched a new web-based service that gives global clients hands-on tools to monitor and analyse the financial health of the insurance companies on their insurance programmes as well as those under consideration.

Pet cover goes green

The Green Insurance Company is to expand its personal lines portfolio with a range of environmentally conscious pet insurance products.

Willis adds new brokers

Six brokers have become new members of Willis Networks bringing the networks' combined membership to 106 firms.

Merger activity on the up

Insurance accountancy firm Moore Stephens has credited the banking sector for the resurgence of merger and acquisition activity among insurance intermediaries.

HSBC deal is completed

Marsh completed its previously agreed acquisition of HSBC Insurance Brokers, a wholly owned subsidiary of HSBC Bank, in the UK and other key markets in Asia and the Middle East on 1 April.

Comment - Rehabilitation: Fit for purpose

This month's introduction of the government's fit note scheme may leave employers struggling, but Tony Urwin explains that any insurer that can come to their rescue could gain considerable commercial advantage.

View from the top: In from the cold

If every cloud must have a silver lining then one of the very few benefits from the recession has been the renewed focus on the importance of relationships in business. In our own industry, much has been said recently about the need for brokers and…

Letter: Irish should be backing Quinn Group

If every cloud must have a silver lining then one of the very few benefits from the recession has been the renewed focus on the importance of relationships in business. In our own industry, much has been said recently about the need for brokers and…

From Facebook to sales book

As social media begins to shake off the stigma of being little more than a means to wile away time, Amy Ellis investigates whether, as some predict, 2010 will be the year this new medium becomes a quantifiable marketing tool.

See you later, aggregator

Industry commentators are predicting a crackdown on web aggregators - but will the sites' popularity with consumers beat expectations? Rachel Gordon reports

Learning to live together

Insurers and brokers may be feeling disillusioned with aggregators but learning to adapt to the model could prove profitable, explains Mathew Rutter.

Someone to watch over me

If the FSA's plans to create a consumer protection committee go ahead the insurance industry may find itself under intense scrutiny, writes Daniel Dunkley.

Biba Countdown 2010: the London Market View

With this year's Biba conference being held in the capital, Post thought it appropriate to ask a number of companies traditionally more associated with the London market why they are exhibiting and what they hope to get out of the event. This week we…

Biba Countdown 2010: The Claims Perspective

The Biba conference is well known as a gathering place for UK insurers to court brokers. But what of those associated with claims? Post asked the bosses of a number of these firms what their hopes are for this year's event, continuing with George Bentley…

Looking Back: Legal expenses insurance takes off

After five years in operation, DAS Legal Expenses is now writing approximately £100 000 in premiums every month and has achieved a profitable underwriting result in its last two trading years, according to Tony Holdsworth, DAS' general manager.

Penny black's insurance week

With the British Insurance Brokers' Association conference soon upon us, insurers will be dusting off their stands and finalising which hangover cures they will be offering weary delegates. But for one new CEO the conference has come at a bad time.

Bosses back Tory NI pledge

Axa UK group chief executive Nicolas Moreau and his Jardine Lloyd Thompson counterpart Dominic Burke were among 23 UK business leaders who publicly backed the Conservative party's pledge on National Insurance.

GI industry braces for battle with Ceiops

The Committee of European Insurance and Occupational Supervisors has been urged to lower its solvency capital requirement standard formula following the opening of the pre-application process for internal models.

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