Insurer
Half a million male motorists admit point swapping
More than 500 000 male motorists have admitted to passing driving penalty points onto their loved ones, research by Direct Line has revealed.
Consumer insurance reforms will make it harder to turn down claims - Insurance News Now – 19 May 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including how, according to MP Jonathan Evans, the first changes to consumer insurance legislation in more than a century will prevent insurers from “hiding behind”…
PPI complaints more than double to 51%
The Financial Ombudsman Service annual review has revealed that 51% of new cases were about the sale of payment protection insurance with the number more than doubling to 104 597 - the highest number ever received in a year about a single financial…
Junction boasts 1000% increase in motor insurance sales
Improvements to its online offering have boosted Junction’s sales within the motor insurance business bought from Bradford & Bingley by 1000% in the year since its acquisition.
Zurich: Communities too busy for Big Society
People are unlikely to complete voluntary work as part of prime minister David Cameron’s Big Society initiative because they are too busy, research from Zurich Municipal has revealed.
Markel acquires Swedish coverholder
Markel International has acquired Stockholm-based Lloyd’s coverholder Globen Försäkringar.
Ageas UK non-life back in profit in Q1 as motor COR improves 14.5%
Ageas' non-life has reported a non life profit before tax of £3.9m for the first quarter of 2011, a £9.2m improvement over the same period last year.
Markel acquires Swedish coverholder
Markel International has acquired Stockholm-based Lloyd’s coverholder Globen Försäkringar.
Miller creates new specialist international binding authority team
Miller has created a new international platform for its binding authority business with the formation of a specialist binding authority team.
Tornado damage could reach $6 billion, according to RMS estimates
Private market insured losses from the tornado outbreak in America which took place between April 25 and 28 2011 will range from US$3.5 and US$6 billon, according to estimates from Risk Management Solutions.
Bill set to overhaul consumer insurance law
The Consumer Insurance (Disclosure and Representations) Bill, which clarifies the law governing what consumers should tell insurers when they take out a policy, will change the relationship between consumers and insurance providers, in its first shake-up…
Cooper Gay unveils UK restructure
Cooper Gay has restructured its UK business, Cooper Gay & Co, into three core trading units to form what it hopes will be a "stronger and more streamlined platform" for growth.
European PI insurance GWP could top €7bn
The professional indemnity insurance market across Europe could be worth up to €7bn (£6.1bn) by 2014, new research has revealed.
European PI insurance GWP could top €7bn
The professional indemnity insurance market across Europe could be worth up to €7bn (£6.1bn) by 2014, new research has revealed.
Aviva Europe NWP up 3% despite drop in sales
In its Q1 results Aviva Europe has reported net written premiums increased by 3% to £614m (Q1 2010: £597m), equivalent to 7% increase on a local currency basis.
Solvency II to impact EU captive industry
The looming implementation of Solvency II will change the market environment dramatically for captive insurers according to recent research.
Government takes forward Consumer Insurance Bill
Financial secretary to the Treasury, Mark Hoban, has announced that having considered the response to the Treasury’s targeted consultation on the Consumer Insurance (Disclosure and Representations) Bill, the government has decided to take forward the…
Aviva Europe NWP up 3% despite drop in sales
In its Q1 results Aviva Europe has reported net written premiums increased by 3% to £614m (Q1 2010: £597m), equivalent to 7% increase on a local currency basis.
Solvency II to impact EU captive industry
The looming implementation of Solvency II will change the market environment dramatically for captive insurers according to recent research.
Aviva to launch internet-only brand following strong growth in motor book
Motor insurance has been the “key highlight” for Aviva in the first quarter, according to the insurer, which plans to launch a new, separately branded internet-only offering in the summer.
HSBC extends Aviva partnership until 2016
HSBC has extended its general insurance partnership with Aviva. The insurer is one of HSBC’s preferred strategic partner in the UK and Europe.
HSBC extends Aviva partnership until 2016
HSBC has extended its general insurance partnership with Aviva. The insurer is one of HSBC’s preferred strategic partner in the UK and Europe.
RSA swoops for marine broker
RSA has expanded its regional footprint and intermediary network through the acquisition of Nottinghamshire-based broker Noble Marine, Post can reveal.
S&P downgrades Groupama IFS rating
The insurer financial strength rating of Groupama has been downgraded from ‘A-‘ to ‘BBB+’ by Standard & Poor’s because of its “material exposure to Greek government bonds”.