Insurer
Miller poised to join international broking network
Assurex Global is poised to appoint Miller as one of two new UK partners, after a long search to replace HSBC Insurance Brokers.
Lancashire Holdings upgraded by S&P
Standard & Poor's has assigned an "A-" counter-party rating and financial strength rating on Lancashire Holdings subsidiaries Lancashire Insurance Company and Lancashire Insurance Company (UK) Limited.
BIBA 2010: Markerstudy forms coalition with Zenith
Markerstudy and Zenith have put together a new group underwriting coalition under group underwriting director Gary Humphreys (pictured).
FOS: Insurance disputes up 38% in 2009/10 driven by PPI
The Financial Ombudsman Service – the independent organisation that settles disputes between consumers and financial companies – today said it resolved a record 166 321 disputes – a 46% annual increase – in the period 2009/10 resulting in compensation…
BIBA 2010: Ace launches four new enhanced business covers
Ace UK was today due to launch a suite of new products targeting companies with one or more overseas branches, retailers, hotel groups and machinery manufacturers.
BIBA 2010: Bluefin ties up APC deal
Commercial insurance underwriting agency APC has struck a deal with Bluefin to provide its network brokers with access to a full range of commercial insurance packages.
BIBA 2010: Lorega in online tie up
Loss recovery insurance specialist Lorega has struck a deal with internet trading solution Broker 2 Broker to enable brokers to bind business online from 1 June.
Chaucer reports 11% hike in motor rates
Lloyd's insurer Chaucer this morning reported a drop in gross written premium income to £250.1m (2009 Q1: £257.8m).
BIBA 2010: Over half of brokers see value in online platforms
Over half of British insurance brokers believe using an online platform to trade with carriers will help them retain commercial insurance business that would otherwise go direct.
BIBA 2010: Galbraith calls on government to introduce the "right legislation"
The British Insurance Brokers’ Association is set to launch a major lobbying campaign to promote the role of the broker to the Liberal-Conservative coalition government.
Admiral bolsters numbers with 751 new recruits in H1 2010
Admiral has revealed it has recruited 490 people this year and plans to take on a further 261 by the end of June, an increase of 11%.
One Answer Network extends deal in growth drive
One Answer Network has entered into a long term contract with insurance sector software specialist Cheshire Data Systems to both expand and extend its licence purchasing agreement, as part of its business growth plans.
Open GI gets Aviva green light
Open GI has become the latest technology firm to integrate its motor quote engine with Aviva’s web-based rating engine in order to provide more competitive, real-time rates to brokers.
The insurance sector needs to evolve, says Aon Germany chairman
The insurance sector needs to evolve and reform what it currently offers to better reflect client needs, Ralph Liebke, chairman and CEO of Aon Germany, has told delegates at a conference in Paris.
Commercial insurance on aggregator radar
A report by Defaqto has revealed 65% of the top 20 financial price comparison websites already provide access to business insurance either as introducers to various online providers or by providing quotations through a limited panel of insurers.
Hiscox appoints Manchester, Scotland & Ireland bosses
Hiscox has appointed Bill Guiney to regional manager of its Manchester operation, and Hannah Hosking as regional manager, Scotland and Ireland.
Total Objects and Fusion Experience to offer new data technology
Insurance software company Total Objects has partnered with consultancy Fusion Experience to provide new data technology to the sector.
Portugese FS group "weighed down" by "stagnant non-life market"
Portugese financial services group Espírito Santo Financial Group has reported a 29.6% year on year decline in net income to Euro 21m (Euro 29.8m).
Allianz CEO bemoans commercial rate inactivity as profits dip 10.7%
Allianz reported gross written premium was up 4.4% to £411.3m (2009 Q1: £393.8m) over same period in 2009.
Prudential starts $21bn delayed offering
Rights' offer to fund the purchase of AIG’s Asian unit, AIA, after a 12-day delay has fuelled speculation that the deal will fail.
Portugese FS group "weighed down" by "stagnant non-life market"
Portugese financial services group Espírito Santo Financial Group has reported a 29.6% year on year decline in net income to Euro 21m (Euro 29.8m).
Allianz CEO bemoans commercial rate inactivity as profits dip 10.7%
Allianz reported gross written premium was up 4.4% to £411.3m (2009 Q1: £393.8m) over same period in 2009.
Family member of Sean Quinn to buy insurance business
A close family member of Sean Quinn is planning to purchase the crisis-hit Quinn Insurance, reports the Belfast Telegraph.
Aviva academy earns CII stamp
Aviva’s commercial underwriting academy has received continuing professional development accreditation from the Chartered Insurance Institute for its training modules.