Insurer
Allianz and Virgin Holidays strike travel insurance partnership
Allianz Global Assistance UK has granted Virgin Holidays and Travel City Direct appointed representative status.
Claims Awards Asia: the winners
Last night the winners of the Claims Awards Asia were announced at the inaugural awards ceremony in Hong Kong.
Hiscox joins broker in supporting collectibles insurance site
Hiscox and fine art broker Richard Thompson Insurance have teamed up to support a new online insurance facility for art and collectibles, Insure My Stuff.
Underwriting Service Awards 2013: Winners announced
Last night saw the fourth annual Underwriting Service Awards take place at the Royal Garden Hotel.
AIG and Dual in EOL reinsurance partnership
AIG will partner with Dual corporate risks via the Tamesis Dual specialty excess of loss reinsurance entity, the insurer said today.
Macquarie acquires 19.9% share of Equity Redstar
Aquiline Capital Partners has sold a 19.9% share of specialist motor insurer Equity Redstar to Australian investment bank Macquarie.
Confusion prompts Hampden Underwriting name change proposal
Hampden Underwriting is proposing to change its name to Helios Underwriting to avoid confusion with another entity within the Hampden Group.
Claims Awards Asia: the winners
Last night the winners of the Claims Awards Asia were announced at the inaugural awards ceremony in Hong Kong.
Industry launches ghost broking campaign
The Insurance Fraud Enforcement Department, the Insurance Fraud Bureau, Crimestoppers and the Association of British Insurers has launched a campaign warning young motorists about ghost brokers.
Markerstudy touted as saviour for Capita broking businesses
Brightside deal could still go ahead despite acquisitions.
Industry bodies join forces to warn public about threat of ghost brokers
ABI, Ifed and IFB work with Crimestoppers in campaign targeting young male drivers.
Insurers hope for strike-out legislation after consultation on Summers review
Only two of 18 parties voice opposition to review in Law Commission consultation.
Editor's comment: Sticking to the knitting
Sometimes you just need to stick to what you know best, a point proved by Capita this week when it sold ailing insurance businesses BDML, Lancaster, Sureterm and Delta to Markerstudy for an undisclosed sum.
Chesnara eyes further acquisitions as it posts EEV of £354m
Insurer focused investment firm Chesnara posted an increase in European Embedded Value to £354m for the first nine months of 2013.
Homeserve UK's revenue reduces amid continuing FCA investigation
Homeserve’s UK business has reported reduced revenue in the first half of 2013 to £127.2m from £134.5m in the same period of 2012.
DWF increases insurance income by 34%
Business law firm DWF’s insurance division has increased its income by 34% to £41m by diversifying and developing its core practice offering the firm said today.
Comment: My Licence will benefit all parties
Project aims to reduce costs for insurers, speed up underwriting and ultimately bring down motor premiums.
Seventeen dead after Cyclone Cleopatra hits Sardinia
Italy has declared a state of emergency after a deadly cyclone hit the island of Sardinia.
Penny Black's insurance week - 21 November 2013
Having told a Lloyd’s audience his report on Scottish civil litigation reforms was dubbed “Jackson with a kilt on” by critics, Sheriff Principal James Taylor last week expressed his surprise that no one had turned up at the event brandishing pitchforks.
Penny speed meets... Phil Bayles, intermediaries and partnerships director, Aviva
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Market Moves: Aspen, Barbican and XL bring in new underwriters as insurers are most active recruiters
Insurers maintained their recruitment emphasis this week with multiple hires across the sector. XL, Aspen and Barbican were among those to reveal new underwriting roles, in the form of a fine art underwriter, a global chief underwriting officer and a…
Industrial deafness: The new whiplash?
As fraudsters and claims management companies begin to feel the impact of whiplash reform, is industrial deafness becoming insurers’ new problem area?
Legal Update: Basis clauses: Insurers stealing a march on the law to make basis clauses a footnote in history
Peter Fitzpatrick explains how basis clauses can often harshly forfeit a policy, and why market forces could see them disappear long before they are formally outlawed.
UK General hails apprenticeship success
Leeds-based specialist insurer, UK General, has employed four apprentices full time after they completed a 12-month scheme.