Latest News – Page 1903
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News
Brokerbility lobbies over mandatory disclosure
Independent broker group Brokerbility is lobbying the government and MPs as its begins a campaign against mandatory commission disclosure. The group, consisting of 22 independent brokers around the country, is urging more brokers to join its fight against hard disclosure and is building up a ‘fighting fund’ to support its ...
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News
R&SA to refund flood call costs
Royal & SunAlliance (R&SA) has pledged to refund flood victims who have been charged up to 50p a minute for calls regarding their claims.In the week that Sir Michael Pitt published his interim report on the summer floods, which cost the industry over £3bn, R&SA admitted that it had charged ...
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News
Senior team exodus continues at Erinaceous
Erinaceous Insurance Services (EIS) has lost another member of its senior team with the departure of business development director, Andy Poole.Poole will leave the troubled property services group on 31 December to take up a senior post at broker Miles Smith in its direct schemes and affinity business.Miles Smith chief ...
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News
JLT underwriting move
Jardine Lloyd Thompson (JLT) has created an independent underwriting division as part of a major global initiative to grow the group’s business.Thistle Underwriting will be led by former Dual Underwriting chief executive, James Gerry.The result of a 12-month strategic review, Thistle will commence trading early next year.JLT chief executive Dominic ...
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News
Tokio seeks Kiln takeover as springboard to US
Tokio Marine is seeking to use its acquisition of Kiln as the base for its global underwriting operations, focusing mainly on US business.The Japanese giant spoke of its plans after the Kiln board said it would recommend Tokio Marine’s 150 pence-per-share offer to shareholders last Friday.The offer values Kiln, the ...
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Features
Preventing a nightmare before Christmas
With the festive party season in full swing, the prospects for increased insurance claims should not be overlooked. Fire, theft and over-zealous partygoers all contribute to an increase in risks. James Sullivan reports
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Features
Next Generation Brokers
In whose hands does the future of the Insurance Industry lie? We take a look at 25 brokers tipped for greatness
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News
Hiscox seeks court ban on developer
Lloyd’s insurer Hiscox has launched a legal battle against the owners of what will be the City’s tallest tower after workers on the site smashed holes and leaked water into the insurer’s adjacent offices.Hiscox was due in court on Wednesday to seek an interim injunction against Arab Investments, developer of ...
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News
Ratings boost for R&SA
Royal & SunAlliance received a boost after Standard & Poor’s (S&P) raised the insurer’s financial strength rating to ‘A’ from ‘A-’.The rating agency agency said it increased the insurer’s rating because of its confidence in the group’s underwriting cycle manage-ment and its ability to produce consistently positive earnings.S&P said it ...
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News
Web news
SSP wins India dealSSP Holdings has been awarded a contract by United India Insurance company. A consortium of SSP and HP, supported by Microsoft, will provide core insurance IT solutions across the insurer’s entire Indian business. The agreement, initially in place for seven years, will generate SSP approximately $2.4m (£1.2m) ...
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News
Washed out for Christmas
Christmas marks a milestone for the thousands of people washed out of their homes by the summer flooding and still unable to return. The insurance industry claims to be in control, but for some the reality is different. Sarah Kennedy reports.
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Backchat
Kwik-Fit’s fittest
It’s been a while since Backchat has had the (dubious) pleasure of copping an eyeful of naked insurance workers in a calendar (Broker Layton Blackham unveiled a striking one a while back – the man holding the bomb is memorable).Kwik-Fit’s addition to the genre, in aid of cancer support charity ...
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Backchat
Safety Santa
Santa is a busy man this time of year, and Backchat is sure that he doesn’t have time to think about his insurance cover.But luckily for him someone else does. Royal & SunAlliance has prepared a list of all Santa’s Christmas risks, and has come up with the ultimate insurance ...
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News
Financial news
Arista northern growthArista Insurance, the commercial lines underwriting operation, said it was planning significant expansion into the north of England in 2008, starting with the opening of an office in Manchester this month.MMA rating increasesThe financial strength rating of insurer MMA has been increased to ‘A’ from ‘A-‘ by Standard ...
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Backchat
Ellis bets a feast on beating Willis
Despite the incessant mud-slinging going on between the networks, Backchat was heartened to discover that the Christmas spirit has, for the moment at least, prevailed.Apart from the commission-wrapped presents winging their way to Broker Network members, chief executive Grant Ellis – evidently shocked to hear of Willis UK boss Brendan ...
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Backchat
Meeting the Apprentice
In its latest Yuletide jaunt, on this occasion with BGL Group, Backchat was delighted to share the floor with none other than Tim Campbell, hallowed winner of the first series of The Apprentice.Campbell was a guest of Frank PR, the agency for Bennett’s. Having survived his two-year stint working for ...
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News
News in brief
FSA plans travel regimeThe FSA has set out its detailed plans for regulating travel insurance sold alongside a holiday – known as Connected Travel Insurance (CTI) – mainly sold by travel firms and holiday providers. The FSA also published its new Insurance Conduct of Business sourcebook (ICOBS) which sets out ...
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News
Lloyd’s misses two reform targets
The Lloyd’s market will miss its year-end targets for two electronic reform milestones, according to a report released this week.Lloyd’s also unveiled a price-monitoring tool and online coverholder system, in its three-year business plan also published this week.In its 2007 year-end progress report, Lloyd’s estimated that electronic claims files (ECF) ...
