Latest News – Page 1921
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News
Ex-Westinsure MD sets £100m target for start-up
Start-up network the Purple Partnership is looking to reach £100m in annual premium income by 2011.The new network, set up in collaboration with former Westinsure managing director Bob Parkins and broker Jelf, is hoping to take advantage of the “mass of brokers” that are still independent.Parkins, who is managing director ...
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RI3K chief warns of changing standards
RI3K chief executive Alex Letts has warned that the London market’s adoption of electronic systems is being slowed by changing messaging standards.Letts said that the continued development of the Acord and Market Reform Programme Office (MRPO) standards meant that providers of electronic placement systems, such as RI3K, had to modify ...
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FeaturesBringing the business back home
Michael Faulkner talks to Legal & General’s Jane Dale, managing director of general insurance, on the company’s focus on household busine ss and how it has been affected by the summer of floods
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NU telematics system highlights driver fatigue
More than half the motorists monitored by Norwich Union’s (NU) telematics devices are exceeding the government-recommended maximum journey time without taking a break, running the risk of fatigue-induced collisions, said the insurer.Kay Martin, head of telematics, proposition and strategy for NU, said fatigue and nodding-off behind the wheel was one ...
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R&SA sacrifices volume for profitable growth
Royal and SunAlliance (R&SA) is prepared to continue to shed volume in order to pursue profitable growth, following a 5% decline in its commercial lines book.For the first nine months of 2007 R&SA’s commercial lines net premium fell by £67m to £1,206m, due largely to withdrawal of capacity in its ...
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Fortis gives rate warning
Fortis Insurance chief executive Barry Smith has warned that insurers’ hunger for market share could hamper the recovery of the commercial lines market.Smith said that, despite the major insurers’ moves to increase commercial lines rates, there was still uncertainty as to whether rates would increase across the market.“The commercial market ...
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Highway’s broker arm to to launch aggregator
Highway’s broker arm, Hero, is set to launch its own aggregator early next year in an attempt to drive the group’s digital distribution strategy. The news came as Andrew Gibson, chief executive of Highway, laid out plans to grow the group’s GWP by 20% to £300m over the next ...
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New Allianz division as weather hits profits
Allianz Insurance saw its profits for the first nine months of the year hit by the £83m cost of weather-related claims in 2007.The company also announced the creation of a new personal lines division.The insurer reported third quarter pre-tax profit of £109.4m, down £62m compared to the same period last ...
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Angel launches new service
Underwriter introduces risk management support service for brokers
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Citybond takes on Aon's travel book
Citybond to grow book alongside tour operator, travel agent and broker networks
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Venture Preference acquires three brokers
Ventures Preferences boosts GWP by £25m after broker acquisitions
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Ecclesiastical to combat metal theft epidemic
Ecclesiastical teams up with forensic security company r to protect insured churches from metal thieves
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Allianz Insurance creates new trading division
Claims director Dye to head Allianz Retail
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Melling steps in at Marsh
New man to drive growth for Marsh’s consumer business across EMEA
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One in, more to follow?
The Purple Partnership could be the first of many more broker networks to hit the market
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Airmic welcomes insurance law reform plans
Law Commissions proposals would bring greater clarity to policyholders
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Berkeley Alexander makes inroads into mortgage market
Company to supply general insurance prodcuts to members of the HomeLoan partnership network
