Latest News – Page 1923
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Online only
Insurer turns to 'digital fingerprinting'
Warranty Direct to avoid using Royal Mail by sending business electronically
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Online only
New appointment signals growth at Yorkshire-based broker
The Insurance Partnership hires new associate director
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Online only
Paint fire engines yellow, says research
Fire engines should be painted yellow to make them more visible, according to research.Motor insurance provider yesinsureranc.co.uk said its research and a number of other studies showed that vehicles painted with darker colours, such as red, are often less visible than those which are yellow. In the insurer's research, conducted ...
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News
Analysts warn of job cuts over credit crunch
n Hundreds of broker jobs threatened as weak dollar and credit crunch squeeze sector
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News
London’s assets to face increased flood exposure
Broker Network chief executive Grant Ellis is touring the country in a bid to retain members shaken by consolidator Towergate’s impending takeover.Ellis and his senior team are visiting six regions around the UK after fears that members were ready to leave when the company accepted Towergate’s £95m cash offer to ...
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News
News in brief
Cost of bank errorsBank errors and delays are costing the UK insurance industry more than £280,000 each year, as companies chase lost or delayed international payments, according to Travelex, the global business payments specialist. First published 31 OctoberBeazleyCargo launchedBeazley’s UK marine team launched BeazleyCargo, an online certificate-issuing system, which removes ...
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Comments/Letters
Resist the march towards disclosure
Andrew Paddick says the FSA may be unduly influenced by EC concerns on commission
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Comments/Letters
Letters
ABI’s MP lobbyingThe ABI fully supports its member companies lobbying on issues such as flooding (“AXA lobbies MPs over flooding concerns”, News, 1 November). We carry the collective weight of the industry in our discussions with the government, MPs and other stakeholders, and in the media. Members can both reinforce ...
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News
MPs in last ditch attempt to force U-turn on plaques
Government refuses to overrule Lords’ judgment as pressure builds
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News
Culver sets its sights on Lloyd’s presence
Culver is aiming to become the first Welsh Lloyd’s broker, as it looks to break into the top 50 UK brokers. Chief executive David Sullivan said: “We want to have a London market presence to become more significant and more specialised. “It would give us a wholesale capability and it ...
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News
Lucas Fettes looks to sell after co-founder retires
Managing director confirms company is seeking a larger consolidator partner
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News
Oval ends speculation as Allianz takes 10% stake
Oval has confirmed that Allianz has taken a 10% stake in the company, putting an end to weeks of intense speculation.The broker said that Allianz’s involvement would strengthen its ability to complete acquisitions, while allowing existing share-holders to make minor reductions in their holdings. Oval chief executive Philip Hodson said: ...
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News
Goldman Sachs enters Lloyd’s with syndicate
Goldman Sachs has entered the Lloyd’s market with the creation of a turnkey syndicate, it announced this week.The move comes amid speculation that the investment bank had been trying to extend its operations in the insurance market by buying broker Benfield. But the £700m deal is believed to have collapsed.Arrow ...
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Backchat
Hamster caged with death bikes
What is the best thing to do to reduce your life insurance premium after narrowly surviving a 288mph crash in a rocket-powered car? If you’re Top Gear’s Richard “Hamster” Hammond, stand in the middle of the Cage of Death at the MPH roadshow. The cage is a rusted steel orb ...
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News
Financial news in brief
R&SA signs IT dealRoyal & SunAlliance (R&SA) signed a 10-year IT out-sourcing deal worth £92m, with T-Systems. R&SA will outsource its IT and printing operations with 63 employees being transferred to the service provider. Markel GWP falls 8%Markel International reported an 8% fall in gross written premiums to $162m for ...
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News
AXA’s Leicester office faces axe and job cuts
AXA is considering whether to close its Leicester branch office and put up to 25 jobs at risk because of “significant changes” in the broker market.The insurer said that issues including consolidation, e-trading and an increase in networks had given it no choice but to discuss the future of its ...
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News
NU confirmed as insurer of blaze warehouse
Norwich Union has confirmed it is the insurer of the warehouse that caught fire in Warwickshire last week.The insurer said the loss could be millions of pounds. Loss adjusting sources put the figure at nearly £20m. The blaze at the vegetable packing warehouse in Atherstone on Stour, Warwickshire, last Friday ...
