Latest News – Page 1934
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Value of Russian insurance market could double to $41 billion
But Lloyd's report also points to "significant challenges"
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News
FSA finds £9bn capital shortfall
Insurers under estimated their regulatory capital requirements by a total of £9bn, a review by the FSA has found. The FSA said that 50% of companies had failed to make a “sufficiently robust” assessment of the amount of capital they needed to hold, known as the individual capital assessment (ICA). ...
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News
Towergate unveils plans for e-trading revolution
Warning of complexities surrounding pioneering commercial e-trading plan
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News
Unitas chief hits back at Ellis ‘talking shops’ jibe
Unitas Alliance chairman Ron Forrest has hit back at claims that alliances are of no benefit to brokers. He was responding to an attack by Broker Network chief executive Grant Ellis.Ellis had told a Biba regional conference that alliances were “no more than talking shops” which “promise a lot but ...
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C-Zone
Going Places
BrokerNMBNewman Martin and Buchan (NMB) has appointed Hilde Thon as a director of its energy division. Thon has 25 years’ experience in the marine and energy broking sector. She previously worked in the Norwegian insurance market before moving to London in 2005. AonAon Re Services has appointed Simon Martin as ...
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FeaturesTop 20 Brokers: North West
Insurance Times and sponsors Groupama and Liberty brought together the broker elite to determine the best brokers in the North West
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C-Zone
Household policy liability
How does liability arise under the legal liabilities cover, provided under a household policy?
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Features
A life in Lloyd's
Chris Harman is a traditional Lloyd's broker who believes the market has a masochistic streak. Andrew Holt explains
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FeaturesUp close and personal
Danny Walkinshaw took a trip to Manchester to see how Brit’s new regional trading floor is bringing brokers and underwriters face to face
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Backchat
‘Fat Gatt’ tucks in but bails out
It is always a pleasure to watch top class cricketers at the peak of their game. Unfortunately, for one legend of the English game, his cricket skills seem to have somewhat deserted him over the years. At the launch of Brit’s Manchester trading floor last week, Mike Gatting, or Fat ...
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Backchat
Direct Line challenge
Moneysupermarket is putting out a challenge to Direct Line. The aggre-gator giant has invited the insurer to join its panel – for free. Moneysupermarket said it wants to smooth over a longstanding anti-aggregator battle with the direct insurer by showing the benefits of being on a price comparison site.Typically, insurers ...
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News
News in brief
Bridge in network tie-upBridge Insurance Brokers was named the sole UK representative for Brokers Link, a worldwide network of independent insurance brokers. First published, 10 OctoberBrit telematics technologyBrit Insurance launched an online fleet risk management service in the UK. The service will incorporate telematics technology, which can warn fleet ...
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Your comments on stories appearing in Insurance Times and on the website www.instimes.co.uk over the past seven days
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News
NU sues for £162,000 in alleged claims fraud
Norwich Union (NU) is set for a High Court battle against three people to get back more than £162,084 allegedly obtained through fraud.The civil proceedings stem from a case involving former NU claims adviser Carol Birrell, who was convicted of fraud and jailed for five years in 2005.Birrell had ...
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News
Web news
Windstorm cost warningRisk Management Solutions said a repeat of the great windstorm that hit southern England and northern France in October 1987 would result in insured losses ranging between £4bn and £7bn across Europe. The storm caused £1.4bn of losses. First published, 15 OctoberFlood rate relief lossCommercial properties affected by ...
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News
Hiscox to withdraw from sidecar operation
Hiscox is to wind down Panther Re, the first ever Lloyd’s sidecar operation, at the end of this year.The insurers said it had decided with its equity partners that the financial opportunity for 2008 did not merit renewal of the reinsurance vehicle.The move comes less than a year after Panther ...
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Backchat
Lights out – bah humbug
The insurance industry may find a lump of coal in its collective stocking this year, following reports of Grinch-like behaviour.Warnings of a Christmas blackout came from business associations this week after new regulations and insurance premiums reportedly increased the price of town festive displays to as much as £25,000.Businesses in ...
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News
Consolidation surge before capital gains rise
A surge in broker consolidation has been predicted as sellers look to avoid increases in capital gains tax announced in the Pre-Budget Report. But there were mixed views on how the proposed changes would affect acquisition prices.Last week the Chancellor, Alistair Darling, said capital gains tax would increase from ...
