Latest News – Page 1947
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Online only
Post Office expands insurance team
Four key appointments to drive product and consumer base growth
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Online only
Countrywide Launches Partner Broker Commercial
The Countrywide network extends its Partner Broker initiative to cover commercial business
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Online onlyBrit to set up Gibraltar-based reinsurer
Protected cell captive will allow Brit to retain more risk
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News AnalysisClimate change comes in from the cold
The ABI’s climate change initiative has persuaded key insurance companies to abide by a set of principles that will be the template for a new way of working. Andrew Holt reports
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News
Brokers seek insurer cash as credit crunch hits
Turmoil in credit markets could stall broker consolidation drive say industry figures
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Reports
A company scheme can be good for business
A company medical plan is a good device to retain employees and keep them healthy, says John Hancock
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News
News in brief
Lord Hunt to lead reviewLord Hunt of Wirral, a partner at law firm Beachcroft, is to lead an independent review of the Financial Ombudsman Service. .Ecclesiastical risk serviceEcclesiastical to launch a company offering customers an independent risk management service. The company, Ecclesiastical Risk Services, is planned for launch next ...
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FeaturesAvoid digital disaster
Cyber insurance is breaking out of its niche position as more companies acknowledge increasing electronic security threats. Anita Anandarajah assesses the challenges faced by brokers and the industry as a whole, in adapting to this ever changing market.
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Comments/Letters
It’s hard to go green
Tom Jones says insurers make it difficult to insure car use that cuts carbon emissions
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Backchat
Champs and chumps in Kart classic
?The changes were quite literally ringing at the fifth Insurance Endurance Go-Kart challenge, held last week in the hallowed confines of Daytona, Milton Keynes. While Lamp Insurance eventually edged Sagicor for the chequered flag, Backchat spies (ideally positioned at the back-end of the starting grid) observed that some teams were ...
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News
Web news
?Allianz panel reviewAllianz Insurance increased the size of its motor fraud investigations panel following a review of its five-strong panel. The six firms on the new panel are: Robertson & Co, Cunningham Lindsay (complex motor fraud unit), Watershed Claims Services, QuestGates, Inverita Validation Services and The Cotswold Group. Aon power ...
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BackchatGetting the full Monte
?To Monte Carlo where the insurance and reinsurance sectors were out in force for late nights of champagne, canapés and….yet more champagne. The lavish Aon party had live music, disco dancing, and mini shepherd pies,while the even more lavish Dubai Development Corporation boasted vodka ice bars, fire-eating magicians and violinists ...
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Comments/Letters
Travel mis-selling
I was interested to read in a recent article (Backchat, 30 August) that a survey commissioned by Sainsbury’s Bank found that “3.56 million people had fallen victim to dubious sales practices” when purchasing insurance from travel agents. Can this really be so? I would assume that the Financial Services Ombudsman ...
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BackchatWe’ll look after Biba’s beaver
?Backchat is always delighted to receive goodies in the mail, but was disappointed to learn that its latest acquisition – a stray beaver named Hairy – was strictly not for office use. It is believed that the stuffed rodent was sent from Biba House after a recent ...
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News
Hardy delays Bermuda decision
?Lloyd’s underwriter Hardy will not make a decision on redomiciling to Bermuda until the Treasury says whether it will cut taxes for UK insurers. Speaking as the insurer unveiled its interim results, Hardy finance director Jamie MacDiarmid said: “There are significant costs associated with redomiciling. We will wait to see ...
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News
Aquilo sells business units after delisting
?Claims specialist Aquilo has sold two of its business units a week after delisting from the stock market. Aquilo’s building claims business, AIRS, has been sold to building maintenance company Rok for £2.1m. Meanwhile Aquilo’s home contents replacement service, ABS, has been bought by Powerplay Direct, for an undisclosed price. ...
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News
Financial news
?Novae profit jumps 22%Novae posted pre-tax profit of £17.7m for the six months ended 30 June 2007, up 22% on the same period last year. Gross premium revenue fell to £135m from £147.6m in 2006. Benign season helps Omega profitOmega Insurance’s first half profit more than doubled to $20.4m ...
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NewsSanctions loom as market misses reform targets
Failure to reach 60% uptake of A&S repository raises questions of data quality
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BackchatEditor’s XI slumps at the kick-off
?Insurance Times editor Tom Broughton finally unveiled his starting team for the QBE sponsored fantasy football tournament which kicked off this weekend. Broughton’s team, known as the Editor’s XI, didn’t quite perform as he expected and is currently ranked in a lowly 1,250th spot in the overall league table, a ...
