Latest News – Page 1989
-
News
Web news...
Rise in PMI subscribersFor the first time in recent years, the number of subscribers to personal private medical insurance (PMI) policies grew year-on-year. ABI figures show that in 2006, 1,030,000 people had personal PMI policies, an increase of 1.8% from 1,012,000 in 2005.First published on 13 JuneECIC launches divisionThe Electrical ...
-
News
Chesterfield set to triple with underwriting drive
Focus on underwriting business to boost income to £300m by 2011
-
News
NU and Zurich take pleural plaques battle to Lords
Norwich Union and Zurich this week appeared in the House of Lords to argue that sufferers of pleural plaques should not be entitled to compensation. The insurers’ appearance before England’s highest court marks the final stages in the long-running dispute between trade unions, claimant lawyers and the insurance industry over ...
-
News
Groupama strengthens regional role
Groupama has appointed two regional business development managers in a bid to improve the service to provincial brokers. Simon Hurt and Anne Harrison both step up from their existing roles a?s strategic account managers. Groupama said their focus would be on the growing number of relationships with provincial intermediaries operating ...
-
News
US investor builds stake in Benfield
Investors kept an eye on Benfield Group, hoping that the FTSE 250 company could see a change of fortune.Traders noted that there has been some stake building in the broker recently, with US investment group Artisan Partners lifting its holding in the group to 22.9 million shares, worth 10.2% of ...
-
News
Struggling Aquilo is renewed, says CEO
The chief executive of struggling claims specialist Aquilo has insisted that the company has turned a corner and that 2007 would see its fortunes renewed.The AIM-list company has seen its share price slump from over 500 pence a year ago to around 35 pence. It has also failed to turn ...
-
News
Business as usual for insurance as Bermuda scandal breaks
Political unrest unfolding on the island of Bermuda will not impact on the insurance industry, senior figures have insisted.The island’s premier, Dr Ewart Brown, and other members of the Progressive Labour Party (PLP), have been drawn into allegations of corruption, which they strongly reject.Questions have been raised about the future ...
-
News
Allianz ups stake in CBG to 5.6%
Allianz Insurance has upped its stake in broker CBG Group this week to 5.6%. The insurer bought a further 340,000 shares in the Manchester broker, bringing its stake to 675,000 shares. The move follows last week’s placing by CBG of £3m shares.CBG said the investment was “strategic” and that ...
-
News
Guy Carp in ECF mandate
Guy Carpenter will not work with any managing agent from 2008, that does not process claims electronically.The reinsurance broker, which is part of the Marsh & McLennan Companies, said it intends to mandate the use of Electronic Claims File (ECF) for all in-scope claims in the Lloyd’s markets.This will come ...
-
News
NU plays down research linking whiplash injuries with premiums
Norwich Union (NU) has played down the impact that new whiplash research will have on motor claims and premiums. Motor research organisation Thatcham recently claimed that its study, which found that whiplash was significantly less likely to occur at speeds less than 10mph, would help insurers fend off fraudulent claims, ...
-
Online only
Gibraltar reduces corporate tax
Gibraltar's chief minister reduces corporate tax by 2%, which is now 33%, and pledges a flat, low rate by 2010
-
Online onlyRaising the game
Gibraltar is sharpening its regulatory teeth to prove it's no soft touch
-
Online only
Grant Thornton estimates economic impact of flooding - £50m
The UK's economic impact of today's flooding is estimated to be £50m
-
Online onlyLawyers slam travel ruling
Law firm opposes decision by the Treasury to regulate travel agents.
-
Online onlyGAB sets up disaster centre
UK loss adjuster, GAB Robins responds to latest flood damage across the country
-
Online only
Select & Protect captures 'first4cover' founder
Select & Protect, the provider of general insurance through financial intermediaries, appoints Paul Firkins as head of sales.
-
Online only
Fortis appoints head of affinity underwriting
Move part of drive to become major affinity player
