Latest News – Page 2019
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News
Ex-Chubb motor chief to lead Hiscox’s high net worth expansion
Hiscox is set to ramp up its high net worth (HNW) motor book after picking up Chubb’s ex-motor chief to drive its expansion.Ashley Cole, former lead underwriter for motor and household at Chubb, will be responsible for building the insurer’s motor strategy to compliment its core household HNW offering.Glen Caton, ...
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Biba blasts FSA over ‘ludicrous’ proposals
No disclosure requirement for retail customers n Level playing field needed on commission disclosure
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Flood claims bill could top £5bn
The total insurance claims from the floods that ravaged the UK in June and July could top £5bn, industry experts have predicted.While official estimates of the insured losses from both last month’s floods in Yorkshire and the flooding over the weekend, were more conservative at between £2bn and £3bn, industry ...
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DSA-trained bikers set for discounts
Motorcycle insurers and key biker brokers have begun giving double-digit discounts to bikers that take government-approved advanced rider training ahead of the scheme’s official launch next month.Under the scheme, bikers taking lessons from approved Driving Standards Agency (DSA) instructors and achieving the two top grades may claim the discount from ...
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Web news…
Kane to succeed SatchellArchie Kane, chief executive of Scottish Widows, is the new chairman of the Association of British Insurers (ABI). He was appointed at the Association's AGM on 18 July and succeeds Keith Satchell who has concluded his two-year term.First published 19 July Rise in home insuranceThousands of homeowners ...
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Equity chief plays down Gibraltar transfer
Less than £50m of business to move from Equity to Advantage says Utley
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...as premium rates set to soar
Household insurance premiums could rise by between five and 10% at the end of 2007 as a result of in-creased catastrophe claims to hit UK insurers, according to Equity Red Star. Flooding in Yorkshire and southern regions of England, coupled with storms in January of this year, may force insurers ...
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Mondial to offer ticket cover
Protection for cancellation, illness and injury the first its kind
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Online onlyUK floods not as costly as repeat of 1947, says RMS
1947 flood would have resulted in insured losses of £4.5bn to £6bn if it reoccurred today
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Audatex launches new training course
Delegates will take hands on approach in assessing vehicle damage
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Brit announces restructuring
Changes include introduction of new underwriting forum, creation of two new claims divisions and appointment of three new execs
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Online onlyFitch says flood damage could exceed £3bn
But expects the flooding to have a limited rating impact on UK insurers
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No building on flood plains, urges ABI
Starling warns of impact on insurance availability if building in flood-prone areas continues
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Insurers bailing as fast as they can
Insurers pulling out 'all the stops', says ABI's Nick Starling
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PWS launches online first
PWS announces market's first real-time internet-based construction quotation system
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Junction steps up recruitment drive
Move part of plans to capture three million policy holders
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