Latest News – Page 2057
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Marsh poaches Aon team in Scotland
Marsh recruits Aon's Scottish Professional Risks team
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Biba announces link up with Imarket
Biba uses Imarket to offer full range of member schemes
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Two arrested in staged motor accident crackdown
Police arrest a further two suspects in dawn raids in the ongoing crackdown on cash for crash scam
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Sigma appoints Glasgow branch manager
Sigma names Stuart Main new branch manager for Glasgow office
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Liberty expands European operation
Liberty International Underwriters has opened a new office in Spain as part of a European expansion
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Backchat
Moody pets in a sweat
Not content with selling insurance on the back of its brake, exhaust and tyre repair empire, Kwik-Fit is using its call centre hotline to pioneer the latest Japanese innovation.In a change from the usual drone of department store-style music, Kwik-Fit Insurance callers, waiting to speak to a customer service representative, ...
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Backchat
Fantasy League battle over
The last ball has been kicked in this season's QBE Fantasy Football League, in association with Insurance Times. Over 5,000 people from all parts of the insurance sector joined the game and the competition has been intense throughout. Now, after nine months filled with intrigue and more than ...
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Backchat
Lloyd's smiles on Ugly Betty
A picture is worth a thousand words, but apparently the geeky smile of one US comedy star is worth $10m. And guess who has insured it?Known for covering the unique and unusual, Lloyd's agreed a multi-million dollar insurance policy with Aquafresh White Trays for the smile of America Ferrera, star ...
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Comments/Letters
Subsidising flood risk cover
Tom Flack seems to have misunderstood me in the piece entitled "Flood benefit call for low income households", (News Analysis,10 May). I have never suggested that housing benefit should be extended just to pay for flood insurance, that would be silly and would lead to all sorts of problems. ...
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News
Russian broker to set up in London
Oslo becomes first Russian intermediary to open an operation in the London market
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News
Talbot sold to Bermuda reinsurer for £200m
Validus Re acquires Talbot Underwriting for an estimated price tag of £200m
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News
Web news
Snowball resigns postsAviva confirmed that Patrick Snowball resigned as a director of both Aviva and its subsidiary, General Accident, with effect from 8 May 2007. First published on 9 MayImarket boostImarket transactions jumped 44% in just a month as new insurers join and an increasing number of products populate the ...
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News
Financial news...
Allianz profits flatAllianz reported first quarter pre-tax profit of £48.6m – a fraction below last year's figure of £48.7m. Net written premium increased by £13.1m to £290.9m over the same period, while the insurer's combined ratio improved to 96.1%. Allianz said intermediated personal lines motor new business was running at ...
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News
Saga set for £2.5bn flotation as banks help in 'exploring possible IPO'
Reports suggest Saga is in line for a flotation of £2.5bn later this year
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News
General Motors buys Provident for £170m
General Motors makes further inroads into UK insurance market with the acquisition of Provident Insurance
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News
Insurers face higher claims pay-outs under law reforms
Reforms to the civil law on damages could see insurers paying out millions extra in claims, insurers and lawyers have warned. The government paper, published last week, proposes changes to benefits and care packages, including the extension of fatal accident awards for bereavement and dependency. Kieron West, a partner at ...
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News
News in brief...
Dual expands rangeDual Corporate Risks, has unveiled plans for a new range of products called Dual Evolution. Dual Evolution's products will present coverage for mid-market directors, officers and professionals. Catlin faces AIG law suit Catlin is facing legal action from rival insurer AIG after the Bermuda-based company was accused of ...
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News
Brokers back new 'microcaptive' product
JLT and HSBC are set to join Smart & Cook and Giles Insurance in selling a new captive product, backed by City financier Sir Mark Weinberg.Synergy MicroCaptive, launched this week, is aimed at medium-sized companies, spending less than £1m on insurance cover. It adapts the captive concept used by larger ...
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News
FSA rejects calls for clarity over transparency probe
The FSA has rejected calls to provide details of the remit given to the research consultancy investigating commission transparency. Brokers had voiced their concern over the nature of the questions posed by the consultancy, CRA International. They claimed the questions were skewed in favour of mandatory commission disclosure, prompting calls ...
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News
R&SA quiet on AXA response strategy
Royal & SunAlliance has refused to clarify its strategy on how it will respond to any threat to distribution channels posed by AXA's acquisition strategy. Insurance Times reported last week that R&SA was developing a strategy to respond to any loss of independence of the brokers bought by AXA.Mike Lawton, ...
