First Assist is in talks with insurance companies over a new type of uninsured loss recovery product that will make use of the company's wide range of assistance services.
Chief executive Tim Ablett said that the new broker-sold product would be part of an organisational change to focus on a customer-led proposition rather than product-driven approach.
Managing director Steve Wood said that the growth targets for the business were 12% increase in gross written premium per year from a base of £300m and a 30% annual increase in fee income from £25m to £80m-£100m in 2007.
Wood added that while R&SA was contracted to underwrite First Assist's products until 22 October 2004, the risk would be entirely pushed through to Munich Re.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
