Personall Lines – Page 194
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Broker Network see year end profits double
Network plans to expand signficantly over the next eight years.
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C-ZoneFor better or worse
The wedding season is in full swing but disasters can occur. Adrian Ewington explains why wedding insurance has become important
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News AnalysisAggregators question RBS turnabout
The emergence of Tesco Compare.com have some calling for fair competition.
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News
Rein in discounts, says Highway chief
Highway Insurance chief executive Andrew Gibson has warned that market deals with brokers and premium discounts need to be reined in if the motor market is to achieve profitability. The motor specialist this week unveiled its interim results which highlighted challenging market conditions. The company saw pre-tax profits rise ...
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Chaucer to focus on cars
Chaucer will focus on the recovering UK private motor market in 2007 as the commercial motor market continues to suffer from falling rates. Unveiling its interim results, the Lloyd’s insurer said it would be taking into account a predicted upswing in private motor rates in the coming months. It ...
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Zurich puts flood claims bill at £325m
?Zurich Financial Services Group revealed this week that it expected aggregate claims payments of up to $260m (£128m) in relation to the July floods. The news brings the insurance giant’s total aggregate claims from the summer floods to $660m (£325m). Last month it predicted that claims from the ...
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News
Norwich Union to take stake in broker Giles
Norwich Union (NU) is poised to take a minority stake in broker Giles Insurance in a move that will further fuel the debate over broker ownership. Sources close to the deal said the insurance giant was in advanced negotiations to buy a 7% stake in the privately owned broker. It ...
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Internet fraud set to sky-rocket
The internet has become a haven for insurance fraudsters and the crime spree is likely to sky-rocket as more insurers move business online.A survey by fraud specialist Absolute CM found that 75% of motor policy frauds were committed online. And 96% of frauds involving contrived claims were cases where the ...
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Online onlyThe terrorism challenge
Businesses cannot be complacent over the terrorist threat warns Aon
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News AnalysisOpen GI in tech tie up
New launch provides a cost effective way for smaller brokers to compare the market
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Online onlyInsurer launches risk management service
Ecclesiastical risk arm to offer health and safety
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ABC Insurance launches private car product
ABC Insurance, the LV= Group insurance business serving UK brokers, has launched a private car insurance policy.
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Online onlyAllianz boosts electronic trading capabilities
Long-term deal signed with business integration provider, Kewill
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Highway interims boosted by strong investment returns
Profits rise 60% despite underwriting loss
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Allianz claims switch puts 37 jobs at risk
?Allianz will soon be consolidating its claims divisions in a move that could cut up to 37 jobs.The company is reorgan-ising its claims divisions based on specialisation and will be closing its Leeds and Glasgow offices.Commercial property claims will handled in Birmingham, with motor and personal injury claims looked after ...
