All articles by Sarah Kennedy – Page 2
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News
Price-cutting forces Amlin to rethink commercial focus
Lloyd’s giant Amlin this week said it would continue to reduce its participation in the UK commercial market, owing to intense competition within the sector. The warning came as the insurer reported record profits for the first half of the year, beating analysts’ forecasts. Amlin saw pre-tax profit increase by ...
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Equity buys RF Hobson to grow Staffs presence
?Equity Insurance has completed its third acquisition in eight weeks with the purchase of broker RF Hobson.Based in Lichfield, RF?Hobson specialises in commercial lines, part-icularly, fleet, agriculture and professional indemnity. It has a GWP in excess of £2m.The acquisition brings Equity to 80 branches in the UK, and a step ...
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NU sues ex-PR boss in fraud claim
Insurer issues High Court writ against Healthcare communications manager
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Arag and ATE team up
Legal expense providers Arag and ATE have teamed up in an attempt to take on the contract dispute after-the-event market. The tie-up paves the way for Arag to lead the market in offering unique legal expenses cover, said underwriting manager David Haynes.ATE came on board with a panel ...
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Insurers to reassess product recall risk
The recent spate of multi-million pound product recalls from China will lead insurers to reassess how to manage the associated risks, according to industry figures. Aon associate director Mark Quinn said many customers would soon make it a contractual requirement for their suppliers to buy product recall protection, but cover ...
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UK insurers face US mortgage fall-out
Legal actions launched in the US over bad loans may have to be paid for by London market insurers
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Dixons plans commercial comparison site
Hig street retailer's aggregator site to offer personal lines products by autumn
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Insurers team up with the Met to combat plant theft
Crime ring costs industry over £400m a year
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Relief as hurricane Dean calms
UK insurers are breathing a sigh of relief after the calming of Hurricane Dean which ripped through Jamaica and Mexico amassing about $1.5bn in insured losses.Hurricane Dean was a Category 4 when it swept through Jamaica last weekend and Mexico earlier this week, however, it stayed mainly offshore and in ...
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News
Fortis builds IT claims system
Fortis is in the midst of building an electronic system that can be used to immediately settle some travel insurance claims.The technology, built by the insurer’s IT team and costing approximately £600,000, received board approval last year and will be up and running by early next year, said John ...
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ABI: meet our demands or 500,000 lose cover
Insurers give ultimatum to government to adequately manage flood risks
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Ascot blasts ‘sloppy’ underwriters
Chief executive hits out at undisciplined underwriting at Lloyd’s
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ABI and Home Office in talks on sharing fraud data
Discussions are underway between the ABI and the government on the sharing of fraud data which could see benefits cheats and tax dodgers blacklisted by insurance companies.The talks are looking at how information on fraudsters held by government agencies and other public bodies could be shared with the insurance industry. ...
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ABC follows new Sheffield office with two in South
ABC Insurance, LV’s broker distribution arm, is to follow the opening of an office in Sheffield with two branches in the South of England. Phil Bunker, head of ABC, said plans were underway to open two additional offices in Bristol and Bournemouth by the end of 2008.Bunker admitted it ...
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Founding member of Westinsure Group to quit
A founding member of Westinsure Group is to leave the broker alliance amid claims that the group does not adequately support larger brokers. PSP Westinsure, which controls premium of £6m, will sell its 26% stake to other members by the end of 2007.PSP chairman Terry Parkins said the decision was ...
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Global insurers unite to tackle climate change
International insurance chiefs formulate strategy to pressure governments over climate threat
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