Articles by Liz McMahon
Groupama completes claims consolidation with four senior appointments
Four appointments have been made as Groupama completes the centralisation of commercial and personal claims to its claims centre in Port Solent, Portsmouth.
Hiscox's H1 results reveal a fall in profits
Hiscox’s profits before tax have dropped to £97.2m (H1 2009: £141.1m) and the group combined ratio has increased by 5.8% to 93.6% (H1 2009: 87.8%).
Brit loses distribution head Tim Grant
Brit Insurance's head of distribution Tim Grant is leaving to join Dual Corporate Risks, Insurance Age can reveal.
BCIS study reveals nearly a third of UK home insurance policies are incorrect
Homeowners may have paid the wrong premium for their buildings insurance if they insured for market value rather than rebuilding cost, according to The Building Cost Information Service (BCIS).
FSA dishes out £150,000 fine as it bans five for insurance fraud
The Financial Services Authority (FSA) has banned five individuals for failings in relation to insurance fraud. It has also imposed one of its largest ever fines of £150,000 for insurance fraud on one of these individuals and £50,000 on another.
Allianz's half year results show GWP rise but profits drop
As part of Allianz’s half year results CEO Andrew Torrance has promised further double digit rate increases in private motor and said there was a “prospect of underwriting profit” in this area in 2011.
Aviva confirms rejection of RSA's £5bn GI offer
Aviva has confirmed it received a conditional proposal from RSA to acquire its general insurance (GI) businesses in the UK, Ireland and Canada excluding RAC and health for a sum of £5bn funded entirely from a rights issue by RSA.
Marsh and Mercer merge in Manchester
Marsh and Mercer have announced the consolidation of their Manchester operations into one location.
Axa launches SME product on Acturis
Axa has released a commercial combined e-trade product to brokers on the Acturis platform on an open market basis.
Dual targets SMEs via e-trading
Dual Corporate Risks has launched an e-business strategy targeting small to medium enterprise business (SME).
Commission seeks input on reforming broker liability
The Law Commissions of England and Wales and of Scotland are seeking views on whether section 53 of the Marine Insurance Act 1906 is still needed.
McMillan claims fall in Aviva's GI results is due to reserves
Speaking to Insurance Age, UK general insurance CEO David McMillan said the dip in Aviva’s UK general insurance and health underwriting results and operating profit was impacted by the insurer’s decision to release less reserves.
Director leaves Aon to head up Torus' UK casualty team
Torus has expanded its casualty platform with the appointment of David Whyman as senior vice president, UK head of casualty, based in London.
QBE reveals only one in six SMEs will hire staff this year
QBE's Investment in Staff survey of small and medium-sized enterprises (SMEs) has shown that only one in six (15%) of those questioned are looking to hire more staff in 2010.
E-commerce: Swift Assure quote-and-buy facility targets high-profile users
Leicester-based online broker startup Swift Assure has announced the launch of a new quote-and-buy facility.
E-commerce: RSA launches e-trading service for brokers
RSA has launched a new e-trading service for brokers as part of its bid to become a top three player in the small to medium-sized enterprise (SME) arena.
NIG launches property policy
NIG has launched its new Premier Property Owners product to a panel of up to 40 brokers.
Aviva enhances motor trade offerings
Aviva has made enhancements to its motor trade offering and commercial combined policies.
Defaqto finds only 21% of fully comp motor policies cover ULR
After analysing 223 comprehensive motor insurance policies, Defaqto has found insurers significantly vary in their approach to uninsured loss recovery (ULR).
Allianz updates business cover
Allianz Commercial has announced a revamp of its Commercial Select product.
Oxygen appoints new head of corporate risk office
Oxygen Insurance Brokers has appointed Simon Rowlands as head of office at Oxygen Corporate Risks in Leeds.
APC launches second product in Ireland
APC has launched a new office product specifically designed to cover Ireland’s traditional and home based businesses.
Government to consult on how to implement Jackson Review
The coalition Government has announced a consultation on implementing the recommendations laid out in Lord Justice Jackson’s Review of Civil Litigation Costs.
FSCS has paid out over £200m in compensation
The Financial Services Compensation Scheme’s (FSCS) annual report and accounts for 2009/10 has revealed that more than £204m has been paid out in compensation to over 21,000 claimants.