Insurance Age staff
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Equity Red Star designs fleet risk management product
Equity Red Star has designed a fleet risk management product to reduce claims frequency, save costs ...
Confusing language is a barrier
I have just received another jargon-filled email from the Financial Services Authority (FSA) introdu...
AON comletes takeover
Aon completed the takeover of Benfield for £3.50 per share in cash, in addition to assuming £91m of ...
August
The UK's first Sharia-compliant insurer announced plans to target tens of thousands of small Muslim-...
Fortress creates new structure
Fortress Underwriting has revealed plans to enhance its brand by rolling out a new growth strategy, ...
Appointment at Allianz Commercial
Allianz Commercial has recruited David Price as a project manager within its change management team....
Appointment at Aon
Aon has recruited Mark Chessher as its chief financial officer for Aon Limited and Aon Risk Services...
Insurance Age on-air news review
Insurance Age news editor Sarah Hills provides a run down of the major news stories from the week - watch it now .
HSBC selects Junction for major motor insurance partnership
Insurance affinity specialist Junction has announced a five-year contract with HSBC, to provide motor insurance products and services to the bank’s customers.
Underwriting vehicle gives regional brokers access to specialist markets
A new underwriting vehicle has been established to provide regional brokers with access to sepcialist markets.
Ecclesiastical posts significant loss in half year results
Ecclesiastical has blamed poor stock market returns, metal theft and its “modernising” drive for a poor performance in the first six months that saw it report a pre-tax loss of £21.5m.
LV confirms acquisition talks with Highway
LV has confirmed a recommended cash offer for the share capital of Highway Insurance Group.
Broker-only insurer in takeover talks
Highway has confirmed it is in “advanced discussions” regarding a possible takeover with a third party operator.
Global insurance broker in Ireland changes name to Willis
Coyle Hamilton Willis, the Irish subsidiary of Willis Group Holdings, the global insurance broker, will change its name to Willis Risk Services (Ireland).
Atlas Partners to launch corporate finance advisory practice
Atlas Partners LLP, led by managing partner Paul Lumbis, will launch an insurance-focused corporate finance advisory practice.
Event Assured launches event insurance website for brokers
Following two years of development, Event Assured have unveiled its full cycle EDI event insurance website – www.event-insurance-online.com.
KGM embarks on product development drive
KGM Motor Insurance, a specialist provider of motor insurance products to niche markets, has revealed it has embarked on a new phase of product development.
Marsh warns of jewellery underinsurance
Marsh has warned jewellery collectors of the risk of underinsurance in the wake of spiralling diamond and precious metal prices. Over the past 12 months, the price of large diamonds has increased by an average of 30% while platinum has almost doubled,…
Insurance Age on-air news review
Insurance Age news editor Sarah Hills provides a run down of the major news stories from the week - watch it now. The top broking news includes; NU in talks over sale of commercial direct; Network battle turns nasty with legal threats; Lycetts buys city…
Garwyn Loss Adjuster launches expert investigation service
UK loss adjuster, Garwyn has launched of an investigation service for claims enquiry’s, in response to the changing market. Garwyn Investigation Services (GIS) has been designed to address the commercial challenges facing the insurance sector, providing…
Get redundancy right or pay later warns Allianz
Allianz Legal Protection has reporting a record number of calls concerning redundancies to its legal protection helpline, Lawphone. In July 2007, just 2.4% of employment-related calls concerned redundancy, rising to 36% in July 2008.
Deloitte responds to Which? advice
A survey by Deloitte has found that 53% of consumers are now using price comparison websites to purchase their personal insurance products, following the advice from Which? Money to consumers using price comparison sites to buy insurance products.
Aon confirms plans to acquire Benfield.
Both boards have agreed a deal representing £3.50 ($6.55) per share in cash and assume £91m ($170m) of Benfield net debt, representing an enterprise value of approximately £935m ($1.75bn) on a fully diluted basis.