Articles by Insurance Age staff
Highway predicts 2008 will provide diappointing earnings
Highway Insurance Holdings has released an Interim Management Statement and trading update in advance of its Annual General Meeting as required by rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority.
AIRMIC and Advisen combine for benchmark survey
The Association of Insurance and Risk Managers (AIRMIC) and Advisen, a provider of benchmarking services to the global commercial insurance industry, has launched an initiative to provide programme benchmarking to buyers of insurance in the UK.
Aon promotes female talent to branch director roles
Aon has promoted two of the insurance industry’s businesswomen, Jane Kielty and Lisa Bartlett, to the roles of branch director in Manchester and Birmingham, respectively.
Ex-Aon team form new credit insurance support operation
Chris Baker, Deana Kearns and Eileen Barter, formerly of Aon Trade Credit have formed Credit Insurance Alliance (Brokers), a new specialist support operation designed to enable general insurance brokers to realise the potential of their client portfolio…
Kwik-Fit Fleet launches road risk management survey
Safety-focused Kwik-Fit Fleet, Britain’s largest independent fast-fit company, will be launching a major occupational road risk management survey in conjunction with RoadSafe, which is managing the Government’s ‘Driving for Better Business’ programme.
IIB members fear commission disclosure
The Institute of Insurance Brokers (IIB) has received feedback from many troubled members in connection with the Financial Services Authority (FSA) Discussion Paper - Transparency disclosure and conflicts of interest in the commercial insurance market.
IASB support development for global insurance standard
A report issued by Ernst and Young has shown that overall the insurance industry and its constituents have given the International Accounting Standards Board (IASB) strong support for the development of a high-quality global insurance standard, with many…
Increase in insurers outsourcing despite FSA concerns
A recent survey carried out by International law firm Pinsent Masons LLP has revealed that the appetite of major insurers for outsourcing is likely to increase in 2008, which suggests that insurers feel confident that their arrangements are sufficiently…
16 million school run drivers have had an accident, says Sainsbury's
Research commissioned by Sainsbury’s Car Insurance reveals that over 1.6 million people, or 8% of school run drivers, have had an accident whilst on the "run" in the last five years. Of those undertaking the school run, either driving children to school…
Ferma call on member participation for Solvency II implementation
The Federation of European Risk Management Associations (Ferma) has called on its member associations to play an active role in developing the detail of Europe’s new prudential regime for insurers, Solvency II, so that captive insurance companies are…
Norwich Union issues trading statement
Aviva has reported its general insurance business is on track to “meet or beat” its target group combined operating ratio of 98%.
IIB supports Treasury’s financial stability report
The Institute of Insurance Brokers (IIB) has expressed its support for the overall objectives expressed in the joint publication by HM Treasury, the Financial Services Authority (FSA) and the Bank of England – Financial stability and depositor protection…
Keychoice extends Fortis relationship
Fortis Insurance and the Keychoice Network have extended their existing trading relationship to provide Keychoice Network members with access to a range of SME commercial lines products with enhanced commissions.
LV calls for stringent EU wide driving standards
A new report ‘The rise of EU drivers in the UK’, commissioned by car insurer LV, has revealed that the number of resident drivers from other EU states has risen by 270,000 in the last six years and HGV traffic from the EU has increased by a third.
Arista boosts team for Northern brokers
Arista Insurance, the commercial lines underwriting operation, has increased the key resources available to its North West based brokers with the appointment of a broker development manager and senior underwriter at its recently established Manchester…
Harmer to chair Market Reform Group
Peter Harmer, chief executive of Aon UK, is to become chairman of the London Market Reform Group (MRG). He will succeed Stephen Matanle, managing director of Libero Ventures.
RBSI rumours continue
Market gossip about the sale of the Royal Bank of Scotland’s insurance brands has reared its head again for what must be the millionth time in the past two years. Except this time it’s a bit different, writes Charlie Thomas, reporter, Professional…
Cardif Pinnacle launch web portal
Cardif Pinnacle, the provider of income protection insurance products has launched its new website portal www.helpucover.co.uk.
RBSI rumours continue
Market gossip about the sale of the Royal Bank of Scotland’s insurance brands has reared its head again for what must be the millionth time in the past two years. Except this time it’s a bit different, writes Charlie Thomas, reporter, Professional…
Zurich launches new UK unit
Zurich Global Corporate’s mergers and acquisitions unit has expanded its operation through the opening of an office in London.
New broker portal launched to serve complex risks
A broker portal has been re-launched, specifically designed to meet the needs of the small to medium sized independent broker. The portal, brokers4brokers.co.uk, has been acquired by independent intermediary, Delite Insurance Agency, and will act as an…
Beware the rise in PI tourism, says law firm
Despite efforts by the EU to simplify the interpretation of national laws, the UK insurance industry is being exposed to significant risk from complex cases involving motorists of differing nationalities, according to insurance law specialist Browne…
Report highlights risks of driving without insurance
Hundreds of thousands of British motorists have admitted to driving without insurance, according to MoneyExpert.com.