Louise Meeson
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RSA announces £30m impact of Chile earthquake
RSA, a leading insurer in Chile, has announced an expected financial impact of £30m, net of reinsurance, for claims arising from the earthquake.
Arag raids DAS and RSA for new hires
Bristol-based legal insurance firm Arag UK continues its recruitment drive with two further appointments.
Admiral profits increase by 7%
Admiral has reported a 7% increase in profit before tax to £216m for 2009, compared to £203m the previous year, while turnover rose 18% to £1.08bn (2008: £910m).
Police warn of rise in staged road traffic accidents
The Metropolitan Police has warned of an increase in deliberately induced road collisions in the M25 area.
NEDs receive "inflation busting pay increases"
The average basic fee for non-executive directors (NEDs) in the FTSE-100 has risen by 5.1% over the last year to £58,595, according to Incomes Data Services (IDS).
Sterling raids Hiscox for HNW underwriter
Sterling Insurance Company has appointed Jane Flaherty as a senior High Net Worth (HNW) underwriter based in the Midlands.
Chile earthquake insured losses likely to top $2bn
AIR Worldwide estimates that insured losses from the Chile earthquake are likely to exceed $2bn and that total economic losses may exceed $15bn.
More than 30% say RDR review will benefit no one
New research from Paaleads.com, Moneysupermarket.com’s lead generation business, shows that 31% of its financial advisers say the proposed retail distribution review (RDR) will benefit no one.
Law firm claims more companies may fight FSA decisions
Mathew Rutter, financial services partner at law firm Beachcroft, said: "The FSA has told firms to "be afraid", and now we know why."
Towergate Underwriting expands into Newcastle
Towergate Underwriting has opened its new office in Newcastle to serve brokers based in the North East and Cumbria.
FSA fines could treble in size
The Financial Services Authority (FSA) has published its new penalties policy, which it claims "establishes a consistent and more transparent framework" and could see enforcement fines treble.
Argo extends adds marine cargo to its portfolio
Argo International, a specialist Lloyd’s insurer and subsidiary of Argo Group International Holdings, has extended its platform with the addition of marine cargo to its portfolio.
CFC partners with Crawford
Specialist lines underwriting agency, CFC, has appointed Crawford & Company as its strategic partner to deliver a claims administration interface for its brokers and their clients.
Jubilee unveils new CEO
Jubilee has announced the appointment of Xchanging founder Clive Buesnel as group chief executive officer, with effect from 1 May 2010
UK businesses improve payment performance
UK businesses improved their payment performance for the fifth time in the last six months in January, according to the latest Late Payment Index from Experian.
Ansvar hires sales director
Ansvar Insurance has appointed Richard Lane to the newly-created role of sales director.
ABI welcomes Government asbestos pledge
The Association of British Insurers (ABI) has welcomed the announcement by the Justice Secretary Jack Straw of a package of measures to help people with asbestos-related diseases.
Aviva joins forces with SSP
Aviva has teamed up with global IT company SSP to give 600 extra brokers access to personal lines products.
Over two-thirds start insurance search on comparison websites
New research from Global Reviews, the customer experience benchmarking company, has found that over two thirds (70%) of people now start their searches for insurance on a comparison website.
Biba criticises RICS transparency report
The British Insurance Brokers’ Association (Biba) said it is disappointed with the Royal Institution of Chartered Surveyors (RICS) final report Transparency in professional fees.
Aon unveils new regional structure
Aon Risk Services has appointed eight new area directors to its regional business, Aon Corporate.
IGI Legal Assist awarded Investors in People accolade
IGI Legal Assist, the legal expenses arm of specialist UK general insurer IGI Insurance, has had its Investors in People review and has successfully met the required standard.
FSA issues warning following rise in 'boiler room' activity
The Financial Services Authority (FSA) has warned of an increase in overseas fraudsters selling shares using the names, registration numbers and addresses of FSA authorised firms and individuals.
Markerstudy's acquisition of Zenith completes
Following regulatory approval, Markerstudy Holdings has now completed the purchase of Zenith Insurance, incorporating Link Underwriting Agency and GHL Insurance Services.