Insurer
Review: Keeping the wheels turning
ABC Car from LV Broker. This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits. * = Poor ** = Average *** = Good **** = Very good ***** = Excellent
Products: Willis offers hotels cover against loss of reputation
Willis has teamed up with Lloyd’s of London underwriter Kiln to create Hotel Reputation Protection 2.0, a new policy designed to limit the financial fallout from negative public relations exposure for hotels.
Products: Aviva launches product to cover multiple cars
Aviva has launched MultiCar a new motor product that can cover up to five vehicles for families living under the same roof. Business vehicles can also be included provided they are all registered at the same business address.
Product roundup: Cleaning up in a commercial niche
Groupama is aiming to sweep up business in the cleaning world, an industry it believes has a turnover of £5.3bn a year. The latest addition to its Exclusively range, which is available for open market trading, allows brokers to flex their commission…
Reportage: LEI’s future in the balance
Legal expenses insurance faces an uncertain future but commercial could provide a lucrative new market, reports Louise Meeson
Profile: Two’s company...
Six months after RSA snapped up Oak underwriting, Steve Kingshott and Bob Trott tell Martin Friel how the companies’ different approaches are combining for an assault on the ultra high net worth sector
Failing to plan…
Broker start-ups need to set out a realistic business plan if they want to succeed in the current uncertain economic climate, explains James Sharp
Power hour: what SMEs want
The SME space is much fought over, but what is it that this disparate group of businesses want from insurers and brokers, and what do brokers need from insurers in order to deliver now and in the future? Caitlin Morrison finds out
Disturbing lack of faith
The centuries old principle of uberrima fides, or acting in good faith, has disappeared in non-business insurance, and the industry only has itself to blame, writes Tony Cornell
Homeserve suspends sales after mis-selling review
Homeserve has suspended all telephone sales and marketing following a review of its UK telephones sales operations and procedures.
Brokers missing out on untapped event market
Brokers around the UK could be taking better advantage of local event cancellation business, according to research commissioned by Beazley.
Invicta completes Fountain acquisition
Invicta Insurance Services has acquired the household and property owners’ portfolios of Fountain Insurance & Investment Services.
RBS offered £4bn for insurance division
Royal Bank of Scotland (RBS) has been offered £4bn for its insurance arm by private equity group CVC Capital Partners.
Lawyers warn of loophole in referral fee ban
Global law firm Kennedys has warned there is a significant loophole in the government’s proposed ban on referral fees.
LV appoints senior underwriter from Aviva
LV has appointed Tom Maughan as a senior underwriter for its Bournemouth branch which looks after brokers in Dorset, Hampshire, West Sussex, the Isle of Wight and the Channel Islands.
Profits tumble at Aspen
Aspen Insurance Holdings has revealed a 76% fall in third quarter profits to $22.2m (£13.8m) compared to the same period of 2010 when it made $92.8m.
Ecclesiastical aims for growth in Ireland with new MD
Ecclesiastical has appointed a new managing director for its Ireland business.
Allianz rolls out fleet changes
Allianz has unveiled new motor fleet products in a move to separate small fleet cover from that for mid to large businesses.
Aim restructures following difficult year
Aim Legal Expenses has undergone a restructure following a “period of uncertainty”.
Axa reveals 1% growth in UK P&C business
Axa’s results for the first nine months of 2011 have shown a small increase in UK property and casualty (P&C) revenue to €2.82bn (£2.47bn) from €2.79bn in the comparable period of 2010.
Ace posts Q3 loss
Ace has reported a net loss for the third quarter of 2011 of $31m (£19.4m) compared with a profit of $675m in the same period of 2010.
Escape of water costs home insurers £730m a year
Legal & General (L&G) has calculated that insurance claims for escape of water damage in UK homes cost the insurance industry £730m in 2010, nearly double the £370m cost of burglary claims over the same period.
ABI welcomes vote on banning referral fees
The banning of referral fees will be debated in the House of Commons next week and provided the vote is successful, will be added to Legal Aid, Sentencing and Punishment of Offenders Bill, Justice Secretary Kenneth Clarke has announced.
Ex-Axa UK CEO to chair Chaucer Syndicates
Former Axa UK chief executive officer Mark Wood has been confirmed as chairman of Chaucer Syndicates.