Insurer
LV looks within for new risk chief
LV has announced the appointment of Steve Haynes as chief risk officer, subject to regulatory approval.
FOS names and shames PPI providers
The Financial Ombudsman Service (FOS) has named the providers of payment protection insurance (PPI) cases as it announced that complaints more than doubled to 98,632 in the first six months of 2011 compared to the second half of 2010.
PPI complaints soar to new high
The Financial Ombudsman Service (FOS) has revealed it handled 98,632 new complaint cases for payment protection insurance (PPI) in the first six months of 2011, more than double the total of 46,275 in the previous half year.
MMA deal leads to scheme option for UK General brokers
UK General has signed an extension to its capacity deal with MMA to broaden the terms of its tradesman’s liability offering.
IUA claims first in measuring London company market
The London company market is worth at least £12.6bn net of commission - £16.4bn including commission - according to the International Underwriting Association (IUA).
Solicitors' PI hit by further blow as Aspen exits
Aspen Risk Management has become the latest insurer to pull out from the solicitor’s professional indemnity (PI) market.
What’s the Big Idea?
In May this year, Insurance Age teamed up with Axa Personal Lines to launch the Big Idea at Biba 2011. Broker entrants from across the UK submitted 100 words detailing what their Big Idea was and those that held the most promise have been asked to submit…
Lloyd's backs ABI on compensation culture
Lloyd’s has announced its support for the Association of British Insurers’ (ABI) report on Tackling the Compensation Culture and warned that Britain should avoid going down the same path as the US.
ABI calls for end to compensation culture
The Association of British Insurers (ABI) has called for reform of Britain’s compensation culture laws claiming that UK consumers pay £2.7m a day to claimant lawyers through their motor insurance premiums.
Travelers looks to QBE for PI hire
David Sawyer has been appointed as assistant general manager responsible for the professional indemnity (PI) portfolio at Travelers Insurance.
Chaucer appoints Ball to Lloyd's property syndicate
Chaucer has appointed Simon Ball as international property treaty underwriter within Chaucer Syndicate 1084’s property division.
Products: Cover from when the hammer falls
The high net worth antique and auction market has seen a recent focus on product development for both a broker and an insurer.
Products: Lexelle fuels market with expanded range
Wholesale broker Lexelle has launched a range of new products to help brokers meet customer demand.
Products roundup: Blanc divorces simple from complex at Axa
Amanda Blanc’s long-awaited strategy for Axa Commercial is unveiled this month and she is confident that it is what brokers want and need from an insurer. The division of simple and complex risks certainly seems to make sense and brokers may welcome the…
Insurance Age blog: The calamity that is claims
Claims are given quite a lot of air time. Everyone seems to have an opinion about them - unfortunately most seem to centre upon what other people are doing wrong.
Motor drives combined operating ratios down but it’s not all one way traffic
Rate rises in motor boost half year results but commercial market hardening remains elusive
Farewell to the pool
The Assigned Risk Pool will eventually close in 2013, but entrants to the solicitors’ PI market are already trying to exploit this
After the riots
Rioting in August took the country by surprise, but the insurance industry responded well, experts say
Profile: Visions of the future
Aviva’s Jodi Grattidge explains to Martin Friel why e-trading has a bright future
Market moves: All the fun of the fair
Summer is traditionally the time for going on holiday. The urban legend is that September follows as the month with the highest number of resignations. People coming back have reflected, probably on a beach, that they did not enjoy their job and become…
Power hour: High on the agenda
High net worth clients are not feeling the global downturn as much as others and are placing ever greater demands on both brokers and insurers, reports Emmanuel Kenning
Boardroom equality
Making boardrooms more equal is not just the right thing to do, it could also have business benefits, explains Peter Done
How to… manage other people
Are you ready to take the next step – what does managing other people involve?
The shopping spree is over
The golden years of mergers and acquisitions are over. Now it’s time to manage the debts, says Paul Upton