Insurer
FSA reveals £404m payout for Independent claims
The Financial Services Authority (FSA) has revealed that since Independent Insurance went into liquidation in 2001, £500m of assets have been realised for the benefit of the creditors.
Capita's head of GI leaves after less than year in role
Capita's head of general insurance (GI) Brent Escott is leaving his post by mutual agreement after little more than six months in the role.
Open GI and Endsleigh pair up for charity quote offering
Software house Open GI has teamed up with Endsleigh Business Insurance Services to help cut the time needed for the insurer's charity insurance quotes.
FSA consults on new funding model review for the FSCS
The Financial Services Authority (FSA) has proposed changes to the funding of the Financial Services Compensation Scheme (FSCS) which it claimed could reduce the likelihood of interim levies and offer firms more certainty in the level of fees they pay.
Hiscox launches global media, entertainment and events division
Hiscox has merged its operations in global media, entertainment and events with a new division to be headed up by Suzanne Kemble.
AA: Home insurance premiums remain flat in Q2 but set to rise
The average cost of an annual home insurance policy, both buildings and contents, fell slightly over the second quarter of 2012, according to figures released by the AA.
Motor premiums back to upward trend, AA reveals
Car insurance premiums rose in the quarter ended June 2012, according to the latest AA British Insurance Premium Index.
Prime Professions reveals PI tie-up with Axis Speciality
Prime Professions has teamed up with Axis Speciality to offer private indemnity (PI) insurance to sole practitioners and small firms.
CMC launches new insurance business
iSmart, the Northampton-based claims management company, has launched a new insurance business.
RSA in partnership with John Lewis
RSA has been appointed to provide pet, wedding and event and home insurance for John Lewis Insurance.
Pioneer to launch professional indemnity team
Pioneer Underwriting has confirmed the upcoming launch of Pioneer PI on 1 August to write international and US professional indemnity (PI) business.
Allianz teams up with Saracens
Allianz has taken on the sponsorship of Saracens rugby club whose home ground in Hendon will be named Allianz Park.
Groupama boosts e-trading offering after broker feedback
Groupama Insurances has made a number of enhancements to Optima Property, its product for commercial and residential properties.
SSP snaps up new head of delivery for insurer division
SSP has moved to appoint Paul Webb as head of delivery for its insurer division.
CII on hunt for fresh industry talent
The Chartered Insurance Institute (CII) is on the lookout for the next batch of contestants for its New Generation Groups programme.
Aviva restructures Broker Independence Group offering
Aviva has confirmed that it will be using centres in Perth and Leicester to support the majority of members of its Broker Independence Group for their commercial lines requirements.
Collegiate swaps Hiscox for Canopius
Collegiate Underwriting has replaced Hiscox with Canopius for its professional indemnity range.
Ex-RSA chief leading Direct Line bid
Andy Haste, former chief executive of RSA, is leading a private equity consortium making a bid for Direct Line Group.
Poor personalised service biggest scheme gripe for brokers
A lack of underwriting flexibility, a slow response to queries and poor access to decision makers were the major frustrations cited by brokers when dealing with insurers over schemes, a survey released today reported.
Late payment improves in insurance
Late payment of bills by firms in the insurance sector improved in the second quarter of 2012, although the situation is still worse than a year ago.
Insurers face "perfect storm" over profits
Insurers are facing a perfect storm as a combination of factors will contrive to hit profits for the second successive year, a report released today has warned.
Student event aims to attract talent to industry
Insurance offers a world of opportunities, attendees heard at the 2012 Student Event, sponsored by the Worshipful Company of Insurers (WCI) and Brokerage Citylink.
Time for some divination
Open your hands and lift your palms up to the light...
Beazley swings back into profit
Beazley has reported a profit before income tax of $112.9m [£71.89m] for the six months ended 30 June 2012, reversing a loss of $24.2m in the same period of 2011.