Insurer
Products: Auto-rated combined offering will boost “cross-selling potential”, says Acturis
Acturis has introduced a new “mix and match” auto-rated professional combined product combining professional indemnity (PI), directors’ and officers’ (D&O) and office and liability cover to the open market.
FSA warns brokers over mis-selling of add-ons
Regulator claims customers may have been sold add-ons and extras they neither want nor need
Sants departure gets mixed reaction
Hector Sants has announced his intention to leave the Financial Services Authority (FSA) for the second time, and this time it looks like it is actually going to happen.
Market moves: Ready for regime change
It was all about big names and big moves last month. The Financial Services Authority (FSA) lost two big players as it approaches the end of its reign as regulator.
Feeling lucky?
The continuing soft commercial market could be a major threat to the industry, unless lady luck intervenes again, says Tony Cornell
Uncovering fraud
Everyone in the insurance industry is in the frontline in the fight against fraud, explains Simon Arundel
Axa Commercial Lines claims first with Underwriting Academy
Axa Commercial Lines has launched an Underwriting Academy in partnership with the Chartered Insurance Institute (CII).
Hodges outlines plans for Towergate
Mark Hodges has stated that he plans to develop a more corporate structure for Towergate.
MMA CEO appointed deputy chairman of Covéa
Garry Fearn has been appointed executive deputy chairman of Covéa Insurance.
Fitch affirms RSA's rating at A
Fitch Ratings has affirmed RSA’s Insurer Financial Strength (IFS) rating at A, and its long-term Issuer Default Rating (IDR) at A-.
NIG wins contract for funeral director scheme
NIG has won the tender to underwrite the insurance for Lark Group’s SAIFInsure scheme, taking over the contract from Axa.
Lloyd's posts loss in worst ever catastrophe year
Lloyd’s has reported a £516m loss for 2011 in its worst catastrophe claim year on record.
R&Q acquires Guernsey insurer NFIL
Randall & Quilter Investment Holdings (R&Q) has acquired Northern Foods Insurance (NFIL), a captive insurer domiciled in Guernsey, for just over £700,000.
Jobs fears over Travelers restructure
Travelers Insurance has confirmed that it has undertaken a strategic review of its underwriting function and is currently consulting with UK-based underwriting and operations staff regarding its plans.
New professional risks MGA launched following Novae purchase
Nexus Underwriting Management has launched a new Lloyd’s MGA focusing on professional indemnity and management liability business.
Abbey Protection posts positive results
Abbey Protection has reported a 5% growth in profit, from £9.6m in 2010 to £10.1m in 2011.
MMA extends relationship with Kwik-Fit
MMA has joined the panel of Kwik-Fit-owned The Green Insurance Group.
Ex-Willis Networks MD Phil Scarrett joins ECIC
Phil Scarrett has been appointed as sales and marketing director for the Electrical Contractors’ Insurance Company (ECIC).
Ascot latest to blame catastrophes for poor set of results
Ascot Underwriting has reported a £12.6m loss for 2011, down over £100m on its pre-tax profit of £97.1m in 2010.
MMA appoints BDM for North East
MMA Insurance has appointed Alexandra Thomson as business development manager for the North East working closely with the insurer’s regional office in Newcastle.
Hiscox expands HNW motor capability
Hiscox has strengthened its UK art and private client division with three motor appointments.
Axa confirms Maidstone branch leader
Axa Commercial Lines has promoted Paul Wouldham to branch sales manager to lead the team at its Maidstone branch which opens on 4 April.
Lloyd's losses expected to approach £1bn as catastrophes bite
Lloyd’s is expected to report a near-£1bn loss in 2011 as the Japanese tsunami and Australian floods take their toll on the market.
Aviva raids RSA for new underwriting chief in personal and commercial lines shake-up
Aviva has appointed new heads of underwriting for both personal and commercial lines.