Insurer
Brokers unconvinved by signs of market hardening
Lone suggestion that the commercial market could be on the cusp of changing is dismissed by rest of market.
Product's roundup: Insurers save the best for Biba 2011
The last month has been all about Biba 2011 so, unsurprisingly, it dominates the content of the schemes and products pages. The most contentious aspect of the coverage however, comes from a scheme the trade body launched for non-PMI brokers. Its aim to…
Groupama chief slams legal profession over referral fees
The chief executive of Groupama Insurances has blasted the “lobbying power” of the legal profession in preventing the introduction of an outright ban on the use of referral fees.
More judicial reviews but no certainty of success, says RPC
There will be more judicial reviews following the decision by the Financial Services Authority (FSA) to increase the top limit of awards by the Financial Ombudsman Service (FOS) however recent events mean the regulators will be “emboldened” in defending…
Wave of new regulation tops insurance sector risks in poll
The greatest risk facing the insurance industry is the raft of new regulations being introduced simultaneously at international and local levels, according to a new survey.
Industry reacts to referral fee report
Lawyers and insurers have slammed the recommendation by the Legal Services Board (LSB) to retain referral fees in the personal injury marketplace.
No ban for referral fees, says LSB
The Legal Services Board (LSB) has recommended that referral fees be allowed to continue but with strengthened transparency obligations to manage their impact and prevent abuses.
FSA confirms new consumer complaint handling rules and ups FOS award limit to £150,000
The Financial Services Authority (FSA) has confirmed new complaints handling rules as part of a package of measures designed to drive up standards within the industry.
Insurance Age blog: Insurance isn't the problem says Galbraith
In a special guest blog, chief executive of the British Insurance Brokers' Association, Eric Galbraith, argues that the industry needs to work together to improve public perception.
Quinn losses reached €888m in 2009
Quinn Insurance lost €644m (£557m) in 2009, it has been revealed taking the overall group’s losses for the year to €888m.
Pruhealth slams "unsustainable" commission levels and unveils new model
PruHealth has adopted what it believes to be a more sustainable and transparent commission model.
British Insurance Awards 2011: shortlist announced
Today Post editor-in-chief Jonathan Swift is proud to unveil the shortlist for the 2011 British Insurance Awards.
Personal injury costs to approach £10bn, report says
Costs faced by the personal injury insurance industry are likely to rise from £8.4bn in 2010 to £9.7bn by 2014 driven by the growth in the number of motor personal injury claims according to a report by Datamonitor.
Insurers issue ash-cloud travel insurance advice
Aviva and Ageas have stated their positions on their travel insurance policies following the recent volcanic eruption in Iceland which has closed parts of the UK airspace.
Markel makes management changes
Markel International has made some senior management changes to Markel UK, its retail division, which it said were designed to allow the business to develop retail opportunities worldwide.
Arista establishes permanent presence in East Anglia
Arista Insurance has appointed Stephen Robinson as development underwriter for the East Anglia region.
Significant leadership changes at Zurich's commercial broker division
Following the recent changes in its UKGI commercial broker division, Zurich has announced further key appointments.
Barbican and Glemham part ways
Barbican Insurance Group has confirmed it is to cease providing underwriting capacity to Glemham Underwriting.
Macmillan Sheikh hits ground running with two new schemes
Following its launch, Macmillan Sheikh has unveiled two further schemes designed to provide a range of insurance cover to the cleaning industry and tour operators.
Evolution grows its own talent
Evolution Underwriting has appointed the first member of its new Insurance Professional Trainee intake.
Debating the mid-corporate commercial market
If you missed the recent live webinar debating the mid-corporate commercial market - it is now available for viewing on-demand.
Axa makes a third of its risk surveyors redundant
Axa Commercial has made 30% of its risk surveyors redundant as part of Amanda Blanc’s much publicised overhaul of the business.
Quinn family to take Anglo Irish Bank to court
Sean Quinn’s family has lodged an Irish High Court action seeking damages against Anglo Irish Bank over alleged negligence, breach of duty and intentional and/or negligent infliction of economic damage.
Insurance Age blog: Insurance just got (a bit) sexy
Yesterday was not a good day for Munich Re. A German business newspaper broke a story which has been the most amusing thing I have had to report on for a while or in fact ever. For those of you who managed somehow to escape the story, still the popular…