Insurer
Products: Builders to benefit from latent defects product
The National Register of Warranted Builders, a subsidiary of the Federation of Master Builders (FMB), has launched a new latent defects product through the Build Assure brand.
Products roundup: Products aimed at gamut of professions
The fixation the market has on liability products and all things professional continues this month with several such products hitting the market and a new landowners’ liability product assessed by a stalwart of our broker product review panel, Bluefin’s…
Aviva plan to go regional will “speed up decision-making”
Corporate business underwriting to be conducted regionally in Glasgow, Leeds, Manchester and Birmingham
Brokers increase their PI footprint
Professional indemnity market shows no sign of slow down and attracts slew of new entrants
Power hour: Where there’s a claim...
Successfully handling claims means picking the right ones to defend and getting to grips with risk managment, reports Emmanuel Kenning
Reportage: The route to scheme riches
Enhanced commission and profit shares from insurers can mean schemes could be a treasure trove for brokers with a good idea, writes Rachel Gordon
Profile: Banking on growth
Towergate chief executive Mark Hodges tells Martin Friel about his plans to transform the entrepreneurial and acquisitive company into a thriving corporate (“with a little ‘c’”) entity
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.