Insurer
Abbey Legal posts profit as it prepares for changes on legal landscape
Abbey Protection’s MD has predicted a blanket implementation of Jackson’s proposals as the legal insurer posted a 6% increase in pre-tax profits to £5m for Q2 2011.
Solvency II could impact personal lines, survey says
A survey of 170 interim executives working in financial services has found that 90% of respondents expect the costs of Solvency II to force smaller firms to quit personal lines insurance due to being unable to make a profit.
OFT pushes for PMI clarity
The Office of Fair Trading (OFT) has been forced to take action to promote transparency and comparability in the private healthcare market.
L&G hires new broker director ahead of personal lines push
Legal & General’s general insurance business has appointed Mark Holweger to the new role of broker and intermediary director.
Banks accused of another insurance rip-off
An investigation has uncovered further evidence of high street banks deliberately mis-selling insurance products.
Top three crash for cash hotspots maintain position in Q2
The Insurance Fraud Bureau (IFB) has released its second quarter 2011 statistics pinpointing the top 20 areas of the UK affected by crash for cash activity.
Travelers targeting Lloyd’s growth
Travelers has announced a series of promotions within its Lloyd’s operation, Travelers Syndicate Management (Syndicate 5000), to support long-term development in the market.
QBE launches first UK product via social media
QBE has launched a new travel insurance product in partnership with YearAbroadInsurance.com.
Brokers want service and commission for their schemes
Half of all UK brokers are managing various types of schemes and they want high commissions to keep it with one provider, according to a study.
Schemes head to leave Arista
Arista has confirmed that head of schemes Simon Henderson is to leave the company.
Public to foot bill if Quinn family succeed with legal action
Irish policyholders across Ireland will end up paying out if members of the Quinn family are successful in their legal actions against Quinn Insurance.
MSL launches HR service for brokers
Alan Mills has been hired by MSL Legal Expenses to lead its new HR service.
Ellis joins Prince’s Trust Insurance Leadership Group
Grant Ellis, chairman of the Broker Network Group and Countrywide Insurance Marketing, is set to join the committee of The Prince’s Trust Insurance Leadership Group (ILG).
Legal expenses provider loses two senior directors
ULR has announced that two senior directors have left the company.
Hardy reports large jump in COR
Bermuda-based Hardy Underwriting has announced a 17% deterioration in its combined operating ratio to 119% for the first six months of 2011.
Weak UK results disappoint IAG
“Disappointing” was the word repeatedly used by Australian giant IAG about its struggling UK business, dominated by Equity Red Star at Lloyd’s that has been ravaged by bodily injury claims.
Motor insurers move to help volunteers
Motor insurers have agreed not to charge extra premiums to volunteers who want to use their cars to help out their local communities such as by taking old and sick people to hospital appointments or on day trips.
Ecclesiastical to push COR below 98%
Group chief executive Michael Tripp said he was focused on reducing volatility and getting Ecclesiastical's combined operating ratio (COR) below 98%.
Significant scale change pleases Ageas chief
Barry Smith, chief executive of Ageas UK, has claimed the insurer is on track to break the 100% combined operating ratio (COR) barrier but warned again that he saw no real signs of commercial market hardening.
Aviva online motor brand goes live
Aviva has launched its new online car insurance brand, Quote me happy.
Ecclesiastical reports positive profit swing
Ecclesiastical has continued its yo-yo results trend with a pre-tax profit of £15.6m for the first half of the year(£9.9m loss in H1 2010) but its combined ratio remains above 100%.
Admiral's Engelhardt on Jack Straw and Confused.com
Henry Engelhardt, chief executive officer of Admiral, has welcomed Jack Straw’s intervention on referral fees but with certain crucial caveats.
PMI provider claims data sharing first
Universal Provident has claimed to be the first provider to disclose claims information on private medical insurance (PMI).
Bodily injury claims starting to impact, admits Admiral’s Engelhardt
Chief executive officer at Admiral, Henry Engelhardt, has revealed that bodily injury claims have started to noticeably affect the insurer in the past year.