Insurer
Insurance sector paying bills later
Companies in the insurance sector paid their bills an average of 19.78 days late in the third quarter of 2011, an increase of nearly 1.5 days on the previous three months, according to research from Experian.
New name for Quinn following sale
Quinn Insurance will begin trading under the new name Liberty Direct on 7 November, according to reports.
North West top for bodily injury claims
Research from the Institute and Faculty of Actuaries has shown the North West of England to be the leading hot spot for private car insurance claims involving bodily injury.
RSA appoints More Than man to head up e-business
RSA has appointed Ian Hood as group e-business director with responsibility for broker self servicing options.
Fears over reserving raised at AM Best conference
Delegates at the AM Best 2011 Insurance Market Briefing were warned that concern was growing about the adequacy of reserves in the UK non-life company market.
Aviva confirms job losses in Ireland
Aviva has confirmed the prospect of long-expected job losses in its Irish operation with the announcement that 770 jobs are set to go from Aviva Ireland.
Takaful-focused insurer bought by run-off investment specialists
Randall & Quilter has agreed to buy Principle Insurance for £4.275m cash.
Aviva Ireland job losses expected today
Aviva is expected to finally announce the long-rumoured job cuts of over half its Irish workforce today.
Flood cover could be pulled following reforms warns ABI
Government tactics to reform the planning process must not lead to uninsurable building developments, the Association of British Insurers (ABI) has warned.
Chaucer bolsters UK motor business with key appointment
Chaucer Insurance has appointed Paul Baxter as head of direct as the insurer aims to build its UK motor business.
Aviva launches multi-car policy for families
Aviva has launched MultiCar, a new insurance policy for family members living at the same address to cover up to five cars or vans in a household.
Ten sentenced in crash for cash scam
Ten people have been sentenced after a three year investigation, led by Ageas, into a crash for cash conspiracy.
Nine arrests over crash for cash scam in Huddersfield
Eight men and one woman have been arrested by police in Kirklees as part of a major investigation into suspected fraud and money laundering offences.
Straw slams CMC “parasites” and near criminal activity
Jack Straw MP has attacked claims management companies (CMCs) and credit hire firms as “parasites in the system” in his evidence to the Transport Select Committee’s investigation into the cost of motor insurance.
ABI warns Transport Select Committee
The Association of British Insurers (ABI) has warned that “not for the first time” the Transport Select Committee risked “missing the point” about motor insurance as it re-opened its inquiry.
Survey finds 96% of young drivers feel priced off the road
Research by Young Marmalade has revealed that 96% of young drivers think they are being priced off the road because of high motor insurance premiums.
Ex-Thistle CEO joins GB Underwriting
GB Underwriting has appointed James Gerry as chairman.
UK Broker Conference 2011: leaders need a long-term perspective
Brokers need to focus on their value proposition, have a long-term perspective and refuse to accept the status quo, if they are to be industry leaders, according to Aon's Lambros Lambrou.
Groupama targets cleaners
Groupama Insurances has unveiled Exclusively Cleaning as the latest addition to its ‘Exclusively’ range of specialist commercial products.
Mageean signs up with Broker Network and Countrywide
Bernard Mageean has been appointed as director of insurer relations at Broker Network and Countrywide.
Aviva Ireland jobs set to be outsourced
Around 600 jobs at Aviva Ireland are expected to be cut and transferred to the insurance company’s UK operation, while around 400 more are likely to be outsourced.
Brit CEO to step down
Brit chief executive Dane Douetil is to step down to make way for Mark Cloutier as part of a board shake up.
Plum plucks senior underwriter from Brit
Plum Underwriting has appointed Paul Evans to the position of senior underwriter with immediate effect.
Insurers most insulated against eurozone default
Ernst & Young (E&Y) has claimed that insurers are in the best position of all financial services firms to manage the consequences of a eurozone debt default.