Insurer
Agenda: Pricing strategies
The UK commercial insurance market is worth about £15bn and there has been little change in its overall size since 2002. In 2001-2002, the market increased by 75% reversing years of losses into a platform for a long period of profitability. In the…
Product launches: NIG revamps packaged suite
NIG has relaunched its package products suite within its NIG Network broker system, with revamped offerings, a new professionals solution and an improved quote system that aims to generate more competitive pricing.
Product launches: Aviva reviews policy wording
Aviva has enhanced its commercial policy documentation to extend the cover and make it more broker friendly.
Scheme news: Recent product launches home in on over-50s sector
Recent product enhancements and launches indicate industry appetite in the over-50s sector is increasing.
Second Insurance 360 insight study about to kick off
This summer, Insurance 360 - Insurance Age's sister industry insight unit - is conducting its second annual study of commercial insurers' performance on service to their brokers.
Talent search is trigger for top staff moving roles in industry
The corporate merry-go-round at the top of the country's insurers is being driven by the need to secure 'top talent' in an attempt to stave off the worst effects of the recession.
Leaked Brit takeover offer sparks FSA investigation
The Financial Services Authority (FSA) has launched an investigation into the private equity bid for Brit Insurance after details of the approach were leaked before the stock exchange was informed.
Acturis teams up with Summit Partners for European focus
Acturis has sold a minority stake in the company to 'growth equity' firm, Summit Partners, as it embarks on a European expansion strategy.
Markel's insurance arm gets thumbs up from AM Best
A.M. Best has upgraded the issuer credit rating of Markel International Insurance Company (MIIC)
Lloyds to axe 650 jobs
Lloyds Banking Group has announced the cuts as part of a "number of changes within its retail, insurance and group operations divisions".
PB Week: All that hype
Well the World Cup is now about halfway through and it is a good time to reflect on how well it is going so far writes David Grant, deputy underwriter and head of distribution and operations at Equity Red Star.
QBE combines London Market personal accident teams
QBE has announced the merger of its direct and reinsurance personal accident teams to create a single London market unit with a combined GWP of £45m, operating out of Lloyd’s.
Amlin strengthens specie team
Amlin has appointed James Farquhar as leading class underwriter, specie, with a brief to build up the account together with class underwriter, Rod Little.
Two insurers face further FSA probing
The Financial Services Authority (FSA) has launched further investigation into two insurance companies as part of its review into the operation of with-profits funds.
Aviva introduces home contents calculator
Aviva has introduced a home contents calculator to Personal Best, its web-based personal lines portal for brokers.
Only one in four weddings insured
Only one in four weddings taking place this summer will be insured, despite around £20,000 splashed-out on the average ceremony, according to Datamonitor.
Ace completes regional management team
Ace has appointed Jon Houghton to the role of regional manager corporate risks, southern region.
General insurance sales flat in Q2, says survey
Activity in UK financial services grew in the last three months at the fastest rate since September 2007, according to the latest CBI/PwC Financial Services Survey. However the report also stated this growth was much lower than expected and firms still…
Metal theft on rise
The rising number of metal theft claims has put 2010 on course to be the second worst year for metal theft on record, according to Ecclesiastical.
Aviva raids RBSI for retail chief
Aviva has announced the appointment of Steve Treloar as retail director for Aviva’s UK general insurance business.
MMA grows micro offering
Broker-only insurer MMA is adding a series of new products to the remit of its micro underwriting team as part of a first year review.
Former Jelf director joins UK General
Leeds-based UK General Insurance has appointed Ralph Hann as national schemes sales manager for the group, reporting to director of sales John Bibby.
IPT and VAT changes will have significant impact on brokers
The Insurance premium Tax (IPT) and VAT changes announced in the emergency budget will have far-reaching consequences for brokers and insurers beyond the initial pain to policyholder’s pockets, according to Kevin Kiernan, director of personal lines,…
Axa completes sale of UK life business
Axa UK has confirmed the sale of the majority of its life business to Resolution for £2.75bn but has stressed that it has no plans to pull out of the UK wholesale.