Insurer
Aviva attempts to close the ash gap with new volcano add on
Insurer charges more for covering ash cloud or similar travel disruptions with an add-on to its travel policies.
Video: Industry leaders' views of the Lib-Con government
Liz McMahon talks to key industry figures at the recent Biba conference to garner opinion on the new coalition Government and the impact it may have on the insurance industry.
Towergate and Allianz link up over employment legislation
Allianz Legal Protection and Towergate Risk Solutions Milton Keynes want to give more access to legal advice over employers' responsibilities.
US insurer expresses Quinn interest
US insurance giant Liberty Mutual has reportedly contacted the administrators of Quinn Insurance to express an interest in taking over the company.
BIBA 2010: Insurers and brokers warned over "cancerous" credit hire issue
Delegates were warned yesterday that if the industry does not address the issue of credit hire, it will get even more “cancerous” and ultimately ruin the insurance industry’s reputation.
QBE raids Allianz for broker development chief
QBE has announced the appointment of Judy Holt to the newly-created role of manager, broker development, to support the expansion of the insurer's offering in the UK and Ireland.
Quinn Insurance CEO quits
Colin Morgan, chief executive office of Quinn Insurance, has decided to leave the company to pursue other opportunities.
BIBA 2010: Hiscox introduces broker schemes team
As part of Hiscox’s drive for profitable growth of its commercial book, the specialist insurer has announced the launch of a new dedicated schemes team.
FOS insurance disputes up 38% due to PPI complaint surge
The Financial Ombudsman Service (FOS) resolved a record 166,321 disputes in 2009/10 – a 46% annual increase – resulting in compensation for consumers in 50% of cases.
BIBA 2010: Willis CEO questions FSA's "grandfathering" of Quinn
Willis chief executive Joe Plumeri has questioned the Financial Service Authority's (FSA) role in the problems revolving around Quinn Insurance.
BIBA 2010: Ace appoints southern head
Regional restructure complete with former QBE signing
BIBA 2010: THB/Eclipse fleet deal
Specialist fleet broker THB London Market, part of Lloyd's broking arm Thompson Heath & Bond, has launched a new fleet facility with Lloyd's syndicate Eclipse.
BIBA 2010: Ace launches four new enhanced business covers
Ace UK was today due to launch a suite of new products targeting companies with one or more overseas branches, retailers, hotel groups and machinery manufacturers.
Chaucer reports 11% hike in motor rates
Lloyd's insurer Chaucer this morning reported a drop in gross written premium income to £250.1m (2009 Q1: £257.8m).
BIBA 2010: Over half of brokers see value in online platforms
Over half of British insurance brokers believe using an online platform to trade with carriers will help them retain commercial insurance business that would otherwise go direct.
Hiscox hires regional managers
Hiscox has announced the appointment of Bill Guiney as regional manager of Manchester and Hannah Hosking as regional manager of Scotland and Ireland.
Allianz sees profits slip 10 points in first quarter
Allianz Insurance's pre-tax profits have slumped more than 10% to £36.7m (£41.1m: 2009) for the first quarter of 2010, despite a near 5% increase in gross written premium (GWP) to £411.3m.
Markerstudy joins IFB
Markerstudy Insurance Company, a division of Markerstudy Group, has become the latest company to join the Insurance Fraud Bureau (IFB).
Ferrari crash lands insurer with huge bill
According to press reports an MOT garage worker wrecked a £245,000 Ferrari on Saturday when he took it out for a test drive.
Zurich European GI chief to leave following restructure
Zurich Financial Services Group has announced a streamlined management structure and related senior management appointments, affective as of 1 July, 2010.
Garwyn appoints new CEO
Garwyn has appointed Stewart McCulloch as its new CEO with effect 1 June 2010.
Aviva appoints head of broker personal lines
Sam Hudson has been appointed head of broker personal lines for Aviva.
Quinn to quit UK PI
Quinn Insurance will not reopen its professional indemnity (PI) business in the UK despite the likelihood it will recommence underwriting other commercial lines.
Lloyd's motor insurer KGM up for sale
Lloyd's motor insurer KGM has been put up for sale by its parent Gibraltar-based Perseverance.