Insurer
Torrance says legal protection business must change
Allianz UK’s chief executive, Andrew Torrance, has confirmed that the insurer’s legal protection business will have to change “significantly” as he reported flat profit levels in the first half of the year despite a £50m increase in gross written…
Insurance Age blog: Why can't banks leave insurance to the experts?
Personally I am quite grateful to banks and the practice of conditional lending. If banks hadn't been doing this and luring small commercial clients away from brokers then I wouldn't have written a story late last year exposing the whole grubby little…
Network Spotlight day nine: Network members aren't independent, says Wood
Mark Wood, managing director at UKGI, claims in his interview for Network Spotlight that many brokers have seen through networks.
Axa Assistance appoints new motor director
Axa Assistance UK has announced that Richard Ware has been appointed director and deputy motor general manager.
Blanc sets record GWP target
Amanda Blanc has vowed to surpass Axa Commercial's gross written premium (GWP)record by writing £1.2bn worth of business by 2015.
PM agrees to extend claim period and says that Riot Act stands
Prime Minister David Cameron has announced that the Riot Act police compensation schemes will operate as normal and has extended to the maximum of 42 days the amount of time claims can be made under the scheme.
Innovation Group wins £40m claims contract with RBSI
Innovation Group has signed a £40m contract with RBS Insurance (RBSI) to handle its subsidence claims.
Aviva fraudster jailed after pocketing staff bonuses
The head of key accounts management at Aviva’s York offices has been jailed for expenses fraud.
New Sterling cover for the antique Connoisseur
Sterling Insurance has entered into a partnership with Connoisseur Policies to provide specialist cover for antique dealers, art dealers and auctioneers.
Riots may force retailers to take insurance in-house
The riots that have plagued the UK since Saturday may force retailers that have suffered major losses to form their own in-house insurance companies.
Brit warns brokers to stick to current claims notification deadlines
Brit Insurance has issued a reminder to its brokers of the need for policyholders to comply with policy requirements in relation to the notification of claims.
Travelers Insurance pulls out of Irish private motor market
Travelers has announced that it is to exit the Irish private motor market as of 1 October 2011.
Cost of riots unlikely to affect market rates
Fitch Ratings has predicted that the losses from the recent rioting across the UK will have no impact on UK insurers' ratings.
Riot claim period could be extended to 42 days
The Association of British Insurers (ABI) has moved to reassure homeowners and businesses that claims for riot damage will be paid out and has urged the Home Secretary to extend the claims period to the police compensation scheme to 42 days.
More Than looks to Rias for new MD
More Than has announced the appointment of Janet Connor as its new managing director.
Loss adjuster pushes surge status to red as it copes with riot fallout
GAB Robins has announced that its surge status has moved to red after receiving a "considerable" number of claims following the London riots.
The jury's out on how much riots will hurt the insurance industry
With the estimated riot costs now standing at £750m, insurance experts are in conflict over how much the violent events which have dogged London, Liverpool, Birmingham and Bristol will damage the insurance industry.
What the Papers Say - August 2011
In this month's What the Papers say, senior reporter at Insurance Age Liz McMahon, is joined by fellow senior reporter Emmanuel Kenning to discuss the latest top topics in insurance with principal of Bellingham Communications Ben Welsh.
Periodical payments for PI compensation set to rise following appeal case
A landmark court ruling may change the way in which the insurance industry pays out compensation to personal injury claimants.
Riots covered but claim extension unlikely, says Questgates
QuestGates has said that the local police authority has a legal responsibility to reimburse persons who sustain damage to property as the result of a riot under the Riot Damages Act 1886.
Concern as to whether industry will foot the bill for riots
Concern has been raised by brokers as to whether the events over the last few days in London, Liverpool, Birmingham and Bristol will be officially classed as riots under the Riot (Damages) Act 1886.
Allianz overhauls its motor repair network
Allianz Insurance has restructured its motor repair supplier moving to a consolidated supplier network structure consisting of nine regional repairer groups.
Toba changes must not be taken out of context, says Cliff
Ageas has reacted to the media coverage following broker complaints over the recent amendments the insurer has made to its terms of business agreements (Toba).
PMI industry must change tack to avoid further consolidation, says Pruhealth
Pruhealth has slammed the unsustainable economics of the SME private medical insurance (PMI) market.