Insurer
Product launches: Aviva improves charity offering
Aviva has enhanced its offering for the charity and not-for-profit sector.
Axa online portal encourages discussion via social media sites
Axa has launched an online portal designed to allow personal lines brokers to discuss business issues and ideas with insurers and peers using social media channels such as Twitter, Linkedin and You Tube.
Fortis takes on travel customers in five-year deal
Fortis UK has announced it is to expand its existing partnership with Tesco Bank as part of a five-year deal worth around £59m in gross written premiums (GWPs).
NIG business to be exempt from further RBSI office closures
Royal Bank of Scotland Insurance (RBSI) has assured brokers that NIG will not be impacted by recent office closure plans.
Fortis begins name change to Ageas
Fortis Insurance UK has begun a phased approach to change its name to Ageas in the UK. This follows the approval of shareholders earlier in the year to adopt the new name reflecting the company’s status as a standalone global insurance group after the…
FSA plans to bump up max compensation to £150,000
The Financial Services Authority (FSA) has proposed an increase in the maximum compensation which may be awarded by the Financial Ombudsman Service (FOS) from £100,000 to £150,000.
RSA boosts D&O team
RSA has appointed David Berry to its professional and financial risks department.
Home & Legacy joins growing online mid-net-worth sector
Brokers having to work harder than ever to retain MNW clients, according to Home & Legacy.
Axa's new CEO takes up reins at start of October
Paul Evans takes up his new position as chief executive officer of Axa UK on 1 October, following on from his appointment earlier this year to deputy CEO. He also joins Axa’s global executive committee.
Arista raids NIG for senior underwriter in Leeds
Commercial lines underwriting specialist Arista Insurance has appointed former NIG senior business development manager, Steve Ford, as senior underwriter for the Leeds area.
Allianz Retail launches direct motor product
Allianz Retail has launched an online car insurance product direct to the consumer under the Allianz brand for the first time.
Former UK General chief exec Tim Rolfe joins Canopius
Canopius has announced the appointment of former chief executive of UK General, Tim Rolfe, as head of UK retail strategy.
Injury claims costs in motor rising by nearly a third a year, claims Towers Watson
The cost of injury claims in the UK car insurance market has grown recently by nearly 30% per annum according to Towers Watson.
Open GI links with imarket
Open GI has joined forces with imarket to provide a range of new commercial insurance products on its Open Trader platform.
Lloyd's profits drop by over 50%
After the "costliest" half year since it began interim reporting, Lloyd’s has reported that its profit before tax has more than halved to £628m (June 2009 £1.32bn) while the combined ratio has risen to 98.7% (June 2009 91.6%).
Zurich targets mid-sized market
Zurich has announced it is launching a new strategy and product suite for its mid corporate business customers.
HSB raids Powerplace for South East broker development exec
Specialist engineering insurer HSB Engineering Insurance has hired Bryony Glover to the position of development executive for London and the South East region.
BLG expands following purchase of Halliwells' insurance arm
Due to the Halliwells acquisition, Barlow Lyde & Gilbert (BLG) has occupied a further four floors of its existing premises in Chancery Place, Manchester.
Insurance broking sees rise in profitability, survey says
Activity in the UK financial services sector grew in the last three months at the fastest rate since June 2007, although this growth was much slower than was expected, according to the latest CBI/PwC Financial Services Survey.
Brokers urged to ensure clients sign up to climate change scheme
Allianz Engineering said it is reminding brokers of the 30 September deadline for businesses to sign up to a Government-backed climate change and energy-saving scheme.
Fortis signs £59m travel deal with Tesco
Fortis has agreed a five year deal with Tesco Bank to provide underwriting, claims management and sales and service support to Tesco Bank’s travel insurance customers.
Insurance Age blog: What I learnt from Oktoberfest
The original Oktoberfest occurred in Munich, on October 12, 1810 to commemorate the marriage of Crown Prince Ludwig (later King Ludwig I) and Princess Therese of Saxe-Hildburghausen. The event was so successful that the decision was made to renew it in…
Groupama aims to boost brokers counter fraud activities with new hire
Andy Pagett has been appointed by Groupama Insurances as counter fraud manager. He joined Groupama from Fortis and reports to head of technical claims, Steve Caffrey.
Editor's comment: The motor market is shot
A senior industry figure told me this month that it is the "worst time" in the history of the motor market for insurers. A pile of news has confirmed this, including RBS's loss of over £200m in its first-half results, Equity's reserving issues and NIG…