Insurer
News review: January 2011
Groupama announced its plans to transfer the Liverpool and Glasgow-based commercial motor accounts of broker Choice Quote to its sister business Bollington, as part of a restructure of its GUK Broking Services arm.
Viewpoint: Changing tactics
The market is buzzing with talk about the introduction of variable commission on individual commercial policies. Malcolm Smith asks what the implications will be for brokers, insurers and policyholders.
Zurich and joint Anglo-Liberty bid leading race for Quinn
Reports in the Irish press have indicated that there are two front runners in the bidding process for Quinn Insurance. The differing articles named Zurich and a joint Anglo Irish Bank and Liberty Mutual bid as leading the way. Previously, Travelers and…
Direct Line targets mid-net worth sector
Direct Line has announced the launch of Direct Line Select Insurance.
Arista opens Leeds office
Arista Insurance has expanded its branch network to seven by opening a new permanent office in Leeds.
Fraud costs UK over £38bn each year, according to NFA report
The National Fraud Authority (NFA) has reported that fraud costs the UK over £38bn a year with insurance fraud accounting for £2.1bn.
Insurance Age blog: The Bribery Act = end of corporate jollies?
Every man has his price, according to Sir Richard Walpole and maybe I'm cynical but I tend to agree with him. Most people like to believe that, if pushed, they would not take an option which benefited them more than the client they should be serving.
UK General Insurance targets smaller brokers with launch of commercial property scheme
UK General Insurance has added to its smart schemes initiative with a tailored commercial property scheme targeting upwards of £150,000 gross written premium.
Launch of MGAA may hinge on insurer and supplier take up
The future of the Managing General Agents’ Association (MGAA) could be dependent upon appetite from insurers and suppliers, according to the chairman of its steering committee.
Matson named as new Insurance Leadership Group chair
Peter Matson, chief underwriter, Novae has been confirmed as the new chair of The Prince’s Trust Insurance Leadership Group (ILG), succeeding Julian Enoizi. Mr Matson will be supported by three new vice chairs – James Geffen, director, Miller; Elizabeth…
Policyfast RSA deal offers non-EDI brokers an e-trading solution
Online wholesaler Policyfast has reached an agreement with RSA to provide business car and van policies to brokers.
The British Insurance Awards 2011: a call for nominations
The British Insurance Awards 2011 are now officially open for entries. These prestigious awards, for the entire UK general insurance industry, will be presented at the Royal Albert Hall on the evening of the 6th July.
RSA expects 2010 profits to approach £630m despite bad weather impact
RSA has announced the impact of adverse weather in November and December 2010 to be around £142m above normal levels with full year costs predicted to hit £255m.
Igal Mayer returns to UK as Aviva's CEO EMEA
Aviva has announced that its former UK general insurance boss Igal Mayer will return to London as CEO Europe, Middle East and Africa (EMEA).
Over half of motorists would not rule out 'fronting'
Thousands of motorists are putting their cover at risk and driving illegally by knowingly giving false information or failing to disclose important facts, according to a survey by Association of British Insurers (ABI).
Brokers vital to Pruhealth's new product launch
Pruhealth is targeting general insurance brokers at the launch of its first range of healthcare plans since the acquisition of Standard Life Health (SLH) in August last year.
CBG teams up with Chartis and MPS Risk Solutions to launch healthcare division
CBG Group has launched a specialist division as part of its “ambitious drive” into the healthcare provider market.
Fully comp cover rises by nearly £200 latest price index reveals
Confused.com/EMB’s annual and fourth quarter 2010 Car Insurance Price Index has revealed that average comprehensive car insurance prices have risen by nearly 40% in a year.
OFT clamps down on insurers accessing pricing information
Seven insurance companies and two IT software and service providers have provisionally agreed to limit the data that they exchange after the Office of Fair Trading (OFT) raised competition law concerns.
LMA speaks out in car insurance investigation
The Lloyd’s Market Association (LMA) has warned MPs that a reduction in the price of motor insurance can only be achieved if the risks and costs borne by insurers are reduced.
Car insurance study champions niche players
In Which’s latest study of motor insurance for the over 50s, NFU Mutual and 50 plus Insurance Services came out on top while household brands such as Aviva and Axa failed to gain recommended status.
Government to crack down on uninsured drivers
The British Insurance Brokers’ Association (Biba) has welcomed the news from Transport Minister, Mike Penning MP, that new powers to tackle uninsured driving will come into force within months.
Axa confirms Amanda Blanc’s start date
Axa has confirmed that Amanda Blanc will start as chief executive officer of its UK commercial lines business on Monday 14 February 2011.
Ant Gould set to take up new role at the CII
Insurance Age group editor in chief Ant Gould is set to take up the role of director of faculties at the Chartered Insurance Institute from 21 March.