News
Invicta continues on acquisition trail with latest broker buy
Invicta Insurance Services is set to complete its latest acquisition with the purchase of the entire general insurance portfolio of Suffolk-based Wordsmith Insurance Services.
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.
Ten broking director out - will not be replaced
Ten broking director, Elliot Arnold, is to leave the company at the end of August and the network will not replace him or maintain the role, Insurance Age has learnt.
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.
Cooper Gay creates senior IT post
Cooper Gay Swett & Crawford (CGSC) has appointed Brent Kruger as its first group chief information officer.
Network Spotlight day seven: Ten’s Sharp seeks to avoid AR pitfalls
James Sharp, director at Ten Insurance Services, predicts that over time there will be more brokers in networks than outside and adds that he won’t say “that is necessarily a good thing”.
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.
Reich makes second acquisition in as many months
Reich Insurance has completed its second acquisition in two months, with the purchase of Glasgow-based Surenet Agency.
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.
Network Spotlight day six: Confidence is growing, says Muir at 1 Answer Networks
In his Network Spotlight interview Paul Muir, managing director of 1 Answer Network, says that he sees an increase in the confidence of the personal lines network’s members.
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).
Biba calls for more intrusive regulation of comparison sites
Comparison sites must be recognised by the regulator as more than just introducers, according to The British Insurance Brokers’ Association (Biba).
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.
Chartis closes door on new solicitors' PI business
As the annual solicitors’ professional indemnity renewal date looms, the market leader, Chartis UK, has announced that it will not be writing any new business in this sector.