News
Commercial flood victims missing out on £300m rate relief
Commercial properties affected by the recent floods could be losing out on up to £300m in rate relief, according to building, property and facilities management specialists, Johnson FM.
SMEs facing technology risks created by their own staff
The UK’s broadband explosion is having a major impact on the behaviour of the country’s small to medium-sized enterprise (SME) market but large numbers are failing to manage the risks this new reliance on technology creates.
Hiscox in landmark legal ruling
In a landmark ruling in the law of libel and in a unanimous, the Court of Appeal ruled that journalist Graeme McLagan acted responsibly when he researched and wrote his book Bent Coppers – The inside story of Scotland Yard’s battle against police…
Outright appoints new managing director
OutRight has appointed Geoff Carter as managing director.
Fortis moves into digital channel
Fortis has announced the acquisition of a majority share in InsureTECH Systems Limited, an internet software development company focusing on web aggregator technology for the insurance market.
RSA hits out at Government flood plans
Royal & SunAlliance (RSA) has expressed disappointment at the Government’s response to the industry’s call for improved flood defence funding.
Brit name incoming chairman
Brit Insurance has announced that Clive Coates is due to retire as chairman at the AGM on 15 May 2008. Mr Coates will be succeeded by John Barton, who is appointed a non-executive director and deputy chairman of Brit Insurance with effect from 1 October…
ABI: Government has failed on flood defence spending
Director general of the Association of British Insurers (ABI), Stephen Haddrill, has hit out at the results of the Government’s Comprehensive Spending Review on flood defence spending.
Brokers merge to create Smith Greenfield Services
Specialist brokers Smith Ross Shane (SRS) and Greenfield Risk Services (GRS) have announced that they are to merge.
CCV diversifies
Cullum Capital Ventures has followed in Towergate’s diversification path with the acquisition of a majority stake in Managing Agents Reference Assistance Services Limited (“MARAS”) a leading provider of tenant referencing services for letting agents.
ABI targets low income households
A new report published by the Association of British Insurers (ABI), Access for All: extending the reach of insurance, has found that 35% of people in the lowest-income households (less than £10,000 per year) have no insurance at all and that they also…
Equity acquires Norwich broker
Equity Insurance Group has purchased Norwich personal lines and commercial broker, Castle Insurance Services.
British Insurance Premium Index: House insurance premiums on the up
The falling trend in home insurance premiums has come to an abrupt end, blamed on a sharp increase in flood claims, the AA’s latest benchmark British Insurance Premium Index shows.
Fewer UK businesses failing but tough times ahead says new report
Although the number of corporate failures in the UK continues to decline, an increase in businesses failures in key industry sectors points to tough times ahead, according to the latest figures released by Experian, the global information solutions…
Direct Line launches residential insurance for buy to let landlords
Direct Line has launched a new insurance product for buy-to-let residential property owners.
Peart offers breakdown cover as standard
Peart Insurance Brokers is offering customers breakdown cover on most of its policies as standard.
Kwik-Fit Fleet launches new glass repair service
Kwik-Fit Fleet has completed its one-stop shop of motoring services with the roll-out of a new vehicle windscreen repair service.
Insurers provide over £6bn in revenue for government say ABI
UK insurers provide £6.5bn in tax revenue for the Government new research commissioned by the Association of British Insurers (ABI) has revealed.
Howden expands into general liability
Howden has announced that it is building a team to further enhance its capabilities in general liability products including employers’ liability, public liability, product recall, product guarantee, and environmental and pollution liability.
Self insurance provision opened up
Oxygen Insurance Brokers and Close Wealth Management Group (CWMG), have the launch of a self insurance facility for UK businesses and professional practices, enabling them to reduce their insurance premiums.
Groupama fleet risk management programme launched
Following an extensive review of its in-house fleet risk strategy, Groupama Insurances has launched a comprehensive Fleet Risk Management Programme utilising the latest innovations and techniques to conduct risk assessment and driver training.
Biba publishes management guide for TCF
The British Insurance Brokers’ Association (Biba) has launched a guide aimed at assisting its members in developing and using appropriate management information to demonstrate that they are treating customers fairly.
Court of Appeal upholds DAS case in Bee v Jenson
Royal & Sun Alliance (RSA) will stand to pay substantial additional legal costs in a long-running dispute with DAS over a £610 replacement car hire claim.
Hyperion re-brands reinsurance operation
Hyperion has announced that its reinsurance broking operation, J K Buckenham (JKB), will adopt the Howden brand with immediate effect subject to the approval of the Financial Services Authority.