News
Ecclesiastical posts significant loss in half year results
Ecclesiastical has blamed poor stock market returns, metal theft and its “modernising” drive for a poor performance in the first six months that saw it report a pre-tax loss of £21.5m.
LV confirms acquisition talks with Highway
LV has confirmed a recommended cash offer for the share capital of Highway Insurance Group.
Broker-only insurer in takeover talks
Highway has confirmed it is in “advanced discussions” regarding a possible takeover with a third party operator.
Global insurance broker in Ireland changes name to Willis
Coyle Hamilton Willis, the Irish subsidiary of Willis Group Holdings, the global insurance broker, will change its name to Willis Risk Services (Ireland).
Atlas Partners to launch corporate finance advisory practice
Atlas Partners LLP, led by managing partner Paul Lumbis, will launch an insurance-focused corporate finance advisory practice.
Event Assured launches event insurance website for brokers
Following two years of development, Event Assured have unveiled its full cycle EDI event insurance website – www.event-insurance-online.com.
KGM embarks on product development drive
KGM Motor Insurance, a specialist provider of motor insurance products to niche markets, has revealed it has embarked on a new phase of product development.
Marsh warns of jewellery underinsurance
Marsh has warned jewellery collectors of the risk of underinsurance in the wake of spiralling diamond and precious metal prices. Over the past 12 months, the price of large diamonds has increased by an average of 30% while platinum has almost doubled,…
Insurance Age on-air news review
Insurance Age news editor Sarah Hills provides a run down of the major news stories from the week - watch it now. The top broking news includes; NU in talks over sale of commercial direct; Network battle turns nasty with legal threats; Lycetts buys city…
Garwyn Loss Adjuster launches expert investigation service
UK loss adjuster, Garwyn has launched of an investigation service for claims enquiry’s, in response to the changing market. Garwyn Investigation Services (GIS) has been designed to address the commercial challenges facing the insurance sector, providing…
Get redundancy right or pay later warns Allianz
Allianz Legal Protection has reporting a record number of calls concerning redundancies to its legal protection helpline, Lawphone. In July 2007, just 2.4% of employment-related calls concerned redundancy, rising to 36% in July 2008.
Deloitte responds to Which? advice
A survey by Deloitte has found that 53% of consumers are now using price comparison websites to purchase their personal insurance products, following the advice from Which? Money to consumers using price comparison sites to buy insurance products.
Aon confirms plans to acquire Benfield.
Both boards have agreed a deal representing £3.50 ($6.55) per share in cash and assume £91m ($170m) of Benfield net debt, representing an enterprise value of approximately £935m ($1.75bn) on a fully diluted basis.
Ireland braces for heavy flood claims after storms
Insurers are bracing for heavy flood claims as a result of what reinsurance broker Guy Carpenter and Co has described as extensive damage in Ireland after “intense rainfall” on 16 and 17 Aug.
Confused hits back at Which? report
Confused.com has responded to the recent Which? report which found that relying on a single price comparison site for insurance could leave consumers with a raw deal.
Gocompare adds further RBSI products
Gocompare.com has added five major home insurance brands - Churchill, Privilege, Prudential, Tesco and Virgin - to its home insurance comparison service.
Lloyd's broker dies age 64
David Simpson, managing director of Sheraton Services, the TPA arm of John Holman & Sons, Lloyd’s Brokers, died suddenly at home on Thursday 14th August, at the age of 64.
Three insurers join Xbroker panel
Online quotation system, Xbroker, has expanded its panel and product range with the addition of three new insurers.
Allianz underlying profitability 'unsatisfactory'
Chief executive officer of Allianz, Andrew Torrance, said the underlying profitability of the business the insurer is writing is “unsatisfactory”.
Confused adds new partner to home insurance panel
Confused.com has welcomed Alliance & Leicester to its home insurance panel.
Insurance Age on-air news review
Insurance Age news editor Sarah Hills provides a run down of the major news stories from the week - watch it now .
Careless driving penalties welcomed by AA Insurance
AA Insurance has welcomed Ministry of Justice initiative to clamp down on careless driving.
