News
Mitsui Sumitomo Insurance will begin ..
Mitsui Sumitomo Insurance will begin underwriting in the aviation insurance market, having hired wha...
HSBC has completed a full-cycle ..
HSBC has completed a full-cycle EDI development with Open GI, having released a total of 17 new moto...
ABC Insurance, part of the LV Group ..
ABC Insurance, part of the LV Group, has commenced trading with the launch of a commercial combined ...
Angel Underwriting has launched ..
Angel Underwriting has launched a Quick Quote system and broker portal. The company claims the devel...
Kwik-Fit Insurance has completed ..
Kwik-Fit Insurance has completed its first acquisition, gaining 100% of the share capital of Express...
Kwik-Fit Insurance (KFIS) ..
Kwik-Fit Insurance (KFIS) is offering market price comparisons on its website, www.kwik-fitinsurance...
Only Insurance has revealed it is in ..
Only Insurance has revealed it is in the process of securing several underwriting deals with travel ...
N&G launches new Commercial Marine Combined Insurance product
Navigators & General (N&G) have launched a new Commercial Marine Combined insurance product, offering a tailored one stop solution for the specialist £2.8 billion UK marine trade industry.
Biba criticises FSA’s ICOB rule change proposals
The British Insurance Brokers’ Association (Biba)has roundly criticised the Financial Services Authority’s (FSA) long awaited consultation paper proposing amendments to its Insurance Conduct of Business rules (ICOB).
UK floods reach over £500m for insured losses
Initial estimates by Risk Management Solutions (RMS), the provider of products and services for catastrophe risk management, suggest that insured losses from this week’s floods could exceed £500m.
Willis acquires online SME broker
Willis Group Holdings (NYSE:WSH), the global insurance broker, has acquired Chicago-based InsuranceNoodle, an internet distributor of U.S. small business insurance.
IGI in underwriting manager hire
IGI Group has appointed Mark Ellinor as technical underwriting manager, to be based in its Nottingham head office.
Another Imarket first for Acturis and Axa
imarket has gone live with full cycle trading for brokers with the completion of renewals for AXA’s Tradesman product.
Lockton launches SME and specialists markets drive
Lockton International has launched Lockton Affinity to spearhead its drive into the small to medium-sixed enterprises (SME) volume and specialist markets.
The Insurance Partnership forms new Health Insurance Division
Commercial broker, The Insurance Partnership, has formed a new health insurance division. Health Insurance Brokers, has been brought into The Insurance Partnership group of companies to offer a range of bespoke services to new and existing clients.
Survey reveals concerns about MiFID requirements
The ‘best execution’ clause of the European Union Markets in Financial Instruments Directive (MiFID) is causing high concern across the whole spectrum of financial services firms, according to a survey conducted by Complinet.
Defaqto welcomes Treasury decision for FSA to regulate all travel insurance policies
Defaqto has welcomed the decision by the Treasury for the Financial Services Authority (FSA) to extend the regulation of travel insurance policies to those sold by tour operators and travel agents.
Motor insurance reaches highest point in two years
The average quote for comprehensive motor insurance in the direct market reached its highest point in almost two years in May 2007, according to Experian, indicating a move towards harder market conditions.
Private Equity firms fear increase in litigation
Almost half of private equity firms believe they will face an increased level of lawsuits over the next two years, according to a survey by Marsh.
CII report stresses need for greater professionalism
An independent report commissioned by the Chartered Insurance Institute (CII) has shown that around 90% of its membership believe the future prosperity of the financial services industry depends on achieving parity with other professions such as…
Fleet managers warned to download speed data from tachographs
Drivers of commercial vehicles fitted with the new digital tachographs have been warned that they need to download as soon as possible, and always within 24 hours, speed data stored on their tachographs, if their vehicle is involved in an accident. This…
New Home & Legacy director appointed
Barry O'Neill has been appointed as managing director of Home & Legacy, pending the completion of his notice period at Marsh.
Broker Network adds two new members
Broker Network has announced two new additions to its network, bring the total number of member firms to 168. The two new members are Independent Insurance Bureau (IIB), based in the Leicester region, and Oxford-based Windrush Insurance Brokers.
NU attack on HNW
Norwich Union has been piloting a broker-only HNW proposition called Distinct with 30 brokers, and i...