News
Bill for Quinn Insurance collapse could rise to €1bn
The collapse of Quinn Insurance could cost Irish policyholders almost €1bn (£0.8bn), the Irish Independent has reported.
Lorega grows regional broker development team
Lorega has appointed two former Towergate employees to its regional broker business development team.
Brokerbility member makes latest acquisition
Alan & Thomas Insurance Group has acquired Emery Little Insurance Brokers, a specialist aviation, SME and personal lines insurance broker based in Salisbury and Eastbourne.
Swiftcover hits back at Which? claims
Swiftcover has responded to claims that it charges its customers “hidden” fees to make standard policy changes.
Canopius rolls new purchase into K Drewe
Canopius Group has purchased golf insurance specialist Golfplan International Insurance.
L&G launches new income protection product
Legal & General has launched Lifestyle Cover, a new short-term income protection product.
Almost 20% of CMCs closed by MoJ last year
The Ministry of Justice (MoJ) closed down around one in five claims management companies in the past year, according to figures obtained by the Law Society Gazette.
Water companies must stop flood of unnecessary policies says Which?
Consumer group Which? has revealed that ten of the UK’s twelve biggest water companies are promoting supply pipe insurance which is potentially unnecessary.
Axa and Autoglass in new four-year deal
Axa and its subsidiary Swiftcover.com have appointed Autoglass as their preferred supplier.
General insurers face credit downgrade over personal injury claims
Ratings agency Moody’s has warned the increase in periodical payment orders (PPO) will be credit negative for general insurers with exposures to personal injury claims.
Simply Business and Willis aim to change broker market for SME
Willis Networks has revealed its exclusive partnership arrangement with Simply Business to provide members with a new comparative electronic portal for SME business.
Groupama in Brightside motorbike deal
Groupama Insurances has agreed to become the sole underwriter of motorcycle policies sold through eBike, part of the Brightside Group.
Approach to risk has been challenged by 2011 catastrophes says Marsh
Marsh claims that the severity of casualty losses in 2011 has challenged established thinking on the nature of risk and that businesses need to re-examine their risk management strategies.
Willis unveils new electronic portal with Simply Business
Willis has teamed up with Simply Business to launch Willis eQuote, a new e-trading comparison platform exclusively for Willis Network members.
Which? accuses insurers of taking consumers for a ride
Consumer watchdog Which? has accused several insurers of charging customers exorbitant hidden fees for basic policy changes and renewals.
Aon buys broker from ABN Amro
Aon has bought the corporate broking business of ABN Amro.
Video: Insurance Age meets Birmingham brokers - episode two
For the second episode of this three part series Insurance Age asked brokers in Birmingham for their views on the current state of the market in the West Midlands.
Ageas takes sponsorship of cricket ground
Ageas has joined the growing ranks of insurers involved in sports sponsorship in a new partnership with Hampshire cricket.
Barbon-owned Farr launches risk management tool for housing associations
Farr Insurance has launched Focus, a new service designed to stress test risk management procedures for housing associations, with a view to protecting them from rising insurance costs.
Ex-Bluefin MD joins The Insurance Partnership
Graham Coates has returned to the market joining The Insurance Partnership as executive consultant.
Direct Line could raise £500m ahead of flotation
Direct Line, the newly rebranded insurance arm of RBS, plans to raise £500m through selling debt, according to the Telegraph.
Canopius shakes up executive committee
Canopius Group has announced a reshuffle of its group executive committee, with the creation of two new business units.
Axa swoops for Zurich personal lines broker chief
Axa Personal Lines has appointed Gareth Howell as its new product household director.
Motor premiums start heading downwards
Prices for comprehensive car cover fell by 3.3% in the first quarter of 2012, the first time in almost four years that car insurance premiums have seen any reduction, according to the Confused.com/Towers Watson Car Insurance Price Index.