News
Pet owners killing their pets for cash
Pet owners have been injuring or even killing their pets to secure insurance payouts as it emerged that dishonest claims on animal policies quadrupled last year.
THB sells up to American insurer
The AmWINS Group has had a bid to buy the entire share capital of broking firm, the THB Group, accepted.
Hardy blames catastrophes for 111% COR
Hardy Underwriting has revealed a combined operating ratio (COR) of 111% for the first nine months of 2011.
RSA makes structural changes
RSA has announced a restructure of its operating structure and an appointment to its executive team.
Sean Quinn declared bankrupt
Sean Quinn has declared himself bankrupt at a court in Belfast over an alleged €2.8bn debt owed to Anglo Irish Bank.
Improved GWP for Allianz's UK non-life operation
Allianz has reported gross written premiums (GWP) of €525m (£450m) for its UK property casualty insurance operations for the three months ended September 2011.
ABI calls on government to help insurers provide best deal
The Association of British insurers (ABI) has insisted the government needs to tackle the UK’s compensation culture if motor insurers are to provide customers with the best deals.
Transactor wins motorcycle broker deal
Transactor Global Solutions (TGSL) has developed a call-centre and website solution which allows aggregator integration in 14 weeks, for Principal Insurance, a motorcycle insurance broker.
Broker subsidiary comes under fire for cancellation policy
Brightside subsidiary, Ecar, has come under fire for refusing up to 25% of applications for motor insurance following an investigation by Radio Five Live.
XL commands biggest share of solicitors' PII market
Four insurers provided more than half the market share of solicitors' professional indemnity insurance (PII) in 2011, the Law Society Gazette has reported.
Higos expands in the South West
Higos Insurance Services has acquired RM Gillingham & Son, which will begin trading as Gillingham Insurance Services from December.
Zurich reports improved GWP but COR in decline
Zurich has reported general insurance gross written premiums of $27.05bn (£16.97bn), for the nine months ended September 2011.
More Than to provide online claims tracking service
More Than has launched a new e-claims service which allows customers to track their online claims.
GAB Robins builds construction team
GAB Robins has expanded its construction and engineering claims capabilities with the addition of two new hires.
Novae reports increased GWP
Novae Group has reported gross written premiums (GWP) of £516.4m for the first nine months of 2011.
PRA chief sets out future vision
Julian Adams, director of the Financial Services Authority’s (FSA) insurance division and soon to be in role at the Prudential Regulation Authority (PRA), has moved to address concerns that the new regulator would be overseeing the banking and insurance…
Trade bodies respond to flood insurance concerns
The British Insurance Brokers’ Association (Biba) and the Association of British Insurers (ABI) have both moved to address the insurance problems being faced by homeowners in flood affected regions.
Jelf opens first London office
Jelf has announced the opening of a new office in London as it looks to build its presence in the capital.
Smith praises transformation at Ageas
Barry Smith, chief executive of Ageas UK, has declared that the insurer's recent results were evidence of a step change and transformation at the insurer.
Miller strengthens corporate risks team
Miller has appointed Mark Hicks as head of client management, expanding its corporate risks team.
CBI cuts growth forecasts
The Chartered Business Institute (CBI) has cut its growth forecast for the UK but called on the chancellor to stick to ‘Plan A’.
Admiral issues profit warning over PI claims
Admiral warned that personal injury claims continue to impact the business’ profits as it announced its third quarter results.
Profits and growth at Ageas
Ageas Insurance has revealed a 16.8% rise in gross written premiums to £822.5m and an improved combined operating ratio of 99.8% for the first nine months of 2011, compared to 104.9% in the same period last year.
Insurance premiums up 500% in flood areas, MP says
Diana Johnson MP has claimed that homeowners in flood risk areas have seen insurance premiums rise by up to 500% and called for a review looking into the cost.