News
Allianz rolls out fleet changes
Allianz has unveiled new motor fleet products in a move to separate small fleet cover from that for mid to large businesses.
Aim restructures following difficult year
Aim Legal Expenses has undergone a restructure following a “period of uncertainty”.
Axa reveals 1% growth in UK P&C business
Axa’s results for the first nine months of 2011 have shown a small increase in UK property and casualty (P&C) revenue to €2.82bn (£2.47bn) from €2.79bn in the comparable period of 2010.
Ace posts Q3 loss
Ace has reported a net loss for the third quarter of 2011 of $31m (£19.4m) compared with a profit of $675m in the same period of 2010.
Sterling loses out to newcomer for Biba scheme
The British Insurance Brokers’ Association (Biba) has chosen newcomer Aqua Underwriting over holding insurer Sterling to run the association’s high net worth (HNW) scheme.
Escape of water costs home insurers £730m a year
Legal & General (L&G) has calculated that insurance claims for escape of water damage in UK homes cost the insurance industry £730m in 2010, nearly double the £370m cost of burglary claims over the same period.
ABI welcomes vote on banning referral fees
The banning of referral fees will be debated in the House of Commons next week and provided the vote is successful, will be added to Legal Aid, Sentencing and Punishment of Offenders Bill, Justice Secretary Kenneth Clarke has announced.
Ex-Axa UK CEO to chair Chaucer Syndicates
Former Axa UK chief executive officer Mark Wood has been confirmed as chairman of Chaucer Syndicates.
Kingsbridge celebrates chartered 'landmark'
Kingsbridge Risk Solutions has been awarded chartered insurance broker status by the Chartered Insurance Insitute (CII).
Axa tops Brokerbility’s satisfaction survey
The bi-annual survey of Brokerbility’s 34 member firms rating their seven key insurer partners’ performance when dealing with claims, underwriting and accounts has rated Axa Commercial top for overall satisfaction.
New ARP rules for solicitors’ PI forcing law firms to shut down
Brunel Professional Risks has declared that the 2011 solicitors’ professional indemnity (PI) insurance renewal season was notable for the low number of law firms entering the Assigned Risks Pool (ARP).
Kiln stakes claim for mobile phone insurance first
Kiln has claimed it has delivered an industry first with the launch of an insurance product to protect mobile phone users against losses arising from ID theft and unauthorised payments.
Aviva pushes ahead with UK and Ireland changes
Aviva has appointed a transformation director tasked with integrating the insurer's UK and Ireland operations following recent structural changes and proposed redundancies in the Irish business.
Groupama chief sacked
Groupama SA has confirmed the departure of chief executive officer Jean Azéma after 11 years as head of the mutual insurer.
Chubb makes senior UK and Ireland appointment
Chubb Insurance has appointed a new sales and marketing director for the UK and Ireland.
Ellis Clowes looks to Axa PPP for new commercial director
Ellis Clowes & Company has appointed Karen Woodley as commercial director of the group and board director of Ellis Clowes (Commercial).
Income down at Willis UK
Willis Group has announced a 4% growth in commission and fees for the third quarter of 2011 to $755m (£472.6m) compared to $723m in the same period of 2010.
Three top insurers suffer from Irish downgrade
Aviva, RSA and Allianz have all been restricted from providing cover for Irish state companies due to the country’s demotion by credit rating agencies.
Willis promotes from within to replace McManus
Willis has appointed Daniel Wilkinson as chief executive officer for Willis United Kingdom & Ireland (WUKI).
Zurich creates new underwriting role for SME
Zurich’s UK General Insurance business has appointed Russell Corbould-Warren to the newly created role of head of SME underwriting.
Groupama targets PA cross selling
Groupama has released a personal accident (PA) broker toolkit in a move it said was designed to help the 61% of brokers who claimed they had difficulty selling the cover.
QBE sets up new environmental liability team
QBE has created a new team to launch an environmental impairment liability (EIL) product.
NIG hires from rivals to grow London SME book
NIG has made two senior appointments to its London office in a bid to secure a greater share of the London SME market.
Jardine Matheson increases JLT stake to 40%
Jardine Matheson’s bid for a 10% increase in its shareholding of JLT has won both shareholder and regulatory support.