News
KGM hires senior underwriter from NIG
KGM Motor Insurance has appointed David Martin as fleet class underwriter. Mr Martin has joined the business from NIG where he was senior motor underwriter
FM Global's gross premium rises to $4.7bn
FM Global has reported a 5.6% increase in gross premium in force to $4.7bn (£3.0bn) and net income of $840m in 2009.
Biba blasts FSA stance on adequate resources
Eric Galbraith, chief executive of the British Insurance Brokers' Association (Biba), has criticised the Financial Services Authority's (FSA) approach to adequate resources.
Lorega raids Axa for broker business development manager
Loss recovery insurance specialist Lorega has appointed Jonathan Mainwaring as broker business development manager for the southern region.
Allianz wins Darren Bent credit hire appeal
Allianz has today (18 March) won a ruling at the Court of Appeal which returns the credit hire related case of England striker Darren Bent back to court in Cambridge.
What the Papers Say - latest edition
Stories analysed this month include: FSA levies and fees; delay in Tory regulatory plans; declining claims service; and the Government's abortive dog insurance plan which has recently been shelved.
Co-op reports rise in general insurance GWP
Co-operative Financial Services (CFS) has reported a 7.6% increase in general insurance gross written premiums to £424.3m in 2009, compared to £29.9m the previous year.
PPI reimbursement could cost up to £3bn, warns report
The Financial Services Authority (FSA) consultation document on Payment Protection Insurance (PPI) mis-selling has costly and serious ramifications for the PPI industry, according to Defaqto.
Admiral accused of discrimination and breaching race laws
Which? has claimed that the Admiral Group, which includes Bell, Diamond and Elephant.co.uk has broken race laws by charging customers who were born outside of the UK more than those born in the country
Majority seek broker recommendations when buying PMI, according to study
A recent survey by specialist healthcare insurer National Friendly has found that word of mouth is proving most effective in securing new private medical insurance (PMI) business for brokers
PB Week: Thinking about the election
Last week, dear reader(s) I brought to you the furore surrounding the compulsory dog insurance proposal from the government, writes Emmanuel Kenning, reporter at PB.
FSA plans to hire 460 staff to boost supervision and implement Solvency 2
The Financial Services Authority (FSA) has published its business plan setting out its priorities for 2010/11.
Chaucer appoints production head
Chaucer Holdings has announced the appointment of Andrew Voke to the newly created role of head of production for Syndicate 1084 with immediate effect.
Government in dog insurance law u-turn
The Government has made a u-turn on plans to force all dog owners in England and Wales to insure against their pets attacking someone.
Amii and the CII launch new exam in Healthcare Insurance Products
The bodies are set to unveil the syllabus and discuss the market in general at Amii's AGM
Exeter and Pioneer launch online broker portal
Specialist private medical insurance (PMI) provider Exeter Friendly has launched a new online broker portal together with sister brand income protection (IP) business Pioneer.
Liberty establishes permanent Birmingham presence in further regional push
Liberty International Underwriters Europe (LIU Europe) is expanding its regional operations into Birmingham with the appointment of Dave Canning as regional senior underwriter
NIG raids Axa, Hiscox and Travelers for regional underwriter chiefs
NIG has appointed seven area underwriting managers - including senior hires from Axa, Hiscox and Travelers - as part of a regional small to medium sized enterprise (SME) push.
Boiler room master list discovered
The Financial Services Authority (FSA) and City of London Police (CoLP) have contacted 1,000 people across the UK to warn them that their personal details are on a 'master list' being used by fraudsters to sell them worthless shares.
Capita fraud director moves to Questgates
QuestGates has announced that John Freeman has been appointed counter fraud director
Former NIG business development chief joins Brit
Brit Insurance has appointed Vivek Banga to the position of UK distribution leader.
IOR releases second installment of risk management guidance
The Institute of Operational Risk (IOR) has published the second sound practice guidance paper in its new series on the topic of Risk Control Self Assessment.
Plum unveils aggressive growth plans
Non-standard household specialist Plum Underwriting has announced its intention to accelerate the growth of the business over the next two years.
Chile earthquake insured losses could reach $8bn
Chile earthquake set to become most expensive insured event ever to hit Latin America with estimated losses of up to $8bn, claims Cooper Gay.