News
Brit creates professional indemnity role
Brit Insurance has appointed Steven Pollock to the newly-created role of UK portfolio manager – professional indemnity.
Ecclesiastical appoints claims partner
Ecclesiastical has appointed the Cotswold Group to provide claim investigation and surveillance services.
Willis names new network members
Willis has announced that ten members have joined Willis N², its new partnership with independent, community insurance brokers in the UK, since the network was launched six months ago.
Central Insurance makes cross-border raid
Central Insurance Services has acquired leading high performance car insurance specialist, Peart Insurance Brokers, in a £1.5m deal.
QBE and Swinton close in on Equity
Insurance Australia Group (IAG) may finally be able to off-load its British insurance arm if a deal, set to be completed by February, finally comes through.
Corporation tax increase on small businesses postponed
The 1p tax increase for small businesses, from 21% to 22%, set to be introduced next year has been suspended by chancellor Alistair Darling in his pre-Budget report today.
Confused.com expands travel panel with addition of MRL
MRL Insurance has joined Confused.com's travel panel, bringing the total to 35 brands, including Travel Plan Online, Flexicover and TravelInsurance.org.uk.
KGM increases underwriting capacity
KGM Motor Insurance has announced that it has increased capacity for 2009 by 35%.
Brit appoints manager for central region
Brit Insurance has appointed Rosie O'Gara as regional manager for its central region.
CII 'begins GI Evolution' after industry-wide consultation
The Chartered Insurance Institute (CII) has introduced a wider range of technical and management subjects as part of a root and branch review of the content of its qualification offering. The CII GI Evolution programme will ensure that its qualifications…
Construction union applauds ruling on mesothelioma compensation
Construction union UCATT has welcomed the verdict in the High Court, which held that insurers would be liable to pay compensation to mesothelioma victims.
Zurich welcomes verdict in landmark asbestos case
Zurich has welcomed the decision of Justice Burton in the employers' liability policy trigger litigation case, which found insurers of employers exposing their employees to asbestos dust will be liable to pay compensation for subsequent asbestos related…
ABI calls for flood defences spending to help boost economy
The Association of British Insurers (ABI) has called for Chancellor, Alistair Darling, to use the Pre Budget Report (PBR) to bring forward its spending plans on vital flood defences.
Mesothelioma trigger litigation judgment handed down
The long awaited judgment in the mesothelioma trigger litigation has been handed down by Mr Justice Burton.
Insurance agents banned for illegal trading
Stephen Fryett and Richard Baines have been banned by the Financial Services Authority from performing regulated financial services roles.
Brightside acquires eVan book
E Insurance, a subsidiary of Brightside, has agreed to purchase the policy book and the new business and renewal rights of the eVan insurance brand from Southern Rock Insurance. The transaction is expected to be completed on 1 December 2008.
Insurance Age on-air news review
Martin Friel rounds up the main broker stories this week including: Giles sees another director leave following private equity investment; Arista makes further push into the regions with Midlands office; and RSA announces restructure.
MMA creates new head of personal lines underwriting role
Broker-only insurer, MMA Insurance (MMA), has appointed Martin Scarrett to the newly created role of head of personal lines underwriting.
ABI slams point of sale PPI ban
The Association of British Insurers (ABI) says the Competition Commission's proposal to stop point of sale payment protection insurance selling is "devastating news for borrowers".
Zurich operating profit drops 15%
Zurich Financial Services has said all its core business areas are delivering solid operating performances despite the impact of "particularly adverse circumstances" in the third quarter.
Cass Business School and CII Group drive professionalism with MSc graduates
The CII Group and Cass Business School have joined forces to promote professionalism for MSc graduates by offering membership of the insurance professional body for one year.
JLT says on track to deliver 'sustainable profitable growth' in 2008
Jardine Lloyd Thompson, the UK (re)insurance broker, said it remains on track to deliver sustainable profitable growth in 2008, despite the current circumstances of unprecedented dislocation and uncertainty in the financial sector worldwide.
Fitch affirms AIG’s ratings
Fitch has affirmed American International Group’s (AIG) ratings at ‘A’ for its long-term issuer default rating (IDR) and also for its senior unsecured securities. It also removed the insurer from Rating Watch Evolving.