News
Fitch warns of mounting pressure on global insurance ratings
Fitch Ratings said that balance sheet pressures for insurance and reinsurance companies globally were becoming more severe as insurers experience greater unrealised market value losses, and take impairments, on their investment portfolios. As such, Fitch…
Ascot Underwriting appoints new CEO
Andrew Brooks, currently chief underwriting officer of Ascot Underwriting, has been named chief executive officer.
Two thirds unprepared for flooding
Almost two thirds of British homeowners said they did not feel prepared in the event of a flood occurring in the area they live in, according to new research.
Brokers warned of client money risks
BDO Stoy Hayward LLP has warned all regulated insurance intermediaries holding monies on behalf of clients to take all necessary steps to ensure that money they deposit with banks on behalf of their clients is safe if the bank were to fail.
Accident management director arrested for motor claims fraud
The director of a multi million pound accident management company was arrested for conspiracy to scam UK motor insurers.
Ignition bolsters regional team
Ignition NBS has appointed a seven-strong team of regional development directors to meet growing client demand.
Marsh encourages smarter risk management to ease credit crunch
Marsh has released a paper detailing how insurance and risk management strategies could help UK firms strengthen their financial resilience and continue operating profitably during deteriorating economic conditions.
LV= acquires Highway
Liverpool Victoria (LV=) has completed its acquisition of Highway Insurance. The acquisition, which includes Highway Insurance and Hero Insurance Services, will expand LV=’s general insurance division.
Glacier Insurance opens new office in London
Glacier Insurance, headquartered in Liechtenstein and part of the Switzerland-based Glacier Group has moved to its new underwriting office in London. It will now have a permanent base at 88 Leadenhall Street, London.
Insurance Age on-air news review
Features editor Martin Friel looks at the main broker stories this week
Axa launches £4m marketing campaign
Axa is to launch a fully integrated advertising campaign through Saatchi & Saatchi and Team Saatchi, which highlights how consumers deserve the highest standards of customer service from financial services companies.
Galbraith hits back
In response to the claim that UK brokers are at war over commission Eric Galbraith, British Insurance Brokers' Association (Biba) chief executive has issued a statement which he said would clarifiy Biba and LMBC’s position with regard to commission…
comparethemarket.com launches comparisons on new products
A new service has been launched by comparethemarket.com, the price comparison site. Consumers can now search the site for excellent deals across a greater number of financial services products including health insurance, current accounts and savings…
CII opens up Talent Initiative database to the market
The CII Group has announced its extensive Talent Initiative graduate database will be available to the whole insurance industry until the end of November.
Aon acquires in hospitality sector
Aon has acquired specialist insurance broker, Supercover Holdings for an undisclosed fee.
Novae appoints joint liability team
Novae has appointed Janet Edey and Matthew Carr jointly to head its Syndicate 2007 management liability unit.
Insurance Age on-air news review
Insurance Age news editor Sarah Hills provides a run down of the major news stories from the week - watch it now .
Hiscox Europe chief departs
Hiscox announced today that Marc van der Veer, managing director, Hiscox Europe, will be leaving the group.
Internet crime - Criminal evolution heads online
Katherine Brandon exposes the risks presented by malware to brokers' IT systems
PB Management Event to take place in four venues
The PB Management Event, hosted by Insurance Age's sister title Professional Broking, will be taking...
RDT launches Landscape.CRM
RDT has launched Landscape.CRM, a technology solution that will allow insurers to enhance relationsh...