News
Asplin lands LEI association role
The CEO of DAS Legal Expenses Insurance, Paul Asplin, has been appointed as the new vice president of RIAD, the International Association of Legal Expenses Insurers.
Aon moves into renewable energy
Aon has launched a renewable energy practice, within Aon Natural Resources.
Decline in daylight causes 5% increase in vehicle accident claims
Van and business car drivers will face one of the most treacherous times of the year for road traffic accidents this week, according to new figures from More Than Business.
Confused.com adds new partner to home insurance panel
Confused.com has added Protectyourbubble.com to its home insurance panel.
Former AMG director sets up new operation
A new liability adjusting business called Delta Claims Services has been set up and will be operating as of the beginning of next month.
BGL rises on Britain’s 250 Largest
The BGL Group has been ranked one of the largest mid-market private companies in Britain, according to the latest Sunday Times HSBC Top Track 250 league table. The company placed 175 on the list, up 54 places from the previous year.
Brit reports rise in GWP
Brit Insurance has announced that gross written premiums for the first nine months of the year to end-September rose 10.5% to £1.12bn from just over £1bn a year earlier.
uSwitch adds travel insurance to product offering
Price comparison site, uSwitch.com, has added travel insurance to its list of products.
Lloyds announces provisional loss estimate from Hurricanes Gustav and Ike
Lloyd’s has announced its provisional loss estimate for Hurricanes Gustav and Ike.
AA director admits surprise as household premiums fall
The latest benchmark AA British insurance premium index of home insurance premiums recorded quarterly rise in the average quoted premium for an annual buildings insurance policy, which now stands at £213.32, about £3 or 1.8% higher than the previous…
Motor premiums up 7.6% in 12 months claims survey
The latest figures from the AA’s benchmark British insurance premium index show UK average premium quoted for an annual comprehensive insurance policy rose 3.1% or £22 over the past quarter, a similar rise to the previous three months. Over the year,…
OurNetwork unveils members of broker advisory panel
OurNetwork, the new network for brokers, has released details of its broker advisory panel – a group of experienced senior brokers whose role is to advise the network on broker needs and service requirements.
Zurich UK set to redomicile
Zurich UK has become the latest company to make the decision to redomicile in the Republic of Ireland in a move the insurer says will create greater efficiencies throughout the group, Insurance Age has learned.
ABI: we will not be complacent but the insurance industry remains strong
The Association of British Insurers (ABI) has insisted that the UK insurance industry remains stronger than during previous times of market turbulance.
AIG cancels $8m worth of junkets to appease New York attorney general
Following a meeting with the New York State attorney general Andrew M Cuomo, AIG chief executive and chairman Edward Liddy has agreed to take several significant actions with respect to expenditures at AIG.
Cooper Gay to complete two acquisitions before end of 2008
Insurance broker Cooper Gay has confirmed that it will complete at least two acquisitions before the end of 2008.
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.