News
Private medical insurance policies lack clarity on cancer care, says charity
Cancer insurance policies offered by PMI providers have been criticised for lack of clarity and ambiguous terminology that may result in people being excluded from treatment, according to a study by Mercer and Cancerbackup, the cancer charity.
BPO on insurer's agenda says Datamonitor
Insurers in Europe and the US are increasingly considering policy administration business process outsourcing (BPO), says a new report by independent market analyst Datamonitor.
Environment Agency reports 12 months on since the summer floods
Nearly 12 months on since unprecedented rainfall led to widespread flooding in England and parts of Wales, the Environment Agency has completed 34 flood defences to increase protection to more than 30,000 homes and signed up 73,000 more people to its…
SSP rolls out Imarket offering to brokers
SSP has rolled-out its integrated imarket solution, iConnect, to its first 100 brokers and is expecting to have a further 100 using the system in the next Quarter as transaction volumes continue to pick up momentum.
Marsh expands global construction claims team
Marsh has acquired the assets of The Nielsen-Wurster Group’s Construction Claims and Dispute Resolution business. As part of the transaction, more than 30 Nielsen-Wurster professionals and staff will join Marsh, including Reza Nikain, president of the…
Brit buys 30% stake in broker
Brit Insurance Holdings has made an investment of £7m in Xbridge giving Brit Insurance a 38% interest in the business. Xbridge is the United Kingdom's leading online insurance and finance technology platform specialising in owner-managed businesses,…
Moneyway welcomes FSA plans for transparency
Moneyway, the bank that prides itself on being simple and transparent, has welcomed the news that the Financial Services Agency plans to ‘name and shame’ financial brands that are subject to complaints. Gary Jennison, CEO of Moneyway, formerly known as…
Not switching home insurance cost Brits £26m last year
Research published today by Tescocompare.com has revealed that almost two thirds (64%) of Brits stayed with their existing home and contents insurance provider at their last renewal. This is despite almost half (44%) seeing a price increase and a massive…
Details of annual insurance charities day revealed
The insurance charities annual charity day is being held this year on Friday 20 June.
Stackhouse Poland acquires
Stackhouse Poland has cemented its position as one of the country’s leading independent insurance brokers with its acquisition of 100% of the share capital of David Fangen Holdings, which includes David Fangen (based in London) and W Burch & Son (High…
SSP rolls out integrated imarket solution, iConnect
SSP has rolled-out its integrated imarket solution, iConnect, to its first 100 brokers and is expecting to have a further 100 using the system in the next quarter as transaction volumes continue to pick up momentum.
Business as usual despite credit crunch says Focus Solutions’ survey
44% of financial services institutions said that it was business as usual and that the current economic climate has had no effect on their business, according to a survey conducted by Focus Solutions at their focus:360° launch event and industry briefing…
Defaqto response to the CC Provisional Findings Report
Defaqto has welcomed the publication by the Competition Commission of its provisional findings in its inquiry into the Payment Protection Insurance market.
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Zurich to cut general insurance workforce by up to 900
Zurich has announced that up to 900 people could be made redundant as part of a “significant re-shaping of the company”, putting one sixth of the insurer’s UK general insurance workforce at risk.
Axa expands protection large case team
Axa has expanded its large case team for protection products.
Jelf annouces strong performance and continued growth
Jelf Group has annoucnes a 49% growth in revenue to £25.0m (2007: £16.8m) in its interim results for the six months ended 31 March 2008.
Take PPI away from credit providers says British Insurance
The Competition Commission’s latest Report recommending measures to prevent consumers being ripped off by lenders selling Payment Protection Insurance is lightweight and will not protect against exploitation, said Simon Burgess from independent PPI…
PPI/CC news is 'unreal' and 'absurd' says law firm
Simon Morris, a partner with CMS Cameron McKenna, said of the PPI/Competition Commission news: “This is unreal. The Competition Commission suggestion that firms be banned from selling PPI (Payment Protection Insurance) to customers to protect their loans…
High Court finds in favour of insurance companies QBE and Markel
The High Court today found in favour of QBE, Amalfi Underwriting Underwriting Limited and Markel in a joint fraud action those companies brought against former directors and managers/associates of Surety Guarantee Consultants Limited (SGC). Davies Arnold…
Ex-NU director joins MMA and sets out ambitious strategy
One of Norwich Union’s former directors, John Seaton, has been appointed as underwriting director at intermediary only insurer, MMA Insurance (MMA).
'You reap what you sow' say moneysupermarket.com on CC proposals
Commenting on the Competition Commission's findings into PPI, Stuart Glendinning, managing director of price comparison site, moneysupermarket.com, said: “You reap what you sow. The prospect of preventing lenders selling PPI at the point of sale is an…