Insurer
Products: LV Broker adds home insurance product to its e-trading platform
LV Broker launched its ABC home insurance product on Insurecom, in a move the insurer said would strengthen its e-trading offering and prove beneficial for its broker partners.
Brokers face income hit after Ministry of Justice closes CMCs
Closure of claims management companies could lead to significant losses for some smaller brokers
You’re fired
Changes to employment law swing the balance of power back towards the employer, but there are still pitfalls to avoid, explains Peter Done
Market moves: The moves merry-go-round
The insurance recruitment gene pool has long required dilution but it still seems to be the same names popping up going to new jobs at new companies. Which wouldn’t be so bad if so many of them didn’t end up going back to the company they originally left…
Products: Income protection products still relevant, L&G says
Legal & General (L&G) has launched Lifestyle Cover, a new short-term income protection product.
RSA’s agency cull sparks broker unease
Insurer’s new broker strategy could see further reduction in agencies
Products: Lumley Jacobs signs up forensic coding partner
Non-risk and income specialist Lumley Jacobs has signed a deal to supply Tradewise with a branded forensic coding system. The company will incorporate the forensic coding within its proposition for motor trade and commercial vehicle customers.
Products: Mondial product to help patient recovery at home
Mondial Assistance UK has created a new homecare product, Insured Personal Care at Home, and appointed Phil Carr as head of health services to lead its launch.
Sentiment Survey Spring 2012
The latest Sentiment Survey covers market hardening expectations, increasing broker engagement with social media and the priorities for Biba, all according to brokers
Products: Paymentshield updates its online system
Paymentshield has announced an investment of over £2m in its Inertia Online System, and an overhaul of its insurer panel, in a bid to enhance the products and services it offers to brokers.
LV hires claims director from American Express Insurance
LV has appointed Chris Rolland as claims director responsible for overseeing all aspects of claims within LV's general insurance business.
QBE's acquisition strategy contributes to Moody's downgrade
QBE's "aggressive pace of acquisitions" has led Moody's to downgrade the outlook of the insurer's senior debt ratings from 'stable' to 'negative'.
Liberty sets up Leeds operation
Liberty Mutual Insurance has made four new appointments as it opens a new office in Leeds.
Aviva's Moss waives payrise as shareholders kick back over executive pay
Aviva has agreed to review its remuneration policy as the insurer attempts to avoid a shareholder revolt over executive pay.
Income pressure to hamper premium recovery until 2015
Non-life premiums will not recover to 2003 levels until after 2015, according to the Ernst & Young ITEM Club Outlook for financial services.
Referral fee ban lacks definition and will "damage access to justice"
The LASPO Bill represents “a litany of missed opportunities for the personal injury system” according to John Spencer, director of Spencers Solicitors.
Blanc urges brokers to get online to defend SME market
Axa Commercial’s CEO, Amanda Blanc, has warned brokers they risk losing the SME space to the direct market if they continue to ignore the benefits of e-commerce.
New health product aims to side-step NHS waiting times
Westfield Health has launched a new corporate health insurance product providing private cover for non-urgent surgical procedures.
JLT claims positive start to 2012
Jardine Lloyd Thompson (JLT) said its financial position remains strong, in an interim management statement covering the period between 1 January and 25 April 2012.
Canopius offer for Omega recommended
Canopius has made a cash offer of 67p per share for Omega Insurance Holdings.
New affinity leadership for Jubilee
Jubilee has appointed John McGonigle as head of affinity and special risks.
Aspen reports 50% jump in COR as it increases GWP by $100m
Aspen Insurance Holdings reported an improvement of more than 50% to its combined operating ratio (COR) from 148.7% in the first three months of 2011 to 93.8% in the first quarter of 2012.
Broker Direct seeking similar deals following Zurich win
Broker Direct has won the contract to distribute Zurich-branded personal lines motor and household products through regional brokers.
Dual appoints deputy chief from Zurich
Dual Group has appointed Shane Doyle as deputy CEO, reporting to CEO Damien Coates.