Insurer
LV creates 50 jobs in Bristol
LV has announced it is to create 50 new jobs in the first quarter of 2012 through expanding its Bristol operation.
i-Digital and Jubilee claim industry first for download cover
Underwriting agency i-Digital Insurance and Lloyd’s insurer Jubilee have released a new policy to cover downloaded content held on computers, smartphones, mobiles devices and any other form of electronic equipment.
Groupama chief flattered to be for sale
Groupama’s chief executive officer, François-Xavier Boisseau, has described being put up for sale as both a “disappointment and good surprise. It is quite flattering to be for sale because you are considered a very valuable asset.”
Groupama in the UK up for sale
Groupama is to sell its UK operation as the French insurer scrabbles to raise funds to shore up its EU debt position.
Groupama broker insists business as usual despite sale
Graham Lark, chief executive of Lark Group, has told Insurance Age he believes it is business as usual for the broker following the news of Groupama putting its UK business up for sale.
Motor premium hardening grinds to a halt
Motor insurance premiums rose by only 0.05% for the average comprehensive policy in the final quarter of 2011, a survey by Confused.com and Towers Watson has revealed.
NIG wins events underwriting contract from Axa
NIG has won the contract to underwrite the core business of Event Insurance Services (EIS) from incumbent provider, Axa.
Mitsui Sumitomo appoints ex-Chubb leader
Mitsui Sumitomo at Lloyd’s has appointed Steve Ranzetta as class underwriter to target the UK and international accident and health market.
Industry laments lack of referral fee bite in TSC report
The Transport Select Committee’s follow up report into the cost of motor insurance has been widely welcomed by the insurance industry but there is frustration that proposed measures to tackle referral fees do not go far enough.
Select Committee report focuses on whiplash claims and referral fees
The Transport Select Committee has called for the bar to receiving compensation for whiplash to be raised and for the receipt of referral fees to be banned across the board.
Capita appoints new chief of service provision from FSA
Capita Commercial Insurance Services has appointed Greg Carter as director of client services, reporting to Brent Escott, head of the general insurance division.
Allianz stakes claim for industry first with broker scholarship scheme
Allianz Commercial has launched a new scholarship programme to support staff at chartered brokers in achieving their Chartered Insurance Institute (CII) Diploma in Insurance.
Sean Quinn could face 12 year business ban in Republic
Sean Quinn’s bankruptcy declaration has been rejected by the High Court in Belfast following a challenge by the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank.
New chief for Lifestyle Services Group
Lifestyle Services Group has appointed former Combined Insurance chief, Chris Harrison, as its new CEO.
Aspen achieves chartered status
Aspen Risk Management has been awarded corporate Chartered Insurers status by the Chartered Insurance Institute.
Household market predicted to strengthen
Home insurance premiums could rise by up to 10% in 2012 according to Deloitte.
Hoban calls on insurance industry to face long term challenges
Mark Hoban MP has warned that the insurance industry must be careful to avoid becoming “absorbed by the short term challenges” it faces and be more aware of the long term difficulties.
Elite in solicitors’ PI U-turn
Elite Insurance has confirmed that it will re-enter the solicitors’ professional indemnity (PI) insurance market in 2012.
Hyperion launches takeover bid for Lloyd's broker
Hyperion has entered into talks with Lloyd's broker Windsor regarding a potential offer.
Markel International makes brace of underwriting hires
Markel International has made two new underwriting appointments to its MGA division.
New account executive for Jelf Manson
Jelf Manson has appointed Alastair Teague as account executive.
Covéa exerts control over UK arm with merger and rebrand
French-owned insurer MMA is to be rebranded as Covéa as part of a merger with Provident Insurance.
Brokers urged to respond to FSA consultation on PPI
Brokers have been urged to respond to the joint investigation into payment protection products by the Office of Fair Trading and Financial Services Authority (FSA) and respond accordingly.
Brokers' profitability predicted to fall
Brokers saw a strong decline in business at the end of 2011 and face further reductions in profitability at the start of 2012 according to a new report.