Insurer
Three top insurers suffer from Irish downgrade
Aviva, RSA and Allianz have all been restricted from providing cover for Irish state companies due to the country’s demotion by credit rating agencies.
Zurich creates new underwriting role for SME
Zurich’s UK General Insurance business has appointed Russell Corbould-Warren to the newly created role of head of SME underwriting.
Groupama targets PA cross selling
Groupama has released a personal accident (PA) broker toolkit in a move it said was designed to help the 61% of brokers who claimed they had difficulty selling the cover.
QBE sets up new environmental liability team
QBE has created a new team to launch an environmental impairment liability (EIL) product.
NIG hires from rivals to grow London SME book
NIG has made two senior appointments to its London office in a bid to secure a greater share of the London SME market.
Mitsui Sumitomo completes regional office network
Mitsui Sumitomo at Lloyd’s has confirmed the completion of its regional office network with the opening of branches in Belfast and Glasgow.
LV appoints new leader in Exeter
LV broker has appointed Kevin Wildman to the new role of branch manager for its Exeter office.
Zurich appoints new chief underwriting officer
Zurich has appointed Nick Major as chief underwriting officer (CUO) for its global corporate in the UK (GCUK) business area, effective immediately.
Insurance sector paying bills later
Companies in the insurance sector paid their bills an average of 19.78 days late in the third quarter of 2011, an increase of nearly 1.5 days on the previous three months, according to research from Experian.
New name for Quinn following sale
Quinn Insurance will begin trading under the new name Liberty Direct on 7 November, according to reports.
North West top for bodily injury claims
Research from the Institute and Faculty of Actuaries has shown the North West of England to be the leading hot spot for private car insurance claims involving bodily injury.
RSA appoints More Than man to head up e-business
RSA has appointed Ian Hood as group e-business director with responsibility for broker self servicing options.
Fears over reserving raised at AM Best conference
Delegates at the AM Best 2011 Insurance Market Briefing were warned that concern was growing about the adequacy of reserves in the UK non-life company market.
Aviva confirms job losses in Ireland
Aviva has confirmed the prospect of long-expected job losses in its Irish operation with the announcement that 770 jobs are set to go from Aviva Ireland.
Takaful-focused insurer bought by run-off investment specialists
Randall & Quilter has agreed to buy Principle Insurance for £4.275m cash.
Aviva Ireland job losses expected today
Aviva is expected to finally announce the long-rumoured job cuts of over half its Irish workforce today.
Flood cover could be pulled following reforms warns ABI
Government tactics to reform the planning process must not lead to uninsurable building developments, the Association of British Insurers (ABI) has warned.
Chaucer bolsters UK motor business with key appointment
Chaucer Insurance has appointed Paul Baxter as head of direct as the insurer aims to build its UK motor business.
Aviva launches multi-car policy for families
Aviva has launched MultiCar, a new insurance policy for family members living at the same address to cover up to five cars or vans in a household.
Ten sentenced in crash for cash scam
Ten people have been sentenced after a three year investigation, led by Ageas, into a crash for cash conspiracy.
Nine arrests over crash for cash scam in Huddersfield
Eight men and one woman have been arrested by police in Kirklees as part of a major investigation into suspected fraud and money laundering offences.
Straw slams CMC “parasites” and near criminal activity
Jack Straw MP has attacked claims management companies (CMCs) and credit hire firms as “parasites in the system” in his evidence to the Transport Select Committee’s investigation into the cost of motor insurance.
ABI warns Transport Select Committee
The Association of British Insurers (ABI) has warned that “not for the first time” the Transport Select Committee risked “missing the point” about motor insurance as it re-opened its inquiry.
Survey finds 96% of young drivers feel priced off the road
Research by Young Marmalade has revealed that 96% of young drivers think they are being priced off the road because of high motor insurance premiums.