News
Capita buys insurance scheme provider National Dental Plan
The Capita Group has acquired the National Dental Plan (NDP) group of companies for a cash consideration of £30m on a cash-free, debt-free basis.
QBE raids Chubb for accident and health underwriter
QBE has announced the appointment of Gemma Seymour as accident and health underwriter in its non-Lloyd’s A&H team.
Groupama completes claims consolidation with four senior appointments
Four appointments have been made as Groupama completes the centralisation of commercial and personal claims to its claims centre in Port Solent, Portsmouth.
Hiscox's H1 results reveal a fall in profits
Hiscox’s profits before tax have dropped to £97.2m (H1 2009: £141.1m) and the group combined ratio has increased by 5.8% to 93.6% (H1 2009: 87.8%).
Carbon offsetting: Energy bills to rise
Brokers could face an increase in annual energy costs of £368 by 2020 as a result of climate change policies, the government has admitted.
MP banned after driving without insurance
Bolton South East MP Yasmin Qureshi has been banned from driving for six months after being caught using her mobile phone while driving without insurance, according to the BBC.
Westinsure members approve Ink takeover
Giles-owned Ink Underwriting Agencies has completed the acquisition of the Westinsure Group for an undisclosed sum.
Quinn confirms withdrawal from solicitors' PI
Quinn Insurance has confirmed today that it will not be re-entering the solicitors’ professional indemnity insurance market in England and Wales this year.
Brit loses distribution head Tim Grant
Brit Insurance's head of distribution Tim Grant is leaving to join Dual Corporate Risks, Insurance Age can reveal.
BCIS study reveals nearly a third of UK home insurance policies are incorrect
Homeowners may have paid the wrong premium for their buildings insurance if they insured for market value rather than rebuilding cost, according to The Building Cost Information Service (BCIS).
RSA warned to raise Aviva offer to £8bn
RSA will have to raise its offer for Aviva’s general insurance business by 60% to £8bn to seal the deal, according to a report in the City AM newspaper.
Ace raids Chartis and Aviva for Birmingham team
Ace has announced two new appointments to its Midlands regional management team.
QBE reports rise in European profits
QBE European Operations has reported a rise in pre-tax profit to US$222m for H1 2010, compared to $213m for the same period last year.
PB Week: Thinking about motor rates
Further to the news that car insurance premiums have jumped 14.2% in the second quarter 2010 it was interesting to note NIG's recent announcement that they were changing their strategy and moving away from the personal lines market, writes Paul Muir,…
Ray Cox lands Brit CEO role ahead of Burrows retirement
Mr Cox will replace Peter Burrows as chief executive officer of its UK strategic business unit. The appointment is effective from 1 September 2010.
FSA dishes out £150,000 fine as it bans five for insurance fraud
The Financial Services Authority (FSA) has banned five individuals for failings in relation to insurance fraud. It has also imposed one of its largest ever fines of £150,000 for insurance fraud on one of these individuals and £50,000 on another.
UK inflation rate falls again
Annual inflation in the UK has fallen for the third month in a row to 3.1% in July.
RSA responds to press speculation about Aviva
RSA has confirmed that it put forward a proposal to Aviva to acquire its UK, Canadian and Irish general insurance businesses excluding RAC and Health for £5 billion in cash.
Allianz's half year results show GWP rise but profits drop
As part of Allianz’s half year results CEO Andrew Torrance has promised further double digit rate increases in private motor and said there was a “prospect of underwriting profit” in this area in 2011.
NMJ Insurance buys Protheroe Insurance
NMJ Insurance Brokers has bought Derbyshire-based Protheroe Insurance for an undisclosed fee. The deal for the Belper-based company follows the acquisition of Ridge Insurance in January 2010. It has been acquired from Brian Milward who is retiring from…
Aviva confirms rejection of RSA's £5bn GI offer
Aviva has confirmed it received a conditional proposal from RSA to acquire its general insurance (GI) businesses in the UK, Ireland and Canada excluding RAC and health for a sum of £5bn funded entirely from a rights issue by RSA.
Aviation cover on offer from Allianz
Allianz Commercial is offering an aviation products liability solution for commercial customers underwritten by the specialist aviation team at fellow Allianz SE Group member, Allianz Global Corporate & Specialty.
Paymentshield protects payments
An income insurance product that insures against payments has been launched by Paymentshield
Marsh and Mercer merge in Manchester
Marsh and Mercer have announced the consolidation of their Manchester operations into one location.