NIG
Profile: Hidden depths
CCV’s Michael Rea may not shout about it but he’s certainly made his mark at the consolidator. He talks to Martin Friel about his appetite for aquisition, the prospect of flotation and working for an industry ‘personality’
NIG makes senior regional appointment
Insurer NIG has appointed Stuart Webb as head of regional trading.
News analysis - numbers: rival brands NIG's new pricing policy 'suicidal'
"We are certainly looking to grow our book of business and that means making it clear that we have an appetite"
The consolidator bubble: refunding lessons
Tony Cornell reflects on the problems of excess capital in the market and the effect on long-term growth.
NIG's rates guarantee is suicidal according to Groupama CEO
Groupama Insurances CEO, François-Xavier Boisseau, has fired a broadside at NIG and its controversial ‘guarantee to beat’ rate offer to brokers, describing the move as suicidal.
NIG defends “Guarantee to Beat” pricing strategy
NIG is promising brokers it will beat premiums by up to 5% on business held or quoted with 15 major insurance companies in the UK market.
Power hour: A flood defence drought
The coalition has already announced that flood defence spending is to be cut. With the Statement of Principles due to run out in 2013 this month's discussion focuses on the possible impact for insurance. Emmanuel Kenning reports from Manchester.
Allianz responds to calls for South-west presence
Allianz has responded to regional broker demand by launching a mobile underwriting team in the South West.
2010 review: A year of living cautiously
The economy grew, rival political parties unexpectedly started working together and personal lines rates even hardened, although plenty of surprises and setbacks meant that 2010 was far from plain sailing, writes Andrew Tjaardstra.
ECIC appoints new underwriting manager
The Electrical Contractors’ Insurance Company has announced the appointment of Agneta Desouza as underwriting manager, reporting to chief underwriting officer, Richard Forrest-Smith.
Willis Networks appoints regional MDs
Willis Group Holdings has announced the appointment of two new regional managing directors for Willis Networks.
Viewpoint: Time to put things right
With poor motor results continuously dismissed as being due to external factors, David Vine asks why insurers choose to ignore the evidence that would enable accurate pricing and, in turn, profit.
Aritsa targets South Wales growth with new hire
Commercial lines underwriting specialist Arista Insurance has appointed Mark Chichester as senior underwriter to help develop the South Wales market and enhance its technical proposition to brokers in the area.
NIG appoints two underwriting managers
NIG has appointed two new underwriting managers for their motor trade and property owners lines of business.
Market Moves
A monthly look at who is moving where...
NIG business to be exempt from further RBSI office closures
Royal Bank of Scotland Insurance (RBSI) has assured brokers that NIG will not be impacted by recent office closure plans.
Home & Legacy joins growing online mid-net-worth sector
Brokers having to work harder than ever to retain MNW clients, according to Home & Legacy.
Arista raids NIG for senior underwriter in Leeds
Commercial lines underwriting specialist Arista Insurance has appointed former NIG senior business development manager, Steve Ford, as senior underwriter for the Leeds area.
Editor's comment: The motor market is shot
A senior industry figure told me this month that it is the "worst time" in the history of the motor market for insurers. A pile of news has confirmed this, including RBS's loss of over £200m in its first-half results, Equity's reserving issues and NIG…
NIG exit sparks RSA return to personal lines
RSA has expressed a renewed appetite for personal lines business after admitting it had previously been "deliberately underweight" in this area.
NTR pilot to ease complex business underwriting
Broker Network is piloting a network trading room (NTR) environment that aims to allow members to place complex commercial risks.
Arista boosts Bristol team with hires from Chartis, NIG and Axa
Commercial lines underwriting specialist Arista Insurance has made three appointments to further strengthen its Bristol office.
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,…
NIG launches property policy
NIG has launched its new Premier Property Owners product to a panel of up to 40 brokers.