Travel insurance
Product update: Sunworld travel disruption
A new product designed to protect travellers against the insolvency of travel agents and tour operators and the disruption caused by increasingly severe weather events, has been launched.
Product update: Product for boat enthusiasts
Boat and marine insurance provider Towergate Mardon has launched a new travel policy for boat and dinghy enthusiasts.
Travel rates need sharp hike if sector is to turn profit
The travel insurance industry needs to push through rate increases of up to 30% if the sector is to return to profitability, according to travel specialist Mondial Assistance.
Travel hikes spell trouble for schemes brokers
Following the rise in insurance premiums from Axa, Peter Hayman, director of P J Hayman, has predicted that some scheme holders will have difficulty renewing on competitive terms.
The results are in: The Top 50 Brokers in Personal Lines
Insurance Age has produced the third edition of its Top 50 Brokers in Personal Lines supplement, published in conjunction with Cornell Consulting.
Comparison site to provide unique gadget cover service
Moneymaxim has launched what it claims is the first gadget insurance comparison service.
Fortis takes on travel customers in five-year deal
Fortis UK has announced it is to expand its existing partnership with Tesco Bank as part of a five-year deal worth around £59m in gross written premiums (GWPs).
Fortis signs £59m travel deal with Tesco
Fortis has agreed a five year deal with Tesco Bank to provide underwriting, claims management and sales and service support to Tesco Bank’s travel insurance customers.
P J Hayman warns of unpredictable travel insurance rates
Specialist travel insurance provider P J Hayman has forecast higher rates for scheme holders and brokers with travel insurers revising and renewing schemes after the summer holidays.
IFB meeting expected to move CUE plans forward
The Insurance Fraud Bureau (IFB) is confident it will move a step closer to creating a Claims Underwriting Exchange (CUE) travel database following its latest member meeting.
Arc wins Aviva contract
Arc Legal Assistance has been appointed by Aviva as provider of its household and travel legal expenses to a significant proportion of its personal lines customers.
Insurance revenue grows 9% at Moneysupermarket
Moneysupermarket has reported a 9% increase in insurance revenue to £40.6m for the six months to 30 June 2010 (H1 2009: £37.1m).
E-commerce: Swift Assure quote-and-buy facility targets high-profile users
Leicester-based online broker startup Swift Assure has announced the launch of a new quote-and-buy facility.
Scheme news: Recent product launches home in on over-50s sector
Recent product enhancements and launches indicate industry appetite in the over-50s sector is increasing.
Emergency Budget 2010: Travel insurance provider slams gulf in IPT rates
Specialist travel insurance and schemes provider, PJ Hayman has hit back at the rises in insurance premium tax (IPT) after Chancellor of the Exchequer, George Osborne, announced an increase from 5% to 6% on products such as motor and home while raising…
Emergency Budget 2010: Biba fears IPT rise will lead to cuts in cover
The British Insurance Brokers' Association (Biba) said it is concerned that consumers and businesses will be hit by increasing insurance costs.
Alpha Underwriting launched
Alpha Underwriting has announced the launch of its accident, health and travel sector offering to handle corporate travel and personal accident cover utilising underwriting capacity from Lloyd’s of London.
PJ Hayman calls for IPT standardisation
PJ Hayman, specialist travel insurance and Schemes provider, has called on the new Government to reassess the level at which Insurance Premium Tax (IPT) is charged on travel insurance.
Number of travel insurance policies increases by 9.5%
According to Defaqto, there has been a 9.5% increase in travel insurance policies despite a decline in overseas travel.
Equity Red Star launches over 50s PA policy
Equity Red Star has launched its ‘Over 50s Accident Plan’ to cater specifically for the over 50s sector.
Travel insurance fraudster sentenced
A travel insurance fraudster, accused of making £40,000 worth of claims affecting eight insurance companies over five years, has been sentenced.
LV loses out to Fortis in charity deal
Fortis has been chosen over LV to become the insurance partner of the rebranded charity Age UK.
Reportage - specialist lines: Freedom of movement
InsureCancer's award-winning approach to providing travel insurance for cancer sufferers is changing perceptions of this sensitive market. Dr Krish Shastri tells Liz McMahon how the company manages to underwrite the majority of cases and about plans to…
Results news: Fortis to plough on with rebranding despite loss
Fortis UK has confirmed it will complete its rebrand to Ageas by the first quarter of 2011, after announcing a £1.8m loss during Q1 2010 (Q1 2009: £4m profit).