PPI is intended to meet payments on personal loans should the borrower be unable to work through illness or lose their job and the Commission [...]" (2008-12-30)
Residents Call for Asbestos Removal in Silicon Valley
Il y a 14 ans
mardi 30 décembre 2008
Consumers not keen on shopping around for PPI
"Proposals by the Competition Commission to ban the sale of payment protection insurance (PPI) alongside the sale of a loan or credit card do not meet with widespread approval among consumers.
PPI is intended to meet payments on personal loans should the borrower be unable to work through illness or lose their job and the Commission [...]" (2008-12-30)
Read more...
PPI is intended to meet payments on personal loans should the borrower be unable to work through illness or lose their job and the Commission [...]" (2008-12-30)
Unemployment insurance: A safety net in need of repair
"The benefits awaiting America’s unemployed are outdated and skimpy COMPARED with the systems in other industrialised countries, the American unemployment-insurance (UI) scheme pays lower benefits for less time and to a smaller share of the unemployed. In expansions this encourages the jobless to return quickly to work—and unemployed Americans do indeed work harder at finding jobs than their European counterparts (see chart). But in recessions, when there is less work to return to, it causes hardship. Like America’s training system, UI is ripe for attention from the incoming Obama administration.Like much of the social safety net, the current UI system was a product of Franklin Roosevelt’s New Deal. States were prodded to provide benefits in accordance with federal guidelines; in return the federal government paid their administrative costs. But the system has not kept up with changes in America’s labour force. ..." (2008-12-30)
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Re-training America's workers: The people puzzle
"Thousands of workers are losing their jobs. America now faces the hard task of getting them back to workMOIRA MCKAMEY is one of many Americans with more free time than she would like. In November DHL, an express delivery company, said that it would close its American domestic operations at the end of January. Up to 10,000 jobs may be lost in Wilmington, Ohio, where DHL has its main hub for domestic traffic, and where it is the town’s largest employer. Ms McKamey’s job has already vanished. She is trying to keep busy but, on a break from painting her kitchen a cheerful yellow, she succumbs to tears. She worked at the hub for 20 years. Her husband is a small farmer; she supplied a steady income and the family’s health insurance. She will be 52 this month. “I just never thought I would have to start all over at my age,” she explains. America’s overall unemployment rate is 6.7%. But in some states sweeping lay-offs make the outlook much gloomier. Wilmington’s predicament is among the worst in Ohio’s recent history, while in Michigan at least 90 firms have announced firings in the past two months. More will surely come as the Big Three carmakers cut costs and possibly enter bankruptcy. Town and state officials across America now face a daunting prospect: helping millions of workers find new jobs. ..." (2008-12-30)
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Japanese insurers consult on merger
"Three of Japan’s largest insurers are understood to be in merger talks.
According to reports, Mitsui Sumitomo Insurance Group Holdings Inc, Aioi Insurance Co and Nissay Dowa General Insurance Co are working towards an agreement that could be in its final form by March of next year, although an actual merger would not be complete until [...]" (2008-12-30)
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According to reports, Mitsui Sumitomo Insurance Group Holdings Inc, Aioi Insurance Co and Nissay Dowa General Insurance Co are working towards an agreement that could be in its final form by March of next year, although an actual merger would not be complete until [...]" (2008-12-30)
lundi 29 décembre 2008
Credit Scoring Resources
"The Federal Trade Commission (FTC) decision to order nine homeowners insurers to provide information on the use and effect of credit-based insurance scores in homeowners insurance is a reminder of the continuing need for insurers to explain why they use credit information in personal lines underwriting and exactly how it works. The FTC is seeking [...]" (2008-12-29)
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RBS may abandon insurance arm sale
"Royal Bank of Scotland (RBS) may call off the £7 billion sale of its insurance unit, which includes the Direct Line and Churchill brands.
The Sunday Times reported yesterday that RBS, the UK’s second largest banking group, has already rejected an offer for its insurance business from private equity group CVC Capital Partners.
RBS said it was [...]" (2008-12-29)
Read more...
The Sunday Times reported yesterday that RBS, the UK’s second largest banking group, has already rejected an offer for its insurance business from private equity group CVC Capital Partners.
RBS said it was [...]" (2008-12-29)
mercredi 24 décembre 2008
Fortis tripped up by currency transactions
"Fortis, the insurance and banking group that in October had to be rescued by the Dutch and Belgium governments, has reported that it has lost €295 million in currency trading.
The group has agreed the sale of its Belgian assets to French bank, BNP Paribas, however earlier this month a Belgium court of appeal suspended the [...]" (2008-12-24)
Read more...
The group has agreed the sale of its Belgian assets to French bank, BNP Paribas, however earlier this month a Belgium court of appeal suspended the [...]" (2008-12-24)
mardi 23 décembre 2008
ABI detects rise in “front end” fraud
"The Association of British Insurers (ABI) has warned that Britons are increasingly putting their insurance cover at risk by cheating, in the hope of getting a better deal.
Insurers are uncovering a growing number of cases of “front end fraud”, or incidents where the customer has lied or failed to disclose material information to get cheaper [...]" (2008-12-23)
Read more...
Insurers are uncovering a growing number of cases of “front end fraud”, or incidents where the customer has lied or failed to disclose material information to get cheaper [...]" (2008-12-23)
Marsh warns of rise in fraud claims
"Marsh has warned that fraud claims will rise steeply in 2009, as the global economy continues to deteriorate.
According to the broker and risk management specialist, reported fraud cases in the UK are up 15% on 2007 and more companies will therefore be buying fraud protection insurance next year.
The firm’s managing director of financial and professional [...]" (2008-12-23)
Read more...
According to the broker and risk management specialist, reported fraud cases in the UK are up 15% on 2007 and more companies will therefore be buying fraud protection insurance next year.
The firm’s managing director of financial and professional [...]" (2008-12-23)
Swiss Re takes out $1.5bn loan
"Swiss Re has agreed a $1.5 billion credit deal with JP Morgan.
Switzerland’s reinsurance giant will use the letter of credit to make acquisitions at favourable prices during the current global economic crisis.
The company said it is in a strong position to take advantage of significant opportunities that have emerged from the unprecedented turmoil in the [...]" (2008-12-23)
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Switzerland’s reinsurance giant will use the letter of credit to make acquisitions at favourable prices during the current global economic crisis.
The company said it is in a strong position to take advantage of significant opportunities that have emerged from the unprecedented turmoil in the [...]" (2008-12-23)
US private equity firms look for reinsurance opportunities
"US private equity firms are looking for opportunities in the reinsurance market, according to a report by Reuters.
The 2008 Atlantic hurricane season was particularly active, following two relatively quiet years that prompted a drop in insurance premiums and led to predictions of consolidation amongst brokers and underwriters.
However, earlier this month Swiss Re reported that insured [...]" (2008-12-23)
Read more...
The 2008 Atlantic hurricane season was particularly active, following two relatively quiet years that prompted a drop in insurance premiums and led to predictions of consolidation amongst brokers and underwriters.
However, earlier this month Swiss Re reported that insured [...]" (2008-12-23)
lundi 22 décembre 2008
Keys to Retaining Customers
"A perennial issue for insurers is how to retain customers. A new study from J.D. Power and Associates says that identifying at-risk customers is critical for insurers in minimizing defection rates and increasing loyalty. The 2008 Insurance Retention/Defection Study found that although 85 percent of auto insurance customers indicate they are loyal to their carrier, [...]" (2008-12-22)
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Munich Re buys Hartford Steam Boiler
"Germany-based Munich Re today agreed terms to acquire AIG’s Hartford Steam Boiler Inspection (HSB) and Insurance Co unit.
The agreed purchase price for the 100% acquisition was $742 million (£497 million), funded entirely using Munich Re’s existing capital.
Connecticut-based HSB Group is a wholly owned subsidiary of struggling insurance giant American International Group (AIG).
It is the largest [...]" (2008-12-22)
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The agreed purchase price for the 100% acquisition was $742 million (£497 million), funded entirely using Munich Re’s existing capital.
Connecticut-based HSB Group is a wholly owned subsidiary of struggling insurance giant American International Group (AIG).
It is the largest [...]" (2008-12-22)
More Americans will travel abroad for medical treatment
"Why it pays to go abroad for medical treatmentAROUND 46m Americans lack health insurance, and tens of millions more are woefully under-insured. As they face huge out-of-pocket expenses, deductibles and “co-payments” for operations, they are increasingly heading overseas to cheaper facilities. Many common operations can be done in world-class hospitals abroad for a fifth or less of the price charged by American hospitals. As more employers and health-insurance firms add the “global option” to their plans, the number of American health tourists will soar to over 2m in 2009—rising to 10m by 2012, according to forecasts by Deloitte, a consultancy. ..." (2008-12-22)
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vendredi 19 décembre 2008
FDIC's Loan-Modification Plan Falls Short
"I admire the Federal Deposit Insurance Corp., under the leadership of Sheila C. Bair, for taking the lead in attacking the source of the financial crisis: the vicious cycle of declining home prices and foreclosures. I share FDIC's view that the way to break that cycle is to modify mortgage contracts...
" (2008-12-20)
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" (2008-12-20)
THB acquires Globesure
"Specialist insurance and reinsurance broker Thompson Heath & Bond (THB) Group PLC today announced the acquisition of reinsurance broker Globesure Holdings Ltd.
THB will pay for the acquisition in both cash and shares.
An initial consideration at completion of £206,000 cash will be paid ,in addition to 80,455 new ordinary THB shares at £0.10 each.
Further consideration will [...]" (2008-12-19)
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THB will pay for the acquisition in both cash and shares.
An initial consideration at completion of £206,000 cash will be paid ,in addition to 80,455 new ordinary THB shares at £0.10 each.
Further consideration will [...]" (2008-12-19)
Insurance Australia sells UK branch network to Swinton
"Insurance Australia Group (IAG) has agreed to sell certain UK businesses for a total of £73.5 million.
Swinton is acquiring the group’s branch network, which comprises 91 High Street outlets across England and Northern Ireland, for £50 million.
The outlets are branded Equity Insurance and Open+Direct.
IAG’s Hastings and Advantage businesses are subject to management buy-outs, valued at [...]" (2008-12-19)
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Swinton is acquiring the group’s branch network, which comprises 91 High Street outlets across England and Northern Ireland, for £50 million.
The outlets are branded Equity Insurance and Open+Direct.
IAG’s Hastings and Advantage businesses are subject to management buy-outs, valued at [...]" (2008-12-19)
jeudi 18 décembre 2008
jml-insurance offers Lifestyle excess insurance
"The jml-insurance website is now offering lifestyle insurance excess products through a dedicated link.
The products, provided by insurance4excess, are designed for consumers who make insurance claims and end up paying the excess, and are available for home, motor, health, travel and pet insurance.
The way it works is that a customer takes out a Silver £500 [...]" (2008-12-18)
Read more...
The products, provided by insurance4excess, are designed for consumers who make insurance claims and end up paying the excess, and are available for home, motor, health, travel and pet insurance.
The way it works is that a customer takes out a Silver £500 [...]" (2008-12-18)
Tysers enhances UK PI operation
"Independent insurance broker Tysers has announced that it has bolstered its UK Professional Indemnity capability with two new appointments.
Richard Bowdidge takes up the role of divisional director, and Kingsley Miller assumes the position of divisional associate director.
The two senior executives both joined the firm’s Corporate Risks Division from First City Limited, and in their new [...]" (2008-12-18)
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Richard Bowdidge takes up the role of divisional director, and Kingsley Miller assumes the position of divisional associate director.
The two senior executives both joined the firm’s Corporate Risks Division from First City Limited, and in their new [...]" (2008-12-18)
Last Minute Holiday Gifts
"What to do when you realize you need a gift and don't have time to get one." (2008-12-17)
Read more...
mercredi 17 décembre 2008
Norwich Union: Fraudulent motor claims rising
"Motor insurance giant Norwich Union has warned that car insurance fraud is on the rise because of the credit crunch.
Research by the insurer found motorists trying to reduce premiums by declaring false information to their insurance firm when taking out a policy.
However, Norwich Union warned that insurance granted on false premises is invalid, and added [...]" (2008-12-17)
Read more...
Research by the insurer found motorists trying to reduce premiums by declaring false information to their insurance firm when taking out a policy.
However, Norwich Union warned that insurance granted on false premises is invalid, and added [...]" (2008-12-17)
Willis reports rise in aviation insurance costs
"Broker and risk management specialist, Willis, is forecasting that aviation insurance premiums will rise through to the end of 2008 and into 2009.
In a report by the firm’s Aviation Practice, Willis notes that in November aviation premiums increased 16%.
During the month renewals by five pure cargo carrier programmes saw premiums rise by 40% because of [...]" (2008-12-17)
Read more...
In a report by the firm’s Aviation Practice, Willis notes that in November aviation premiums increased 16%.
During the month renewals by five pure cargo carrier programmes saw premiums rise by 40% because of [...]" (2008-12-17)
Credit insurance difficulties threaten banks’ lending
"Barclays and Royal Bank of Scotland are predicting trouble ahead for UK businesses as credit insurance becomes more difficult to obtain.
According to a report in The Times, representatives of the banks appeared before the Department for Business Select Committee yesterday and suggested that problems with trade credit insurance were preventing banks from lending to small [...]" (2008-12-17)
Read more...
According to a report in The Times, representatives of the banks appeared before the Department for Business Select Committee yesterday and suggested that problems with trade credit insurance were preventing banks from lending to small [...]" (2008-12-17)
Policyholder Surplus Downward Trend Continues
"Just one impact of the continuing financial crisis on the property/casualty insurance industry is that the financial cushion that protects policyholders is declining. The p/c industry’s third quarter 2008 results released yesterday by ISO and the Property Casualty Insurers Association of America (PCI) indicate that the downward trend in industry policyholder surplus continues. As the [...]" (2008-12-17)
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Will Insurance Companies Weather the Financial Storm?
"What does the continuing economic crisis mean for your insurance company and your policy?" (2008-12-16)
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Aon warns of fraudulent claims danger
"Broker and risk manager Aon has warned that 2009 will be a year when UK insurers find their bottom line pressured by fraudulent claims and legal fees.
Economic recession will see a rise in fraudulent claims. In turn, this will push up legal fees, driving premium increases.
Meanwhile, the insurance claims landscape will be reshaped by [...]" (2008-12-17)
Read more...
Economic recession will see a rise in fraudulent claims. In turn, this will push up legal fees, driving premium increases.
Meanwhile, the insurance claims landscape will be reshaped by [...]" (2008-12-17)
Marsh expands presence in China
"Insurance broker and risk adviser Marsh has been given the go ahead by regulatory authorities in China to establish a branch office in Dalian, the biggest city in Liaoning province.
The new officer becomes the fifth Marsh China has outside of Beijing, and follows on from offices in Shanghai, Guangzhou, Chengdu and Hebei province.
The firm has [...]" (2008-12-17)
Read more...
The new officer becomes the fifth Marsh China has outside of Beijing, and follows on from offices in Shanghai, Guangzhou, Chengdu and Hebei province.
The firm has [...]" (2008-12-17)
Hiscox warns against false economies
"Specialist insurer Hiscox has warned households against making false economies to try and ease the effects of the economic downturn.
Older washing machines, for example, cost more to run than their modern counterparts and are also more liable to cause insurance claims, such as for fire or flooding.
The insurer also advises against running appliances overnight, taking [...]" (2008-12-16)
Read more...
Older washing machines, for example, cost more to run than their modern counterparts and are also more liable to cause insurance claims, such as for fire or flooding.
The insurer also advises against running appliances overnight, taking [...]" (2008-12-16)
AIG offloads $39.3bn of toxic assets to Maiden Lane II
"American International Group (AIG) has sold $39.3 billion (£25.7 billion) of its residential mortgage-backed securities to Maiden Lane II, a newly formed trust backed by the Federal Reserve.
The stricken US insurance company secured an $85 billion government bail out in September, only hours after the collapse of Wall Street investment bank, Lehman Brothers.
The group went [...]" (2008-12-16)
Read more...
The stricken US insurance company secured an $85 billion government bail out in September, only hours after the collapse of Wall Street investment bank, Lehman Brothers.
The group went [...]" (2008-12-16)
FSA statement on transparency and conflicts of interest
"The Financial Services Authority (FSA) has issued a statement on transparency, disclosure and conflicts of interest in the commercial insurance market, in which it accepts that the industry should develop its own guidance to bring about improvements.
According to the regulator, evidence from recent work suggests that although intermediaries are largely managing conflicts of interest appropriately, [...]" (2008-12-16)
Read more...
According to the regulator, evidence from recent work suggests that although intermediaries are largely managing conflicts of interest appropriately, [...]" (2008-12-16)
FOS reports surge in PPI complaints
"The Financial Ombudsman Service (FOS) says it has received over 25,000 complaints relating to the sale of payment protection insurance (PPI), since January.
By comparison, during the 12 months to April 2008 the service recorded 10,652 complaints regarding PPI, up significantly from 1,832 during the previous 12 months.
At the beginning of the year, the FOS [...]" (2008-12-15)
Read more...
By comparison, during the 12 months to April 2008 the service recorded 10,652 complaints regarding PPI, up significantly from 1,832 during the previous 12 months.
At the beginning of the year, the FOS [...]" (2008-12-15)
Lloyd’s syndicates ordered settle North Korean claim
"Syndicates at Lloyd’s of London have been defeated in a legal battle with the Korea National Insurance Corporation (KNIC), which is owned by the Government of North Korea.
The case centred on a claim made by KNIC, which reinsurers had resisted settling because they suspected fraud.
The three syndicates have now agreed to pay out their [...]" (2008-12-15)
Read more...
The case centred on a claim made by KNIC, which reinsurers had resisted settling because they suspected fraud.
The three syndicates have now agreed to pay out their [...]" (2008-12-15)
vendredi 12 décembre 2008
Thinking Small Can Save You Big
"Small savings can add up to big savings faster than you may realize." (2008-12-12)
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Cautious Approach to PAYD Insurance
"In case you were wondering, the California Air Resources Board passed the climate plan. This brings us to one of the recommended actions under the plan: pay-as-you-drive (PAYD) insurance. PAYD is a type of auto insurance where driving less can yield a cost benefit to the insured. In California the insurance commissioner has already proposed [...]" (2008-12-12)
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Further delay for Equitable Life policyholders
"The Government has once again disappointed Equitable Life policyholders by delaying its response to a report by the Parliamentary Ombudsman, Ann Abraham, for a further month.
In 2000, over one million investors in the UK’s oldest mutual insurance company lost up to 50% of the value of their pension funds when Equitable Life came close to [...]" (2008-12-12)
Read more...
In 2000, over one million investors in the UK’s oldest mutual insurance company lost up to 50% of the value of their pension funds when Equitable Life came close to [...]" (2008-12-12)
MMA bolsters Business Development team
"MMA Insurance plc, the broker-only insurer, has announced that it is bolstering its Business Development Team with a number of key appointments.
The move comes as the firm continues its strategic drive to develop its Commercial Lines.
Claire Ephgrave becomes UK Business Development manager, responsible for MMA’s UK Development managers, an instrumental task in driving the firm’s [...]" (2008-12-12)
Read more...
The move comes as the firm continues its strategic drive to develop its Commercial Lines.
Claire Ephgrave becomes UK Business Development manager, responsible for MMA’s UK Development managers, an instrumental task in driving the firm’s [...]" (2008-12-12)
Marsh calls for food firms to reassess risks
"Insurance broker and risk adviser Marsh has called on food manufacturers and retailers to review their product recall strategies and supply chain risks.
The call comes in the wake of the Irish pork debacle, which has affected some 25 countries.
A survey held at a Marsh product risk seminar revealed that two-thirds of those surveyed had no [...]" (2008-12-12)
Read more...
The call comes in the wake of the Irish pork debacle, which has affected some 25 countries.
A survey held at a Marsh product risk seminar revealed that two-thirds of those surveyed had no [...]" (2008-12-12)
AIG asset sales must slow down
"Stricken US insurance giant AIG is to hold back from selling some of its assets, CEO Ed Liddy said at a speech in Hong Kong today.
AIG is currently selling off units to pay back a $150 billion bail-out by the US federal reserve.
In his speech today, Liddy said the US government has given AIG a [...]" (2008-12-12)
Read more...
AIG is currently selling off units to pay back a $150 billion bail-out by the US federal reserve.
In his speech today, Liddy said the US government has given AIG a [...]" (2008-12-12)
mercredi 10 décembre 2008
Egg fined £721,000 for mis-selling PPI
"Egg is the latest financial services company to be fined for mis-selling payment protection insurance (PPI).
The credit card provider sold the insurance via incoming customer services calls, or when its representatives made sales call to new customers.
In a review of cases covering the period January 2005 to December 2007, the Financial Services Authority (FSA) found [...]" (2008-12-10)
Read more...
The credit card provider sold the insurance via incoming customer services calls, or when its representatives made sales call to new customers.
In a review of cases covering the period January 2005 to December 2007, the Financial Services Authority (FSA) found [...]" (2008-12-10)
Chubb insurance helps firms stay green
"Chubb Group has pledged to help businesses stay green with a new move in its insurance policy approach.
Peter Thompson, worldwide energy manager for Chubb Commercial Insurance, has stated that businesses with commercial property insurance policy from the firm can enjoy having their green investments automatically protected even if there is a loss.
For the last 14 [...]" (2008-12-10)
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Peter Thompson, worldwide energy manager for Chubb Commercial Insurance, has stated that businesses with commercial property insurance policy from the firm can enjoy having their green investments automatically protected even if there is a loss.
For the last 14 [...]" (2008-12-10)
Marsh creates Scottish Public Sector Practice
"Insurance broker and risk adviser Marsh has announced that it is opening a Scottish Public Sector Practice.
The new practice will cater to the unique risk and insurance issues belonging to various public sector organisations.
The practice has a broad range of clients throughout Aberdeen, Edinburgh and Glasgow, including fire and police authorities, local authorities, social housing, [...]" (2008-12-10)
Read more...
The new practice will cater to the unique risk and insurance issues belonging to various public sector organisations.
The practice has a broad range of clients throughout Aberdeen, Edinburgh and Glasgow, including fire and police authorities, local authorities, social housing, [...]" (2008-12-10)
Ironshore appoints new CEO and president
"Ironshore’s chairman, Ron Sandler, has announced that Kevin Kelley has been appointed as chief executive officer of the firm, with Bob Deutsch assuming the role of president.
Kelley leaves behind his post as CEO of Lexington Insurance Company, where he built the organisation into the world’s largest excess and surplus lines insurer.
Deutsch, who was Ironshore’s founding [...]" (2008-12-10)
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Kelley leaves behind his post as CEO of Lexington Insurance Company, where he built the organisation into the world’s largest excess and surplus lines insurer.
Deutsch, who was Ironshore’s founding [...]" (2008-12-10)
AIG appoints Eastwood president of Lexington
"Peter Eastwood has been named by AIG to serve as the new president of Lexington Insurance Company, a unit of AIG Commercial Insurance.
He first joined AIG 17 years ago and has occupied a number of senior posts within AIG Executive Liability, AIG Risk Finance, AIG Reinsurance Advisors and Lexington Insurance Company.
Most recently he served as [...]" (2008-12-10)
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He first joined AIG 17 years ago and has occupied a number of senior posts within AIG Executive Liability, AIG Risk Finance, AIG Reinsurance Advisors and Lexington Insurance Company.
Most recently he served as [...]" (2008-12-10)
Product recall insurance unlikely to reimburse Irish pig farmers
"Lloyd’s insurance and reinsurance specialist, Miller, has warned that with regard to the health scare over pork produced in Ireland, insurance policies purchased to indemnify the costs of recalling consumer products may not pay out.
Kieron Russell, a member of the firm’s special risk team, explains that underwriters of product recall insurance typically include policy exclusions [...]" (2008-12-10)
Read more...
Kieron Russell, a member of the firm’s special risk team, explains that underwriters of product recall insurance typically include policy exclusions [...]" (2008-12-10)
mardi 9 décembre 2008
XL Re enters Brazil as local reinsurer
"XL Capital’s global reinsurance arm, XL Re, has received the green light from regulators to enter the Brazilian marketplace as a local reinsurer incorporated in Brazil and regulated by the country’s authorities.
This follows on from events in the middle of 2008, when XL Re acquired permission to enter the Brazilian market as an admitted reinsurer, [...]" (2008-12-9)
Read more...
This follows on from events in the middle of 2008, when XL Re acquired permission to enter the Brazilian market as an admitted reinsurer, [...]" (2008-12-9)
Rok opens Mansfield claims centre
"Rok, the building firm that specialises in repairs, has opened an insurance claims centre in Mansfield, East Midlands.
The company says the facility, which will handle around 70,000 claims a year, represents a key step forward in becoming the UK’s leading provider of claims management and building repair services.
Rok already has agreements with a [...]" (2008-12-9)
Read more...
The company says the facility, which will handle around 70,000 claims a year, represents a key step forward in becoming the UK’s leading provider of claims management and building repair services.
Rok already has agreements with a [...]" (2008-12-9)
Swinton eyes up Equity branch network
"Equity Insurance, put up for sale by the Insurance Australia Group (IAG), may have its branch network acquired by a British company.
Swinton, the UK’s biggest high street insurance broker, is one of the leading bidders in the contest to buy Equity’s branches, according to a report in the Financial Times.
Swinton’s chief executive, Patrick Smith, said [...]" (2008-12-9)
Read more...
Swinton, the UK’s biggest high street insurance broker, is one of the leading bidders in the contest to buy Equity’s branches, according to a report in the Financial Times.
Swinton’s chief executive, Patrick Smith, said [...]" (2008-12-9)
Reinsurance Reform Framework Moves Ahead
"After years of debate on reinsurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) meeting over the weekend brought adoption of a proposal that will reform and modernize the current system of reinsurance regulation. Among other things, the new framework would reduce collateral requirements for non-U.S. based reinsurers enabling well-capitalized highly [...]" (2008-12-9)
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Connected Travel Insurance new regulation only days away
"The Financial Services Authority (FSA) is warning travel firms that sell Connected Travel Insurance (CTI) that they should apply for authorisation before new regulation comes into force on 1st January 2009.
From next year, travel firms that sell insurance will have to be able to demonstrate that: they are fit and proper and appropriately resourced; staff [...]" (2008-12-9)
Read more...
From next year, travel firms that sell insurance will have to be able to demonstrate that: they are fit and proper and appropriately resourced; staff [...]" (2008-12-9)
UK named world’s second largest insurance market
"Research published today by International Financial Services London reveals that 2007 was the year in which the UK became the world’s second-biggest insurance market.
According to IFSL, which promotes the UK-based financial services industry throughout the world, Britain overtook Japan, having achieved 11% of global premium income, to sit behind world leader, the US.
The report attributes [...]" (2008-12-9)
Read more...
According to IFSL, which promotes the UK-based financial services industry throughout the world, Britain overtook Japan, having achieved 11% of global premium income, to sit behind world leader, the US.
The report attributes [...]" (2008-12-9)
lundi 8 décembre 2008
Kwik Fit Insurance expands into commercial lines
"Kwik Fit Insurance has teamed up with Moorhouse Brands to expand into commercial lines with own-brand SME products.
The new product range will be designed to meet the needs of SMEs, tradesmen and the construction industry.
The products will be developed for Kwik Fit Insurance by Moorhouse Brands, on an exclusive basis, and will be provided as [...]" (2008-12-8)
Read more...
The new product range will be designed to meet the needs of SMEs, tradesmen and the construction industry.
The products will be developed for Kwik Fit Insurance by Moorhouse Brands, on an exclusive basis, and will be provided as [...]" (2008-12-8)
Aon and Allianz launch insolvency protection policy
"Aon Risk Services has joined forces with Allianz Global Corporate and Speciality to launch Double A Protect.
The new product is aimed at restoring confidence in insurance portfolio stability by protecting against insolvency.
The policy covers general liability, plus directors and officers and includes up to five years of retroactive cover for general liability.
The solution is not [...]" (2008-12-8)
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The new product is aimed at restoring confidence in insurance portfolio stability by protecting against insolvency.
The policy covers general liability, plus directors and officers and includes up to five years of retroactive cover for general liability.
The solution is not [...]" (2008-12-8)
Quinn opens Cork office
"Ireland-based Quinn Insurance has revealed plans to open a new call-centre in Cork, creating 500 jobs in the city over the next four years.
Ireland’s deputy prime minister Mary Coughlan announced the new €25 million facility, to be built in East Gate Business Park, Little Island.
Employees at the new base will target growth in the UK [...]" (2008-12-8)
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Ireland’s deputy prime minister Mary Coughlan announced the new €25 million facility, to be built in East Gate Business Park, Little Island.
Employees at the new base will target growth in the UK [...]" (2008-12-8)
Heath Lambert appointed by Scottish Optoelectronics Association
"The Scottish Optoelectronics Association (SOA) has named Heath Lambert’s Commercial Affinity and Small Business (CA&SB) team as the firm’s sole insurance broker to offer its membership insurance products.
The SOA’s membership consists of Scottish optoelectronics firms, a sector which is rapidly developing.
The Travelers Insurance Company has been selected by the CA&SB team to be its partner [...]" (2008-12-8)
Read more...
The SOA’s membership consists of Scottish optoelectronics firms, a sector which is rapidly developing.
The Travelers Insurance Company has been selected by the CA&SB team to be its partner [...]" (2008-12-8)
EU aims to promote construction innovation and sustainability
"The European Commission has its eye on encouraging sustainability and innovative methods in the construction industry, and has recently launched a study to this effect.
The study will assess the national liability and insurance systems that pertain to the construction industry in each of the twenty-seven member nations.
In addition to this, the effect that present regimes [...]" (2008-12-8)
Read more...
The study will assess the national liability and insurance systems that pertain to the construction industry in each of the twenty-seven member nations.
In addition to this, the effect that present regimes [...]" (2008-12-8)
Aon Private Clients benefits from Lorega loss recovery
"Aon Private Clients (APC), the specialist broker that insures high value cars, homes and artworks, has integrated Lorega’s Loss Recovery insurance within its policy wordings, following negotiations with its six main insurers.
The move means that APC policyholders will be provided with the services of an advocate who will prepare and negotiate their claim, in [...]" (2008-12-8)
Read more...
The move means that APC policyholders will be provided with the services of an advocate who will prepare and negotiate their claim, in [...]" (2008-12-8)
Rate Reductions Hold
"The single digit property/casualty rate decreases witnessed in October have held into November according to online insurance exchange MarketScout. It put the average p/c rate decrease at 9 percent in November, and noted a trend toward greater reductions for larger insureds. Accounts generating premium in excess of $250,000 received an average rate reduction of 10 [...]" (2008-12-8)
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samedi 6 décembre 2008
Guy Carpenter scoops award in Asia
"Global risk and reinsurance specialist Guy Carpenter has won the Reinsurance Broker of the Year award at the Asia Insurance Industry Awards.
The award was presented in The Grand Hyatt in Hong Kong on 23rd November.
Peter Zaffino, president and chief executive officer of Guy Carpenter, has described the award as a gratifying acknowledgement of the firm’s [...]" (2008-12-6)
Read more...
The award was presented in The Grand Hyatt in Hong Kong on 23rd November.
Peter Zaffino, president and chief executive officer of Guy Carpenter, has described the award as a gratifying acknowledgement of the firm’s [...]" (2008-12-6)
vendredi 5 décembre 2008
Treasury Considers Backing Mortgages
"The federal government may start guaranteeing home mortgages to persuade lenders to ease the monthly financial burden on struggling homeowners, Federal Deposit Insurance Corp. Chairman Sheila C. Bair said yesterday.
" (2008-10-24)
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" (2008-10-24)
Travellers advises to take out car hire insurance
"With the holidays of Christmas and New Year almost upon us, it is important for those pondering even brief trips abroad to remember to take out car hire excess insurance and travel insurance.
Many people rent cars whilst overseas, and although most remember travel insurance it’s vital that car hire excess insurance is not disregarded, advises [...]" (2008-12-5)
Read more...
Many people rent cars whilst overseas, and although most remember travel insurance it’s vital that car hire excess insurance is not disregarded, advises [...]" (2008-12-5)
Giles acquires Durham-based Arnott Commercial
"Giles Insurance Brokers has announced the acquisition of Arnott Commercial Insurance Services and its subsidiary, Arnott Marine.
Durham-based Arnott was established in 1996 and its marine division began trading in 2005.
The firm established itself in the North East by providing risk solutions to the commercial market and recorded revenue of £1.9 million in 2007.
The business [...]" (2008-12-5)
Read more...
Durham-based Arnott was established in 1996 and its marine division began trading in 2005.
The firm established itself in the North East by providing risk solutions to the commercial market and recorded revenue of £1.9 million in 2007.
The business [...]" (2008-12-5)
jeudi 4 décembre 2008
Aon launches pirate policy
"Aon has launched a new insurance policy to protect charterers, shipowners and cargo owners from losses ensuing from a ship being taken over by pirates.
The media have recently taken notice of the increasingly dangerous piracy, particularly off the Horn of Africa where Somalian pirates seize upon ships of ever greater size.
In the first 8 months [...]" (2008-12-4)
Read more...
The media have recently taken notice of the increasingly dangerous piracy, particularly off the Horn of Africa where Somalian pirates seize upon ships of ever greater size.
In the first 8 months [...]" (2008-12-4)
New York Charitable Dinner
"The second annual dinner of the New York division of the Insurance Industry Charitable Foundation (IICF) will take place at the Waldorf-Astoria Hotel in New York City next Wednesday December 10. The event will feature special guest Colin Powell, the retired General and U.S. Secretary of State from 2001 to 2005. It will honor Pierre [...]" (2008-12-4)
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Insurance recruiter issues profit warning
"UK-based Michael Page International, a recruitment firm for the insurance and financial services sector, has issued a profit warning for the fourth quarter.
The recruitment specialist said job cuts in the financial sector had been more severe than expected because of the recent global economic turmoil.
As such, the company’s services are in low demand in almost [...]" (2008-12-4)
Read more...
The recruitment specialist said job cuts in the financial sector had been more severe than expected because of the recent global economic turmoil.
As such, the company’s services are in low demand in almost [...]" (2008-12-4)
How Bankruptcy Affects Car Insurance Rates
"Because of the economy, more people are filing for bankruptcy than ever before. A bankruptcy may increase their car insurance rates, but should it?" (2008-12-3)
Read more...
mercredi 3 décembre 2008
Oceanic Insurance Group sees profits up by 2,351%
"Nigerian firm Oceanic Insurance Group has reported its profits to have skyrocketed by 2,351% for its general insurance business.
Previously, the firm recorded profits of N25.9m, which have since ballooned to N635.3m.
Its gross premium likewise surged upwards, from N196.3m to N1.27bn, a rise of over 500%, and total assets increased from N3bn to N4.4bn.
Mrs. Cecilia Ibru, [...]" (2008-12-3)
Read more...
Previously, the firm recorded profits of N25.9m, which have since ballooned to N635.3m.
Its gross premium likewise surged upwards, from N196.3m to N1.27bn, a rise of over 500%, and total assets increased from N3bn to N4.4bn.
Mrs. Cecilia Ibru, [...]" (2008-12-3)
Hiscox closes Bermuda office but expands in the US
"Specialist insurer, Hiscox, it closing its Bermuda office in favour of pursuing an expansion strategy in the US.
The Lloyd’s of London firm opened the office last year, saying it wanted to be nearer the reinsurance markets of America.
It now has plans to open five new offices in the US, where it will be setting up [...]" (2008-12-3)
Read more...
The Lloyd’s of London firm opened the office last year, saying it wanted to be nearer the reinsurance markets of America.
It now has plans to open five new offices in the US, where it will be setting up [...]" (2008-12-3)
mardi 2 décembre 2008
Nationwide expands insurance offering with LV=
"Friendly society, Liverpool Victoria, is providing a new range of insurance products to Nationwide customers, under its LV= brand.
Members of the UK’s biggest building society are now able to arrange car, small business and buy-to-let and property owners’ insurance, through the joint venture.
Nationwide believes the partnership, which was formed in June of this year, will [...]" (2008-12-2)
Read more...
Members of the UK’s biggest building society are now able to arrange car, small business and buy-to-let and property owners’ insurance, through the joint venture.
Nationwide believes the partnership, which was formed in June of this year, will [...]" (2008-12-2)
Taylor Wessing acts for Howden Insurance
"Acting on behalf of Howden Insurance Brokers Limited, Taylor Wessing’s insurance group has operated in connection with the move of Benfield Corporate Risk’s US Wholesale Property Casualty unit over to Howden.
The high profile action occurred just as Aon was about to seal the £844m deal to acquire Benfield Group.
Peter Kempe led the Taylor Wessing advisory [...]" (2008-12-2)
Read more...
The high profile action occurred just as Aon was about to seal the £844m deal to acquire Benfield Group.
Peter Kempe led the Taylor Wessing advisory [...]" (2008-12-2)
Marsh survey shows recession also means opportunity
"A survey commissioned by insurance broker and risk adviser Marsh reveals that UK firms think the present economic difficulties will present opportunities to enhance efficiency, acquire other firms at cheap prices and strengthen their brand leadership.
The survey, which was conducted in Marsh seminars in Edinburgh, Glasgow, London, Manchester and Milton Keynes, showed that two out [...]" (2008-12-2)
Read more...
The survey, which was conducted in Marsh seminars in Edinburgh, Glasgow, London, Manchester and Milton Keynes, showed that two out [...]" (2008-12-2)
Glacier appoint head of Group Risk Management
"Insurer and reinsurer Glacier Group has announced the appointment of Andreas Zdrenyk as the firm’s new head of Group Risk Management.
He brings with him over a quarter of a century of experience in the insurance sector in both Europe and North America.
He leaves behind his former post as chief operating officer of SCOR Holdings (Switzerland) [...]" (2008-12-2)
Read more...
He brings with him over a quarter of a century of experience in the insurance sector in both Europe and North America.
He leaves behind his former post as chief operating officer of SCOR Holdings (Switzerland) [...]" (2008-12-2)
Focus on NFIP Rate-Setting Process
"A new Government Accountability Office (GAO) report suggests that the rate-setting method used by the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program (NFIP) may not ensure that the rates accurately reflect the actual risk of flood damage. GAO says the NFIP model includes data inputs that are outdated or inaccurate, relying on flood probabilities [...]" (2008-12-2)
Read more...
Heath Lambert launches Renewable Energy team
"Heath Lambert, the London-based independent insurance broker and employee benefits consultant, has expanded its Retail National division with the formation of a Renewable Energy team.
The firm has a broad base in the renewable energy sector with clients including developers, sponsors, suppliers, contractors, operators and financiers.
The sector is expanding rapidly and Heath Lambert believes its expertise [...]" (2008-12-2)
Read more...
The firm has a broad base in the renewable energy sector with clients including developers, sponsors, suppliers, contractors, operators and financiers.
The sector is expanding rapidly and Heath Lambert believes its expertise [...]" (2008-12-2)
Munich Re predicts strong 2009 for insurers
"Germany-based Munich Re, one of the world’s biggest reinsurers, has said that 2009 will be a good year for insurance companies.
Munich Re’s chairman, Nikolaus von Bomhard, anticipates lower operating ratios and higher premiums for the year ahead.
On average von Bomhard predicts that combined ratios will improve by 2-3%.
He added that the global recession ‘doesn’t have [...]" (2008-12-2)
Read more...
Munich Re’s chairman, Nikolaus von Bomhard, anticipates lower operating ratios and higher premiums for the year ahead.
On average von Bomhard predicts that combined ratios will improve by 2-3%.
He added that the global recession ‘doesn’t have [...]" (2008-12-2)
Amlin withdraws all credit insurance cover
"Amlin has withdrawn its services from the credit insurance market because it has struggled to find reinsurance cover.
The insurer, which owns about 4% of the UK’s credit insurance market, has said it will not be writing any new policies for businesses who supply goods or services to other businesses on credit.
Credit insurance covers businesses against [...]" (2008-12-2)
Read more...
The insurer, which owns about 4% of the UK’s credit insurance market, has said it will not be writing any new policies for businesses who supply goods or services to other businesses on credit.
Credit insurance covers businesses against [...]" (2008-12-2)
Motor insurance fraudsters receive custodial sentences
"Criminals who submitted claims to multiple insurers via an accident management company received custodial sentences at Bradford Crown Court, yesterday.
Following an investigation by the Insurance Fraud Bureau (IFB) and West Yorkshire Police, the proprietor of Yorkshire-based Autotransform Claims, a partner in the business, an engineer and two claimants have begun prison sentences totalling seven years [...]" (2008-12-2)
Read more...
Following an investigation by the Insurance Fraud Bureau (IFB) and West Yorkshire Police, the proprietor of Yorkshire-based Autotransform Claims, a partner in the business, an engineer and two claimants have begun prison sentences totalling seven years [...]" (2008-12-2)
lundi 1 décembre 2008
Pacifica and Sicli form fire prevention partnership
"Crédit Agricole Assurances’ property and casualty insurance arm Pacifica has teamed up with Sicli, fire detection and extinction solutions provider, to cater to the fire-related risk needs of insured professionals.
Under the partnership Sicli’s broad range of solutions will become fully available to farmers, craftsmen, retailers and independent professionals insured with Pacifica.
These include an on-site diagnosis [...]" (2008-12-1)
Read more...
Under the partnership Sicli’s broad range of solutions will become fully available to farmers, craftsmen, retailers and independent professionals insured with Pacifica.
These include an on-site diagnosis [...]" (2008-12-1)
LIU builds energy team in France
"Didier Robin has been named by Liberty Mutual Insurance Europe Limited (LMIE) as the new Energy & Construction VP.
LMIE is part of Liberty International Underwriters (LIU), and Robin’s appointment makes him the firm’s first energy underwriter for its Continental Europe business.
Robin is to be based in France, and will be responsible for the building up [...]" (2008-12-1)
Read more...
LMIE is part of Liberty International Underwriters (LIU), and Robin’s appointment makes him the firm’s first energy underwriter for its Continental Europe business.
Robin is to be based in France, and will be responsible for the building up [...]" (2008-12-1)
OurNetwork reaches 100 members inside 3 months
"In August broker-owned insurance management firm Broker Direct launched OurNetwork, which has already achieved its 100th member.
The joining of Eric Rawlins & Co (a Stoke-based broker) means that in just three months OurNetwork has assembled a century of members.
Eric Rawlins’ MD, Phil Alcock, has stated that the firm is fiercely independent, and had previously [...]" (2008-12-1)
Read more...
The joining of Eric Rawlins & Co (a Stoke-based broker) means that in just three months OurNetwork has assembled a century of members.
Eric Rawlins’ MD, Phil Alcock, has stated that the firm is fiercely independent, and had previously [...]" (2008-12-1)
Heath Lambert expands HNW team
"The High Net Worth (HNW) team of insurance broker Heath Lambert is to be enlarged as a series of appointments take place.
The first of these is Fiona Powell, who will be based in the Manchester office but will nevertheless collaborate closely with her colleagues throughout the UK.
Powell brings to the role a combination of local [...]" (2008-12-1)
Read more...
The first of these is Fiona Powell, who will be based in the Manchester office but will nevertheless collaborate closely with her colleagues throughout the UK.
Powell brings to the role a combination of local [...]" (2008-12-1)
LV= considers sale of Hero
"Following its acquisition of Highway Insurance in October, friendly society LV= has confirmed that it has received an approach from investors interested in buying Hero, the direct insurance subsidiary of Highway.
LV= is considering its options with regard to Hero, saying that when it acquired Highway the intention was to keep the business whole, as an [...]" (2008-12-1)
Read more...
LV= is considering its options with regard to Hero, saying that when it acquired Highway the intention was to keep the business whole, as an [...]" (2008-12-1)
Piracy Information
"We’ve observed increasing interest in the insurance implications of maritime piracy given the recent surge in incidents in the Gulf of Aden and off the coast of Somalia. Last month Somali pirates seized a Saudi oil tanker, the Sirius Star, carrying oil reportedly worth more than $100 million to the U.S. Negotiations continue for the [...]" (2008-12-1)
Read more...
Aviva sells off RAC Auto Windscreens
"Insurance giant Aviva has announced the sale of its RAC Auto Windscreens unit to Germany-based Arques Industries AG for an undisclosed sum.
Aviva said it is selling the business as part of a streamlining strategy to increase focus on core operations.
RAC Auto Windscreens is an auto glass repair and replace subsidiary of roadside rescue firm RAC, [...]" (2008-12-1)
Read more...
Aviva said it is selling the business as part of a streamlining strategy to increase focus on core operations.
RAC Auto Windscreens is an auto glass repair and replace subsidiary of roadside rescue firm RAC, [...]" (2008-12-1)
Equity Red Star opens northern office
"Equity Red Star, one of Lloyd’s biggest underwriting syndicates, has opened a new office in Leeds city centre, adding to its regional offices in Birmingham and Glasgow.
The company hopes that moving into the region will enable it to work more closely with insurance brokers based in the north of England.
This will allow Equity Red Star [...]" (2008-12-1)
Read more...
The company hopes that moving into the region will enable it to work more closely with insurance brokers based in the north of England.
This will allow Equity Red Star [...]" (2008-12-1)
dimanche 30 novembre 2008
Aon to cut 700 jobs in merger with Benfield
"Having completed its acquisition of the UK-based Benfield Group Ltd, Aon Corporation has announced plans to reduce its global headcount by 700, as the businesses integrate.
Benfield is the world’s third-largest reinsurance broker and Aon, the world’s largest insurance broker.
Benfield will merge with Aon’s existing reinsurance operations, to form Aon Benfield.
The transaction will extend Aon’s presence [...]" (2008-11-30)
Read more...
Benfield is the world’s third-largest reinsurance broker and Aon, the world’s largest insurance broker.
Benfield will merge with Aon’s existing reinsurance operations, to form Aon Benfield.
The transaction will extend Aon’s presence [...]" (2008-11-30)
See if lender will let you pay insurance, taxes
"Q: Why does one have to pay monthly insurance payments in escrow to the lender? Also, after having paid this payment in escrow for five to six years, why can't this be canceled? A: First, let me express my view. I dislike the concept that homeowners have to...
" (2008-11-30)
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" (2008-11-30)
vendredi 28 novembre 2008
Resources in Insurance Group launch 2 new initiatives
"The Board of Resources in Insurance Group has announced a pair of new initiatives.
The first of these is a new division, named Verify. This division is a claims investigation solution which has been created to offer factual reporting on losses less than £10,000 in cases where a comprehensive start to finish enquiry is not necessary.
Verify [...]" (2008-11-28)
Read more...
The first of these is a new division, named Verify. This division is a claims investigation solution which has been created to offer factual reporting on losses less than £10,000 in cases where a comprehensive start to finish enquiry is not necessary.
Verify [...]" (2008-11-28)
French state offers credit insurance to SMEs
"The French government has unveiled plans to offer credit insurance to small and medium sized businesses (SMEs) in the country.
As global markets enter recession, insurers are becoming increasingly wary of offering credit insurance, which covers companies against non-paying customers or if they enter administration.
A number of European insurers have started pulling cover from companies, increasing [...]" (2008-11-28)
Read more...
As global markets enter recession, insurers are becoming increasingly wary of offering credit insurance, which covers companies against non-paying customers or if they enter administration.
A number of European insurers have started pulling cover from companies, increasing [...]" (2008-11-28)
jeudi 27 novembre 2008
Fightback against motor insurance fraud continues
"Law firm Dolmans has issued a stark warning that motor insurance fraud has soared by some 70% over the course of the last three years.
The cost averages out to around £5m per week, but there is good news with Dolmans stating that there are some positive indications that the increased criminality is being tackled.
The rise [...]" (2008-11-27)
Read more...
The cost averages out to around £5m per week, but there is good news with Dolmans stating that there are some positive indications that the increased criminality is being tackled.
The rise [...]" (2008-11-27)
Moorhouse makes operational efficiency appointment
"Commercial broker Moorhouse has announced the appointment of Joe Sultana to the board in the capacity of operations director.
Before joining the organisation he was a founding partner with A.J.O. Insurance Services, where he worked for 12 years (six of which after selling to Morgan Financial Group).
Sultana will be tasked with driving forward efficiency and effectiveness [...]" (2008-11-27)
Read more...
Before joining the organisation he was a founding partner with A.J.O. Insurance Services, where he worked for 12 years (six of which after selling to Morgan Financial Group).
Sultana will be tasked with driving forward efficiency and effectiveness [...]" (2008-11-27)
Barack Obama's BlackBerry: Subject: health care
"Another e-mail from the president-elect’s inbox“YOU finessed health care brilliantly during the campaign. You ran rings round Hillary on individual mandates, arguing it is unreasonable to require people to buy health insurance when its cost is unknown. You then made mincemeat out of John McCain’s proposal to end the favourable tax treatment of employer-provided health insurance, insisting this would cost most people thousands of dollars. Yet somehow you convinced voters you would expand coverage and tackle costs without resorting to radical plans. But now the campaign’s over and it’s time to get real. The good news is that you can still make health a top issue next year, despite the financial mess. The bad news is that to make any headway, you’ll have to be ready to do a few U-turns. ..." (2008-11-27)
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Marsh recommends BCM during recession
"Insurance broker and risk adviser Marsh has stated that business continuity management (BCM) can prove helpful for businesses trying to negotiate their way through the current economic difficulties.
Firms (particularly those in manufacturing and retail) can benefit from conducting a business impact analysis which can yield a more comprehensive appreciation of the situation and thereby deliver [...]" (2008-11-27)
Read more...
Firms (particularly those in manufacturing and retail) can benefit from conducting a business impact analysis which can yield a more comprehensive appreciation of the situation and thereby deliver [...]" (2008-11-27)
QBE sees rich pickings in financial turmoil
"QBE Insurance Group Ltd, Australia’s biggest insurer by premium income, has announced the acquisition of ZC Sterling Corp, a US-based underwriting agency, for $575 million.
QBE also said that it plans to acquire three other underwriting agencies, including two in the US and one in Europe.
Capital to fund the acquisitions - and to shore up the [...]" (2008-11-27)
Read more...
QBE also said that it plans to acquire three other underwriting agencies, including two in the US and one in Europe.
Capital to fund the acquisitions - and to shore up the [...]" (2008-11-27)
Nearly half of Britons go without protection insurance
"Barclays has been researching the UK protection insurance market and has concluded that nearly one-half of British adults have no policies in place to cover events such as illness and redundancy.
According to the survey 47% of UK adults have no protection insurance, while 52% are without life insurance.
Seventy-five per cent of those questioned said [...]" (2008-11-27)
Read more...
According to the survey 47% of UK adults have no protection insurance, while 52% are without life insurance.
Seventy-five per cent of those questioned said [...]" (2008-11-27)
mercredi 26 novembre 2008
Munich Re plan Asian expansion through AIG
"Germany-based Munich Re, the world’s largest reinsurer, has expressed interest in buying the Asian life insurance operations of crippled US insurance giant American International Group (AIG).
Munich Re revealed yesterday that it is seeking to enter new markets in Asia, and admitted that acquiring AIG’s Asian operations would be an effective way of achieving this goal.
AIG [...]" (2008-11-26)
Read more...
Munich Re revealed yesterday that it is seeking to enter new markets in Asia, and admitted that acquiring AIG’s Asian operations would be an effective way of achieving this goal.
AIG [...]" (2008-11-26)
Central Insurance acquires performance car specialist
"Aberdeen-based Central Insurance Services has acquired Peart Insurance Brokers, a specialist in insuring high performance cars.
Peart and its trading arm, Performance Marque, is based in Kendal, where 12 members of staff are employed servicing around 7,000 policyholders.
Customers include over 25-year-olds in possession of Porsches, Aston Martins, Lamborghinis, Ferraris and Maseratis.
On completion of the transaction, the [...]" (2008-11-26)
Read more...
Peart and its trading arm, Performance Marque, is based in Kendal, where 12 members of staff are employed servicing around 7,000 policyholders.
Customers include over 25-year-olds in possession of Porsches, Aston Martins, Lamborghinis, Ferraris and Maseratis.
On completion of the transaction, the [...]" (2008-11-26)
Homeserve warns of falling profit
"Homeserve has warned that operating profit for 2008 could be down by between £2 million and £3 million.
The company, which specialises in emergency cover and repairs for homeowners, says it has 6.66 million policies in force but is mindful that the recession could lead to cancellations, despite the value of insurance cover for domestic essentials [...]" (2008-11-26)
Read more...
The company, which specialises in emergency cover and repairs for homeowners, says it has 6.66 million policies in force but is mindful that the recession could lead to cancellations, despite the value of insurance cover for domestic essentials [...]" (2008-11-26)
mardi 25 novembre 2008
I Do a Lot of Driving for Work. Do I Need Extra Insurance for the Business Equipment I Keep in My Car?
"That equipment you're carrying may already be protected, depending on your employer's business insurance coverage—or, if you're self-employed, by your auto, renters, or home insurance policy." (2008-11-21)
Read more...
Is There a Difference in Your Car Insurance Premium if You're Married or Single?
"Getting married sometimes makes a difference in a person's insurance rates, but not always. It depends on several factors, like what state you live in and how old you are." (2008-11-21)
Read more...
Will My Homeowners Insurance Go Up if I Have a Claim?
"If you're concerned about your home insurance rates changing in the future, Allstate can help." (2008-11-21)
Read more...
Paulson Won't Rule Out TARP for Insurers
"The Treasury Secretary is considering TARP funding for insurance companies, relief that could lead to greater federal regulatory control for those companies that qualify.
" (2008-11-25)
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" (2008-11-25)
CCV expands into Scotland with Moray Firth acquisition
"Cullum Capital Ventures (CCV) has made its first acquisition in Scotland.
The consolidator has expanded into the region with the purchase of Moray Firth Insurance Brokers, which has offices in Inverness and Elgin.
Moray Firth has developed a strong presence in local business sectors and boasts GWP of £3.5 million.
The transaction will increase CCV’s total GWP to [...]" (2008-11-25)
Read more...
The consolidator has expanded into the region with the purchase of Moray Firth Insurance Brokers, which has offices in Inverness and Elgin.
Moray Firth has developed a strong presence in local business sectors and boasts GWP of £3.5 million.
The transaction will increase CCV’s total GWP to [...]" (2008-11-25)
Munich Re reports rise in reinsurance demand
"Munich Re is expecting the financial crisis to increase demand for reinsurance, as lower investment returns put pressure on primary insurers’ capital positions.
With capital strength challenged by market volatility, the industry is finding it increasingly difficult to support high risk exposure and the group has reported a swift increase in demand for reinsurance, as primary [...]" (2008-11-25)
Read more...
With capital strength challenged by market volatility, the industry is finding it increasingly difficult to support high risk exposure and the group has reported a swift increase in demand for reinsurance, as primary [...]" (2008-11-25)
ABI: Credit insurance claims up 59%
"The Association of British Insurers (ABI) has reported a 59% increase in trade credit insurance claims during the third quarter.
Trade credit insurance protects businesses when customers fail to pay or enter administration.
Claims against trade insurance policies hit £97 million from 6,805 claims in the third quarter of this year. This is compared to £61.4 million [...]" (2008-11-25)
Read more...
Trade credit insurance protects businesses when customers fail to pay or enter administration.
Claims against trade insurance policies hit £97 million from 6,805 claims in the third quarter of this year. This is compared to £61.4 million [...]" (2008-11-25)
April Group sets up Malta-based subsidiary
"France-based insurer April Group has announced the launch of a new reinsurance business in Malta, Axeria Re Limited.
Axeria Re is a fully owned subsidiary of April Group and is licensed in Malta by the Malta Financial Services Authority (MFSA).
April Group, based in Lyon, France, has a turnover in excess of €600 million, and has 2,500 [...]" (2008-11-25)
Read more...
Axeria Re is a fully owned subsidiary of April Group and is licensed in Malta by the Malta Financial Services Authority (MFSA).
April Group, based in Lyon, France, has a turnover in excess of €600 million, and has 2,500 [...]" (2008-11-25)
Tysers launches new website
"International insurance broker Tysers has announced the launch of its new website at www.tysers.com which is to form the cornerstone of its marketing approach.
Chief operating officer Quintin Heaney explained that the firm was always looking for ways to improve communication with its business partners, including underwriters and clients.
The new website is to be a central [...]" (2008-11-25)
Read more...
Chief operating officer Quintin Heaney explained that the firm was always looking for ways to improve communication with its business partners, including underwriters and clients.
The new website is to be a central [...]" (2008-11-25)
Downturn provides possibility of extra legal expenses sales
"The increase in employment and legal disputes has led ABC Insurance to advise brokers to be sure they are ready to take advantage of the extra SME legal expenses over the winter season.
There is an opportunity to increase sales of legal expenses coverage afforded by the current turbulent economic conditions, as firms seek to ensure [...]" (2008-11-25)
Read more...
There is an opportunity to increase sales of legal expenses coverage afforded by the current turbulent economic conditions, as firms seek to ensure [...]" (2008-11-25)
Zurich completes NASTA acquisition
"Zurich Financial Services Group has completed its acquisition of Russia-based OOO NASTA Insurance Company.
Zurich, based in Switzerland, purchased a 66% stake in NASTA in February 2007, and agreed to purchase the rest of the company by 2010.
The remaining 34% of NASTA has now been purchased by Zurich for $205 million (£137 million), and has been [...]" (2008-11-24)
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Zurich, based in Switzerland, purchased a 66% stake in NASTA in February 2007, and agreed to purchase the rest of the company by 2010.
The remaining 34% of NASTA has now been purchased by Zurich for $205 million (£137 million), and has been [...]" (2008-11-24)
Chinese investors seek AIG investment bargain
"American Life Insurance Co (Alico), an international life insurance branch of American International Group (AIG), may be acquired in part by a group of China-based investors.
AIG is currently on an asset selling spree to raise funds to pay off a $152 billion bailout loan from the US Federal Reserve.
However, AIG wants to keep boardroom control [...]" (2008-11-24)
Read more...
AIG is currently on an asset selling spree to raise funds to pay off a $152 billion bailout loan from the US Federal Reserve.
However, AIG wants to keep boardroom control [...]" (2008-11-24)
lundi 24 novembre 2008
Know Your Insurer, Save Money
"Mario Vitale, CEO of Zurich's North American Corporate division, explains how to save on insurance costs and make sure your insurer is financially sound.
" (2008-11-11)
Read more...
" (2008-11-11)
dimanche 23 novembre 2008
LV= offers ABC/Highway brokers dual agency agreements
"LV= has written to hundreds of brokers engaged in work with ABC or Highway to offer them dual agency agreements.
The letter writing initiative comes after LV= acquired Highway Insurance and is intended to enhance value for brokers.
The acquisition was part of the insurer’s strategic drive to enter the top five in the UK by [...]" (2008-11-23)
Read more...
The letter writing initiative comes after LV= acquired Highway Insurance and is intended to enhance value for brokers.
The acquisition was part of the insurer’s strategic drive to enter the top five in the UK by [...]" (2008-11-23)
vendredi 21 novembre 2008
Credit Crisis and Insurance Resource
"If you’re looking for more information on the credit crisis and its impact on insurance, look no further than a new dedicated section on the Geneva Association Web site. The online section includes articles, papers and background materials from a variety of sources including insurers, trade associations and other partners. Geneva Association contributions include 10 [...]" (2008-11-21)
Read more...
jeudi 20 novembre 2008
FTSE falls as investors fearful of insurance companies
"The stock market has been volatile of late due to fears of a global recession, however, today, the FTSE 100 has fallen today with well-known insurers suffering heavy falls.
The latest stock market fall slump has renewed fears about the solvency ratios of the big insurance companies, as they may be forced to sell stock into [...]" (2008-11-20)
Read more...
The latest stock market fall slump has renewed fears about the solvency ratios of the big insurance companies, as they may be forced to sell stock into [...]" (2008-11-20)
mercredi 19 novembre 2008
What the Fed? Buy Bank, Get Bonus
"Debra Borchardt figures if insurance companies can buy banks to get federal relief, why can't bonus-hungry executives?
" (2008-11-19)
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" (2008-11-19)
mardi 18 novembre 2008
Life Insurers Seek Money in the Banks
"Life insurance companies are snapping up small savings and loans in a bid to make themselves eligible for big government bailout dollars, but the effort is fraught with complications.
" (2008-11-18)
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" (2008-11-18)
Cramer: �Buying Banks for Insurance
"Jim Cramer sees the positive in insurance companies buying banks to access TARP funds.
" (2008-11-18)
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" (2008-11-18)
lundi 17 novembre 2008
Southern California Wildfires
"As three major wildfires (known as the Triangle Complex fire, the Sayre fire and the Tea fire) continue to burn in Southern California, homeowners and businesses that need evacuation preparation or claims filing tips should check out information from the Insurance Information Network of California. I.I.I. research shows that most of the large fires with [...]" (2008-11-17)
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Acumus to appoint swathe of brand names to AR status
"Acumus Insurance Solutions is collaborating with a swathe of travel companies in a bid to meet the new regulations introduced by the Financial Services Authority (FSA) before the 15 November deadline.
Acumus, which specialises in travel insurance, is working with a number of well-known brands such as P&O Ferries, Jet2.com, Confetti, Debenhams Travel, Butlins, Haven Holiday [...]" (2008-11-17)
Read more...
Acumus, which specialises in travel insurance, is working with a number of well-known brands such as P&O Ferries, Jet2.com, Confetti, Debenhams Travel, Butlins, Haven Holiday [...]" (2008-11-17)
JLT calls for the Industry to focus on Information and Strategic Relationships
"Following on from the involvement of Jardine Lloyd Thompson (JLT) in the Market Outlook Seminar organised by the Association of Insurance and Risk Managers (AIRMIC) in partnership with insurer AXA Corporate Solutions, JLT calls for a greater focus on information and strategic relationships within the insurance and risk industry, particularly in the current challenging economic [...]" (2008-11-17)
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vendredi 14 novembre 2008
QuestGates announces raft of appointments
"QuestGates has announced a range of personnel changes, in accordance with its drive to promote growth.
Environmental Division chief Alan Dobson has been appointed a director on the main board, with associate directorships going to former Motor Division managers Gary Woodhall and Steve Thompson.
Kathie Hinsley leaves behind RBS Insurance to join the Liability Division as service [...]" (2008-11-14)
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Environmental Division chief Alan Dobson has been appointed a director on the main board, with associate directorships going to former Motor Division managers Gary Woodhall and Steve Thompson.
Kathie Hinsley leaves behind RBS Insurance to join the Liability Division as service [...]" (2008-11-14)
Beazley appoints new group finance director
"Beazley Group plc has announced that Martin Bride has been appointed as the firm’s new group finance director.
He leaves behind Zurich Financial Services, where he worked as chief financial officer of the UK Life business.
Bride brings with him extensive experience of the insurance industry, having also held the post of chief financial officer with Aviva [...]" (2008-11-14)
Read more...
He leaves behind Zurich Financial Services, where he worked as chief financial officer of the UK Life business.
Bride brings with him extensive experience of the insurance industry, having also held the post of chief financial officer with Aviva [...]" (2008-11-14)
FSA notes significant improvements in aggregator sites
"The Financial Services Authority (FSA) has completed the second stage of its review of insurance comparison websites, in which it found that many sites have made significant improvements.
Following on from an initial review in May of this year, the regulator said that the 17 sites involved in its study were are consistently providing clear, fair [...]" (2008-11-14)
Read more...
Following on from an initial review in May of this year, the regulator said that the 17 sites involved in its study were are consistently providing clear, fair [...]" (2008-11-14)
I Only Drive a Few Months Each Year. Can I Get Auto Insurance Just for Those Months?
"There are a couple of factors at work when it comes to this auto insurance question." (2008-11-14)
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I'm Buying a Home and Can't Afford to Pay a Full Year of Homeowner's Insurance. What are My Payment Options?
"You're definitely not the only one! Talk to your mortgage lender about using an escrow account for your home insurance." (2008-11-14)
Read more...
Chubb selects Korean-American Agency in diversity drive
"The Chubb Group of Insurance Companies has given Solomon Agency Corp. a personal insurance agency appointment to help enhance service provision for the Korean-American community in New York’s metropolitan area.
Over 2 million Koreans were living in the US five years ago (according to South Korean statistics), with US figures showing that Koreans average a higher [...]" (2008-11-14)
Read more...
Over 2 million Koreans were living in the US five years ago (according to South Korean statistics), with US figures showing that Koreans average a higher [...]" (2008-11-14)
jeudi 13 novembre 2008
Competition Commission gets tough on PPI sales
"The Competition Commission is proposing a ban on the sale of Payment Protection Insurance (PPI) within 14 days of the sale of an associated loan or credit card facility.
The Commission has been investigating the sale of the insurance amid claims by consumer groups and others that it is often expensive and has been habitually mis-sold, [...]" (2008-11-13)
Read more...
The Commission has been investigating the sale of the insurance amid claims by consumer groups and others that it is often expensive and has been habitually mis-sold, [...]" (2008-11-13)
Moorhouse expands insurance comparison site to SMEs
"Moorhouse Group, the Caerphilly-based commercial broker, has expanded its online insurance comparison website, Constructaquote.com, to offer cover for small and medium sized enterprises (SMEs) across a range of sectors.
The website was launched in February last year, as a one-stop-shop facility for the construction industry and originally offered comparisons for liability, van, goods in transit, plant [...]" (2008-11-13)
Read more...
The website was launched in February last year, as a one-stop-shop facility for the construction industry and originally offered comparisons for liability, van, goods in transit, plant [...]" (2008-11-13)
CII promotes insurance for ex-offenders
"The Chartered Insurance Institute (CII) is alerting the insurance industry to the plight of ex-offenders who are trying to reintegrate into society.
UNLOCK, the charity that works to achieve equality for ex-offenders, has published a paper that suggests the insurance sector is failing reformed criminals who want to attain basic financial security.
Spokesman, Chris Bath, is arguing [...]" (2008-11-13)
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UNLOCK, the charity that works to achieve equality for ex-offenders, has published a paper that suggests the insurance sector is failing reformed criminals who want to attain basic financial security.
Spokesman, Chris Bath, is arguing [...]" (2008-11-13)
2008 Holiday Shopping Tips: Part One
"Economic concerns have tightened budgets, but these ideas can help you shop for less." (2008-11-12)
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BCWA: Britons need educating on benefits of PMI
"Health insurance provider, BCWA, has concluded that the insurance industry is failing to provide people with clear information about the benefits of private medical insurance (PMI).
Recent research by the firm found that 83% of people surveyed could see themselves using savings (44%) or borrowing money (39%) to pay for one-off private medical treatment, rather than [...]" (2008-11-12)
Read more...
Recent research by the firm found that 83% of people surveyed could see themselves using savings (44%) or borrowing money (39%) to pay for one-off private medical treatment, rather than [...]" (2008-11-12)
Coverbox to launch pay-as-you-drive policy
"Vehicle data management company, Wunelli, is launching Coverbox, a new pay-as-you-drive car insurance, early next year.
Using technology supplied by vehicle security firm, Cobra, policyholders will have their driving habits monitored and their premium will be based on distance covered and the time of day or night when their vehicle is in use.
Account is taken of [...]" (2008-11-11)
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Using technology supplied by vehicle security firm, Cobra, policyholders will have their driving habits monitored and their premium will be based on distance covered and the time of day or night when their vehicle is in use.
Account is taken of [...]" (2008-11-11)
Government launches insurance industry working group
"The Government has set up two new industry groups to look at the UK insurance and investment sectors.
The bodies come under the co-chairmanship of Chancellor of the Exchequer Alistair Darling, who will be joined by Andrew Moss, chief executive of Aviva, as co-chair of the insurance group.
Representatives of Legal & General, Standard Life, Scottish Widows, [...]" (2008-11-11)
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The bodies come under the co-chairmanship of Chancellor of the Exchequer Alistair Darling, who will be joined by Andrew Moss, chief executive of Aviva, as co-chair of the insurance group.
Representatives of Legal & General, Standard Life, Scottish Widows, [...]" (2008-11-11)
AIG secures $40bn of US Treasury support
"Stricken insurance company, American International Group (AIG), has called on the US Government for further help.
Last month the group warned that its $120 billion loan from the US Federal Reserve may not be enough to stabilise AIG’s finances as it undertakes a radical restructure and programme or disposals.
The company secured an $85 billion bail out [...]" (2008-11-10)
Read more...
Last month the group warned that its $120 billion loan from the US Federal Reserve may not be enough to stabilise AIG’s finances as it undertakes a radical restructure and programme or disposals.
The company secured an $85 billion bail out [...]" (2008-11-10)
mercredi 12 novembre 2008
Marketplace Realities
"The non-life insurance sector as a whole appears to have remained relatively isolated from the direct impact of the credit crisis so far, but in the longer-term there are still several uncertainties. The latest outlook on the impact of the credit crisis on insurers comes in the first of a two-part report by Willis. In [...]" (2008-11-11)
Read more...
lundi 10 novembre 2008
Ecclesiastical unveils new wedding insurance policy
"As the consequences of the credit crunch and deepening economic difficulties mount, insurer Ecclesiastical has designed a new wedding insurance policy aimed at ensuring that the most important day of all is not ruined by financial concerns.
The policy is flexible, enabling couples to shape it to their particular needs.
Premiums begin at just £30, which offers [...]" (2008-11-10)
Read more...
The policy is flexible, enabling couples to shape it to their particular needs.
Premiums begin at just £30, which offers [...]" (2008-11-10)
Cooper Gay acquires Benfield Aerospace team
"Cooper Gay & Co, the independent insurance and reinsurance broker, has acquired the London-based Aerospace team of Benfield.
The transaction means that 10 market practitioners, including John Howes and David Sales, are transferring to Cooper Gay’s London Aerospace division, along with their client portfolios.
They will be joining the team that transferred from Heath Lambert’s aviation division, [...]" (2008-11-10)
Read more...
The transaction means that 10 market practitioners, including John Howes and David Sales, are transferring to Cooper Gay’s London Aerospace division, along with their client portfolios.
They will be joining the team that transferred from Heath Lambert’s aviation division, [...]" (2008-11-10)
vendredi 7 novembre 2008
Living in a New Home and Within Your Means
"When setting up a household budget, you have to think about big-ticket items, such as how much you should spend on rent or mortgage payments, how much to budget for utilities, and what it will cost to buy homeowners or renters insurance to protect yourself in case of catastrophe.
" (2008-11-8)
Read more...
" (2008-11-8)
European Commission urged to include insurance in financial reforms
"A member of the EC Competition Directorate has urged the European Commission to ensure that a consistent review is given to the financial sector by rolling out insurance into broader cross-border banking and financial services regulation reforms.
Commission project leader Eithne McCarthy stated at a private insurers meeting in London that the Commission is still contemplating [...]" (2008-11-7)
Read more...
Commission project leader Eithne McCarthy stated at a private insurers meeting in London that the Commission is still contemplating [...]" (2008-11-7)
Soft Market Winding Down
"The average property/casualty rate decrease hit single digits in October for the first time in more than 20 months according to online insurance exchange MarketScout. It put the average p/c rate decrease at 9 percent in October, compared to a decline of 15 percent a year ago. Not since January 2007 has the average p/c [...]" (2008-11-7)
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AIG asset sales imminent
"Troubled insurance giant American International Group (AIG) is expected to start selling off units before the end of the year according to a report by the Reuters news agency.
A deal to sell off its US personal lines units, valued at $5-7 billion, is likely to be completed soon.
Its smaller energy equipment insurer, Hartford Steam Boiler [...]" (2008-11-7)
Read more...
A deal to sell off its US personal lines units, valued at $5-7 billion, is likely to be completed soon.
Its smaller energy equipment insurer, Hartford Steam Boiler [...]" (2008-11-7)
jeudi 6 novembre 2008
APC begins expansion plans with three BDMs
"APC, the commercial insurance underwriting agency, has hired three initial business development managers (BDMs) as part of its strategic regional expansion plan.
The trio of experienced individuals joined the firm this week and will comprise the UK regional platform which APC intends will double revenue in three years and triple them within five.
The first of the [...]" (2008-11-6)
Read more...
The trio of experienced individuals joined the firm this week and will comprise the UK regional platform which APC intends will double revenue in three years and triple them within five.
The first of the [...]" (2008-11-6)
HCC Q3 earnings drop 40%
"HCC Insurance Holdings Inc. has reported its third quarter results, with net earnings down 40% on year to $59.1 million, compared to net earnings of $97.9 million in the same period during 2007.
Net earnings per share for the quarter were $0.51, compared to $0.84 in the year ago period.
Total revenues fell 3% to $566.32 million, [...]" (2008-11-6)
Read more...
Net earnings per share for the quarter were $0.51, compared to $0.84 in the year ago period.
Total revenues fell 3% to $566.32 million, [...]" (2008-11-6)
Marshall Wooldridge acquires HNH Insurance Brokers
"Marshall Wooldridge has acquired HNH Insurance Brokers, an independent general insurance brokerage established in 1984 and formerly a member of Broker Network
Both HNH and its new owner are based in Leeds and the former will continue to trade from its current premises in the Garforth area of the city.
Details of the transaction have not [...]" (2008-11-6)
Read more...
Both HNH and its new owner are based in Leeds and the former will continue to trade from its current premises in the Garforth area of the city.
Details of the transaction have not [...]" (2008-11-6)
Maiden buys GMAC Re
"GMAC, the financial arm of General Motors, has sold its reinsurance business, GMAC Re, to Bermuda-based Maiden Holdings Limited.
Terms of the sale were not disclosed.
The acquired business will be renamed Maiden Re, and will be based in Mount Laurel, New Jersey.
Around 120 GMAC employees will join the Maiden team.
For the past quarter century GMAC Re [...]" (2008-11-6)
Read more...
Terms of the sale were not disclosed.
The acquired business will be renamed Maiden Re, and will be based in Mount Laurel, New Jersey.
Around 120 GMAC employees will join the Maiden team.
For the past quarter century GMAC Re [...]" (2008-11-6)
mercredi 5 novembre 2008
How Did Your Vote Affect the Future of Driving?
"Before the election, both candidates proposed major changes to our nation's energy policy. Now that Barack Obama has won, what does it mean for hybrids and possible tax credits?" (2008-11-5)
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Bupa welcomes top up decision
"The recent government decision to allow users of the NHS in England to pay for ‘top up’ treatment without losing their NHS treatment has been welcomed by private health firm Bupa.
Bupa UK Health Insurance’s managing director, Dr Natalie-Jane Macdonald, has warmly welcomed the announcement, which now entitles NHS patients to pay for private treatment without [...]" (2008-11-5)
Read more...
Bupa UK Health Insurance’s managing director, Dr Natalie-Jane Macdonald, has warmly welcomed the announcement, which now entitles NHS patients to pay for private treatment without [...]" (2008-11-5)
Election Round-Up
"In addition to deciding America’s next President, the 2008 election included several races at the state level of importance for the insurance industry. State insurance commissioner races were decided in five states – Delaware, Montana, North Carolina, North Dakota and Washington. Other decisions closely watched were the governors’ races in six states with appointed insurance [...]" (2008-11-5)
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Giles raises Welsh profile with NG Insurance acquisition
"Giles Insurance Brokers has increased its presence in Wales with the acquisition of NG Insurance.
The Penarth-based broker, which began trading in 2002 specialises in commercial, financial risk protection and personal insurance.
Giles entered the Welsh market when it bought Hedges & Rose, based in Tonyrefail, late last year.
The group went on to acquire DS Howell, [...]" (2008-11-5)
Read more...
The Penarth-based broker, which began trading in 2002 specialises in commercial, financial risk protection and personal insurance.
Giles entered the Welsh market when it bought Hedges & Rose, based in Tonyrefail, late last year.
The group went on to acquire DS Howell, [...]" (2008-11-5)
Zurich tops satisfaction index for car and home insurance
"Zurich has taken the lead in a new customer satisfaction survey introduced by CFI Group.
The US-based company has launched its first UK National Customer Satisfaction Index (NCSI-UK) for home and car insurance providers.
Zurich achieved a score of 79 on a 100 point scale, slightly above the average satisfaction level of 77.
Other notable performers were RBS’s [...]" (2008-11-5)
Read more...
The US-based company has launched its first UK National Customer Satisfaction Index (NCSI-UK) for home and car insurance providers.
Zurich achieved a score of 79 on a 100 point scale, slightly above the average satisfaction level of 77.
Other notable performers were RBS’s [...]" (2008-11-5)
mardi 4 novembre 2008
G-Wiz Insurance unveiled by GoinGreen
"GoinGreen has launched the first insurance scheme dedicated towards the G-Wiz driving community of London.
GoinGreen, which sells the Reva G-Wiz electric vehicle, has collaborated with broker Heath Lambert to design the GoinGreen Insurance Services policy.
The policy has been tailored specifically to the G-Wiz electric vehicles, and is underwritten by Chaucer Insurance.
Because it has been designed [...]" (2008-11-4)
Read more...
GoinGreen, which sells the Reva G-Wiz electric vehicle, has collaborated with broker Heath Lambert to design the GoinGreen Insurance Services policy.
The policy has been tailored specifically to the G-Wiz electric vehicles, and is underwritten by Chaucer Insurance.
Because it has been designed [...]" (2008-11-4)
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