Articles by Katie Marriner
IFB and Ifed bosses refuse to fuel industry calls for merger
A merger of the Insurance Fraud Bureau and the Insurance Fraud Enforcement Department would create greater efficiency and allow the IFB to widen its scope.
Axa places €350m of cat bonds for European windstorm risk
Axa Global has placed €350m (£295) of catastrophe bonds to institutional investors through Calypso Capital II providing the insurer with protection against European windstorm risk.
ABI backs young driver curfews despite resistance from members
Telematics provider labels plans a ‘draconian, backwards step.
Fraud firm sees increase in credit repair rates referrals
Fraud management company TCF has reported a 300% increase in referrals to its credit repair rates validation service from quarter one to quarter two of this year.
Law firm slams FCA naming policy
A lawyer from international firm CMS has slammed the Financial Conduct Authority’s decision to name firms under investigation saying the move is “calculated to gain publicity”.
EU insurers benefitting from economic stability increasing focus on risk
European insurers are benefitting from a more stable economic environment, although they continue to adjust product offerings and adapt reinsurance purchasing in response to the low-yield environment as they increase their focus on risk management,…
FCA to name firms under investigation in warning notices
The Financial Conduct Authority today confirmed it will name firms and, in some circumstances, individuals under investigation.
Agencyport counts Lloyd’s as key revenue contributor
Software firm Agencyport has cited the Lloyd’s and London market as the key contributor to its 2012 revenue with 50% of its income coming from that sector.
Vision Re defers capital raising until 2014
The directors of Vision Re have announced the company’s capital raising and capacity deployment will be deferred until 2014.
Majority of law firms obtain PI cover with rated insurer
A survey of nearly 500 law firms has found 13% sought professional indemnity cover with an unrated insurer before the end of the renewal period on 1 October.
UK IFAs say increased insurance sector M&A likely
Results from a survey of more than 170 UK independent financial advisors show 87% of respondents consider more mergers and acquisitions in the insurance sector to 2018 are likely.
Online giants touted as distribution competitors
Almost two thirds of European insurers consider competition in the distribution market in the next three years will come from non-insurance players such as Amazon and Google, a survey has found.
Online giants touted as distribution competitors
Almost two thirds of European insurers consider competition in the distribution market in the next three years will come from non-insurance players such as Amazon and Google, a survey has found.
IFAs say increased insurance sector M&A likely
Results from a survey of more than 170 UK independent financial advisors show 87% of respondents consider more mergers and acquisitions in the insurance sector to 2018 are likely.
Axa plans initiative roll out to create efficiency for brokers
An Axa Commercial Lines and Personal Intermediary motor insurance initiative is to be expanded to household products by quarter two of next year.
L&G bids for Co-op household book
Legal and General has placed a bid for the Co-operative Group’s household insurance book.
Cooper Gay and NMB deal finalised
Cooper Gay Swett and Crawford has finalised its acquisition of Lloyd’s insurance and reinsurance broking group Newman Martin and Buchan following Financial Conduct Authority approval of the deal.
Research shows growth in telematics product offerings
The number of car insurance products featuring telematics has increased from two to 14 in the past two years research from Defaqto has found.
Adventurous over-50s covered by Avanti
Avanti Insurance has increased its coverage to take into account the latest holiday adventure sports being taken up by 50 to 90 year olds.
IT provider Northdoor contracts with proposed syndicate
IT provider Northdoor has contracted to provide its underwriting system Ndexinsure to proposed Lloyd’s syndicate 1729 Dale Underwriting Partners.
Michael Tripp joins Mazars as GI partner
Former Ecclesiastical chief executive Michael Tripp has set his sights on developing accountancy firm Mazars’ actuarial business as an alternative offering to Towers Watson.
Markel buys Abbey Protection for £116.5m
Specialist insurer Markel has acquired Abbey Protection for £116.5m; a price representing 9.3 times the insurer’s EBITDA.
Swinton urges closer broker ties with IFB after Gumtree success
Social networking sites and eBay still targeted by ghost brokers
Equity sells direct broking division to NMG Holdings
Equity Insurance Group has sold specialist motor and home broker Equity Direct Broking to NMG Holdings as part of its strategy for the business to return to underwriting.