News
Lloyd's company ties up outsourcing deal with Direct group
Sagicor Life at Lloyd’s has revealed plans to develop further into the group life market in the UK and Europe by announcing that it has reached an agreement with Direct Group to transfer its quote and administration services to Direct Group.
BIS 2010 - News: Demand for actuaries on the increase
The actuarial profession is undergoing a 'Y2K moment', as the demand for skills increases under looming regulatory proposals, according to WNS Global.
CEA warns of consumer detriment following ECJ ruling on sex
The CEA, the European insurance and reinsurance federation, has warned that there could be far-reaching implications for the price and availability of insurance cover if today’s opinion by the advocate general is upheld by the European Court of Justice.
BIS 2010 - News: Towergate's Blanc underlines issues still facing IPO market
Towergate deputy group chief executive Amanda Blanc has highlighted the difficulties companies are facing launching initial public offerings in the current financial climate.
BIS 2010 - News: Jury out on e-commerce potential of social network sites
The jury is out as to whether social networking sites will lead to e-commerce opportunities, according to Vivek Banga, UK distribution leader, small business and personal lines at Brit Insurance.
BIS 2010 - Introduction: The view from the hill
Anthony Gould outlines the key debating points from two busy days in Tower Hill.
Insurers tipped to be smartphone app leaders
The Insurance sector is one of the fastest to jump on the 'App bandwagon' creating bepoke Apps for smartphones such as Iphones and Google Android, it has been claimed.
North of the Border: animals acts: don't give a dog a bad name
As readers will be aware, north of the border, unlike in England the pre-action protocol for personal injury claims is entirely voluntary and has no statutory basis. Many insurers and claimants firms are signatories to the protocol and have found it…
Pair of insurers join anti-Jackson alliance amid ATE fears
Concerns over the future of the after-the-event insurance market have driven two insurance companies to become founder members of the Consumer Justice Alliance.
IFB readies household, EL and PL fraud models
The Insurance Fraud Bureau has admitted it is involved in discussions with home, employers' liability and public liability insurers to strengthen fraud detection rates beyond the motor insurance sector.
B2B aims to be top choice for independents
Broker 2 Broker's new managing director Denis Morgan has unveiled a new strategy aimed at turning the business into the "preferred online underwriting facility for independent brokers".
Central targets growth with new sector focus
Central Insurance Services, the Aberdeen-headquartered broker that opened up shop in Glasgow in March, has outlined the sectors it intends to target to generate growth.
Arista and NIG boost teams in Leeds pushes
Arista has signalled its intent to broaden its UK footprint after appointing a senior underwriter to focus on the Leeds insurance market.
Bahrain firms eye UK Takaful tie-up
A joint venture between UK-based distributors and Middle-Eastern insurers is the most successful formula for launching a Takaful operation in the UK, according to the chief executive of the Bahrain Economic Development Board.
ABI rebuffs Hiscox supremo's calls for trade body break-up
The Association of British Insurers has hit back at claims the general insurance industry would be better served by a separate trade body.
Aviva hires ex-Capita man Briggs
Former Capita Insurance Services chief executive Matthew Briggs has returned to the market to take up a role in Aviva's claims division.
Less Oxygen for Manchester as public sector team relocates
Oxygen Insurance Brokers is to close its public sector offering in Manchester after a strategic review of client facing operations, Post has learnt.
Report reveals European insurance buyers fear price hikes
Almost half of all European insurance buyers are concerned current economic conditions could lead to an increase in the cost of cover, research by the Federation of European Risk Management Associations has revealed.
Half-year underwriting loss a first for Lloyd's
Lloyd's has recorded its first ever interim underwriting loss since it started publishing half-year results in 2005.
APC adds to IT team
APC has added to its IT team with the appointment of Jas Brabrah as senior software developer.
Brightside broking chairman outlines acquisition strategy
Brightside has confirmed it is considering going on the acquisition trail as the group recorded a pre-tax profit of £4m for H1 2010.
AM Best affirms QBE Europe's rating as "A"
AM Best Europe has affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings (ICR) of “a+” of QBE Insurance (Europe) (United Kingdom), QBE Insurance (International) Limited (Australia) and QBE Reinsurance (Europe) Limited …
QBE deal with ambulance service aims to cut insurance costs
QBE is providing accident monitoring technology to promote safer driving and help reduce the insurance claims costs for the NHS as part of an arrangement with the North East Ambulance Service.
JLT announces name change
Jardine Lloyd Thompson Group has announced it is changing the name of Jardine Lloyd Thompson Limited to JLT Specialty Limited.