Personal
Aviva and Xchanging bosses outline Indian plans on Cameron trade relations trip
Aviva wants to boost its stake in its Indian joint venture to 49 percent as soon as regulations allow, according to a report on Reuters.
Brit cuts UK private motor book by 60% as it reports £72.8m profit
Brit Insurance this morning reported that profit before tax excluding the effect of foreign exchange on non-monetary items increased by 12.2% to £72.8m for the first six months of 2010 (30 June 2009: £64.9m). It recorded a profit before tax of £77.5m (30…
Yachts & pleasurecraft - fraud: Making waves
The recession saw fraud in the yacht market rocket after an unprecedented boom-bust in prices. Nick Smith examines the current situation.
BIS countdown - Sean McGovern interview: Getting to grips with government
Lloyd's general counsel Sean McGovern talks to Jonathan Swift about the incoming Solvency II directive and his role building relationships with the new government.
Moat vows to return aggregator to profit after £1 buy
Fairpoint Group chief executive Chris Moat has vowed to return Money Extra to profit by the end of the year, after acquiring the troubled aggregator for just £1.
NIG looks to exit personal lines after sale ruled out
Royal Bank of Scotland Insurance has unveiled a plan to close its loss-making NIG personal lines business after ruling out a trade sale as "unviable" in the current market.
Brit cuts UK private motor book by 60% as it reports £72.8m profit
Brit Insurance this morning reported that profit before tax excluding the effect of foreign exchange on non-monetary items increased by 12.2% to £72.8m for the first six months of 2010 (30 June 2009: £64.9m). It recorded a profit before tax of £77.5m (30…
BIS countdown - Sean McGovern interview: Getting to grips with government
Lloyd's general counsel Sean McGovern talks to Jonathan Swift about the incoming Solvency II directive and his role building relationships with the new government.
NIG set to exit personal lines
Royal Bank of Scotland insurer NIG has outlined plans to close its personal lines division and focus solely on commercial business.
Ecclesiastical unveils new CEO
Specialist insurer Ecclesiastical has appointed Andrew Moon as the new chief executive officer for its Australian business, Ansvar Insurance. The move comes after former CEO John Peberdy announced his retirement from the business after 37 years, earlier…
AI expects to beat forecast with results
Credit hire operator AI Claims Solutions today said it expects turnover, profit before tax and earning per share for the financial year ending 30 June 2010, to be ahead of market forecasts.
CEO Utley out at IAG UK
Insurance Australia Group has announced today that Ian Foy, currently CEO of IAG’s New Zealand business, will return to the United Kingdom to become CEO of IAG’s UK business, succeeding Neil Utley.
Allianz backs “positive” Jackson Review consultation
Insurer Allianz has backed the government’s consultation on implementing sections of Lord Justice Jackson’s Review of Civil Litigation Costs.
Master of the Rolls welcomes Jackson review plans
Master of the Rolls Lord Neuberger has backed the government’s decision to launch a consultation aimed at implementing the recommendations of Lord Justice Jackson’s Review of Civil Litigation Costs.
Government outlines Jackson Review implementation plans
The government is set to launch a consultation on implementing the recommendations laid out in Lord Justice Jackson’s Review of Civil Litigation Costs.
Beachcroft hails win in fraud case
A dishonest homeowner who exaggerated a contents claim, which was part of a larger claim for major repairs to his property after it was badly destroyed by a fire, has had the entire claim rejected at court.
Allianz unveils motor realignment
Allianz is realigning the structure of the unit responsible for its automotive cooperations - Global Automotive.
Allianz unveils motor realignment
Allianz is realigning the structure of the unit responsible for its automotive cooperations - Global Automotive.
Shortlist announced for Fraud Awards 2010
The shortlist for the 2010 Insurance Fraud Awards has been announced. The event, which recognises the industry’s continued efforts to combat and prevent fraud and encourage the spread of best practice and excellence across the sector will take place on…
ABI confirms insurance fraud hit £16m a week in 2009
Insurers are detecting more fraudulent insurance claims than ever according to figures released today by the Association of British Insurers.
L&G promotes add-on policies
Legal & General is rolling out a campaign promoting the value of cover such as extended accidental damage, personal possessions and family legal protection that can be added to standard household insurance policies.
FSCS says two thirds of £204m payouts are for PPI
In its annual report and accounts for 2009/10, published today (22 July), the Financial Services Compensation Scheme reports that it has paid more than £204m in compensation to over 21 000 claimants.
Fraud Awards shortlist announced as ABI unveils latest detection figures
The shortlist for the 2010 Insurance Fraud Awards - recognising excellence and best practice in combating and preventing insurance fraud - has been announced today.
Brownsword founder departs firm
David Brownsword has left his role as executive chairman of Brownsword Group, two years after returning to the fraud investigation company that he founded.