Bodily injury legal fees cost policyholders £2.4m a day – ABI

Trade body urges cut in ‘exorbitant’ costs

Marsh sums up geo-political risk for global energy firms

Despite the recent period of geo-political turmoil, many economies are presenting increased growth opportunities for global energy firms, claims Marsh. On its latest Political Risk Map, Brazil, Bolivia, Chile, Colombia, Indonesia, Mexico, Peru, Russia, Thailand, Turkey and Uruguay are highlighted …

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1st Central and KeyCare announce partnership

Motor insurer 1st Central has announced a partnership with Keycare to help protect UK motorists against the rising cost of replacing keys. Replacing keys can cost a small fortune, with electronically programmed keys sometimes costing £1,000 or even more to …

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Troubled broker Astbury Wren acquired

Chester-based firm went into administration earlier this week

SSP launches real-time quote hub

Software house says users will reap benefits in motor

HCC reveals $255.2m profit

Specialist insurer anticipates “improved pricing environment”

Plumeri faces heat after Willis contingent U-turn

Willis warned backtracking on controversial payments will unsettle risk managers; campaign website down but YouTube site still up

HCC reports fall in profits

Emmanuel Kenning – Insurance Age HCC Insurance Holdings has reported a fall in net earnings in 2011 to $255m (2010: £162.3m) with a deterioration in its combined operating ratio to 90.8% from 84.6% the previous year. HCC Insurance Holdings has …

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Barclays PPI complaints jump 67% in H2 2011

Bank received 122,992 complaints in the second half od the year

Broker boss Finch predicts network consolidation

The current network arena is unsustainable, according to Alec Finch

Ex-Aviva boss Snowball on a high after profit leap

Suncorp defies tough global economy and natural catastrophes to notch up big bounce in profits

Ageas reveals commercial COR of 110.9%

Emmanuel Kenning – Insurance Age Ageas Insurance has confirmed it recorded a combined operating ratio (COR) of 110.9% in commercial lines business for the year ended 31 December 2011. Ageas Insurance has confirmed it recorded a combined operating ratio (COR) …

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Bennetts petitions government to cut biker deaths

Petition has 28,600 signatures and counting

Marsh sums geo-political risk for global energy firms

Despite the recent period of geo-political turmoil, many economies are presenting increased growth opportunities for global energy firms, claims Marsh. On its latest Political Risk Map, Brazil, Bolivia, Chile, Colombia, Indonesia, Mexico, Peru, Russia, Thailand, Turkey and Uruguay are highlighted …

Read more »

Aon expands Kielty’s northern roles

Kielty now heads up Aon corporate across three branches

MPs call for “Presumption of Death” Act

The House of Commons Justice Committee is calling for new legislation to help families when someone goes missing. MPs want a “presumption of death act”, modelled on existing legislation in Scotland and Northern Ireland, to clarify the legal position of …

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China could open door to foreign motor insurers

Rates could be uncompetitive if state fixes premiums

Carole Nash names new director

Promotion at motorcycle insurance broker

Aviva vows closer broker ties with six regional hubs

Broker boss Janice Deakin promises Aviva will fight off SME-hungry rivals with enhanced service to brokers

RSA commercial chief threatens to exit unprofitable markets

Martin Friel – Insurance Age RSA’s commercial chief has confirmed that he will pull out from product lines that are not working for the insurer as he continues his revamp of RSA’s commercial book. RSA’s commercial chief has confirmed that …

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AXA buys HSBC non-life arm – reports

Deal estimated to be worth $1bn

Motor premiums up 0.1% in February

Inflationary pressures of 2010 and 2011 appear to be easing

CPP jobs at risk with latest FSA probe

Regulator is demanding the insurer begin a retrospective review with possible compensation payouts

Cobra Network broker Riverbourne plunges into administration

Riverbourne Group in administration as reports circulate that up to nine brokers are interested in acquiring the business

Aviva vows closer brokers ties with six regional hubs

Aviva broker boss Janice Deakin promises to fight off SME hungry rivals with enhanced service to brokers

CNA appoints chief underwriting officer

CNA Insurance Company Limited has announced the appointment of John Taylor as the firm’s new chief underwriting officer, with immediate effect. In his newly created position Taylor will be directly responsible to CNA Europe Chief Executive Officer John Hennessy. Taylor …

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Momentum signs first Scottish member

Dancas Insurance Brokers signs with Pepper

1 Answer expands commercial offering

Network has appointed David Gayton from Powerplace

AXA buys HSBC non-life arm – reports

Deal estimated to be worth $1bn

Aviva puts new spin on family protection sales

Aviva has revamped its support to advisers to help them overcome barriers in selling family protection. The insurer wants advisers to emotionally engage with consumers by focusing on the positive aspects of family life and opening up conversations around “What …

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ATMs, smartphones and TVs could unlock pension top-up potential

The UK’s pensions providers need to find new ways for people to top up and manage their pension payments, according to research from Friends Life. A study for Friends by the Future Foundation indicates that millions of Britons are keen …

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AXA promotes stress-busting in car sticky patches

With one in ten motorists regularly stressed behind the wheel, AXA has been looking into soothing techniques. According to the insurer’s research, having a cuppa topped the motorist’s stress-busting list but is hardly an option when stuck in a traffic …

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Ageas UK enjoys strong 2011 results

Ageas UK has reported its financial result for the year ended 31 December 2011, including pre-tax profits of £105m. This compares with a pre-tax loss of £24.8m the firm incurred during the previous year, a loss the firm attributed to …

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CNA names Taylor chief underwriting officer

Taylor to oversee underwriting across European lines

Hiscox appoints head of art and private client

Justin Gott takes up new role

Swinton launches telematics pilot with Provident

Broker says deal could save drivers up to 50%

CNA creates chief underwriting role

Emmanuel Kenning – Insurance Age CNA Insurance has appointed John Taylor to the newly-created role of chief underwriting officer. CNA Insurance has appointed John Taylor to the newly-created role of chief underwriting officer.

Hiscox promotes Gott to lead on art and private clients

Emmanuel Kenning – Insurance Age Hiscox has announced the promotion of Justin Gott to the position of head of art and private client, Hiscox UK and Ireland. Hiscox has announced the promotion of Justin Gott to the position of head …

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Insurers must improve customer service, according to survey

Caitlin Morrison – Insurance Age UK consumers are twice as likely to switch insurance provider as their mainland European counterparts, according to a survey conducted by Ernst & Young. UK consumers are twice as likely to switch insurance provider as …

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Ageas’ chief bearish on commercial hardening

Emmanuel Kenning – Insurance Age Barry Smith, chief executive of Ageas UK, has described himself as “very pleased” with the step change from loss to profit at the insurer but admitted he was not confident of seeing any commercial market …

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Garwyn chief supports Cameron’s compensation culture plans

‘Positive first steps,’ according to Niemczewski

PPI scandal costs Lloyds bankers their bonuses

Bank to claw back up to £2m in bonus pay-outs

New London broker Faber Global launched

Jason Howard to head new facultative and wholesale business

QBE merger creates new division

QBE bringing together casualty international and professional and financial lines teams

Ageas UK returns to full-year profit after ‘great’ 2011

Insurer posts £105m profit, 99.9% combined ratio and £2bn revenue

Ageas produces growth and profit across the board

Martin Friel – Insurance Age Ageas has reported a huge boost in both gross written premiums (GWP) and profit for 2011 as the insurer’s Tesco deal begins to pay dividends. Ageas has reported a huge boost in both gross written …

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QBE creates new combined team

Caitlin Morrison – Insurance Age QBE has combined its casualty international and professional and financial lines teams to form a new division led by David Harries. QBE has combined its casualty international and professional and financial lines teams to form …

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Aviva’s McMillan bullish on insurer summit outcomes

Emmanuel Kenning – Insurance Age David McMillan, chief executive officer UKGI at Aviva, has told Insurance Age he was as optimistic as he had ever been on reducing the cost of motor premiums following the outcome of last week’s insurance …

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Ageas UK returns to full-year profit after ‘great’ 2011

Insurer posts £105m profit, 99.9% combined ratio and £2bn revenue

Ageas UK returns to full-year profit as underwriting improves

Insurer posts £105m profit, 99.9% combined ratio and £2bn revenue

Garwyn chief supports Cameron’s compensation plans

‘Positive first steps,’ according to Niemczewski

L&G enhances critical illness cover

Legal & General’s group critical illness cover now includes cover for aplastic anaemia, bacterial meningitis, cardiomyopathy, encephalitis and liver failure. In addition, the insurer has adjusted the survival period for most illnesses from 30 to 14 days and is increasing …

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AEGON secures €12 billion capital market longevity solution

Deutsche Bank says it has completed a €12 billion longevity swap with AEGON in a transaction that is the first of its kind because it is targeted directly to the capital markets. The deal therefore represent a step forward in …

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L&G enhances critical illness cover

Legal & General’s group critical illness cover now includes cover for aplastic anaemia, bacterial meningitis, cardiomyopathy, encephalitis and liver failure. In addition, the insurer has adjusted the survival period for most illnesses from 30 to 14 days and is increasing …

Read more »

L&G enhances critical illness cover

Legal & General’s group critical illness cover now includes cover for aplastic anaemia, bacterial meningitis, cardiomyopathy, encephalitis and liver failure. In addition, the insurer has adjusted the survival period for most illnesses from 30 to 14 days and is increasing …

Read more »

L&G enhances critical illness cover

Legal & General’s group critical illness cover now includes cover for aplastic anaemia, bacterial meningitis, cardiomyopathy, encephalitis and liver failure. In addition, the insurer has adjusted the survival period for most illnesses from 30 to 14 days and is increasing …

Read more »

L&G enhances critical illness cover

Legal & General’s group critical illness cover now includes cover for aplastic anaemia, bacterial meningitis, cardiomyopathy, encephalitis and liver failure. In addition, the insurer has adjusted the survival period for most illnesses from 30 to 14 days and is increasing …

Read more »

L&G enhances critical illness cover

Legal & General’s group critical illness cover now includes cover for aplastic anaemia, bacterial meningitis, cardiomyopathy, encephalitis and liver failure. In addition, the insurer has adjusted the survival period for most illnesses from 30 to 14 days and is increasing …

Read more »

L&G enhances critical illness cover

Legal & General’s group critical illness cover now includes cover for aplastic anaemia, bacterial meningitis, cardiomyopathy, encephalitis and liver failure. In addition, the insurer has adjusted the survival period for most illnesses from 30 to 14 days and is increasing …

Read more »

Miller announces brace of appointments

Miller has announced that it is bolstering its political risk, trade credit and political violence capabilities with the appointments of James Cunningham and Ewan Wauchope. Cunningham joins the firm from Marsh, and brings two decades of experience in the insurance …

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