The Association of Chief Police Officers’ Vehicle Crime Intelligence Service (AVCIS) has secured extra funding of £100,000. Commenting on the award, Home Office Minister Alan Campbell said: “The government is determined to keep up this good work which is why we have increased our funding for AVCIS from £200,000 to £300,000 to support its work [...]
Legal Expenses Insurance Group (LEIG) has been joined by the specialist UK general insurer IGI Insurance Company. Set up three years ago, LEIG was established to help claimants achieve fair compensation and justice. The Group includes a number of leading intermediaries and legal expenses insurers and seeks to protect policyholders and claimants by providing critiques [...]
Global insurance broker Willis Group Holdings (NYSE:WSH) has been appointed to serve as broker for Hong Kong’s largest ever rail construction project by client MTR Corporation Limited (MTR). The Guangzhou-Shenzhen-Hong Kong Express Rail Link will offer a direct link from Hong Kong to Shenzhen and China’s enormous mainland rail network. The trains in the Hong [...]
Specialist construction underwriter INK Underwriting Agencies Limited (INK) has launched a new Professional Indemnity insurance. Premiums start from £50, plus IPT pa for a £50,000 indemnity limit, with higher limits available upon request. Clients already holding INK liability policies will be able to take advantage of the new insurance, which is designed as an add-on [...]
CFC Underwriting has launched Esurance Ice, a new policy aimed at online gaming companies and backed by Lloyd’s of London. The cover is designed to address the risks of operating in the current legislative environment and is available worldwide, excluding US claims. The firm’s business development director, Graeme Newman, comments: “By its very nature online [...]
Saga Insurance has become a member of the Insurance Fraud Bureau (IFB). As a result, the Bureau’s membership now accounts for 96% of the UK’s personal lines insurers. Saga’s head of fraud, Nikki Grieve-Top, says: “We are looking forward to working collaboratively with the industry in the fight against fraud … the current climate has [...]
The Association of British Insurers (ABI) has issued guidance relating to the cover most people can expect under their travel policies if they catch swine flu. Travel insurers will treat swine flu as they would any other illness, and policies will typically pay for treatment abroad if it’s caught on holiday. Rearranged flights and accommodation [...]
Crawford Company Broadspire has announced that it is to deliver Crawford Care Management services on behalf of employee assistance provider (EAP) Horizon Health. Broadspire was launched by Crawford in mid-June at the AIRMIC Conference in Bournemouth. Horizon’s range of services will be bolstered by Crawford Care’s on-site managers, equipped with expertise in providing the elderly [...]
Aviva has launched a television and press campaign that alerts the soon-to-be-retireds to the advantages of shopping around for annuity rates. The insurer claims that people can boost their retirement income by up to 10% by making an effort, rather than sticking with their current pension provider. According to the group, nearly 450,000 annuities are [...]
Platinum Underwriters Holdings has reported a fall in net income for the second quarter of 2009, to $98.1 million, compared with $102.3 million in the previous three months. The decline took net income for the first six months of the year down to $183 million, from $207.5 million in the same period of 2008. The [...]
LV= is set to launch a range of its commercial products via PowerPlace, the broker system backed by Towergate. The mutual will join NIG, Zurich, Groupama, Fortis, MMA Insurance and Towergate Underwriting on the panel, which operates via the Open GI platform. Commercial director, Mike Crane, comments: “We want to be part of the PowerPlace [...]
Following a pair of management buyouts, the chief inspector of ANSA Holdings and Independent Inspections, inspection and repair services firms, is to establish a claims handling provider intended to become a market leader. ANSA and Independent were recently acquired by Steve Watkins for almost £20m, with the backing of LDC, the private equity division of [...]
Paragon Advanced has announced that it is including identity theft cover as standard with its “No Deposit” insurance, a policy designed for landlords who prefer not to take deposits. According to the lettings services firm, the risk of identity theft is high in house conversions or blocks of flats where the residents share a letterbox. [...]
A High Court case brought by Equitable Life policyholders begins today. The Equitable Members Action Group represents around 21,000 policyholders who lost up to 50% of the value of their pension funds when Equitable Life came close to collapse in 2001. The group is demanding a judicial review of the Government’s decision not to implement [...]
Commercial and liability specialist, Anglo Pacific Consultants (London) Ltd, has achieved Lloyd’s accredited status. The company, which trades as APC, says it will be using its new status to further European expansion plans. The firm is already in the process of developing its web-based underwriting platform, Quote Mac, to distribute APC products across The Channel. [...]
American International Group, Inc. (AIG) has announced that the sale of its consumer finance operations in Mexico has been closed. The terms of the deal, which includes AIG Universal, S.A. de C.V., SOFOM E.N.R. and Markcenter Services, S. de R.L. de C.V, to Desarrollo de Negocios Integrados, S.A. de C.V. and Inversiones DNI, S.A. de [...]
The Association of British Insurers (ABI) has responded to the statement by Shadow Chancellor George Osborne regarding Conservative proposals for reforming the financial regulatory system of the United Kingdom. Director General Stephen Haddrill has said he welcomes the clarity and detail provided by the Opposition in relation to their proposals. However, Haddrill did say that [...]
Towergate Risk Solutions (TRS) Leeds has announced the appointment of Darren Paterson to the post of account executive. Paterson leaves behind a corporate client advisory position with Oval in Wakefield, where he had spent the last 10 years. With Towergate, Paterson will bring his experience into his new role providing the firm’s expanding corporate client [...]
As the Ashes season inspires Britain’s would-be cricketers, Aviva has issued some sensible advice to parents. The insurer warns that outdoor games play their part in a 20% rise in broken glass claims during summer months, as a combination of enthusiasm and limited skill directs cricket, tennis and footballs through greenhouses and conservatories and into [...]
