Agricultural and general insurer, Cornish Mutual, is reminding property owners that they are more likely to become the target of thieves from Sunday 25th October, when the UK reverts to Greenwich Mean Time. With dusk drawing in an hour earlier, homes and gardens need that extra bit of attention to remain secure. The firm actually [...]
Heath Lambert has launched a bespoke health cash plan for people with diabetes. The new policy, which is provided by not-for-profit health insurer, BHSF, has been commissioned by Diabetes UK. It should allow those living with the condition to apply for cover without the concern that they will be refused, or face having claims denied [...]
Aviva has announced that the flotation of its Dutch business, Delta Lloyd, on Euronext Amsterdam should raise between €2.6 billion and €3.1 billion, with shares priced between €15.50 and €19. Assuming a mid-range outcome, the initial public offering (IPO) of the 42% stake could provide the group with a cash injection of €1.2 billion, some [...]
Doodson Broking Group has made two acquisitions and expanded its Motorsport unit with the opening of a new office in Belfast. The group has acquired Albemarle Insurance Brokers Ltd, a London-based entertainment and leisure industry specialist with a strong reputation in the rock and pop sector. In addition, the broker has purchased Sumner Insurance Services [...]
Car insurer LV= has released research which reveals that there has been a 64% rise in drivers being clamped in the last year. The charge is typically £116 or £120, depending upon whether the clamper is municipal or private, and the legality of private clampers is presently disputed. LV=’s research indicates that local councils made [...]
Standard Life has announced that David Nish is to succeed Sir Sandy Crombie as group chief executive officer, effective from 1 January 2010. Nish joined the firm three years ago as group finance director, prior to which he had worked for Scottish Power in a number of senior roles including finance director. Earlier in his [...]
Insurance broker and risk adviser Marsh has announced that Peter Box, previously a partner with PricewaterhouseCoopers (PwC), has joined the firm’s board as a non-executive independent director. In his former role as a PwC partner he was an audit and business advisory partner dealing with everything from large international business to specialist national firms. With [...]
Aviva is expanding its business offering with the introduction of specialist electronic equipment cover. Firms across various sectors, including telecommunications, media, health, leisure, motor and construction can benefit from new tailored protection. Computers are excluded from the policy, however, recording, storing and broadcasting equipment, general office equipment, manufacturing control or monitoring equipment, security systems or [...]
Personal lines insurance broker network 1 Answer Network has invested in cutting edge IT hardware to unlock full internet trading potential for its membership. The network has stated that ultimately users of its CDL personal lines software will be able to easily upgrade to the new CDL module, based online. This would enable brokers to [...]
Aviva has announced the appointment of Marie Sigsworth as corporate responsibility director, succeeding Louella Eastman, who is retiring from the role. Ms Sigsworth will take responsibility for all aspects of corporate responsibility including diversity, environment, and community programmes across Aviva’s 28 markets. The group’s annual global employee satisfaction survey will also fall within her remit. [...]
Motorists living in Chislehurst, Kent, or Wingate, Cleveland are three times more likely than average to have their car stolen, research from moneysupermarket.com has discovered. The price comparison site announced the findings when it revealed the top 20 locations for theft claims on car insurance. Big cities including Manchester, Sheffield and Bradford featured in the [...]
Global insurance broker Willis Group Holdings has announced the appointment of Hugh Powell as CEO, Latin America, for Willis Facultative. He formerly led the Latin America Facultative operation at Guy Carpenter before joining Willis. Powell will be granted regional responsibility for the facultative reinsurance business, and will also acquire a seat on Willis Facultative’s Executive [...]
The European Commission has begun an ELIOS feasibility study entitled “Liability and insurance regimes in the construction sector; national schemes and guidelines to stimulate innovation and sustainability”. The project will assess the liability and insurance systems across the EU and analyse the effect of the current systems on the construction sector and service quality. It [...]
Letsure has announced some good news for the Glaswegian job market after stating its expansion plans meant it would be increasing headcount by up to 50% over the next 12 months. The firm provides insurance and credit referencing insurance solutions to the lettings market. Of late, Letsure has released a number of new products and [...]
The High Court has rejected the Government’s decision not to implement the full recommendations of Parliamentary Ombudsman, Ann Abraham, regarding compensation for Equitable Life policyholders who lost money when the firm came close to collapse nine years ago. In July of 2008, Ms Abraham published a report on the demise of Equitable, which from the [...]
Auger, the drainage investigation specialist, has enjoyed a record year during which turnover has soared by 50% to £1.8m. The firm offers loss adjusters, insurance companies and new build warranty providers drainage and subsidence investigations, and has engineers across the UK in addition to its staff at its Wirral HQ. MD David Brewster has asserted [...]
American International Group, Inc. (AIG) has announced that it is to sell its 97.57% stake in Nan Shan Life Insurance Company, Ltd. The sale will be to a consortium, including Primus Financial Holdings Limited, the Hong Kong-based financial services firm, and China Strategic Holdings Limited, the Hong Kong Stock Exchange-listed investment company, for around $2.15bn. [...]
Home insurer LV= has commissioned research which has shown that many Britons are undervaluing their clothes, shoes and bags when considering home contents insurance, potentially exposing them to underinsurance. On average clothing is worth £1,600, with a further £1,300 when accessories are added, but LV= has stated that the complete value of a wardrobe can [...]
Newlyweds are being advised by Kwik Fit Insurance to remember to reassess their home contents insurance to make sure it provides them with adequate coverage. For 30 days before and after the wedding Kwik Fit Insurance increases by a tenth the coverage against accidental damage and theft, although naturally the couple involved must inform the [...]
