Advanced Checking Services Ltd (ACS) has announced that its Board of Directors has been enlarged with the addition of Adrian Parry. Parry was formerly managing director and managing partner of Direct Choice, prior to its acquisition by the AA. Since then he joined Hastings Direct when it acquired Renew Insurance Services Ltd, and retains his [...]
ARAG Legal Services enjoyed a good night at The Personal Injury Awards 2009, scooping the prize for being named ATE Insurance Provider of the Year. The London Marriott Hotel in Grosvenor Square was the secene of ARAG’s triumph, where The Personal Injury Awards paid tribute to excellence. ARAG’s award was given for offerings to the [...]
UK risk and insurance firm Aon Limited has announced the appointment of Simon Allen as chief operating officer. Allen, whose appointment requires FSA approval, also acquires a seat on the Aon Limited board and brings with him extensive industry experience. Prior to joining Aon he worked for Prudential as chief operations officer, and earlier worked [...]
Aon Corporation has announced it has extended the contract of the firm’s president and CEO. Gregory C. Case, who was due to have his contract up for renewal next year, will now stay on until 2015. Lester B. Knight, non-executive chairman, has praised Case’s running of the firm and said that Aon is well-placed to [...]
Towergate Risk Solutions has named Allianz and RBS-owned NIG as the top performing insurers servicing its broking operations. The research, conducted among the group’s 100 plus broking offices, rates insurer performance when dealing with: quotations; renewals; policy documentation; mid term adjustments; claims and general service. The key findings of the Q3 2009 survey revealed that: [...]
ProtectMyHoliday.com is warning travellers to be cautious about Christmas holiday arrangement as the travel industry continues to face large losses. According to the travel failure specialist, the International Air Transport Association recently predicted that the global airline industry will make a cumulative loss of €11 billion this year, a steep increase on the €9 billion [...]
Halifax is the nation’s capital of business crime, according to new crime statistics from AXA. The figures place Wolverhampton as the worst area for theft, with arsonists preferring Kilmarnock. Regionally, Greater London was the worst area of the country for crime, followed by Yorkshire & the Humber. The only Scottish postcode area in the top [...]
e-commerce software provider, Mi Limited, has delivered a new online Point of Sale system for Paymentshield. The system will support the administration of the latter’s Sesame Insure IFA network offering, which includes household and landlord’s insurance. Powered by Mi Trader technology, the facility provides multi-party access for Paymentshield administrators and Sesame’s 600 plus IFAs, while [...]
1 Answer Network has struck a deal that gives its members exclusive rates and services from Towergate. Under the agreement, the network’s brokers can access Towergate’s “Quote and Buy Online” service which offers a wide range of personal and commercial insurance. Products can be accessed and purchased directly using a “click-through” option on 1 Answer’s [...]
Sainsbury’s Finance estimates that the annual cost of running a car has increased by around 11% when compared to 2007, with insurance the most significant element in the rise. According to the research, the typical cost of insuring a car rose 13% in the 12 months to October 2009, having increased 23% since 2007, taking [...]
Equity Insurance Group has announced the appointment of Andrew Gibson as the firm’s new chief financial officer. Gibson formerly served as chief executive officer at Highway, the personal lines insurer, until it was acquired by LV=. He will replace the present chief financial officer, Richard Brewster, who is stepping down from the position to focus [...]
Specialist marine underwriting agency, Galatea, has rebranded as Travelers Underwriting Agency Limited. The move follows Galatea’s acquisition by US-based Travelers in 2007 and reflects the overall success of the integration process. It should also help the business benefit from the parent company’s well-established brand. Commenting on the change, Travelers’ spokesman Mark Clifford said: “This allows [...]
The University of Wales has conducted its annual survey which reveals that Moorhouse, the commercial broker, is the fastest growing broker in Wales. The 2009 Fast Growth 50 surveyed 200,000 Welsh firms, and included Moorhouse (the only featured insurance broker on the list) for the fourth time. From 2006 to 2008 the firm more than [...]
APC, the commercial insurance underwriting agency, has hired Andrew Coleman to lead the firm’s entry into the online UK directors and officers market. He joins the firm as D&O underwriter, and brings with him decades of experience of both underwriting and broking in the US and UK. Coleman leaves behind the Navigators Syndicate at Lloyd’s [...]
Travel insurance specialist Voyager has said that holidaymakers are increasingly turning to financial protection insurance, after a number of high profile budget airline collapses and other failures in the industry. Over the last year 32 airlines have failed, according to Voyager, with more facing bankruptcy. As a result of this, Voyager’s WEBroker travel insurance product [...]
John Holmes has been named by Liberty International Underwriters Europe (LIU Europe) as senior regional underwriter for Professional Indemnity (PI). Holmes’ appointment has been made to help bolster the firm’s PI presence in Scotland and the north of England. He will be based in Manchester, and will provide technical support to brokers, in addition to [...]
Moneysupermarket.com has reported that insurance revenues increased 5% in the third quarter of 2009, compared to a year earlier. The result was also more than 15% ahead of the quarterly rate in the first six months of the year. Motor insurance revenues returned to growth, having declined over the first half of 2009, and home [...]
Many young motorists struggle to understand why car insurance is important, an industry expert has claimed. Young drivers feel ripped-off by car insurance firms because it is cheaper to be fined for not being insured than to pay for insurance, said Nigel Lacy of car insurance scheme Young Marmalade. Teenage drivers can find themselves paying [...]
Junction, the insurance affinity specialist, has announced the appointment of Colin Graham as the firm’s new business development director. Graham leaves behind Barclaycard, where he served as head of Corporate Development and Business Strategy for Barclaycard US, to join Junction. In his new job he will an important rule in the broadening of the firm’s [...]
Groupama Insurances has announced the appointment of José Morago as the firm’s new chief risk officer. Morago will report directly to Groupama’s chief executive officer, François-Xavier Boisseau. He brings with him over a decade of experience in the financial sector, and joins the firm from McKinsey & Company where he served as an expert in [...]
