Recently established high street broker NMJ Insurance Brokers has chosen the Open GI system to bolster its business. The decision comes following a software house review and sees the branch-based broking network sign up to the Open GI platform for at least four years. NMJ will benefit from Open GI’s quote engines, real-time intelligence tool [...]
Travelers has put together a new underwriting team based at its new Scottish regional office, in Glasgow’s financial district. According to the group’s assistant general manager sales and distribution, Mike Bridge, all those recruited have long and established careers within the industry, with over 90 years’ experience between them. The appointees have also been selected [...]
A charity that helps people with disability find work is suggesting that the introduction of the Government’s “fit note” scheme in April could provide an opportunity for insurers. Under the scheme, which aims to cut the cost of sick leave by around £240 million over the next 10 years, GPs will assess whether an employee [...]
Forths Forensic Accountants has opened a new office in Leeds to accommodate its increasing operations. The firm, which is a leading supplier of forensic accountancy services to UK insurance firms, will be opening its second office in Leeds in Tower Court, occupying a grade 2 listed Victorian building. In addition to its Leeds headquarters Forths [...]
The ABI (Association of British Insurers) has urged Chancellor Alistair Darling not to do anything in the Budget that damages savers. The call comes after research commissioned by the ABI shows that over half of Britons have lost faith in the benefits of saving over the course of the last year. Recently, changes to higher [...]
Global risk and reinsurance specialist Guy Carpenter & Company, LLC has announced the appointment of Victoria Carter as vice chairman of Guy Carpenter International. She brings over three decades of experience in the reinsurance industry to her new role, and was the first female founder of a Lloyd’s intermediary. Carter most recently worked for Towers [...]
Insurance4carrental.com has now added Insurance4vanrental.com as a specialist category. Since the latter half of last year insurance4carrental.com has been advertising van hire excess on behalf of Towergate Underwriting Group. Earlier this month the website updated its van hire excess insurance page following the going live of Towergate’s new product. Philip Suter of jml Insurance (which [...]
Manson Insurance Group has announced it is relocating to the heart of the Mancunian business distract, to Kabel House, 15 Quay Street. The insurance brokerage, which is part of Jelf Group plc, is moving all of its 100 employees the larger premises, which are fully refurbished and cover a total of 15,000 square feet. The [...]
A new study published by Keoghs claims that motor insurance fraud is affecting more of England’s most densely populated areas than ever before. The law firm’s 2010 Motor Fraud Index builds on similar studies published in 2008 and 2009 and highlights the cities and regions where the highest numbers of suspicious motor claims are made. [...]
Bupa is providing up to £15,000 of cover for oral cancer under its new Dental Plan, which will be available from April and can be paid for either by employers, or offered as an employee-paid voluntary benefit. The health care specialist claims this level of cover is the highest in the market and points out [...]
Marsh is predicting an increase in Initial Public Offerings (IPOs) in the months ahead, fuelling demand for management liability insurance. The broker is basing its forecast on the early signs of economic recovery and the introduction of new rules for UK firms listing on the London Stock Exchange (LSE). In April, new “lighter-touch” rules for [...]
Hauliers stand to benefit from the collaboration of Bradford-based National Breakdown and Halifax firm Donald Insurance which have teamed up to provide a nationwide commercial solution to HGV and fleet owners. Their combined fleet and HGV insurance is a single policy under which goods in transit, property, liability and breakdown coverage is all provided. It [...]
Bupa has stated it will now grant group critical illness claimants (and their families) access to independent and confidential advice, guidance and medical information. The enhanced feature comes at no increase in premium cost. The Best Doctors® service includes a database 50,000 medical professionals strong, and will provide independent and expert medical assessments of conditions. [...]
Worldwide business property insurer FM Global has announced its 2009 financial results, including a robust underwriting performance and above average investment portfolio return. Gross premium in force rose by 5.6% to $4.7bn, with net income recorded at $840m. A combination of good underwriting and investment performance saw policyholder surplus increase to $6.3bn, a rise of [...]
Aviva has broken into a new market with the acquisition of a 60% stake in PT Asuransi Winterthur Life Indonesia (WLI). According to the insurer, Indonesia is one of the fastest growing life insurance markets in Asia, and the acquisition is consistent with the its long-term strategy to build a presence in key South East [...]
Wesleyan Assurance Society, the financial services specialist for professionals, has announced that it enjoyed a good year in 2009 and released its financial performance figures for that year. The firm saw new business sales rise by 11%, with ISA and unit trust sales up 59% and income protection product sales rising by 36%. Wesleyan also [...]
Specialist independent insurance and reinsurance broker Miller has announced the appointment of global facultative reinsurance specialist Neil Higgins. Higgins brings with him decades of experience in the insurance sector, and extensive expertise in international property reinsurance. He joins Miller from Newman, Martin and Buchan LLP, leaving behind his erstwhile role as a director of the [...]
Specialist insurance provider to the Buy-to-Let industry Leaseguard has unveiled its new and improve website (www.leaseguard.co.uk). The site has been updated with a new look and fresh content representing the Leaseguard Specialist Approach to Insurance and providing browsers with current information regarding the firm’s products and services. It has been redesigned for ease of navigation [...]
Cornish Mutual, the only general insurance firm based in the South West, has described 2009 as a challenging but profitable year. The firm, which is holding its AGM in a week’s time, saw written premiums rise by 2.4% to £15.2m with a technical surplus of £303,918, despite the ongoing difficulties in the economy and prolonged [...]
