Standard Life is repositioning its brand and has refreshed its logo. According to the life and pension’s provider, the group will be launching several new propositions during 2011, alongside an enhanced “adviserzone” and employee wealth benefits platform, which should be available to intermediaries by the end of March. The repositioning will be accompanied by a [...]
Crawford & Company has reported its financial results for the quarter and year ended 31 December 2010. Attributable net income in the fourth quarter was $14.8m, up by 67% from Q4 2009′s $8.9m and more than 10% higher than the Q3 net income of $13m. Diluted earnings per share increased by 65% from $0.17 to [...]
Specialist affinity scheme provider Heath Lambert Insurance Services has extended its partnership with The Stroke Association to provide stroke survivors, their families, carers and supporters with a new suite of travel products. The Association’s supporters will be able to take advantage of two levels of coverage, either gold or platinum, both of which cover all [...]
Brit Insurance is expanding its Combined Property and Packages London team with the appointment of Stuart Wolstenholme as Property and Packages underwriter. Mr Wolstenholme takes up his new role immediately, reporting to Amanda Doran, the team’s underwriting manager, and working closely with brokers to develop and refine the group’s portfolio in this area. He joins [...]
The British Insurance Brokers’ Association (BIBA) has joined forces with Broking Now!, the insurance broker omnibus research panel from FWD Marketing. The panel, which consists of a wide-range of business placing brokers, aims to provide a voice to the broking sector through independent research. BIBA will use its research to support lobbying campaigns and in [...]
Beazley is establishing an environmental risks underwriting capability at Lloyd’s, which will be headed by Nicholas Pearson, a senior member of the specialist insurer’s global environmental risks team. Mr Pearson has over a decade of experience in the sector, as both a consultant and an underwriter, and in his new role will focus on fixed-site [...]
Willis Group and Atlas Insurance PCC (Protected Cell Company) are claiming an industry first in their use of PCC technology to underwrite UK statutory motor liability, from Malta. The two have established a new insurance structure to cover the entire UK fleet liability of online supermarket, Ocado, which is a Willis client. The Ocado cell [...]
Marsh has formed an alliance with Maplecroft, the risk analysis and mapping firm, to offer clients new tools in analysing and monitoring crucial political, economic, social and environmental risks. The companies are hopeful that the combination of Maplecroft’s resources (which include maps, indices, scorecards and in-depth reports) with Marsh’s research tools and analytics will give [...]
Aon Corporation has reported its results for the full-year 2010 and Q4, including quarterly net attributable income of $231m, a 17% rise, equating to $0.67 per share. This is up from the Q4 2009 figure of $198 million ($0.69 per share), and is substantially higher than the Q3 2010 net income of $144m. Quarterly total [...]
Airclaims has enlarged its global network with the announcement that it is opening a new office in Johannesburg, South Africa. Leading the firm’s South African endeavours is newly appointed country manager Jaco van der Merwe. Van der Merwe joins Airclaims from Atlas Air Worldwide, Dubai, where has was tasked with supervision of the maintenance programme [...]
The Lloyd’s Market Association (LMA) says the situation in Egypt is being monitored by underwriters and their security advisers. The body, which represents the interests of the Lloyd’s underwriting community, has commented as follows: “On the marine side this is because of possible risks to ships transiting the Suez Canal, which is one of the [...]
The Government has confirmed that it is pressing ahead with reforms to ATOL (Air Travel Organisers’ Licensing), which should ensure that around six million more holidays are covered by the scheme. Aviation Minister, Theresa Villiers, has outlined a series of changes which should be implemented by the end of the year, and will: Extend protection [...]
The Law Society is inviting members and stakeholders to consider a replacement to its Assigned Risk Pool (ARP), which is intended for solicitors unable to secure Professional Indemnity Insurance (PII). One alternative put forward by the Society would mean legal practices unable to find PII cover in the open market are given a minimum of [...]
Based on preliminary estimates, Munich Re has reported a consolidated result of €2.43 billion for 2010 (2009: €2.56 billion), despite substantial major losses. Profit for the fourth quarter totalled €0.48 billion (€0.78 billion) but the group is raising its dividend to €6.25 (€5.75) per share, while announcing a further share buy-back programme. Munich Re chief [...]
Beazley, the specialist insurer, and HealthPlan Services (HPS) have announced that the two firms are entering into a strategic partnership. Under the terms of the agreement Beazley’s accident and health insurance customers will benefit from comprehensive business process services provided by HPS. HPS will administer a comprehensive range of services, such as sales, case level [...]
Hiscox, the specialist small business insurer, has commissioned research which reveals that three-quarters of SMEs are not completely confident that their premises are safe from thieves. A further 22% are concerned about e-risks and cyber crime, with 38% believing that, since the start of the financial downturn, their offices are more likely to be the [...]
Risk Decisions has reported that its Enterprise Risk Management software, Predict!, is to be used by the company building an 11 mile fixed link between Denmark and Germany. Construction of the Fehmarnbelt link, which will stretch between Rødbyhavn in Denmark and Puttgarden in Germany, is expected to begin in 2014, with completion scheduled for 2020. [...]
House-swapping as an alternative to the traditional family holiday looks set to take off this year, according to new research from Lloyds TSB Insurance. A recent study suggests that 1.6 million Britons have arranged a house swap in 2011, twice the number estimated for 2010. However, Lloyd’s suggests that proper planning is needed, particularly in [...]
