JLT Specialty says it is receiving growing interest in its EPIC (Earnings and Product Integrity Cover) product. The non-damage business interruption policy has been developed by Life Science industry experts to mitigate the financial impact of a range of risks. According to the broker, these risks can significantly damage company revenue streams and market share [...]
Argent Liability Adjusters is expanding its major loss capability in response to increasing client and market demand. Rowena Byrne-Jones becomes head, and Lee Staunton director, of a new complex and speciality loss practice. Ms Byrne-Jones, a director at Argent, has extensive experience in major and complex losses for composite insurers, Lloyd’s Underwriters and captives, alongside [...]
Acromas Insurance Company Limited, previously known as Saga motor insurance, has secured a landmark triumph against fraud as a couple who attempted to file a large fraudulent insurance claim have been found guilty of contempt of court. Graham and Susan Loveday attempted to claim for serious personal injury after a traffic incident, but were found [...]
Open GI has been selected by specialist motor broker The A&A Group as a strategic technology partner for its new bespoke e-commerce solution. Open GI’s Hosted eQuote, a flexible e-commerce solution, was picked by the Middlesex-based broker for the branded van scheme My Van Quote.com and motor brand My Motor Quote.com. A&A will be able [...]
British bike insurer Bennetts has announced the bolstering of its e-commerce team with a brace of senior appointments. Emma Warren-Rea has been appointed senior e-commerce manager, and Matt Douglas, e-commerce manager, will report to her directly. The team will spearhead the firm’s new e-commerce initiatives by carefully managing the numerous online channels that deliver substantial [...]
The Department for Work and Pensions (DWP) has issued draft regulations on the workplace pension reforms that come into force next year. New legislation requires employers to enrol workers in a pension scheme and contribute into it from 2012 and the DWP’s latest amendments should make it easier for employers to understand and fulfil their [...]
Consumer Focus has highlighted “serious problems” in the Individual Personal Pensions (IPP) market and written to the Financial Services Authority (FSA) asking that further action be taken to tackle consumer detriment in the market. In a recent study the watchdog identified three major issues as follows: Some consumers are being advised to switch to different [...]
The Law Society has reported that more firms had difficulty renewing their professional indemnity insurance (PII) in 2010 than a year earlier, and more reported an increase in premiums. The Society’s research reveals that 63.5% reported no renewal difficulties in 2010, compared to a trouble free 79% in 2009, while 69.3% experienced a premium increase, [...]
Marsh has formed a global claims practice in a move aimed at better supporting clients with claims worldwide. David Pigot, head of claims for the intermediary’s international division and EMEA region, has been named global head of claims and will lead the new practice from London. Mr Pigot joined Marsh in 2004 and has more [...]
International insurer and reinsurer Brit Insurance has announced the formation of a new partnership with Infosys to provide numerous back and mid office services. The transfer of non-customer facing operational and IT activities to Infosys will begin quickly, with some moving as early as Autumn 2011. Brit Insurance Group Operating Officer Malcolm Beane welcomed the [...]
Equity Direct Broking has been chosen by Silverstone Circuit to administer its classic car and bike insurance schemes. The deal marks a first for the broker in the motorsport and leisure affinities sector, as well as Silverstone’s opening foray into personal lines insurance provision. Equity will offer fully branded “Silverstone Insurance” to an existing customer [...]
SSP has reported a “significant uplift” in IT expenditure among insurers, as they shift their focus from cost containment to innovation and growth. According to the insurance technology specialist, strong competition in personal lines and commercial lines markets are making pricing flexibility, product design and the ability to handle multiple distribution channels increasingly important. Firms [...]
Rural Insurance has reported record monthly new business figures for the last four months, achieving nearly £1 million in new business GWP. The figure is up almost 140% on the same period of 2010 and the firm’s managing director, Simon Stevens, who joined the Harrogate-based business in March, says results to date have been driven [...]
Legal & General has appointed Ian Foster to the newly created role of development director of its Workplace Savings unit. Having previously worked for Legal & General and more recently widened his experience with Xafinity Consulting and Friends Life, Mr Foster will focus on direct enquiries from the corporate market, reporting to Helen Buchanan, the [...]
Despite the difficult economic times 41% of Britons are saving as much, or even more, over the last year as they did in the previous 12 months, according to new research from Standard Life. The younger generation (25 to 34 year olds) were likeliest to keep up with saving, with just over half (51%) putting [...]
MMA Insurance has announced a raft of promotions and appointments to bolsters its commercial underwriting team ahead of a new push to expand its presence in the UK commercial lines market. Brian Johnston joins the Glasgow Regional Underwriting Team as senior regional underwriter after demonstrating substantial ability in developing Scottish business. Sally Chamberlain has been [...]
XL Insurance has announced a number of appointments within its International Property business, including Ralf Brunner’s appointment to the role of property and underwriting manager for Germany and Switzerland. Brunner, who is to be based in Munich, will be directly responsible to Uwe Kutschera, who is presently property underwriting manager for Germany. As part of [...]
International general insurance and reinsurance group Brit Insurance has announced the establishment of a new team dedicated to providing property investors with insurance. Kevin Simmons has been named as the team leader and his team will consist of underwriters from Brit’s present operations in London and the wider country. Simmons brings three decades of insurance [...]
