http://www.insurancedaily.co.uk Daily Insurance Industry News Sat, 05 Jul 2008 19:33:37 +0000 http://backend.userland.com/rss092 en Through a collaboration between E-Insurance Directory and refero, a new insurance policy tool has been brought online. Your Policy Manager allows users from the U.K. and Ireland to look over available policies from providers, as well as sign up for reminders about renewing their own policy and keeping records of ... http://www.insurancedaily.co.uk/2008/07/05/new-online-insurance-manager-launched-by-e-insurance-directory-refero/ Legal & General has conducted research which reveals that the current financial turbulence is having a serious impact on individual spending habits. The research shows that 82% of Britons are altering their home life to take account of the economic situation. Many are cutting back on going out, with 39% spending more ... http://www.insurancedaily.co.uk/2008/07/04/legal-general-research-reveals-household-financial-strain/ The first Utility Market Update, produced by Willis' Global Markets International team, has reached a number of key findings. The report has considered the implications and impact facing the global power industry given the recent market conditions. Perhaps most importantly, the update reveals that power companies seeking to make a claim ... http://www.insurancedaily.co.uk/2008/07/04/willis-power-industry-underestimating-property-values-by-30/ RBS has set the bidding deadline for RBSI, its £7 billion insurance business, as the end of this month. RBSI is the biggest motor insurer in the UK, owning Direct Line and Churchill. According to analysts, it is worth up to £8 billion, but is unlikely to sell for more ... http://www.insurancedaily.co.uk/2008/07/03/rbsi-sets-bidding-deadline-as-interest-wanes/ Heath Lambert Group has launched a new product under its Homeline Solutions brand, a policy created specifically to address specialist risk frequently rejected by other insurers. Quotes will be available for risks that fall outside mainstream categories, with examples including subsidence, flood, converted barns, people who work from home (such as ... http://www.insurancedaily.co.uk/2008/07/03/heath-lambert-launches-new-homeline-solutions-policy/ The Association of British Insurers (ABI) has released figures which show that over the course of last year, 24,000 fraudulent motor insurance claims were uncovered by insurers. The fraud was worth a total of over a quarter of a billion pounds, or £5m per week. The last three years has seen a ... http://www.insurancedaily.co.uk/2008/07/03/car-insurance-fraud-worth-5m-per-week/ Willis Group Holdings Limited has been granted the approval of the US Federal Trade Commission to acquire Hilb Rogal & Hobbs with a shortened waiting period, under the provisions of the Hart-Scott-Rodino Antitrust Improvements Act. Willis announced its intention to combine both firms back on 8 June, a deal which is ... http://www.insurancedaily.co.uk/2008/07/03/willis-deal-with-hrh-given-go-ahead/ Aon Risk Services has announced the appointment of Laura Novak to its Washington office, where she will work as an originator. Novak's appointment is made to expand the range of services available to clients in the real estate sector. She joined Aon on 2 June, and brings with her more than two ... http://www.insurancedaily.co.uk/2008/07/03/aon-risk-services-appoints-novak-to-washington/ Iain Brown and Shirley Sutcliffe have been appointed by Marsh as senior placement brokers in its Manchester National Marine Broking Centre (NMBC). Brown joins from broker Abbott & Bramwell, and earlier in his career served Aon as a marine account director, bringing over 30 years of experience to Marsh. Sutcliffe leaves behind ... http://www.insurancedaily.co.uk/2008/07/02/marsh-bolsters-manchester-marine-team/ Ernst & Young has announced the appointment of Bill Schlich as leader of the firm's Global Banking & Capital Markets Practice. Schlich brings more than two decades of industry experience to his new role, which will make him responsible for the supervision of 14,000 financial services professionals involved in the firm's ... http://www.insurancedaily.co.uk/2008/07/02/ernst-young-appoint-schlich-global-banking-chief/