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NIG pulls personal lines

Royal Bank of Scotland insurer NIG has outlined plans to close its personal lines division and focus solely on commercial business

Insurer | 27 Jul 2010

BOB PYBUS DIRECTOR NPA INSURANCE GROUP

News round-up: July/August 2010

A brief round up of news from the secto.

Broker | 27 Jul 2010

house

Service is key factor in picking home insurance provider

More than 12 million people are set to switch utilities or insurance provider in search of 'better service', according to research.

Broker | 26 Jul 2010

UK records surge in all-equity buyouts

FSCS has paid out over £200m in compensation

The Financial Services Compensation Scheme’s (FSCS) annual report and accounts for 2009/10 has revealed that more than £204m has been paid out in compensation...

Insurer | 22 Jul 2010

crashedcar

Three arrested in cash for crash operation

Durham Constabulary’s Serious and Organised Crime Group has arrested three men as part of an ongoing major investigation into organised criminals believed...

Insurer | 21 Jul 2010

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Bridle Insurance continues on acquisition trail

Bridle Insurance has acquired Leicestershire-based niche personal lines specialist Abbot Insurance for a six figure sum.

Broker | 21 Jul 2010

teamwork

Oak Underwriting and Westinsure strike deal

High net worth (HNW) specialist Oak Underwriting has agreed a deal with Westinsure Group to provide HNW expertise to its network of independent insurance...

Broker | 19 Jul 2010

barry smith new aug09

News analysis: Fortis snaps up Kwik Fit

Fortis has expanded with the £215m cash purchase of Glasgow-based Kwik Fit - including Express and Green Insurance - from Kwik Fit Financial Services....

Broker | 19 Jul 2010

car

Fraud pushes up motor premiums

Fraud is helping to push car insurance premiums up at their fastest-ever rate, according to the latest AA British Insurance Premium Index.

Broker | 19 Jul 2010

silhouette-in-doorway

Senior hire marks Torus' entrance into PI market

Torus Executive Risks has entered the professional lines market with the appointment of David Robinson as professional indemnity manager.

Insurer | 16 Jul 2010

flood

Fortis invests in household risk offering

Fortis has invested in a new suite of computer models from technology provider Business Insight that are designed to predict the relative risk of claims...

Insurer | 15 Jul 2010

Gio Compario Hayley Parsons

Go Compare increases annual turnover by 53%

Go Compare has made a £12m profit during the 2009 financial year following the £4m loss recorded for 2008.

Broker | 12 Jul 2010

Bill Cooper

The PB interview - Bill Cooper: Bright light in the gloom

Andrew Tjaardstra meets Bill Cooper, managing director for insurance in the financial institutions division at Lloyds TSB Corporate Markets. Despite being...

Broker | 12 Jul 2010

sea-wave

Focus - technology: Taming the tide of systems improvement

The technology ocean requires time, flexibility and planning to navigate safely and, as the aggregator model shows, there is great danger in being left...

Technology | 12 Jul 2010

royal albert hall

The British Insurance Awards 2010 - winners round up

1800 people saw Allianz become general insurer of the year at the annual British Insurance Awards.

Insurer | 08 Jul 2010

Comment

Andrew Tjaardstra editor PB

Editor's comment: Regulator change risks instability

The announcement that the Financial Services Authority is to be disbanded and replaced with a combination of regulation from......

Viewpoint

graeme-leach

Viewpoint: The tonic the economy needed

On 22 June, Chancellor George Osborne delivered his Emergency Budget. It set out a faster reduction of the deficit than was......

Agenda

Tony Cornell

Agenda: Pricing strategies

The UK commercial insurance market is worth about £15bn and there has been little change in its overall size since 2002.......

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