- Shakir Javid and Arijed Malik Iqbal were both jailed for making thousands
of pounds through there orchestration of car crashes and submitting false credit
hire claims.
- Professional Indemnity Insurance claims may now be dealt with using a
claims handling service offering those clients who have a claim made against
them dealt with at speed and where necessary appointing a solicitor quickly.
Graham Hearsey CEO of Professional Insurance Agents said we have seen claims
increase a small amount but where they become time consuming for PII brokers is
where the claimant is complaining about fees rather than their being any neglect
by the consultant. This can often be resolved quickly by using a claims handling
company.
- Willis appoints Wemyss to head up their Middle East, Africa and
Central/Eastern Europe division.
- Marsh set-up a new UK corporate division headed up by Joe Grogan.
Wednesday, 6 March 2013
Thursday, 17 January 2013
Insurance News - 17th January 2013
- AIG is the insurer of
the helicopter that crashed in London on Wednesday, resulting in the death of
two people and injuries to a further 13.
- Gibraltar based
insurer De Vert Insurance has gone bust, with the police undertaken an
investigation amid fraud accusations. De Vert is the third insurer in Gibraltar to go
bust in the past nine months.
- Professional Insurance Agents is participating a conference in Latvia attended by brokers from a wide
range of Eastern European countries. The organisation will lead a session on
e-trading and present its market leading quote and buy solution.
Monday, 14 January 2013
Insurance News 4th Jan 2013
PwC estimates that insurers will face claims totaling £1bn as a result of the 2012 floods, with premiums rising by as much as 50% in the worst affected areas.
A recent technology has concluded that the majority
of insurance brokers are not well versed on the merits and trading importance of
the internet and are failing to reap the benefits an on-line capability can
provide.
Professional Insurance Agents has confirmed the
appointment of Tim Grant as Interim Chief Operating Officer. Grant has held
senior management roles at DUAL Corporate Risks, Brit Insurance and AIG and will
assist the business in the development of both its UK and overseas
proposition.
Friday, 11 January 2013
Insurance Times - 11th January 2013
- R&Q are on the move again with yet another purchase
and buys a Isle of Man Capture Hickson.
- Professional Insurance Agents key development directors Kelly Fyfe and Ellie Hearsey fly out to Riga next week to negotiate Online Multiquote and Buy platforms with 7 different Eastern European countries. The platform will offer mainly Commercial Lines insurances such as Professional Indemnity Insurance, Directors and Officers Insurance and Commercial Combined covers but are adaptable for domestic insurances such as car, home and travel.
- With the recent piracy by Somalians the last thing the insurance industry wanted was another area where piracy caused problems but according to recent figures Nigeria has now become a higher risk area.
- The broker Beaumont's has now received chartered status from the CII.
- AXA has recently topped the list of the worlds biggest insurer.
- Business Insurance 24 7 has negotiated a deal to sell Office and Shop Insurance from 2 leading suppliers on its online Multiquote and Buy platform.
- Professional Insurance Agents key development directors Kelly Fyfe and Ellie Hearsey fly out to Riga next week to negotiate Online Multiquote and Buy platforms with 7 different Eastern European countries. The platform will offer mainly Commercial Lines insurances such as Professional Indemnity Insurance, Directors and Officers Insurance and Commercial Combined covers but are adaptable for domestic insurances such as car, home and travel.
- With the recent piracy by Somalians the last thing the insurance industry wanted was another area where piracy caused problems but according to recent figures Nigeria has now become a higher risk area.
- The broker Beaumont's has now received chartered status from the CII.
- AXA has recently topped the list of the worlds biggest insurer.
- Business Insurance 24 7 has negotiated a deal to sell Office and Shop Insurance from 2 leading suppliers on its online Multiquote and Buy platform.
Wednesday, 9 January 2013
PIA Look Towards USA - 9th January 2013
- Professional Insurance Agents Ltd are looking towards new markets in the
USA and have been in talks with 2 brokers n New York and Boston to launch
several Financial Lines products such as errors and omissions (Professional Indemnity Insurance).
- The recent fires in Australia have seen claims starting to come into the insurance industry with the Australian trade body saying over 500 claims already add up to $51 million.
- The unbelievable move by AIG to consider saving the US government because of what they say may have been a unconstitutional bail out has stunned the Insurance Industry and the general public.
- Ageas appoint new Boss Andy Watson as UK CEO. The word on the street is that the new CEO will have to build relationships with their brokers.
- Nexus brings in new Lloyds underwriters and has added Marketform Syndicate 2468 and Sagicor Syndicate 1206.
- Business Insurance 24 7 make offer to buy several online software providers specialising in Professional Indemnity and Directors and Officers Insurance.
- The recent fires in Australia have seen claims starting to come into the insurance industry with the Australian trade body saying over 500 claims already add up to $51 million.
- The unbelievable move by AIG to consider saving the US government because of what they say may have been a unconstitutional bail out has stunned the Insurance Industry and the general public.
- Ageas appoint new Boss Andy Watson as UK CEO. The word on the street is that the new CEO will have to build relationships with their brokers.
- Nexus brings in new Lloyds underwriters and has added Marketform Syndicate 2468 and Sagicor Syndicate 1206.
- Business Insurance 24 7 make offer to buy several online software providers specialising in Professional Indemnity and Directors and Officers Insurance.
Tuesday, 8 January 2013
Insurance Times - 8th January 2013
- Henderson's lose their broking director to Eastwood who hired Gordon Brain a their Commercial Manager. At the same time Eastwppd according to papers filed at the High Court is being sued by Romero Insurance Brokers for an alleged breach of contract together with Andrew Templeton.
- Ruth Polyblank is being promoted by Ace to customer strategy.
- A cleaning contractor 'crown deep clean' is being sued by AXA who suggest that the contractor dreaded its contract causing a hotel fire to spread.
- Professional Insurance Agents Ltd appoint a new consultant to help them with their International trading and UK Multiquote and Buy platform expansion concentrating on Commercial Lines such as Professional Indemnity Insurance, Office policies and Directors and Officers Insurance.
- Business Insurance 24 7 add new products to its online Multiquote and Buy portfolio with a (PA) Personal Accident scheme and Business Travel Insurance.
- Ruth Polyblank is being promoted by Ace to customer strategy.
- A cleaning contractor 'crown deep clean' is being sued by AXA who suggest that the contractor dreaded its contract causing a hotel fire to spread.
- Professional Insurance Agents Ltd appoint a new consultant to help them with their International trading and UK Multiquote and Buy platform expansion concentrating on Commercial Lines such as Professional Indemnity Insurance, Office policies and Directors and Officers Insurance.
- Business Insurance 24 7 add new products to its online Multiquote and Buy portfolio with a (PA) Personal Accident scheme and Business Travel Insurance.
Friday, 4 January 2013
First Hand Transplant in The UK - 4th January 2013
The very first hand
transplant in the UK has taken place on a former pub landlord from West
Yorkshire.
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