Insurance News - 31st July 2012

1. Markel increase its international Professional Indemnity Insurance team.

2. The brokers Willis open a new office with a difference in Barcelona.

3. RSA face a drop in profits because of flood claims.

4. Optional extras are becoming a major problem with the regulators after Barbons record on these sales.

5. The Gaint brokers Aon profit drop by 4%

6. Professional Insurance Agents Ltd gain more brokers wanting their Online Multiquote & Buy system for Professional Indemnity Insurance and Directors & Officers Insurance together with Commercial Insurance products and new Office insurance policies.

Insurance News - 27th July 2012

1. Professional Insurance Agents Ltd apply to obtain trading rights with several countries to sell Professional Indemnity Insurance and Directors and Officers covers via their online trading platform and their associated company Business Insurance 24 7.

2. RBS personal lines business will go our to tender.

3. Towergate are pushing to double their acquisitions, stated by their M&A Director Dan Saulter.

4. Brokers Henderson push towards increasing their GWP in the Marine and Aviation markets.

Insurance News- 23rd July 2012

1. Thomas Cook set up to sell its Insurance section of the company which could raise up to £100 million.

2. Arlington Financial Services have sold their business to Henderson Insurance Brokers.

3. Richard Watson has been appointed sales delivery manager at HCE Insurance.

4. Professional Insurance Agents return from Italy with new deal with leading Italian Brokers Gulinucci.

5. Business Insurance 24 7 get a trademark granted to protect its brand and commercial insurances like Professional Indemnity Insurance and Directors and Officers covers.

6. Hiscox appoints 3 new manages chief underwriting officer chief risk officer and head of claims.

Insurance News

1) Re-insurers more selective in writing business and may have a major impact on primary markets with big companies like Munich re stating that they would be more selective.

2) Barbon insurance group report an overall loss of £470,000 which was a considerable drop from if last years profit of 6.9 million

3) Both zurich Insurance and Mitsu are still looking to recruit

4) Aro looking to grow their business from Tonbridge base with Aro underwriting opening up new offices there

5) AXA is now committed to both brokers and the direct markets to sell their products

6) Professional Insurance Agents Ltd start new professional industry insurance department aiming at traditional professions.

7) Business Insurance 247 is to develop one of the first online multi quote and buy systems for commercial combined software packages

8) AVIVA, Beazley, WRB, Catlin and Hiscox are offering products such as Directors and Officers Insurance and office insurance together with Professional Indemnity Insurance via their own or other online quote and buy systems Ellie Hearsey

Insurance News 19th July

1) M6A bosses get sentenced for three years. Jayson Hollier and Andrew Booth were sent to prison for trading fraudulently + perjury at Warwick crown court. The underwriter agency 'Shakespeare" went Bankrupt owing insurers £2million

2) Carroll London Markets has sold out a large share holding to PSC who will now own the controlling interest

3) IF deal to buy direct lines foes through, NIG may be sold off as a separate commercial proposition

4) Business Insurance 24/7 to speak with equity houses and private investors to expand its European and worldwide online multi quote software via brokers networks specialising in Professional Indemnity and Commercial Insurance

5) RSA states that recent floods in the UK could cost them £50million

6) Barbon will change its procedures after problems with its "Homelet" Insurance products

7) Professional Insurance Agents Ltd launch 3 new schemes with leading insurers a LLP insurance for partners, a personal accident policy and a excess buy back and that can be purchased via network of its 200 brokers and from its Directors and Officers insurance and Professional Indemnity Insurance websites.

Insurance News - 18 July

1) Latest reports are that there was been a decline in attacks on shipping in and around Somali where pirates were rife

2) Juan Alberto Ve'lez Arredondo has been appointed by the Ace Group to head up Ace Lifes regional President in Latin America.

3) AXA to bring together commerical and personal lines business under leadership of Amanda Blanc

4) Business Insurance 24/7 appoint 2 new IT specialst to head up their online multiquote commericial insurance covers for Professional Indemnity Insurance and Directors & Officers Insurance for their international development.

5) Allianz get high ranking in Transparency ratings which helps the fight agaisint corruption.

6) L/V gets new broker development managers in the South Jim Ramsay

7) Professional Insurance Agents Ltd start recruiting for new Professionla Indemnity Insurance brokers and will adviertise for candidates in the South & North of England.

News 17 July

1) New property owners being offered by NIG to brokers

2) A new MGA office for Randell & Quilter has opened in Manchester

3) Mapfire share price carries on falling because of Euro Zone crisis losing 9%

4) Business Insurance 24/7 to strike new deals with Insurers in Europe, despite Euro crises. Director heads of development Ellie Hearsey & Kelly Fyfe said "this will help our brokers in the Netherlands & Italy and will be very good for business"

5) Professional Insurance Agents Ltd announce their new associates Buzs & Bee which will form part of their new advertising campaign featured on YouTube, Twitter and Facebook.

Insurance News - 16 July

1) Motor Insurance premiums still seen to be falling.

2) WR Berkely along with Willis & AON plan to build head quarters in London.

3) Recent floods see payments out by Avivia RSA & L&G.

4) Telematics sales up by 1500% in just 2 years.

5) With problem in shipping Beazley launches a combined piracy policy

6) Professional Insurance Agents Ltd launches new range of online multiquote products for office insurances and professional indeminty policies

7) Business Insurance 24/7 is to start negotioning with leading Bulgarian association for its members to supply online multiquote & buy for professional indemnity insurance and public liaiblity bulgarian SME business.

Insurance News - 13 July

Insurance News - 13 July

1) Founder director of Swift Cover Steve Hardy given 6 months gardening leave by AXA.

2) E-trading should be the way forward for brokers & insurers both on B2B & B2C systems, recent events in Wembley showed off many sponsors with companies like NI6, Ace, Acturis, AXA, MMA, Powerplace and Wizard all at the show with demos of online trading platforms and extranet systems being showed off. Business Insurance 24/7 system was and still is marketing direct to brokers and underwriters and offered free of charge.

3) Allianz has ambitions to hit a target of £1bn GWP by 2013 according to its General Manager Jon Dye.

4) Brokers and Insurers are really feeling the pressure when it comes to regulation requirement with rules from the OFT, FSA and EEC.

5) Office Insurances need to be upgraded to account for more types of Business Insurance requirements. Professional Insurance Agents & its online trading partners Business Insurance 24/7 CEO Graham Hearsey said that "Many new business now trade worldwide and unfortunatly the standard office policies do not basically cover these Businesses when trading outside the UK particullary with the liabiliteies secotrs and legal protection covers"

6) Professional Indemnity Insurance for solicitors will be starting its season very soon with leading PII brokers fighting for new markets and reduced premioums. Kelly Fyfe a directors of a leading Professional Indemnity Brokers PIA said we need to consider new areas and fresh ways of looking at solicitors Professional Indemnity Insurance.

Insurance News - 12 July

1) Business INsurance 24/7 announces a new office policy that it will launch for SME's that may well include directors and officers insurance covers and legal protection.

2) Professional Insurance Agents Ltd push forward with new contracts in France and Canada to offer financial lines products and home insurance covers via leading banks and brokers.

3) Blanc to deal relationships with regional brokers on personal lines.

4) Insurance industry awards announced by times for technology.

5) Compare the market do a deal with Churchill.

Murray Loses - 9th July 2012

A brave fight by Murray against  Roger Federer who now has won his seventh Wimbledon title.

Murray said there is no shame against losing to Federer. The fact is Murray is the first British man to reach the finals since 1938, that alone is a record to be proud of, and there is always next year.

Insurance News - 9th July 2012

1) High claims increase effect Allianz rates

2) Flood claims and property damage could be the highest insurance claim companies have received in Tysers according to ABI.

3) One of Amlin directors Christine Bosse has retired after being on the board for 4 years.

4) Professional Insurance Agents Ltd & Business Insurance 24/7 start new advertising campaign on YouTube, Facebook & Twitter which promises to be really different.

5) New players in the Professional Indemnity Insurance Markets and Directors and Officers Insurances ask for help in setting up Online MultiQuote and Buy Systems

Insurance News- 6th July 2012

- Hastings Direct back "think bike" campaign.

- Aviva has real problems with Euro zone crisis, COE states the company needs to strengthen its capital base.

- Law changes needed after court find against Zurich over fraud claim.

- Will cobra shareholder go for a 7.3 million offer and possible delisting from aim.

- Professional Insurance Agents Ltd talking with several companies about selling up its 'own mojo' using trading name Business Insurance 24 7 and specializing in Professional Indemnity Insurance Ltd and Directors and Officers Insurances.

Insurance News - 5th July 2012

Mobile Phone applications in the insurance industry? Is there a practical use for them?

Answer is yes, with the rising use of Smartphone's and tablets it is a natural progression for insurance companies and brokers to except this technology.

Several companies started to tip there toe in the water in this area, such as Chartis, and AXA although very few have mastered any meaningful application when it comes to commercial insurances and where clients are able to purchase insurances direct from there Smartphone. Professional Insurance Agents Ltd and there new trading Business Insurance 24 7 have developed one of the first insurance Apps where clients can purchase Professional Indemnity and Public Liability Insurance across all the major Smartphone's, android, blackberry and iPhone. Ellie Hearsey Director of PIA said "purchasing insurances via Smartphone's and tablets will become the norm particularly with younger directors and owners of businesses."

Insurance News - 3rd July

1) Office insurance policies and commercial combined covers may well go up in costs after recent floods have hit the UK

2) Criminal prosecutions charges need to be covered in any issued DO insurance particularly if you are working in the financial sectors industry

3) Italian and Dutch brokers are now using business insurance 24/7 software and have reported immediate responses to their marketing and advertising campaign. Which encourages clients in their countries to purchase PI insurance and DO covers? Plans to extend a full commercial range of products such as office insurance and commercial combined insurance for shop and retail businesses will be launched in the next few months.