Friday, 28 September 2012
Todays Insurance News - 28th September 2012
- Dene Smith appointed by Towergate to build relationships with its networks, broker network and country wide.
- Referrals of private motor insurance by the OFT to the competition commission could cause a large premium increase on motor insurances.
- Professional Insurance Agents Ltd offer shares in Business Insurance 24 7 who issue there online Quote & Buy Multiquote software to brokers and underwriters although the company specialises in Professional Indemnity Insurance and Directors & Officers Insurances, the software also has over 15 other classes of insurances such as Office Insurance, Commercial Combined and Public and Employers Liability Insurances.
- Gibraltar based insurer Lemma Europe Insurance has suspended claims payments by order of the Gibraltar regulator (FSC
Thursday, 27 September 2012
Spain May be Requesting Bailout - 27th September 2012
With Spain's borrowing costs back to very high levels speculation that Spain
will need a bailout, Prime Minister Mariano Rajoy suggested at a press meeting
that if current borrowing costs remain too high for too long then Spain would
need to have help and a bailout.
With a deeper recession and out put down the country is in a very bad condition.
The capital Madrid is out living austerity measures with savings, reforms and higher taxes this all comes when anti-austerity protests in the capital have seen a second night of violent protestors.
With a deeper recession and out put down the country is in a very bad condition.
The capital Madrid is out living austerity measures with savings, reforms and higher taxes this all comes when anti-austerity protests in the capital have seen a second night of violent protestors.
Todays Insurance News - 27th September 2012
- Aviva sells its shares in Sri Lanka TV for £31 million to American International Insurance.
- Lumley Jacobs strikes another deal with Carole Nash to provide forensic coding for motorbike users in Ireland.
- FSA cold fine brokers including chartered broker for not having clear FSA statements or links to statements on their websites.
- Professional Insurance Agents Ltd looking to obtain new London Offices in Lime Street to be closer to the London market and while expanding their financial line product ranges online in the UK and international particularly ion the Professional Indemnity Insurance and Directors and Officers insurance areas.
- Swinton group paid its sacked directors 1.2 million in connection with their sacking which is shown in the latest accounts.
Tuesday, 25 September 2012
Insurance News - 25th September 2012
-AXA get the title for the most complaints in 2012 above RSA and Aviva. They received 557 new complaints with RSA getting 412 and Aviva reaching a total of 435 general insurance complaints so far this year.
-Online sales are down for Brightside and has moved to drop both Aviva and Southern Rock as their sole underwriters for van and home insurance. One of the reasons was because the pricing of these products had become uncompetitive.
-Towergate try to strike a deal with Norwich and Peterborough Insurance brokers (NPIB) where the estimated purchase price maybe in the reigion of £8m plus.
-Professional Insurance Agents Ltd are set to consider the purchase of 3 professional indemnity brokers or a possible merge between the parties.
-Masson, the new boss of Swiftcover needs to consider how to bring the company back to profit after posting a £10.7m loss last year.
-Business Insurance 247 is to undergo a new branding bringing its many dedicated websites such as professional insurance and directors and officers insurance inline with the marketing drive. BI247 is 100% owned by professional insurance agents ltd.
-Online sales are down for Brightside and has moved to drop both Aviva and Southern Rock as their sole underwriters for van and home insurance. One of the reasons was because the pricing of these products had become uncompetitive.
-Towergate try to strike a deal with Norwich and Peterborough Insurance brokers (NPIB) where the estimated purchase price maybe in the reigion of £8m plus.
-Professional Insurance Agents Ltd are set to consider the purchase of 3 professional indemnity brokers or a possible merge between the parties.
-Masson, the new boss of Swiftcover needs to consider how to bring the company back to profit after posting a £10.7m loss last year.
-Business Insurance 247 is to undergo a new branding bringing its many dedicated websites such as professional insurance and directors and officers insurance inline with the marketing drive. BI247 is 100% owned by professional insurance agents ltd.
Tuesday, 18 September 2012
Insurance News - 18th September 2012
- A £10.7 loss is reported by swift cover despite its book growing by 54%
- Evolution underwriting agency get a deal from Lloyds insurer Beazley to provide UK Professional Indemnity Insurance.
- Hastings direct on the job hunt again. Hastings Direct may well be looking for another 200 staff to help with their expansion.
- Professional Insurance Agents Ltd report high interest from solicitors this year for Professional Indemnity Insurance covers and office insurance products to include Public and Employers Liability Insurances.
- QBE agrees a deal with Vienna Insurance group to sell 65% shares.
Monday, 17 September 2012
Insurance News Update - 17th September 2012
- Quote & Buy system CETA to add new products to panel.
- FSA fine rogue broker after it found no proper controls in place it also decided to ban them from trading.
- 'Your cover' the new Allianz direct brand has appointed Jon Lott to head up the direct trading it intends to offer.
- Professional Insurance Agents Ltd complete another important distribution deal with French and Eastern European brokers offer Professional Indemnity Insurance and Directors and Officers Insurance via their new multiquote and buy system.
- Ageas get a deal with John Lewis to offer Travel Insurance products for them.
- Business Insurance 24 7 take on IT staff to help with its insurance software expansion into Multiquote & Buy system for brokers and underwriters.
- FSA fine rogue broker after it found no proper controls in place it also decided to ban them from trading.
- 'Your cover' the new Allianz direct brand has appointed Jon Lott to head up the direct trading it intends to offer.
- Professional Insurance Agents Ltd complete another important distribution deal with French and Eastern European brokers offer Professional Indemnity Insurance and Directors and Officers Insurance via their new multiquote and buy system.
- Ageas get a deal with John Lewis to offer Travel Insurance products for them.
- Business Insurance 24 7 take on IT staff to help with its insurance software expansion into Multiquote & Buy system for brokers and underwriters.
Thursday, 13 September 2012
The Mystery of Richard III - 13th September 2012
Richard III was killed in the battle of Bosworth and no one quite knew where his remains ended up, however, it seems that evidence that his remains may have been found in a council car park, archaeologists searching for the plantagenet king say they have found the remains of a high status man that indicate the same wounds that killed Richard III have been shown to be the same as recorded and found on the skeleton.
Apple Does it Again! - 13th September 2012
Apple bring out Iphone5 described by Steve Jobs company as "the most beautiful" phone we have ever made and will be faster and more powerful than other phones
Obama Sends Warships - 13th September 2012
Warships sent by Obama after the US have their ambassador killed, 2 warships were on their way to the Libyan coast, there have been reports that's a safe house near the consulate in Libya had also been attacked and several USA citizens have been injured
Insurance News - 13th September 2012
Professional Insurance agents Limited meet in London today to discuss 4 new schemes for Professional Indemnity Insurance for USA/Canada, the CEO Graham Hearsey said. These negotiations are critical for our expansion internationally for online quote and buy.
Wednesday, 12 September 2012
Insurance News - 12th September 2012
1. FSA, Financial Services Authority fines Black Rock £9.5 million for failures to properly ring-fence client money deposits.
After investigation by the FSA it was suggested that up to £1.3 billion of client money could have been lost.
2. Many businesses including in the insurance industry have been refused business loans that have been applied for over the last 12 months. Brokers reported that expansion loans were very hard to come by at present.
3. Many insurance companies who are offering solicitors professional indemnity insurance are looking to give 2 year covers to the profession as the break up of the ARP comes into force in 2013.
4. Professional Insurance Agents CEO, Graham Hearsey said he welcomes the idea of insurers offering PI Insurance over a 2 year period and suggests this could be extended to other classes also.
After investigation by the FSA it was suggested that up to £1.3 billion of client money could have been lost.
2. Many businesses including in the insurance industry have been refused business loans that have been applied for over the last 12 months. Brokers reported that expansion loans were very hard to come by at present.
3. Many insurance companies who are offering solicitors professional indemnity insurance are looking to give 2 year covers to the profession as the break up of the ARP comes into force in 2013.
4. Professional Insurance Agents CEO, Graham Hearsey said he welcomes the idea of insurers offering PI Insurance over a 2 year period and suggests this could be extended to other classes also.
Eurozone - 12th September 2012
Eurozone is in crisis again. A court in Germany is about to give it's discussion on whether to support bailouts in the Eurozone.
A constitutional court in Karlsruhe are more likely to give their verdict that certain rules will have to be out in place regarding future bailouts in the Eurozone.
Other things that may affect the UK is the suggestion that the European Commission will lay out it's plans today for the creating of a Eurozone banking union that may mean transfer of power from National bodies. This of course could seriously affect the UK banking world.
A constitutional court in Karlsruhe are more likely to give their verdict that certain rules will have to be out in place regarding future bailouts in the Eurozone.
Other things that may affect the UK is the suggestion that the European Commission will lay out it's plans today for the creating of a Eurozone banking union that may mean transfer of power from National bodies. This of course could seriously affect the UK banking world.
Monday, 10 September 2012
Insurance News
2) New product from brokerdrive, which offers brokers drive plus
to brokers and this will help them with marketing, compliance training &
business continuity
3) John Lincolns take a jump into Giles
4) Professional Insurance Agents Ltd, decides to offer its software
products to some underwriters and insurers who have high value manual products
such as Professional Indemnity Insurance, Public Liability & Directors and
Officers Insurances.
5) Rob Preston moves to Novae Zurich as managing director.
6) Business Insurance 24/7 handles 3 new products on its
online trading platform. Specialist covers for personal accident insurance,
office insurance and professional indemnity insurance from new suppliers.
Friday, 7 September 2012
Todays Insurance News - 7th September 2012
- Groupama UK in talks with Ageas. The talk is believed to be exclusive lasting four weeks this will give Ageas the advantage of growing its commercial book.
- BIBA suggest that banks should stop selling insurance get on with what they know best - banking!
- Research by Zurich suggest that many SME's are very worried about cyber attack and loss of data.
- Stuart Wood gets promotion to class underwriter for Professional Indemnity Insurance at Mitsui Sumitomo at Lloyds.
- Professional Insurance Agents Ltd make a bid for a Professional Indemnity Insurance broker in the North of England.
- Business Insurance 24 7 get asked to offer their Online Quote and Buy Insurance products to large postal service provider for commercial insurances to include Directors and Officers and Professional Indemnity Insurances.
- BIBA suggest that banks should stop selling insurance get on with what they know best - banking!
- Research by Zurich suggest that many SME's are very worried about cyber attack and loss of data.
- Stuart Wood gets promotion to class underwriter for Professional Indemnity Insurance at Mitsui Sumitomo at Lloyds.
- Professional Insurance Agents Ltd make a bid for a Professional Indemnity Insurance broker in the North of England.
- Business Insurance 24 7 get asked to offer their Online Quote and Buy Insurance products to large postal service provider for commercial insurances to include Directors and Officers and Professional Indemnity Insurances.
Thursday, 6 September 2012
News Update - 6th September 2012
- Clinton Backs Barack Obama at USA elections at the democratic
convention he gave a very impressive speech laying out the foundations of what
has been achieved since Obama took office and what is likely to be achieved if
he gets re-elected.
- Three killings happen in France with one young girl found hiding the bodies of 2 women and one many where found all thought to be British.
The young girl was found hiding under one of the bodies, the murders happened in the lake Annecy area.
- Oscar Pistorios gets his gold medal at the Paralympics in the 4x100m breaking the current world record.
- Team mates Danielle Brown and Mel Clark get gold and silver after an exciting finish in the Paralympics archery.
- Andy Murray made semis in the US open.
- Honda may help the UK economy as it invests nearly 270 million into a UK plant.
- Three killings happen in France with one young girl found hiding the bodies of 2 women and one many where found all thought to be British.
The young girl was found hiding under one of the bodies, the murders happened in the lake Annecy area.
- Oscar Pistorios gets his gold medal at the Paralympics in the 4x100m breaking the current world record.
- Team mates Danielle Brown and Mel Clark get gold and silver after an exciting finish in the Paralympics archery.
- Andy Murray made semis in the US open.
- Honda may help the UK economy as it invests nearly 270 million into a UK plant.
Wednesday, 5 September 2012
Insurance News - 5th September 2012
- FSA is to demand a commission down if sale of certain
products, but it is unlikely to impose a total ban on these products are now as
add on products often not wanted by the clients purchasing a main insurance
product.
- Lincoln is about to join Giles after leaving Cobra network.
- New underwriters are to join Keelan Westall to help the underwriting team.
- Professional Insurance Agents Ltd meet with investment house and large banking group in talks with them over there expansion in Europe and internationally to sell products such as Professional Indemnity Insurance and Public liability it will also set up new Directors and Officers insurance for individual directors.
- Lincoln is about to join Giles after leaving Cobra network.
- New underwriters are to join Keelan Westall to help the underwriting team.
- Professional Insurance Agents Ltd meet with investment house and large banking group in talks with them over there expansion in Europe and internationally to sell products such as Professional Indemnity Insurance and Public liability it will also set up new Directors and Officers insurance for individual directors.
Tuesday, 4 September 2012
News Today - 4th September 2012
- Cabinet reshuffle by David Cameron. Andrew Mitchell is to be the Tory chief whip with tipps that Nick Robinson, Gillan and Ken Clarke may also be involved.
- Oliveria and Pistorius make up after disagreement on blades.
- Natasha Baker wins another gold at Paralympics in freestyle dressage, she states it was beyond her wildest dreams.
- The seventeen year old Ellie Simmonds also wins another gold medal at the Paralympics in the 200m.
- 20 activists do not get their appeal recognized by the courts in Bahrain who said that the activist where plotting against the state.
Monday, 3 September 2012
Insurance News - 3rd September 2012
- CEO of Professional Insurance Agents Graham Hearsey said its
company has won a large number of contracts to supply the insurance industry
with advanced software to sell commercial insurances via its trading platform,
including products like Professional Indemnity Insurance, Public Liability &
Directors and Officers covers offering buyers a visual text, email or voice
options directly from Professional Insurance Agents Ltd websites, the company
now has a distribution channel of one 200 uk brokers and 10 brokers overseas.
- Ace to get more claims management staff in expansion.
- After three years at broker network Nick Houghton resign.
- New officer to be open in Peterborough for BGL where it will have 200 staff working from there.
- Business 24 7 to offer its software to affinity groups for commercial insurance, public liability, directors and officers insurance and professional indemnity insurances.
- Ace to get more claims management staff in expansion.
- After three years at broker network Nick Houghton resign.
- New officer to be open in Peterborough for BGL where it will have 200 staff working from there.
- Business 24 7 to offer its software to affinity groups for commercial insurance, public liability, directors and officers insurance and professional indemnity insurances.
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