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Football fans urged to take out travel insurance
Direct Travel Insurance has advised football fans heading to South Africa for the World Cup not to neglect taking out travel insurance. Travellers are advised to take out coverage as soon as possible, enabling them to have cancellation coverage in place earlier. Last year those who had to cancel or break off a holiday in South Africa [...]
Posted on 10 March 2010 | 6:54 am
Vet bills gallop ahead of inflation
Over 50s specialist, Saga, has revealed that the average annual vet bill for the UK’s cat and dog owners has risen by 53% since 2007, to £598. With costs increasing at twice the rate of inflation, the North West has emerged as the most expensive region in which face a trip to the vets. The average annual [...]
Posted on 10 March 2010 | 1:44 am
Brit bolsters Chicago presence
International general insurance and reinsurance group Brit Insurance has announced the appointment of Bill Jackson as senior VP of Property Direct and Facultative for its US operations. He brings with him over three decades of re/insurance experience, and extensive knowledge of underwriting, management and marketing. He joins Brit from Burt and Scheld, where he worked as senior [...]
Posted on 9 March 2010 | 11:18 am
Glacier Group announces rising profits in 2009
European insurer and reinsurer Glacier Group has released its financial performance figures for 2009. Net income for the year was more than double that of 2008, rising by $34m to $60m, with return on equity rising from 5% to 12%. Total gross written premiums declined by $100m to $469m, a fall that occurred due to Glacier’s decision [...]
Posted on 9 March 2010 | 11:06 am
FSA consults again on PPI reforms
The Financial Services Authority (FSA) has published feedback on its plans to reform the Payment Protection Insurance (PPI) market and at the same time announced a further consultation on a revised package of measures aimed at ensure customers are treated consistently and fairly, either when buying new PPI policies or making a complaint about an [...]
Posted on 9 March 2010 | 9:55 am
LIU Europe appoints head of Strategic Assets unit
Liberty International Underwriters Europe (LIU Europe) has appointed Matthew Hogg as vice president. Based in London, Mr Hogg will lead the group’s newly established Strategic Assets division. The unit has been set up to underwrite a range of specialist risks, including intellectual property, reputational risks, cyber insurances and non-material damage business interruption. Having joined LIU Europe from Marsh [...]
Posted on 9 March 2010 | 5:37 am
Half of Britons unfulfilled at work
Bupa’s “How Are You Britain” report indicates that almost half of the country’s workforce is less than happy. In a poll of over 2,000 people, 49% said they were feeling “unfulfilled” in their jobs, and 21% were annoyed by a lack of career progression. The health insurer is therefore recommending some simple changes that can make a [...]
Posted on 9 March 2010 | 5:13 am
AXA goes for commercial business growth in Malaysia
AXA has announced that its Malaysian subsidiary, AXA Affin General Insurance Berhad, has received approval from Bank Negara Malaysia (the country’s central bank), to acquire 80% of BH Insurance Berhad. AXA general insurance chief executive officer, Jan van den Berg, describes the move as “important for the long-term growth of AXA in Malaysia” because it will [...]
Posted on 9 March 2010 | 3:03 am
Free legal disputes service from Allianz Commercial
Allianz Commercial is offering a free legal disputes service to all of its SME policyholders. The service, which is being provided in conjunction with Allianz Legal Protection, aims to assist SME customers with contract and professional negligence disputes. It offers a free legal assessment of any dispute by a commercial solicitor and, if the the [...]
Posted on 9 March 2010 | 2:38 am
Bluefin to continue acquisition spree
Bluefin Insurance Services has confirmed ambitious acquisition plans spanning the next three years. The AXA-owned broker already has over 50 branches, having acquired Lakeland Insurance Brokers and Lakeland Insurance Advisers in 2009. The firm currently has six acquisitions in the pipeline and looking ahead, believes the current economic climate “is likely to yield further good prospects”. It is [...]
Posted on 9 March 2010 | 1:45 am
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