Commercial Lines related articles – Page 252
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News
Copart deal opens way for recycled car parts
The acquisition of vehicle accident management specialist Universal Salvage by an American company could boost the use of recycled parts by UK insurers.Universal Salvage – which handles the collection and disposal of collision-damaged vehicles for insurance companies and the car industry – has been acquired by vehicle salvage company ...
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News
Brit ready to cut regional brokers
Brit Insurance is looking to cut the number of brokers it trades with through its regional offices. The insurer said it would decide in the coming months which broker partners it wanted to do business with.It is looking to trade only with brokers which currently have accounts in excess of ...
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News
Brokers slam complex FSA questionnaire
Brokers say meaningful response impossible and guesswork needed
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News
Sagicor plans expansion of Lloyd’s operation
Sagicor is looking to expand its Lloyd’s operation with a series of strategic changes to be brought into effect in 2008, the company revealed this week.Increased capital, new teams and new lines are all on the cards for the Caribbean insurer, which consolidated its Lloyd’s business earlier this year.But precise ...
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News
Title insurance to benefit from Olympics 2012 effect
Insurers that provide cover in the event that title conflicts arise during land transactions are anticipating a boom in business heading into the Olympics.David Hawkins, managing director of First Title Insurance, said he was expecting a boom as companies capitalised on the thriving opportunities surrounding the Olympic site in London’s ...
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News
Flooding agreement up for change
Insurers have suggested that substantial revisions to the industry’s agreement with the government guaranteeing the provision of flood cover could be made in the spring. A range of issues including urban drainage, planning, coastal flooding, data sharing and clarification of which properties should fall under its umbrella could be subject ...
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NewsTop academic issues climate warning
Local authorities need to introduce greater measures to deal with flooding
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Interaction is the key to success
Brit Insurance says the introduction of trading floors for brokers could spark the beginning of a three-way relationship
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Groupama signs on to business network
Move to boost growth of commercial lines in SME market
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Online onlyCommercial property at a loss
Properties could be losing out to the tune of £300m after being hit by floods
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Online onlyStorming new figures
A windstorm on the scale of 1987 would result in more than £4bn of losses
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Aegis expands marine and energy team
Former Markel underwriter to focus on offshore energy casualty
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Online onlyNIG: SMEs do not have adequate technology cover
Report shows that one third of SMEs have no specialist IT support
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Ex-Sirius director joins Open GI
Appointment to focus on development of commercial lines products
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News
Marsh chief hits out at inefficient industry
Marsh UK chief executive, Martin South has called for the insurance industry to build stronger bridges between intermediaries and underwriters, in order to capitalise on emerging risks. Speaking at Lloyd’s, South said that until the industry addressed its lack of efficiency, it could not prosper. He said: “We have ...
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News
BJP to target SME and personal lines growth
Berkshire-based BJP Insurance Brokers is looking to expand in the SME and personal lines markets following a string of recruitments.BJP has recruited three members to its sales team to target more SME business, and hired a personal lines manager to increase its non-commercial clients.The independent broker currently specialises in commercial ...
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News Analysis
Commissions rise divides market
The new commission model announced by Marsh and Willis has reignited the debate on broker remuneration. James Dean reports
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News
R&SA faces £1m bill in DAS case
A Court of Appeal ruling could put a stop to frivolous lawsuits over insurers refusing to pay car hire claims, according to DAS Legal Expenses.Royal & SunAlliance (R&SA) stands to pay legal costs in the region of £1m following a long-running dispute with DAS over the insurer’s refusal to ...
