Marsh is predicting an increase in Initial Public Offerings (IPOs) in the months ahead, fuelling demand for management liability insurance. The broker is basing its forecast on the early signs of economic recovery and the introduction of new rules for UK firms listing on the London Stock Exchange (LSE). In April, new “lighter-touch” rules for UK firms listing on the LSE will enable companies to choose either a standard or premium listing,... 

Consumers are well aware of how much it can cost to insure a vehicle in the United States and know that they will likely need to do so in order to legally operate a vehicle. With this in their minds they all have the same question when they set out to purchase automobile coverage; What company has the cheapest car …  Read More →

As an incentive for younger drivers to be safer on the road, the Institute of Advanced Motorists (IAM) has arranged cheaper car insurance premiums for those that have passed an advanced driving test. The IAM Safety Insurance is available from Adelaide Insurance and is exclusively for IAM members. Up to now, only those drivers aged 21  Read More →

Hauliers stand to benefit from the collaboration of Bradford-based National Breakdown and Halifax firm Donald Insurance which have teamed up to provide a nationwide commercial solution to HGV and fleet owners. Their combined fleet and HGV insurance is a single policy under which goods in transit, property, liability and breakdown coverage is all provided. It is the first combined policy of its kind in the United Kingdom, and should provide some... 

Bupa has stated it will now grant group critical illness claimants (and their families) access to independent and confidential advice, guidance and medical information. The enhanced feature comes at no increase in premium cost. The Best Doctors® service includes a database 50,000 medical professionals strong, and will provide independent and expert medical assessments of conditions. The service augments, rather than replaces, the treating doctor,... 

Worldwide business property insurer FM Global has announced its 2009 financial results, including a robust underwriting performance and above average investment portfolio return. Gross premium in force rose by 5.6% to $4.7bn, with net income recorded at $840m. A combination of good underwriting and investment performance saw policyholder surplus increase to $6.3bn, a rise of 35%. FM Global exceeded predictions to achieve a profitable combined ratio... 

Aviva has broken into a new market with the acquisition of a 60% stake in PT Asuransi Winterthur Life Indonesia (WLI). According to the insurer, Indonesia is one of the fastest growing life insurance markets in Asia, and the acquisition is consistent with the its long-term strategy to build a presence in key South East Asian markets. WLI has gross assets of £15 million and manages pension fund assets totalling £42 million. It is a top three health... 

State law in AL mandates that no person shall operate, register or maintain registration of an automobile unless the owner can provide valid proof of financial responsibility; this is usually done by purchasing a car insurance policy which meets the states minimum liability requirements. Currently the state’s minimum limits of liability limits which must be maintained at all times are $25,000 for injury liability for one person in an... 

Wesleyan Assurance Society, the financial services specialist for professionals, has announced that it enjoyed a good year in 2009 and released its financial performance figures for that year. The firm saw new business sales rise by 11%, with ISA and unit trust sales up 59% and income protection product sales rising by 36%. Wesleyan also increased the quantity of its funds under management by 11.7% and recorded 20.1% gross investment return on... 

Consumer body Which? has reported that the car insurer Admiral charges higher premiums to drivers who have not lived in the UK since birth, which could mean that Admiral is in breach of the 1976 Race Relations Act. The Which? investigation uncovered that the Admiral group, which includes car insurers Diamond, Bell and elephant.co.uk, added about  Read More →

Specialist independent insurance and reinsurance broker Miller has announced the appointment of global facultative reinsurance specialist Neil Higgins. Higgins brings with him decades of experience in the insurance sector, and extensive expertise in international property reinsurance. He joins Miller from Newman, Martin and Buchan LLP, leaving behind his erstwhile role as a director of the Property and Casualty Divisions. Head of Facultative Reinsurance... 

Royal London Mutual Insurance Society has been rapped over the knuckles by the Information Commissioner’s Office (ICO) after breaching the Data Protection Act. The reprimand comes after eight of the firm’s laptops, two of which contained details of 2,135 people who had sought pension scheme illustrations, were stolen from the company’s Edinburgh offices. The data were password protected but unencrypted. An internal report established... 

Mar. 18–VIRGINIA BEACH — Car rental company Avis Budget Group and insurance giant Geico plan to hire or relocate a total of 210 workers here in the coming months, Mayor Will Sessoms announced today …  Read More →

The Coordinating Committee For Automotive Repair (CCAR(R)) will partner with GEICO to promote the new “GreenLink Shop” designation for GEICO’s Auto Repair Xpress(R) (ARX) facilities across the United …  Read More →

CINCINNATI, March 18 /PRNewswire-FirstCall/ — Cincinnati Financial Corporation today announced the Internet availability of materials for its 2010 Annual Meeting of Shareholders – the 2009 Annual Rep…  Read More →