News from Concise PR

AMII concerns over Star Ratings

2012-02-03

The Association of Medical Insurance Intermediaries (AMII) expresses its concerns at Defaqto’s ‘Star Ratings’ for private medical insurance (PMI) launched this week.

Swinton Commercial legal expenses deal doubles Arc Legal base in key growth sector

2012-02-01

1st February 2012 - Arc Legal Assistance (Arc Legal) has secured a deal to provide commercial legal expenses and an extended online Employment Manual service to Swinton Commercial. The deal doubles Arc Legal’s commercial legal expenses policy base to over 60,000 representing a net premium income of nearly £3million.

New BIBA HNW scheme secures broker business on day one

2012-02-01

1 February 2012: The new British Insurance Brokers’ Association (BIBA) high net worth scheme has today officially opened for business.

APC secures Westinsure commercial panel deal

2012-01-26

London, 26 January 2012: Leading commercial insurance underwriting agency APC has secured a deal with Westinsure to provide its 185 Alliance brokers with access to a full range of commercial insurance packages.

FSA and OFT must provide regulatory certainty to enable new growth in PPI says Jubilee

2012-01-24

London, 24 January 2012 – The FSA and OFT response must address the considerable degree of uncertainty that exists about the correct regulatory approach needed if the sector is to grow according to specialist Lloyd’s insurer, Jubilee.

New Head of Sales at PHP

2012-01-23

The Private Health Partnership (PHP), one of the largest independent private medical insurance intermediaries in the UK and part of the Skipton Building Society group, announces the appointment of Andrew Middleton as Head of Sales with immediate effect.

APC secures additional capacity to capitalise on emerging hard market

2012-01-19

19 January 2012: Commercial insurance underwriting agency, APC, has secured additional underwriting capacity from its Lloyd’s and London company market backers to take advantage of the opportunities presented by the forecast hardened market.

Ascentric adds Moneyinfo tool

2012-01-16

Independent wrap Ascentric has integrated with Sammedia’s Moneyinfo portal, an intermediary branded service that enables clients through a single login to view their portfolios managed by their IFA along with everyday finances including their online bank account, credit card balances and categorised transactions.

Gap in download loss cover filled by i Digital and Jubilee

2012-01-13

13 January 2012 - Underwriting Agency, i-Digital Insurance (i-Digital) and specialist Lloyd’s insurer Jubilee have joined forces to develop and distribute the first cover for downloaded content held on computers, smartphones, mobiles devices and any other form of electronic equipment.

Cooper Gay expands marine reinsurance team with Sullivan hire

2012-01-11

London, 11 January 2012 – Cooper Gay & Co Ltd, the Lloyd's broker, has appointed John Sullivan as a Director of its reinsurance division.

Positive move by medical insurers

2012-01-10

The Association of Medical Insurance Intermediaries (AMII) regards AXA PPP Healthcare review of their stance on heart and cancer as a positive move especially following Aviva’s recent change improving its position on covering cancer treatment.

Mike Morrow joins Ascentric

2012-01-09

Ascentric has appointed Mike Morrow to the position of Sales and Marketing Director for Ascentric and IFDL. Ascentric, the leading independent wrap platform, reached profitability in 2011 and has now accumulated over £3.6bn of assets under administration.

Delivering Payment Solutions to the insurance industry - Realex Payments announce partnership with Transactor

2012-01-06

Winchester, United Kingdom Friday, 6 January 2012 Transactor Global Solutions Limited (TGSL), the market leader in modern .Net insurance technology solutions, has this week announced a partnership with Realex Payments that will see the payment gateway’s tailored solutions made available to a wide range of businesses working with TGSL.

AXA Assistance secures 5 year Hastings motor assistance deal

2012-01-05

5th January 2012 - AXA Assistance UK, a leading motor and property assistance provider (part of the global AXA Group) has secured a 5 year deal to provide a range of motor assistance and specialist insurance covers to Hastings Insurance Services Ltd (Hastings).

Employers entitled to customised solutions

2012-01-03

Employers should be getting more customised solutions for their employee benefits, according to specialist consultants Bespoke Benefits Solutions (BBS), part of the Skipton Building Society Group.

IFDL appoints Institutional Sales Director

2011-12-20

Investment Funds Direct Limited (IFDL) has appointed Rob Beverley as Institutional Sales Director with immediate effect. IFDL is the provider of the independent wrap platform that powers a growing number of platform solutions, including the Towergate Wealth Platform, Succession Investment Platform, Openwork as well as Ascentric.

Arc Legal calls for Government rethink on employment tribunal fees plan

2011-12-20

20th December 2011 – Proposals announced by the Ministry of Justice (MoJ) to charge individuals fees of up to £2000 or more to bring employment tribunal cases will not achieve a reduction in tribunal hearings but will increase claims costs for legal expenses insurers according to Arc Legal Assistance (Arc Legal) who is calling on the government to rethink its approach.

Ascentric and Prestwood data link

2011-12-16

Independent wrap Ascentric has integrated with Prestwood Professional back office software enabling Financial Planners to receive bulk valuations for all their Ascentric clients.

Reaction to buying power for private healthcare

2011-12-15

Re the Office of Fair Trading’s report 8 December on Private Healthcare (section 1.13) states there is a limit on the ‘buying power’ of the large private medical insurance (PMI) providers over the private healthcare providers (hospital groups). The Association of Medical Insurance Intermediaries (AMII) makes the following comment:

AMII reaction to lack of quality data

2011-12-14

Re the Office of Fair Trading’s report 8 December on Private Healthcare (section 1.10) stating the “lack of access to information on quality and price for consultants produces a situation where both the patient and PMI provider cannot differentiate between consultant performance and fees in order to judge whether they represent value for money” the Association of Medical Insurance Intermediaries (AMII) makes the following comment:

Into the Future - Four major developments from Transactor

2011-12-14

Insurance software house Transactor Global Solutions Limited (TGSL) has announced four major new developments for release to Transactor clients during quarter one 2012 – data enrichment, smart phone solutions, secure voice transactions, and telematics.

AMII reaction to healthcare shortfalls

2011-12-12

Re the Office of Fair Trading’s report 8 December on Private Healthcare (section 1.19) on concerns expressed by consumers as to the level of extra payments sought (shortfall payments) from some consultants not covered under their private medical insurance (PMI) policies, the Association of Medical Insurance Intermediaries (AMII) makes the following points:

AMII supports OFT bid for greater transparency

2011-12-09

The Association of Medical insurance Intermediaries (AMII) fully endorses the Office of Fair Trading’s (OFT) bid for greater transparency and competition for consumers of private healthcare.

Mitsui Sumitomo continues Dublin expansion with double hire

2011-12-07

7 December 2011: Mitsui Sumitomo at Lloyd’s, a leading non-life insurer, has continued the expansion of its recently launched Dublin regional office with the appointments of Brian Moran and Gavin Mullen.

Risk of conflict of interest inherent in legal expenses insurers drive for ABS

2011-12-06

6th December 2011 - The move by some legal expenses firms to develop Alternative Business Structures (ABS) under the Legal Services Act creates the risk of a conflict between the needs of underwriters and consumers according to Arc Legal Assistance (Arc Legal).

GAB Robins fraud success leads to investigation team expansion

2011-12-02

2nd December 2011 – Measurable successes in fraud detection and claims costs savings has led to increased demand from insurers and brokers for GAB Robins’ counter fraud expertise. In response, the company further strengthened its Counter Fraud and Investigation Service with the appointment of Peter Graham as a Field Investigator.

Lorega links up with Keychoice

2011-12-01

London, 1 December 2011: Loss recovery insurance specialist Lorega has linked up with Keychoice to provide commercial loss recovery insurance and services for its 800 plus broker members as it continues to enhance its one stop shop proposition.

McGrath joins Cooper Gay Re as executive vice president treaty reinsurance

2011-11-30

Atlanta, GA, 30 November, 2011 - Neal Abernathy, President & Chief Executive Officer of Swett & Crawford, today announced that Tom McGrath has joined Cooper Gay Re, as executive vice president.

GAB Robins expands construction and engineering capabilities with new hires

2011-11-10

10th November 2011 – GAB Robins has expanded its construction and engineering claims capabilities with new senior adjusting appointments.