Nigeria’s Market Development and Restructuring Initiative (MDRI) is designed to raise awareness and increase the uptake of the various types of insurance that have been made compulsory under the country’s federal law. And at least one insurer, Sovereign Trust plc is gearing up to take advantage of the Initiative with a major marketing campaign which will roll out in the next quarter.
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When the insurance and investment group Royal London took over Royal Liver last year, they also inherited losses amounting to millions of pounds stemming from payments made by the former Finance Director of Royal Liver without proper authority. Although the Crown Prosecution Service has decided not to take action, Royal London may yet pursue its own legal action to recoup the losses. The group’s H... read more
According to moneymarketing.com, which has seen a letter sent to investors by the firm’s Managing Director, Peterborough-based pension adviser, Rockingham Retirement, lost its professional indemnity insurance cover in relation to its advisory business back in August 2010. It appears that the firm’s professional indemnity insurer, Eureko, refused to renew the policy following a visit to the firm by... read more
Underwriter freezes Professional Indemnity Insurance rates for 2 years
When it comes to professional indemnity insurance, good news has been pretty thin on the ground for IFAs, particularly since the Arch Cru and Keydata debacles. But now, thanks to Collegiate Underwriting, they have something to cheer. The underwriter has launched a new deal, available through Oxford Insur... read more
Specialists in helping companies to comply with Health & Safety legislation, HSE Passport have entered into an agreement with Professional Insurance Agents, a leading UK broker specialising in professional indemnity insurance. Under the terms of the agreement, Professional Insurance Agents’ clients will be offered the HSE Passport scheme when they take out their professional indemnity insurance. ... read more
When it came to light that Equifund Ltd was operating without professional indemnity insurance, the FSA moved to restrict its business activities. A supervisory notice issued by the regulator makes it clear that the firm can no longer offer advice on investments or regulated mortgages, nor can it act as an agent for investments. In addition, Equifund has been instructed to contact all of its clien... read more
