Credit insurance
Trade Credit Insurance is again in the spotlight. How can brokers take advantage?
Described as a ‘sleeping giant’ of the insurance market, brokers should wise up to the opportunities offered by trade credit. Especially, as Martin Friel discovers, recent geo-political events mean this vital safety for businesses is edging to toward the mainstream.
Brokers hailed as a “critical” distribution channel for trade credit insurance by Allianz Trade CEO
CEO at Allianz Trade UK & Ireland, Sarah Murrow, has described brokers as a "critical" distributer when promoting trade credit insurance to clients.
TL Dallas targets more branches after recent expansions
TL Dallas will open at least one more branch this year, managing director Polly Staveley has revealed to Insurance Age as she confirmed recent cost of living pay rises for all staff.
Kentro Group records GWP growth of 19% in 2021
Kentro Capital grew gross written premiums by 19% to £367.4m in 2021 generating £53.1m of turnover, up 21% on 2020.
PIB makes double acquisition announcement
Group will purchase CMR Insurance Services and Sue Smith Ltd subject to regulatory approval.
Coface sees income rise but COR decline
Credit insurer posts results ahead of proposed IPO.
CPP mis-selling victims set to start claiming compensation
Millions of people will be eligible for compensation as of mid-February.
W Denis Credit Risks buys Coastal Credit Insurance Brokers
Coastal founder stepping back from the business.
CPP sets aside £55.8m to cover mis-selling penalty
Credit card insurer forced to stump up a further £1.8m to cover bill.
Ombudsman confirms new card protection insurance complaints category
The Financial Ombudsman Service (FOS) has confirmed that it has created a new category for complaints about card protection insurance due to the volume of complaints it is now receiving.
CPP insurance mis-selling cost could hit £1.3bn, says FCA
The Financial Conduct Authority (FCA) has reached an agreement with Card Protection Plan (CPP) and 13 high street banks and credit card issuers on the process for repaying customers who were mis-sold CPP’s Card Protection and Identity Protection policies.
Home 3 to leave Chesterfield office as CPP fights for future
Repair provider Home 3 will leave its Chesterfield site this month as troubled parent company CPP fights to secure its future.
Bridge in the Loop
Bridge Insurance Brokers has launched Loop Insurance as it targets expansion into new markets.
Coface reports improved turnover and jump in profit
Coface has reported turnover of £808m for the first half of 2012, up 5.8% from the same period of 2011.
Coface appoints new chairman
Laurent Mignon has been appointed as chairman of the board of directors at Coface.
Henderson adds to senior team
Henderson Insurance Brokers has established a group company to cover its five operating companies, and made four senior apppointments since the beginning of 2012.
Coface reports improved results with 21% jump in profit
Coface has reported a €96m (£81m) increase in insurance turnover for 2011, up from €1.35bn in 2010 to €1.45bn.
Credit card insurer faces multi million pound bill over sales process
The credit card insurer CPP, which has been under investigation from the Financial Services Authority (FSA) for the past year, could face a £15m bill as part of a committment to review past sales.
Bartlett adds Lloyd’s offering
Bartlett & Company has registered as a Lloyd’s broker in a move which it believes will open new markets for business.
NBJ expands lines in wholesale business drive
NBJ UK has launched a revamped London Markets division aimed at expanding and diversifying its wholesale business.
FOS receives record-breaking number of PPI complaints
The Financial Ombudsman Service (FOS) has published its annual review covering the 2010/11 financial year.