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Lloyd's Act review could spell dramatic change
Marcus Alcock investigates what could be a fundamental change in wholesale broking
D&O cover - Fail to prepare, prepare to fail
The introduction of The Companies Act (2006) means a new set of risks have appeared, though small and medium-size enterprises seem not to be prepared for them. Samantha Hanson reviews some of the major changes
Capita brings BDML and Lancaster together
Capita Group has confirmed the acquisition of Lancaster Insurance Services.
Aspen establishes Lloyd’s Syndicate 4711
Aspen Insurance Holdings has announced that it received approval from Lloyd’s to establish a new Lloyd’s Syndicate, called Syndicate 4711 with the pseudonym of "ASP". Syndicate 4711 will commence underwriting from early April for business incepting from…
Former QBE MD appointed to head up London office
Glacier Insurance AG, the European insurer, has commenced underwriting operations in London, having received the relevant regulatory approvals. In addition, Steven Price has been appointed managing director, Glacier Insurance London.
Mood among Lloyd’s brokers uncertain amid downturn claims survey
Lloyd’s brokers painted a mixed picture of resignation and resilience in a survey published today by international accountancy and advisory firm Mazars.
Cobra reports rise in profits
Cobra Holdings has reported an increase in its operating profit by 56% after releasing its 2007 annual results.
BiB Insurance joins Brokerbility
BiB Insurance of Darlington has become part of Brokerbility, a group of independent brokers who have joined forces to gain access at a higher level to large insurance companies throughout Europe.
Oxygen enter infrastructure finance market
Oxygen Insurance Brokers(Oxygen) has created an infrastructure finance team within its UK corporate risks practice.
Consolidation activity at smaller end of market
Finch Commercial Insurance Brokers has acquired Ashcombe Border Insurance Brokers in Liphook, Hampshire.
Consolidation hits premium finance market
Close Premium Finance (CPF) has announced the acquisition of Amber Select, the premium finance company known as Amber Credit and previously owned by Skipton Building Society.
uSwitch calls for regulation on consumer fees and charges
As the car insurance industry scoops £333 million a year for amending policies, but there is no regulation in place to control the amount of money it can squeeze out of consumers for fees and charges, according to uSwitch.com.
Brokers' Committee elects new chair
Aon deputy chairman Jonathan Palmer-Brown has been elected chairman of the London Market Insurance Brokers’ Committee.
Spring leaves insurance employees all touchy-feely
The weather may have been awful over the Easter weekend, but that’s not stopped the PR machines at various insurance companies from rolling out some emotional, fluffy press releases this week, writes Charlie Thomas, reporter, Professional Broking.
Ecclesiastical profits reveal impact of summer floods
Ecclesiastical has reported a 50% drop in pre-tax profits and a sharp hike in its combined ratio as the summer floods and theft of metal from churches hit hard on its 2007 annual results.
Consumer panel responds to Northern Rock review
The Financial Services Consumer Panel said it welcomed the Financial Services Authority's (FSA) Internal Review of Northern Rock, but was disappointed that there had not been more independent input to the review.
FSA issues warning over insolvent brokers
The Financial Services Authority (FSA) has today issued a warning about two insurance brokers, Orion Direct of Clitheroe, Lancashire, and Peppercom of Cheltenham, Gloucestershire.
FSA moves to enhance supervision in wake of Northern Rock
The Financial Services Authority (FSA) has published a summary of a review carried out by its internal audit division into its supervision of Northern Rock. The review has identified a number of areas for improvement in the execution of supervision,…
Ellis challenges network competitors
Broker Network has added acquired a new business, welcomed a new member and issued the results of a member satisfaction survey prompting chief executive, Grant Ellis, to issue a challenge to its competitors to do the same.
CII support ABI's push for personal injury reform
The Chartered Insurance Institute (CII) Group has said it will support the Association of British Insurers (ABI) in calling on the government to follow through on its proposed reforms to the personal injury compensation system.
ABI urges for restrictions on passengers for young drivers
The ABI (Association of British Insurers) is calling for restrictions on the number of young passengers that young, newly qualified drivers can carry. Every year 1200 young drivers are killed or seriously injured on UK roads.
ABI calls for reform in personal injury compensation
The ABI (Association of British Insurers) has today joined forces with the CBI and Citizens Advice to call for the Government to introduce its proposals for reforming personal injury compensation without delay. These will enable personal injury…
Brit establishes underwriting presence in Northern Ireland
Brit Insurance has established an underwriting presence in Northern Ireland with the appointments of Lawrence Burgess as motor fleet underwriter and Joe Murphy as property and combined package underwriter.