Broker
Where now for Groupama et al?
So we’ve got three insurers up for sale, namely RBSI, Brit and now Groupama. Consolidation in the insurer space has been predicted for some time now but I don’t think people expected it to happen like this – more deals done behind closed doors than…
LV creates 50 jobs in Bristol
LV has announced it is to create 50 new jobs in the first quarter of 2012 through expanding its Bristol operation.
Groupama broker insists business as usual despite sale
Graham Lark, chief executive of Lark Group, has told Insurance Age he believes it is business as usual for the broker following the news of Groupama putting its UK business up for sale.
Motor premium hardening grinds to a halt
Motor insurance premiums rose by only 0.05% for the average comprehensive policy in the final quarter of 2011, a survey by Confused.com and Towers Watson has revealed.
NIG wins events underwriting contract from Axa
NIG has won the contract to underwrite the core business of Event Insurance Services (EIS) from incumbent provider, Axa.
Aon swoops for Willis COO
Aon Risk Solutions, the global risk management business of Aon Corporation, has appointed Chris Lee-Smith as chief operating officer of its UK retail business.
Biba commits to regulatory focus for 2012
The British Insurance Brokers’ Association (Biba) has revealed that its main focus for 2012 will be achieving appropriate, proportionate and cost effective regulation for its members.
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.
Allianz stakes claim for industry first with broker scholarship scheme
Allianz Commercial has launched a new scholarship programme to support staff at chartered brokers in achieving their Chartered Insurance Institute (CII) Diploma in Insurance.
Colosso’s exit from Gallagher confirmed
Arthur J Gallagher International has confirmed that Adrian Colosso will not return to the role of chief executive of UK retail for the company, sister title PostOnline has revealed.
Momentum targets 25 new brokers in 2012
Momentum has confirmed it signed up 23 appointed representatives (AR) in its first full year of trading and has targeted another 25 broking businesses in 2012.
Aspen achieves chartered status
Aspen Risk Management has been awarded corporate Chartered Insurers status by the Chartered Insurance Institute.
Hoban calls on insurance industry to face long term challenges
Mark Hoban MP has warned that the insurance industry must be careful to avoid becoming “absorbed by the short term challenges” it faces and be more aware of the long term difficulties.
Hyperion launches takeover bid for Lloyd's broker
Hyperion has entered into talks with Lloyd's broker Windsor regarding a potential offer.
Stonebridge targets print industry with new division
Stonebridge Corporate has teamed up with Randall & Quilter to develop a new range of insurance products for the printing industry.
Storms whip up car claims
AA Insurance has revealed that the storms which hit parts of the UK in the first five days of January caused a 28% increase in car insurance claims compared with the same period of 2011.
New account executive for Jelf Manson
Jelf Manson has appointed Alastair Teague as account executive.
Towergate suffers two more senior resignations
Two senior managers at Towergate have handed in their resignations in as many weeks as the change of culture under new CEO Mark Hodges takes effect.
Giles' finance director steps down
Mark Chambers, finance director at Giles Insurance Brokers, resigned on 1 January according to new documents submitted to Companies House.
Brokers urged to respond to FSA consultation on PPI
Brokers have been urged to respond to the joint investigation into payment protection products by the Office of Fair Trading and Financial Services Authority (FSA) and respond accordingly.
Brokers' profitability predicted to fall
Brokers saw a strong decline in business at the end of 2011 and face further reductions in profitability at the start of 2012 according to a new report.
LV unveils new commercial distribution chief
LV Broker has promoted Kevan Aubrey to head of commercial distribution and Mark Campbell to head of key commercial accounts.
A New Year footballing insurance prediction
While the memories of sitting crushed against the sofa by the weight of too much turkey are starting to fade, my New Year prediction is unfortunately also one of being crushed, but this time it involves brokers and debt mountains.
FOS to introduce £350 PPI surcharge
The Financial Ombudsman Service (FOS) has revealed plans to introduce a supplementary case fee of £350 from April 2012 for firms that have more than 25 payment protection insurance (PPI) complaints.