Broker
Direct Line Group reports dip in GWP while COR improves
Direct Line Group (DLG) has reported a drop in gross written premium (GWP)for 2012, at £3.99bn down from £4.13bn in 2011.
Biba: IPT increase would be "counter-intuitive"
The British Insurance Brokers' Association (Biba) has warned the government ahead of the Budget that any increase in the standard rate of insurance premium tax (IPT) would be "counter-intuitive".
Gallagher Heath partners with Lorega on property claims
Gallagher Heath has signed up with Lorega to white-label its loss recovery insurance products and launch Gallagher Heath Assist.
Open GI buys PowerPlace
Open GI has confirmed the purchase of PowerPlace from parent company Towergate for an undisclosed sum.
Bluefin shrugs off Wentworth storm to post rising profit and EBITDA
Bluefin Insurance shrugged off the reported loss of business to broker Wentworth Alexander to record post-tax profit and EBITDA rises for 2012.
Brit reports improved profit and COR
Brit Insurance has reported an operating profit of £113.6m for 2012, up from £68.4m in 2011, in the first full-year results since it divested its UK business.
LV MD: motor rates need to rise
LV managing director John O’Roarke has blamed falling motor rates for the only disappointment in its broker channel results for 2012.
Mixed bag at LV as operating profits soar but underwriting profits plunge
LV has reported a £25m reduction in underwriting profit for 2012, at £5m down from £30m in 2011.
Expertise in Action: Video: The importance of data validation
With data validation increasing in importance, Post sat down with Zurich’s director of personal lines, pricing and underwriting Darren McCauley to discuss this trend.
Expertise in Action: Pricing: A Perfect Storm
The continuing economic downturn and prevalence of large losses make this a difficult period for the insurance industry – but the sector is demonstrating its resilience.
Expertise in Action: Pricing: Looking for support
With brokers calling on insurers to share more information and provide greater practical assistance, how can both parties – and their clients – benefit from better collaboration?
Allianz UK CEO admits broker retail profit and growth was "bridge too far"
Allianz UK CEO Andrew Torrance has admitted that the insurer took a hit on the top line of its retail broker segment in 2012.
Hiscox CEO attributes profit jump to 2012 catastrophe fall
Bronek Masojada, CEO of Hiscox, has described 2012 as a “very good year”, following the release of its annual results.
Chase Templeton adds £5m premium income with broker buy
Private medical insurance specialist intermediary Chase Templeton has purchased Hampshire-based broker UK Independent.
Bluefin in double ex-Jelf appointment for Birmingham and Ludlow
Bluefin Insurance has appointed Jim Pitchforth as development director in its Birmingham office along with Wendy Bushby as commercial broker in its Ludlow office.
Hiscox reports improved GWP, profit and COR
Hiscox has reported gross written premium of £1.6bn for 2012, up from £1.5bn in 2011.
1 Answer Network buys BrokerDrive
1 Answer Network has boosted its "strength in numbers" after buying online broker network BrokerDrive.
Morgans Insurance Broking collapses into administration
A London insurance broker has collapsed into administration, Insurance Age can reveal.
Broker Apprentice Task Two: Regulation Overhaul
I thought this was a good task for the young brokers because I suspected regulation is an area which they haven't had much to do with in the past.
Axa scoops up Slade Edwards' mobile catering scheme
Axa Commercial Lines & Personal Intermediary has swooped for Slade Edwards Insurance Brokers' mobile catering scheme following the broker motor market withdrawal of Ecclesiastical.
Russell Scanlan buys Henson & Company
Russell Scanlan and associate company Russell Ulyatt have bought East Midlands-based Henson & Company.
Wilson returns to Wilsons
Mark Wilson has returned to The Wilson Organisation in Nottingham, just weeks after leaving to join JLT.
Ecclesiastical abandons relocation plans
Ecclesiastical has halted plans to relocate its head office to a new site in Gloucester Docks due to the “continuing challenging economic environment”.
Corporate Underinsurance: Solving the problems
Underinsurance is a common problem and a collaborative approach is needed to stamp out an issue that has gone unresolved for too long