Broker
Aviva UK GI delivers steady 98% COR amid 2013 pay freeze
Aviva delivered a steady UK combined operating ratio (COR) of 98% for 2012 as the group confirmed that its executive directors would not receive any annual bonuses.
Direct Fleet goes to Cobra for new renewals manager
Direct Fleet Insurance has appointed Joanne Cassidy as renewals manager.
JLT adds to financial institutions team
JLT Specialty (JLT) has added Roger Maxted, John Greene and Tracy Miller to its financial institutions team.
L&G GI reports GWP growth while profit and COR decline
Legal & General’s (L&G) general insurance (GI) division has reported gross written premium of £349m for 2012, up from the £304m reported in 2011.
Policy Shop unveils ex-AA Insurance boss in non-exec role
Policy Shop has named former AA Insurance Services boss Andy Briscoe as non-executive chairman.
Axa regaining brokers trust at Bolton NTC
Axa was losing business to other insurers before it restructured its Bolton branch as a national trading centre (NTC), according to Chris Maguire, manager of the NTC.
Insurer view: Ditch the "old-boys' network" and get professional
Hiscox believes that brokers should stop relying on the "old boys' network" and instead strive for professionalism by securing chartered status.
CII unveils new claims faculty chairman
The Chartered Insurance Institute (CII) has unveiled Ecclesiastical's claims and risk services director David Bonehill as its claims faculty board chairman.
JLT enjoys 20% profit growth
Jardine Lloyd Thompson (JLT) has seen its 2012 profits jump by 20% as it delivered organic growth of 7%.
Biba strikes Toba template agreement
The Association of British Insurers (Biba) has agreed "a template" for terms of business agreements (Tobas) between brokers and insurers.
Thomas Carroll expands senior team in regional push
Thomas Carroll Group has added two senior executives to its commercial insurance division.
Broker Apprentice Episode Five: The Schemes task begins
In one of the market's hottest topic for brokers, can the Broker Apprentice hopefuls persuade Chris Hanks that they have the vision, skills and market knowledge to be able to mine a niche?
Four insurance companies win places on Sunday Times Top 100 list
Four insurance companies have made it into the 2013 Sunday Times 100 Best Companies List as the 25 Best Big Companies List was also revealed.
Insurance insolvencies remain in single figures
Research from Experian has revealed there were nine company insolvencies in the insurance sector in January 2013.
FSA regulatory inspections leap during 2012
Regulatory inspections of insurers for the first nine months of 2012 were up 38% on the total amount conducted for 2011, a survey has found.
Coface reports jump in profit amid 2013 economy warning
Coface has reported a €129m (£112m) net profit for 2012, up 80% from 2011.
BT launches motor claims legal services company with ABS
BT has launched a new legal services business for corporate customers, initially in the motor claims market, named BT Law Limited.
Marsh creates corporate division and structure
Marsh has launched a new corporate division within its UK and Ireland business, bringing together its national corporate and risk management practices as well as Marsh Risk Consulting.
Towergate and Lorega in new five-year deal
Lorega has partnered with Towergate to provide loss recovery products to the broker’s clients.
Editor’s letter - March 2013
“Every voice deserves to be heard. The debate is too important for an unhinged or skewed diatribe”
Market welcomes Bupa’s B2C decision
But Amii voices frustration over Bupa’s communication process with brokers
Brokers facing further FSCS levy hikes
Regulator blames uncertainty over PPI claims for demanding a £20m interim levy for 2012/13
Market moves: Networks in the news
There was a lot to admire in the broker-related market moves last month. Networks decided en masse to grab their share of the limelight. Having delivered a quiet quarter or so they certainly achieved it by bursting back into life with one appointment in…
Insurers split over value of chartered status
Insurance Age survey shows a plethora of views on the need for brokers to gain chartered status and the best ways to demonstrate professionalism