Broker
JLT swoops for Ace CFO
Jardine Lloyd Thompson Group (JLT) has appointed Mike Reynolds, currently chief finance officer at Ace European Group, as its finance director.
Fitch affirms QBE Europe's A+ rating as stable
Fitch Ratings has affirmed QBE Insurance Group’s long-term issuer default rating at A and its subsidiaries’ - including QBE Europe - insurer financial strength (IFS) ratings at A+.
Biba reports improved turnover but schemes income drops
The British Insurance Brokers’ Association (Biba) has reported a turnover of £3.2m for 2011.
FSA cancels broker's permission
The Financial Services Authority (FSA) has cancelled the permission granted to Castle Grove Insurance Services.
Ace optimistic following improvement in COR
Ace has reported operating income of $1.444bn [£916.7m] for the first half of 2012, up from $932m in 2011.
Aon sees profits fall
Aon has reported a 5% fall in profits for the second quarter of 2012 to $246m [£156.3m] compared to $258m in the same period of 2011.
First time tragedy, second time farce
Time to assume the position brokers. That’s right the one where you hold a pen over the cheque book and write out a big number for the Financial Services Compensation Scheme.
FSA publishes new rules on packaged accounts
Banks and building societies will have to check whether customers are eligible to claim on insurance cover before selling them a packaged bank account under new rules published by the Financial Services Authority (FSA).
Be Wiser expands with fourth Hampshire office
Be Wiser Insurance has opened its fourth office in Hampshire to house its audit and compliance department.
Equity Insurance Partnerships in 3-year deal with Royal British Legion
Equity Insurance Partnerships (EIP) has extended its affinity partnership with Poppy Insure, the trading subsidiary of the Royal British Legion.
BLG launches solar insurance product
Building and Land Guarantee (BLG) has launched Solar Shield, a new warranty designed to cover companies installing solar panels on their roofs.
Biba "very concerned" about proposed FSCS cap rise
The British Insurance Brokers' Association (Biba) has raised concerns about the proposal to increase the financial cap on brokers' sub-class in the Financial Services Compensation Scheme (FSCS) by 50% to £300m.
FSA consults on new funding model review for the FSCS
The Financial Services Authority (FSA) has proposed changes to the funding of the Financial Services Compensation Scheme (FSCS) which it claimed could reduce the likelihood of interim levies and offer firms more certainty in the level of fees they pay.
Hiscox launches global media, entertainment and events division
Hiscox has merged its operations in global media, entertainment and events with a new division to be headed up by Suzanne Kemble.
AA: Home insurance premiums remain flat in Q2 but set to rise
The average cost of an annual home insurance policy, both buildings and contents, fell slightly over the second quarter of 2012, according to figures released by the AA.
Motor premiums back to upward trend, AA reveals
Car insurance premiums rose in the quarter ended June 2012, according to the latest AA British Insurance Premium Index.
Cobra shareholders accept £7.3m offer
Cobra Holdings has received approval from shareholders totalling 98.05% of the company for the offer from Alto Intermediary Group.
Prime Professions reveals PI tie-up with Axis Speciality
Prime Professions has teamed up with Axis Speciality to offer private indemnity (PI) insurance to sole practitioners and small firms.
Macmillan Sheikh delivers unoccupied property insurance scheme
Macmillan Sheikh has launched a scheme for unoccupied commercial and residential properties designed to offer cover to premises which are for sale, to let, undergoing renovation or in probate.
Henderson expands in North East with IFA purchase
Henderson Insurance Brokers has acquired Hartlepool-based independent financial advisor (IFA) Arlington for an undisclosed sum.
Former broker fined £500,000 over "serious failings"
The Financial Services Authority (FSA) has banned and hit a former insurance broker with a £471,846 fine for the misappropriation of premiums.
CMC launches new insurance business
iSmart, the Northampton-based claims management company, has launched a new insurance business.
Aon appoints branch director for Birmingham
Aon Risk Solutions has appointed Stuart Hutchings as branch director for its Birmingham office as part of a longer-term investment in the region.
CII on hunt for fresh industry talent
The Chartered Insurance Institute (CII) is on the lookout for the next batch of contestants for its New Generation Groups programme.