Broker
Brokers declare support for central database of fraudsters
The vast majority of brokers feel penalties for insurance fraud should be higher and a central database of fraudsters, used at point of sale, would help to deter fraud according to a survey by Groupama Insurances.
FSA publishes Annual Report for 2010/11
The Financial Services Authority (FSA) has published its annual report for 2010/11, outlining its performance against the priorities set out in its 2010/11 Business Plan and its statutory objectives.
Biba’s 7000 strong FSCS petition delivered to MPs
The British Insurance Brokers' Association (Biba) has presented its Financial Services Compensation Scheme (FSCS) petition of nearly 7000 member signatures to Jonathan Evans MP at the House of Commons.
Meerkats and opera singers come under the FSA's spotlight
The FSA's announcement of guidance for aggregators when it comes to treating customers fairly in the selling of general insurance has provoked a flurry of responses from you the loyal reader. Perhaps you're tired of the large opera singer and Aleksandr…
CBG launches cover for booze industry
CBG has launched an insurance product to meet the specialist needs of the commercial brewery industry.
Compare The Market also welcomes FSA review
Insurance comparison website Compare The Market has added its voice to the industry’s welcome for the Financial Services Authority’s (FSA) review into whether aggregators are treating customers fairly.
What the papers say - June 2011
In this month’s edition of What The Papers Say, Insurance Age editor Martin Friel and senior reporter Emmanuel Kenning discuss the biggest stories in insurance with Paul Upton, chief executive officer of Evolution Underwriting.
Gocompare responds to FSA’s comparison site review
The only aggregator currently a member of the British Insurance Brokers' Association (Biba), Gocompare.com, has welcomed the Financial Services Authority’s (FSA) proposed guidelines for comparison sites.
Biba welcomes FSA proposed guidance for comparison websites
The British Insurance Brokers’ Association (Biba) has welcomed the Financial Services Authority’s (FSA) guidance consultation for insurance comparison websites.
New chairman for Howden
Howden Insurance Brokers has appointed Lorraine Adlam as chairman.
Gallagher raids Towergate for senior hires
Gallagher International has poached the managing directors of two of Towergate's largest underwriting units.
Markerstudy breaks into commercial motor with broker buy
Markerstudy Group has acquired Blagrove Insurance Brokers, located in Carterton, Oxfordshire.
Giles offloads life science arm to Oamps
Oamps Special Risks is understood to have bought Giles’ life sciences division.
European network targeting independent UK brokers
Trust Risk Control, a European network of independent insurance brokers, has signed an agreement with Asferica Consulting to provide a presence in the United Kingdom for brokers looking to compete for international business.
Brightside splits management roles
Brightside Group has decided to split the roles of chief executive officer and finance director citing the “interests of good governance”.
Acquisitions an option for Jelf
Group chief executive at Jelf, Alex Alway, has confirmed the consolidator remains in the market for acquisitions but only at the right price.
Ink boosts PI team ahead of solicitors’ renewal season
Ink Insurance has appointed two lead underwriters from St Mary Underwriting as it looks to expand in the solicitors’ professional indemnity (PI) market.
Allianz launches motor add-on for retail brokers
Allianz has launched Allianz Pro-Motor Rescue, an add-on motor insurance product.
Revenue flat as Jelf moves into profit
Jelf has announced a profit before tax of £0.8m in its interim results for the six months ended 31 March 2011 reversing its loss of £1.2m in 2010.
Broking market offers mixed reaction to Hodges' appointment
Mark Hodges’ move from Aviva to Towergate and his replacement by Trevor Matthews of Friends Life has been met with mixed reaction from brokers.
No resignations, no regrets says Homer
Andy Homer has confirmed that Towergate came close to making an internal appointment ahead of its decision to poach Mark Hodges from Aviva for the chief executive role.
Hodges to continue acquisition drive at Towergate
Towergate chairman Alastair Lyons said he was "absolutely delighted" at the arrival of Mark Hodges from Aviva and promised the company would continue on its broker acquisition path.