Broker
Sentiment Survey Spring 2012
The latest Sentiment Survey covers market hardening expectations, increasing broker engagement with social media and the priorities for Biba, all according to brokers
Products: Paymentshield updates its online system
Paymentshield has announced an investment of over £2m in its Inertia Online System, and an overhaul of its insurer panel, in a bid to enhance the products and services it offers to brokers.
Income pressure to hamper premium recovery until 2015
Non-life premiums will not recover to 2003 levels until after 2015, according to the Ernst & Young ITEM Club Outlook for financial services.
Willis has good Q1 but UK performance drags
Willis has had a good start to 2012 delivering $225m (£139m) in net income for the first quarter compared to $35m in the same period last year.
New health product aims to side-step NHS waiting times
Westfield Health has launched a new corporate health insurance product providing private cover for non-urgent surgical procedures.
JLT claims positive start to 2012
Jardine Lloyd Thompson (JLT) said its financial position remains strong, in an interim management statement covering the period between 1 January and 25 April 2012.
Canopius offer for Omega recommended
Canopius has made a cash offer of 67p per share for Omega Insurance Holdings.
Aspen reports 50% jump in COR as it increases GWP by $100m
Aspen Insurance Holdings reported an improvement of more than 50% to its combined operating ratio (COR) from 148.7% in the first three months of 2011 to 93.8% in the first quarter of 2012.
Broker Direct seeking similar deals following Zurich win
Broker Direct has won the contract to distribute Zurich-branded personal lines motor and household products through regional brokers.
Dual appoints deputy chief from Zurich
Dual Group has appointed Shane Doyle as deputy CEO, reporting to CEO Damien Coates.
Admiral reports improved turnover for Q1
Admiral Group increased its turnover to £586m in the first quarter of 2012, up 9% from £539m in Q1 2011.
Towergate posts loss of £75.5m for 2011
Towergate has reported a £75.5m loss before tax for 2011, compared to a loss of £14.2m in 2010.
Amlin UK reports 7.1% improvement in GWP
Amlin UK has reported gross written premium (GWP) of £312.4m for 2011, up 7.1% from the 2010 figure of £291.8m.
Bluefin appoints JLT man to beef up Midlands presence
Bluefin has appointed Nigel Bartlett as branch director of its corporate division office in Birmingham.
Data leaves businesses open to digital fraud study warns
Fraud increased by 13% in the first three months of 2012, according to CIFAS, the UK’s fraud prevention service.
UK in double dip recession
The British economy has been thrown back into recession following a 0.2% fall in GDP during the first quarter of 2012.
Rate of business insolvencies steadies despite double dip recession
New data shows that the rate of business insolvencies has steadied despite the UK economy’s dip into a second recession.
Young women drivers face premium hikes of 25% in 2013 warns AA
Average motor premiums fell in the first quarter of 2012 but rose for young women drivers, according to figures from the AA.
Equity and Cunningham Lindsey in claims partnership
Equity Red Star’s home insurance division has paired up with Cunningham Lindsey UK to form a dedicated claims team.
1 Answer Network to tackle commercial lines with Powerplace hire
Personal lines network 1 Answer has moved to further bolster its fledgling commercial lines offering with a new appointment.
Towergate snaps up trio of brokers
Towergate Insurance has made three acquisitions.
Ai Claims board recommends Quindell deal
The board of Ai Claims has recommended that an offer for the remaining 22.4% of shares in the company be accepted.
Giles sales director leaves for Tyser
Tysers has appointed John McLaren-Stewart as UK sales and marketing director from broking giant Giles where he was the UK sales director.
Groupama announces second scheme deal in a week
Groupama Insurances has won the contract to underwrite a new non-standard motor insurance scheme for Norfolk-based Adrian Flux.