Broker
Axa UK optimistic following 2011 results
Axa UK has reported a combined operating ratio of 98.9% for 2011, an improvement of 6.4% on 2010.
Fitch rates FM Global AA for sixth year in a row
FM Global has retained its ‘AA’ rating in financial strength, and been given a ‘Stable’ outlook, for the sixth year running by Fitch Ratings.
Broker Network signs up equestrian specialist
Shearwater Insurance has become a member of Towergate-owned Broker Network.
Bollington reshuffles board
Bollington has restructured its board of directors and appointed Chris Patterson as group managing director.
Marsh reports increase in revenue and profit
Marsh & McLennan Companies, parent company of broking giant Marsh, has reported a 9.3% increase in total revenue to $11.53bn (£7.35bn) for 2011 from $10.55bn in 2010.
Disappointing results for Willis show income halved last year
Willis has reported total commissions and fees of $816m (£520m) for the fourth quarter of 2011, down from $823m in the same quarter of 2010.
Seán Quinn faces jail over contempt of court charge
Contempt of court proceedings have been initiated against Seán Quinn and two family members, the Irish Times has reported.
Biba confirms £1,500 prize for young broker competition
Nominations have now opened for the British Insurance Brokers’ Association (Biba) Young Broker of the Year Award 2012.
Thailand flooding claims estimated at £1.4bn
Lloyd's has announced its estimated net claims from the flooding in Thailand last year will be $2.2bn (£1.4bn).
Ageas confirms it is suing Kwik-Fit
Ageas has confirmed it is to take legal action against Kwik-Fit.
Mapfre points to broker commitment with new appointment
Mapfre Abraxas has appointed Skye Khilji as key account manager in its finance and insurance division.
CII appoints Bluefin CEO
Stuart Reid, chief executive officer at Bluefin, has been appointed as chair of the Chartered Insurance Institute’s (CII) insurance broking faculty.
Manchester appointments boost regional underwriting presence
Arista and Sterling have both made several appointments to their offices in Manchester.
Ageas sues Kwik-Fit over insurance arm deal
Ageas is suing Kwik-Fit over liabilities relating to the £215m purchase of the company's insurance arm in 2010.
Broker's Ark
If you’ll excuse the mixed metaphor, I think the topic most likely to explode in insurance land this year is flooding.
AA latest provider to dive into telematics
The AA has unveiled Drivesave, a telematics product designed to reward safe drivers with lower premiums.
RSA CEO vows to simplify business
Adrian Brown, UK and Western Europe CEO at RSA, has announced plans to simplify the business in order to get closer to brokers and consumers.
Network announces membership target as it expands into commercial
Personal lines specialist,1 Answer Network, has predicted that it will have 100 members by 2013.
Acturis vows to revolutionise personal lines
Acturis is poised to make an attack upon the personal lines market with two key hires.
Thistle appoints new CEO
James Twining has been appointed chief executive officer of JLT-owned managing general agent (MGA) Thistle Insurance.
TomTom enters UK motor market with CCV broker
Dutch navigation systems maker TomTom has entered the motor insurance market in a deal with CCV-owned Motaquote.
HomeServe axes 200 jobs
HomeServe has announced it is to cut 200 jobs in the UK.
JLT opens new Reading office
JLT has announced it is opening a new regional office in Reading.
Video: What the Papers Say latest edition
Joining Martin Friel and Emmanuel Kenning this month is Ant Gould, director of Faculties at the CII.