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King quits RFIB

RFIB has confirmed that chief executive officer and minority shareholder Marshall King will be leaving the company and that current group chief financial officer Jonathan Turnbull will take up the position of CEO with immediate effect.

Lord Turner calls for debate on higher FCA costs

Lord Turner, chairman of the Financial Services Authority, has called on parliament to give the Financial Conduct Authority (FCA) “the powers and teeth to act early to intervene and prevent customer detriment from occurring”.

Towergate losses accelerate to £21.3m

A Towergate report to bondholders for the second quarter of 2011 has revealed the broking giant lost £21.3m in the first half of 2011, up from £13.7m in the same period of 2010.

Video: What the Papers Say

Joining Insurance Age editor, Martin Friel, for this month's round-up is Dan Tunna, external communications at Allianz, and Emmanuel Kenning, features editor at Insurance Age.

Insurance sector paying bills later

Companies in the insurance sector paid their bills an average of 19.78 days late in the third quarter of 2011, an increase of nearly 1.5 days on the previous three months, according to research from Experian.

Keelan Westall boosts underwriting agency

Keelan Westall has appointed Simona Wilson to its in-house underwriting agency as team leader and promoted Caroline Dixon to underwriting manager as it looks to strengthen the division.

Confidence among SMEs slumps

The Federation of Small Businesses’ (FSB) Voice of Small Business Index has revealed that confidence among SMEs slumped by 9.6 points from a positive 0.3 to -9.3 in the third quarter of 2011.

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