Broker
Solicitors' PI renewal season expected to be tough
The 2011 renewal for solicitors’ professional indemnity (PI) cover could be a hard one for many with deteriorating claims and insurers underwriting at a macro level.
Video: How brokers can make the most of social media
As part of a special 13th edition, dedicated to digital marketing in the broking sector, Insurance Age has spoken to a number of experts about various aspects of the digital, business world.
Carole Nash's profit squeezed by recession
Carole Nash has reported a reduction in pre-tax profit for the year ended December 31st 2010, the second consecutive year the broker has done so.
Trade body warns against using claims management companies
The British Bankers’ Association (BBA) has said the increase in Payment Protection Insurance (PPI) claims was “not unexpected” and warned consumers against using claims management companies to make a claim.
HSBC to miss PPI deadline
HSBC has confirmed it will miss the deadline imposed by the Financial Services Authority (FSA) to deal with the backlog of Payment Protection Insurance (PPI) complaints by 31 August 2011.
PPI payments hit £215m in first half of 2011
The Financial Services Authority (FSA) has revealed that consumers who complained about being mis-sold payment protection insurance (PPI) received £215m from firms in the first six months of 2011.
Travelers targeting Lloyd’s growth
Travelers has announced a series of promotions within its Lloyd’s operation, Travelers Syndicate Management (Syndicate 5000), to support long-term development in the market.
Insurance Age blog: Some economics of commercial market hardening
Now, as you may have guessed from my previous ramblings I’m no economist. And even I realise that reading too much into two sets of data this month could be dangerous but they really have got me thinking about the old chestnut that is commercial market…
Brokers want service and commission for their schemes
Half of all UK brokers are managing various types of schemes and they want high commissions to keep it with one provider, according to a study.
Giles offer for CBG Group “unconditional”
Giles Insurance Brokers’ cash offer for CGB Group, has now been declared unconditional.
Ellis joins Prince’s Trust Insurance Leadership Group
Grant Ellis, chairman of the Broker Network Group and Countrywide Insurance Marketing, is set to join the committee of The Prince’s Trust Insurance Leadership Group (ILG).
Alan Boswell opens three new offices
Alan Boswell Group has opened new offices in the City of London, Ely and Norwich.
Greater PI choice for brokers with new wholesale offering
Brunel Professional Risks has launched a wholesale professional indemnity (PI) broking service which it claimed gives brokers access to a wide PI market.
Giles acquisition of CBG extended
Giles Insurance Brokers' recommended cash offer for CBG Group has been extended until 31 August.
Insolvencies on the increase, survey shows
The latest Insolvency Index has revealed an increase in the national rate of insolvencies with 0.10% of firms failing in July 2011, up from 0.08% in July 2010.
Towergate Perth makes corporate push with Giles hire
Towergate Insurance in Perth has snapped up a corporate specialist from rival broker Giles.
Oxygen develops niche home insurance scheme
Oxygen Insurance Brokers has launched a home insurance scheme offering tailored insurance cover for psychological professionals in the UK who see clients at home.
Towergate reveals 11 regional MDs
Towergate Retail has unveiled the area managing directors who will represent the new broking division under managing director, Dave Partington.
FSA threatens action against small brokers over add-ons
Small brokers are not treating their customers fairly and are not even sure whether they are conducting an advised or non-advised sale when selling add-ons according to a report from the regulator.
Editor’s letter - August 2011
“My guess is that although there will be further high-profile examples made, this type of practice will continue unfettered”
Simply Business partners with Moneysupermarket
Simply Business has announced it is providing a small business insurance service on Moneysupermarket.com.
FSA sharpens teeth in advance of new powers of intervention
More financial services businesses are being forced to amend or withdraw advertising material following intervention by the Financial Services Authority (FSA) as it clamps down on misleading adverts, Reynolds Porter Chamberlain (RPC) has claimed.
Prime Professions wins PI contract in problem area
Prime Professions has won the contract to manage the Council for Licensed Conveyancers’ (CLC) Master Policy Scheme from fellow broker CJ Coleman.