Broker
FSA dishes out £150,000 fine as it bans five for insurance fraud
The Financial Services Authority (FSA) has banned five individuals for failings in relation to insurance fraud. It has also imposed one of its largest ever fines of £150,000 for insurance fraud on one of these individuals and £50,000 on another.
UK inflation rate falls again
Annual inflation in the UK has fallen for the third month in a row to 3.1% in July.
NMJ Insurance buys Protheroe Insurance
NMJ Insurance Brokers has bought Derbyshire-based Protheroe Insurance for an undisclosed fee. The deal for the Belper-based company follows the acquisition of Ridge Insurance in January 2010. It has been acquired from Brian Milward who is retiring from…
Aviation cover on offer from Allianz
Allianz Commercial is offering an aviation products liability solution for commercial customers underwritten by the specialist aviation team at fellow Allianz SE Group member, Allianz Global Corporate & Specialty.
Paymentshield protects payments
An income insurance product that insures against payments has been launched by Paymentshield
Marsh and Mercer merge in Manchester
Marsh and Mercer have announced the consolidation of their Manchester operations into one location.
PB launches special digital only Green edition
PB has launched its first special digital only issue using the latest page turning technology to offer an in-depth guide on how best to adapt to the green economy.
Personal Finance Society appoints ‘champions’ to promote chartered status
The Personal Finance Society has appointed 21 financial planners as ‘chartered champions’ across the UK.
Lucas Fettes launches motor trade scheme for classic car market
Lucas Fettes has launched a new bespoke classic car scheme for the motor trade underwritten by Brit Insurance.
Moorhouse subsidiary targets Northern Irish liability market
Constructaquote.com has expanded its tradesman and small business liability product into Northern Ireland.
PB Week: Bringing a scheme to life
In my role I see lots of scheme propositions from brokers. Some are well established and others are in their early stages. So what makes a scheme a success?
Mervyn King warns UK economy facing “choppy” recovery
The Bank of England has cut its growth forecasts for the UK economy to around 3% for the next two years, down from its previous prediction of around 3.5%.
Beachcroft calls FSA’s PPI policy statement ‘very bad news’
Law firm Beachcroft has criticised the FSA’s policy statement on payment protection insurance.
Ace joins PowerPlace panel
Ace has joined PowerPlace’s panel of insurers and will be making its directors & officers’ product available from 24 August.
Video: Axa claims MD puts weight behind broker levy fight
Axa's managing director of claims, David Williams, talks to Insurance Age about the FSCS levy and insurer responsibility for PPI mis-selling.
Brokers targeted with new PowerPlace appointment
Online commercial insurance marketplace PowerPlace has appointed Darren Rowe as sales director.
RPC research shows FSA resignations up 128% in a year
There has been a 128% leap in the number of staff resigning from the Financial Services Authority in just one year as the government proposes to abolish the regulator, according to city law firm Reynolds Porter Chamberlain.
Insurance rates fall across EMEA, says Marsh
Insurance rates have fallen for certain classes of business across Europe, the Middle East and Africa (EMEA) during the first half of 2010, according to research.
Groupama's broking business revenue remains flat
Combined revenues of Groupama Insurance's UK broking businesses have remained relatively flat at £33.3m during H1 2010 (H1 2009: £34.1m).
Commission seeks input on reforming broker liability
The Law Commissions of England and Wales and of Scotland are seeking views on whether section 53 of the Marine Insurance Act 1906 is still needed.
Howden appoints law firms to surveyors’ panel
Lloyd’s broker, Howden, has created a panel of law firms to provide a range of legal services to its surveying clients. The panel members are Reynolds Porter Chamberlain, Beale and Company, Weightmans and CMS Cameron McKenna.
RSA half year results show premiums up 9%
RSA has announced UK net written premiums of £1.5bn in the first half of 2010, up by 9% compared with the same period of 2009. However, it added its combined operating ratio had slipped from 97.4% to 98.9% for the comparable periods as a result of severe…
Exeter-based broker targets South west with Devon acquistion
Fidelius Insurance Services has acquired Devon-based Ottery Insurance Services for an undisclosed sum.
Broker jailed for £1m fraud
Timothy Barker, formerly of Lloyd's broker Besso, has been jailed for three and a half years for tricking bosses into paying him extra money.