Broker
Sterling loses out to newcomer for Biba scheme
The British Insurance Brokers’ Association (Biba) has chosen newcomer Aqua Underwriting over holding insurer Sterling to run the association’s high net worth (HNW) scheme.
ABI welcomes vote on banning referral fees
The banning of referral fees will be debated in the House of Commons next week and provided the vote is successful, will be added to Legal Aid, Sentencing and Punishment of Offenders Bill, Justice Secretary Kenneth Clarke has announced.
Kingsbridge celebrates chartered 'landmark'
Kingsbridge Risk Solutions has been awarded chartered insurance broker status by the Chartered Insurance Insitute (CII).
Axa tops Brokerbility’s satisfaction survey
The bi-annual survey of Brokerbility’s 34 member firms rating their seven key insurer partners’ performance when dealing with claims, underwriting and accounts has rated Axa Commercial top for overall satisfaction.
New ARP rules for solicitors’ PI forcing law firms to shut down
Brunel Professional Risks has declared that the 2011 solicitors’ professional indemnity (PI) insurance renewal season was notable for the low number of law firms entering the Assigned Risks Pool (ARP).
Ellis Clowes looks to Axa PPP for new commercial director
Ellis Clowes & Company has appointed Karen Woodley as commercial director of the group and board director of Ellis Clowes (Commercial).
Income down at Willis UK
Willis Group has announced a 4% growth in commission and fees for the third quarter of 2011 to $755m (£472.6m) compared to $723m in the same period of 2010.
Willis promotes from within to replace McManus
Willis has appointed Daniel Wilkinson as chief executive officer for Willis United Kingdom & Ireland (WUKI).
Groupama targets PA cross selling
Groupama has released a personal accident (PA) broker toolkit in a move it said was designed to help the 61% of brokers who claimed they had difficulty selling the cover.
Jardine Matheson increases JLT stake to 40%
Jardine Matheson’s bid for a 10% increase in its shareholding of JLT has won both shareholder and regulatory support.
Mitsui Sumitomo completes regional office network
Mitsui Sumitomo at Lloyd’s has confirmed the completion of its regional office network with the opening of branches in Belfast and Glasgow.
LV appoints new leader in Exeter
LV broker has appointed Kevin Wildman to the new role of branch manager for its Exeter office.
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”.
Insurance Age blog: McManus for Towergate?
Well the big news this week is the departure of Brendan McManus, CEO of Willis UK, from the company.
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.
Brendan McManus parts company with Willis
Willis has announced the departure of Brendan McManus, CEO of Willis.
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.
Registration deadline approaches for the 2011 Broker Expo
There are only two weeks to go before Insurance Age’s 2011 Broker Expo at Coventry’s Ricoh Arena opens its doors to 100 exhibitors and hundreds of brokers on 3 November.
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.
Brokers split on SME business cover after riots
A survey by NIG has claimed that business confidence has fallen significantly among SMEs in the wake of the recent riots.
Takaful-focused insurer bought by run-off investment specialists
Randall & Quilter has agreed to buy Principle Insurance for £4.275m cash.