Broker
JLT to restructure business to maximise benefits of managing general underwriter Thistle
Jardine Lloyd Thompson (JLT) has announced a 14% rise in fees and commissions to £612.9m in 2009 (2008: £526.1m) while underlying trading profit increased by 28% to £97.1m (2008: £76.2m).
Drogba off the Hook with a fine after having no valid insurance
Chelsea striker Didier Drogba has escaped a ban after admitting he thought his French insurance covered him in the UK.
PowerPlace develops its RSA and NIG offering
PowerPlace has announced the launch of RSA’s motor trade along with pubs & restaurants from NIG on its online commercial insurance marketplace.
Report reveals 54% rise in false insurance claims
False insurance claims and identity fraud is on the rise according to a report by fraud prevention service the Credit Industry Fraud Avoidance System (Cifas).
Police warn of rise in staged road traffic accidents
The Metropolitan Police has warned of an increase in deliberately induced road collisions in the M25 area.
NEDs receive "inflation busting pay increases"
The average basic fee for non-executive directors (NEDs) in the FTSE-100 has risen by 5.1% over the last year to £58,595, according to Incomes Data Services (IDS).
Chile earthquake insured losses likely to top $2bn
AIR Worldwide estimates that insured losses from the Chile earthquake are likely to exceed $2bn and that total economic losses may exceed $15bn.
Gio Compario ups aggregator's traffic
Go Compare's latest advertising campaign featuring opera singer Wynne Evans who plays a fictional tenor called Gio Compario is working.
Towergate Underwriting expands into Newcastle
Towergate Underwriting has opened its new office in Newcastle to serve brokers based in the North East and Cumbria.
Robert Hiscox announces record results: "World belongs to the discontented"
Unveiling record profits, Hiscox's chairman Robert Hiscox vows profitable growth will continue
Industry responds to Geneva Association report
The insurance industry has responded positively to The Geneva Association’s report, Systemic Risk in Insurance.
No systemic risk from insurance core activities reports The Geneva Association
International insurance think tank, The Geneva Association, has published its report, Systemic Risk in Insurance.
The PB Interview: View from the rock
Markerstudy was the first insurer to underwrite in the UK from Gibraltar, courting inevitable controversy. Andrew Tjaardstra meets group underwriting director Gary Humphreys to discover its success in becoming a major player in the broking and…
UK economic growth revised to 0.3% for 4th quarter 2009
The economy grew more than the 0.1% originally thought in the last quarter of 2009
Viewpoint: A tale of contrasting fortunes
RBS Insurance has been one of the great profitable success stories in insurance ever since it controversially promised to cut out the middlemen. Yet 2009 was a year of turmoil for the insurer, seeing its profits plummet over £500m and closing its premium…
Reportage: Leading the claims way
Guiding clients through the claims process is a crucial element of broker service. Louise Meeson explores the role of the intermediary and the benefits of guaranteeing a reliable claims service
Interview: Eric Galbraith - The voice of unity
Biba's Eric Galbraith talks to Martin Friel about the importance of forming a single industry voice following the defection of Liiba
UK businesses improve payment performance
UK businesses improved their payment performance for the fifth time in the last six months in January, according to the latest Late Payment Index from Experian.
Aviva joins forces with SSP
Aviva has teamed up with global IT company SSP to give 600 extra brokers access to personal lines products.
Report: Scotland financial services sector set to suffer more job losses
A report in today's Daily Telegraph claims 16,500 people will have lost their jobs in the financial services sector over 2009 and 2010
RBS Insurance profits crash
Government and taxpayer backed insurer's operating profits have dropped to £58m
Over two-thirds start insurance search on comparison websites
New research from Global Reviews, the customer experience benchmarking company, has found that over two thirds (70%) of people now start their searches for insurance on a comparison website.
Biba criticises RICS transparency report
The British Insurance Brokers’ Association (Biba) said it is disappointed with the Royal Institution of Chartered Surveyors (RICS) final report Transparency in professional fees.