Broker
Ecclesiastical back in the black
Ecclesiastical has announced a return to profit in 2009 with pre-tax results of £79m, the second highest in its history. The profit is in marked contrast to last year’s loss of £22.5m.
Lloyd's announces record profit of £3.9bn for 2009
Lloyd's has reported a record £3.9bn profit for 2009, compare to £1.9bn the previous year.
1 Answer Network releases online mid-HNW offering
1 Answer Network has launched a new RSA-backed online product aimed at the ‘mid high-net-worth’ sector.
Markel raids Allianz for hull and war underwriter
Markel International, the specialty property and casualty insurer, has appointed Daniel McCarthy as an underwriter in the hull and war team within its marine and energy division.
Canopius reports record results
Canopius Group, a privately-owned Lloyd’s insurance underwriting business, today announced a record performance for the year ended 31 December 2009.
CBG reports fall in revenue and profit
Manchester-based insurance broker and financial services specialist CBG Group has reported a drop in revenue to £8.96m for 2009 (2008: £11.15) and fall in pre-tax profits to £1.03m (2008: £2.25m).
Abba bought by RG Ford
Chelmsford-based RG Ford Insurance Brokers has completed the first of the five acquisitions it said it expected to make in 2010
Towergate makes further changes to management structure
Internal promotions see appointment of new managing director and chief information officer
Report shows UK business insolvencies down 15% year-on-year in February
The latest Insolvency Index from information services company Experian has revealed a year-on-year fall in business insolvencies during February.
Gamage and Cosh launch Invicta Insurance Services
Former operations manager at Woodstock Insurance Brokers, Steve Gamage, has set up a new broking service provider called Invicta Insurance Services.
Manson Insurance Group reveals growth plans
Manson Insurance Group, part of Jelf Group, is moving to larger premises in the Manchester business district.
Insurance fraud could reach £2.5bn in 2010, says Experian
General insurance fraud losses could reach £2.5bn during 2010,according to global information services company Experian.
Biba broadens PMI group remit
The British Insurance Brokers’ Association (Biba) has today (19 March) announced that its Private Medical Insurance (PMI) Group will broaden its remit to include areas such as income protection, critical illness, and group life insurance as well as PMI.
Biba blasts FSA stance on adequate resources
Eric Galbraith, chief executive of the British Insurance Brokers' Association (Biba), has criticised the Financial Services Authority's (FSA) approach to adequate resources.
Lorega raids Axa for broker business development manager
Loss recovery insurance specialist Lorega has appointed Jonathan Mainwaring as broker business development manager for the southern region.
Allianz wins Darren Bent credit hire appeal
Allianz has today (18 March) won a ruling at the Court of Appeal which returns the credit hire related case of England striker Darren Bent back to court in Cambridge.
What the Papers Say - latest edition
Stories analysed this month include: FSA levies and fees; delay in Tory regulatory plans; declining claims service; and the Government's abortive dog insurance plan which has recently been shelved.
PPI reimbursement could cost up to £3bn, warns report
The Financial Services Authority (FSA) consultation document on Payment Protection Insurance (PPI) mis-selling has costly and serious ramifications for the PPI industry, according to Defaqto.
Majority seek broker recommendations when buying PMI, according to study
A recent survey by specialist healthcare insurer National Friendly has found that word of mouth is proving most effective in securing new private medical insurance (PMI) business for brokers
PB Week: Thinking about the election
Last week, dear reader(s) I brought to you the furore surrounding the compulsory dog insurance proposal from the government, writes Emmanuel Kenning, reporter at PB.
Amii and the CII launch new exam in Healthcare Insurance Products
The bodies are set to unveil the syllabus and discuss the market in general at Amii's AGM
Plum unveils aggressive growth plans
Non-standard household specialist Plum Underwriting has announced its intention to accelerate the growth of the business over the next two years.
Unite announces British Airways strike dates
BA cabin crew set to strike
Home and Legacy chooses Keychoice
Home & Legacy has become the latest insurance provider to join the household panel of Keychoice Network.