Commercial
BIBA 2010: Ace launches four new enhanced business covers
Ace UK was today due to launch a suite of new products targeting companies with one or more overseas branches, retailers, hotel groups and machinery manufacturers.
BIBA 2010: Bluefin ties up APC deal
Commercial insurance underwriting agency APC has struck a deal with Bluefin to provide its network brokers with access to a full range of commercial insurance packages.
BIBA 2010: Over half of brokers see value in online platforms
Over half of British insurance brokers believe using an online platform to trade with carriers will help them retain commercial insurance business that would otherwise go direct.
Lloyd's broker PYV and RSA launch new PI scheme
PYV, the Lloyd’s and specialist professional indemnity (PI) insurance broker, and RSA have launched a new PI scheme for appointed representatives of Sesame and Sesame Direct members.
Allianz sees profits slip 10 points in first quarter
Allianz Insurance's pre-tax profits have slumped more than 10% to £36.7m (£41.1m: 2009) for the first quarter of 2010, despite a near 5% increase in gross written premium (GWP) to £411.3m.
FSA criticises brokers' anti-bribery and corruption standards
The Financial Services Authority (FSA) has published the findings of its recent review of anti-bribery and corruption systems and controls in commercial insurance broker firms.
Coverzones bought out of administration
Coverzones’ assets have been bought out of administration by its management team, supported by an unnamed major private investor.
Quinn to quit UK PI
Quinn Insurance will not reopen its professional indemnity (PI) business in the UK despite the likelihood it will recommence underwriting other commercial lines.
Bluefin completes first acquisition in planned consolidation surge
Stuart Reid has acquired the general insurance business of Peterborough based G M Towns & Partners.
SMEs give wary approval to new Government
The Forum of Private Business has given a cautious welcome to the new Prime Minister, David Cameron, and the formation of a coalition government between his party and the Liberal Democrats.
Aviva's results suggest GI recovery
Aviva’s first quarter statement has shown “a return to volume growth in 2010” despite tough conditions and cost cutting.
Heath Lambert wins insurance contract
Heath Lambert has won the contract to provide all general insurance cover for industrial and domestic services giant BSS Group.
SMEs crave post-election certainty following hung parliament
The Forum of Private Business has commented on the election result
The PB Sentiment Survey - May 2010
The first PB Sentiment Survey of 2010 uncovers concerns over dual pricing, evidence of market hardening in personal, but not commercial lines, and sparse signs of nascent recovery.
Keelan Westall revamps broker club
The commercial property insurance broker has announced the re-launch of its Prestige Broker Club – a newly enhanced membership proposition for its top performing broker partners.
Product review: Typical commercial legal cover blended with EPL
This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits.
Product review: Essential PL and EL minus the package
This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits.
Coverzones ceases trading
In a statement on its website, Coverzones, the online business insurance price comparison and policy management firm said: “This site is closed and Coverzones is not accepting any new business.”
CCV makes third acquistion of the year
Cullum Capital Ventures (CCV) has acquired the general insurance portfolio of DTE Risk & Financial Management.
News Analysis: Quinntessential downfall
Quinn insurance and the Quinn Group are going through a crisis, writes Andrew Tjaardstra.
Helping yourself
Anne Hudson outlines the benefits of commercial insurance e-trading and urges brokers to embrace web self-service or risk being left on the shelf
Industry professionalism: Where to now?
The rapidly changing world is presenting fresh challenges for brokers. Keith Hector discusses how they must embrace developments in order to prosper and explores what insurers can do to enhance service.
Regional power hour – Glasgow : The e-factor
This month's regional power hour, sponsored by Ecclesiastical, asks what impact e-trading has had on the market and what concerns exist regarding its future. Liz McMahon reports.
News: Brokers given heads up on cottage trade rising potential
Brokers have been urged to take full advantage of the recession-fuelled growth of sole traders as demand for cover for 'cottage trades' increases.