Commercial
Power hour: A flood defence drought
The coalition has already announced that flood defence spending is to be cut. With the Statement of Principles due to run out in 2013 this month's discussion focuses on the possible impact for insurance. Emmanuel Kenning reports from Manchester.
Agenda: KIC 2010 results and 2011 outlook
Letter to president Petrov Arverbeyev Kazakhstan Insurance Company
News review: January 2011
Groupama announced its plans to transfer the Liverpool and Glasgow-based commercial motor accounts of broker Choice Quote to its sister business Bollington, as part of a restructure of its GUK Broking Services arm.
Viewpoint: Changing tactics
The market is buzzing with talk about the introduction of variable commission on individual commercial policies. Malcolm Smith asks what the implications will be for brokers, insurers and policyholders.
Prime Professions hits back
Prime Professions has rejected claims it is struggling financially and had been in discussions with Aon about a takeover late last year.
Delay to Bribery Act should not distract businesses, says PWC
The Ministry of Justice (MoJ) has confirmed that the Bribery Act, due to come into force in April, will be delayed until it has issued further guidance to businesses.
Jelf Insurance Brokers set for 'aggressive' growth despite dip in revenue and profits
Premium finance arrangements are the reason behind the shortfall in Jelf Group’s insurance business, says chief executive Alex Alway.
Saffron continues growth spree with Chris Semmens merger
Saffron Insurance has merged with Baldock-based Chris Semmens (Commercial) Insurance Broker.
Arista opens Leeds office
Arista Insurance has expanded its branch network to seven by opening a new permanent office in Leeds.
Simply Business claims commercial insurance platform first
Simply Business has launched what it says is the commercial insurance industry’s first live online tracking platform for its customers going through the claims process.
UK General Insurance targets smaller brokers with launch of commercial property scheme
UK General Insurance has added to its smart schemes initiative with a tailored commercial property scheme targeting upwards of £150,000 gross written premium.
Insurance law firms Parabis and Everatt join forces
Parabis Law has merged with Everatt & Company, creating what they claim to be a £100m plus turnover business with more than 60 partners.
Launch of MGAA may hinge on insurer and supplier take up
The future of the Managing General Agents’ Association (MGAA) could be dependent upon appetite from insurers and suppliers, according to the chairman of its steering committee.
Momentum signs up three brokers
Momentum, the recently launched support and development service for new and existing insurance brokers, has been joined by three brokers.
Woodstock makes three acquisitions in a year
Endsleigh-owned Woodstock Insurance Brokers has confirmed the acquisition of a book of business from the personal lines arm of Clear Insurance.
Heath Lambert wins major pub contract
Heath Lambert has been appointed to provide all general insurances for one of the UK’s largest pub retailers, Enterprise Inns.
Quantative easing now back on the cards as UK economy shrinks by 0.5%
The Office for National Statistics (ONS) has revealed that UK GDP contracted by 0.5% in the fourth quarter of 2010.
The British Insurance Awards 2011: a call for nominations
The British Insurance Awards 2011 are now officially open for entries. These prestigious awards, for the entire UK general insurance industry, will be presented at the Royal Albert Hall on the evening of the 6th July.
RSA expects 2010 profits to approach £630m despite bad weather impact
RSA has announced the impact of adverse weather in November and December 2010 to be around £142m above normal levels with full year costs predicted to hit £255m.
Simply Business targets £100m GWP
Simply Business, the online broker for small to medium sized enterprise business, has unveiled a gross written premium target of £100m by the end of 2012, up from £41m last year.
1 Answer becomes first network to sign up to Powerplace
Personal lines network, 1 Answer, has pushed into the commercial arena by joining Powerplace.
Oamps grows UK presence with credit team
Oamps Special Risks has launched a new credit insurance division in the UK, Oamps Credit.
New general insurance technology offering for intermediaries launched
Founding directors, Gregg Taylor and Neil Harkin, have launched What-Insure, a general insurance trading platform for intermediaries.
Cullum bags CBE for business and charity work
Towergate Partnership founder and chairman Peter Cullum has been recognised as a Commander of the Order of the British Empire in the Queen's New Year Honours List.