Commercial
Leaked Brit takeover offer sparks FSA investigation
The Financial Services Authority (FSA) has launched an investigation into the private equity bid for Brit Insurance after details of the approach were leaked before the stock exchange was informed.
Light at the end of the FSCS levy tunnel?
It remains unclear whether brokers left reeling by huge increases in the Financial Services Compensation Scheme will be able to seek a retrospective reduction from the regulator.
MMA grows micro offering
Broker-only insurer MMA is adding a series of new products to the remit of its micro underwriting team as part of a first year review.
Emergency Budget 2010: PMI costs set to soar due to IPT rise, claims Healix
Healix has warned that the increase in insurance premium tax (IPT) will result in even higher costs for employers offering private medical insurance (PMI) or health cash plans to their staff.
LV Broker appoints new regional manager
LV Broker has promoted Mark Hands to regional manager for the North of England and Scotland.
Allianz Commercial to boost productivity by 10%
Following a successful trial, Allianz Commercial has said it would take advantage of a bespoke solution from systems integrator LAN2LAN in a bid to create new efficiencies across the company’s risk assessment business.
Aviva revamps commercial offering
Aviva claims to have improved its commercial policy documentation to extend the cover and make it more broker and customer-friendly.
Axa appoints former Allianz man as property chief
Axa Insurance has appointed Tony Hutchins as its new head of property insurance. Mr Hutchins has joined from Allianz Commercial where he was UK head of property and risk control.
Business confidence suffers record drop
Findings from the latest BDO Business Trends report have shown a sharp drop in business confidence.
PowerPlace appoints finance director
Online commercial insurance marketplace, PowerPlace, has appointed Robert Appleton as finance director.
Lloyd's broker reveals "aggressive" growth plans following £1.4m investment
Lloyd’s broker NCG Professional Risks has unveiled plans to expand its UK retail business and explore acquisition opportunities following the announcement that it will receive a £1.4m investment, subject to regulatory approval.
Online commercial MGA partners with THB
Insureit UK, the online commercial insurance managing general agency (MGA), has chosen THB Risk Solutions as its distribution partner in time for the launch of a new range of commercial insurance solutions for brokers.
Ace Global Markets appoints head of aviation
Ace Global Markets has announced the appointment of Malcolm Brett as product line head of aviation.
NIG enhances package products
NIG has relaunched its package products suite within its NIG Network broker system, with revamped products, a new ‘professionals’ product and an enhanced quote system.
Calling all UK brokers
There are only two weeks left to get your entries in for the 2010 UK Broker Awards, the only industry awards dedicated to the broking community.
CNA unveils senior hires
CNA Insurance Company has announced the appointments of Paul Dowling and John Taylor to the newly-created roles of chief underwriting officer, commercial lines and chief underwriting officer, specialty lines, respectively.
Marsh launches insolvency practice
Marsh has launched a dedicated practice to provide risk and insurance advice to insolvency practitioners in the UK.
Majority of SMEs have inadequate cover
Less than one in three (30%) small to medium sized enterprises (SMEs) in Europe believe they are insured in the event that a professional mistake leads to them being sued, according to research from Hiscox.
Willis Commercial Network celebrates two CII awards
Willis Commercial Network has announced that two members, Heartland (Midlands) and Peter Hattersley & Partners, have been recognised with 2010 Chartered Insurance Broker Awards by the Chartered Insurance Institute.
Product review: Vehicle liability to cover smaller fleets
Broker ratings: The products reviewed here by brokers are rated from one to five, based on the policy’s key benefits.
Bluefin acquires another broker
Bluefin has acquired St Albans-based Gilbert Business Insurance Brokers (GBIB), Insurance Age has learnt.
Quinn may have to raise commercial rates by 3000% to secure UK re-entry
Quinn Insurance may have to increase rates on its UK commercial premiums by 3000% to secure regulatory approval to re-enter the market.
Broking Success: In the face of adversity
Emmanuel Kenning meets the founders of Baker Jayne, who set up their brokerage in the teeth of the worst recession since World War II and managed to make a profit in its inaugural year.
Aviva launches thermal technology for commercial customers
Aviva has launched a thermal imaging survey service which has been designed to detect loose or corroded connections in machinery and reduce any potential downtime.