Insurance Age - 2010-07-06
Brokers face a raft of additional costs following the coalition Government's emergency budget.
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.
Tesco Compare has refused to confirm whether it will fill its vacant chief executive position and has hinted that the site, which was heralded to become a top aggregator, may be marketed solely to the supermarket's customers in the future.
Halliwells, the insurance litigation specialist, has confirmed it is in talks to sell the business after filing a notice to the courts of its intention to appoint an administrator.
The Financial Services Authority (FSA) has been hit by two senior resignations as the coalition Government announced its plans to reform the regulatory system in the UK.
The increase in Insurance Premium Tax (IPT) announced in the Government's emergency Budget has met with mixed reactions.
Acturis has sold a minority stake in the company to 'growth equity' firm, Summit Partners, as it embarks on a European expansion strategy.
Hastings Direct has denied speculation that its branch network plans have been shelved following continued delays to the project.
Broker start-ups face a tough start after new research revealed that nearly one in 10 companies will avoid trading with a business if it is less than a year old.
Layton Blackham founder, Chris Blackham, has formed a boutique investment house to offer brokers a "realistic financial alternative to the consolidator route".
Regional brokers will be targeted by a new managing general agent (MGA) led by Fusion founders Kevin Pallett and Geoff Crisp.
Andrew Wigmore, policy director of the Claims Standards Council (CSC) has slammed the Government's health and safety review as a rehash of the Jackson review and a "waste of time, effort and money".
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.
Legal & General (L&G) has stated its ambition to become a top five personal lines player as it unveiled plans for a new creditor product for brokers.
The Financial Services Authority (FSA) has banned two broker directors - Delwyn Way of Shield Insurance Consultancy and Adrian Shillaker of Griffiths McAlister Insurance Brokers - for failing to adequately protect clients' money and assets.
Moorhouse Group chairman, Lyndon Wood, claimed that Moorhouse Enterprise gave brokers the flexibility networks lacked as he announced the launch of its first business.
A raft of broker acquisitions were completed before the rise in Capital Gains Tax (CGT) came into force.
Commercial rates remained flat during the first quarter of 2010, according to global professional services company Towers Watson.
The corporate merry-go-round at the top of the country's insurers is being driven by the need to secure 'top talent' in an attempt to stave off the worst effects of the recession.
This summer, Insurance 360 - Insurance Age's sister industry insight unit - is conducting its second annual study of commercial insurers' performance on service to their brokers.
The products reviewed in this article are rated from one to five, based on the policy's key benefits.
Recent product enhancements and launches indicate industry appetite in the over-50s sector is increasing.
Jardine Lloyd Thompson (JLT) has announced the launch of a "groundbreaking" new scheme designed to increase mortgage lending to first-time buyers of Bovis Homes properties.
Aviva has enhanced its commercial policy documentation to extend the cover and make it more broker friendly.
NIG has relaunched its package products suite within its NIG Network broker system, with revamped offerings, a new professionals solution and an improved quote system that aims to generate more competitive pricing.
Evolution Underwriting has launched a fully auto-rated tradesman liability product Trade Protector Plus, underwritten by Groupama Insurance, on its Stingray trading platform.
Ace UK has introduced a multinational cover in order to address the compliance challenges faced by companies operating in multiple regulatory regimes.
The south west of England experiences the lowest levels of rented accommodation burglary, according to new research by Endsleigh Let.
Four out of five (79%) European managers are concerned about work-related stress - making it as important a productivity problem as workplace accidents.
Brokers could utilise a new review service from Garwyn that aims to save businesses significant sums in compensation and cut the risk of health and safety prosecutions.
As World Cup fever cools and England mourns yet another crushing defeat, there is still a chance for you to walk away with something more than a heavy heart by taking part in the accumulator competition we are running in association with Equity Red Star
Brokers that fail to embrace technology-savvy trading risk losing their majority share of the micro commercial market.
The insurance industry has been urged to invest in e-commerce as mobile phones are predicted to overtake PCs as the dominant web access device within three years.
Underwriting agency LFC Shield has launched a new online commercial business quote system, which it hopes will help double its broker base to 400 over the coming year.
Hardware failure remains the top business continuity risk for UK companies, according to research conducted by Sungard Availability Services.
The UK commercial insurance market is worth about £15bn and there has been little change in its overall size since 2002. In 2001-2002, the market increased by 75% reversing years of losses into a platform for a long period of profitability. In the…
I was surprised and a little dismayed with your comments about this year's British Insurance Brokers' Association (Biba) conference at Excel in the June issue of Insurance Age.
Without doubt, these are hard times for insurance brokers and this makes us all look for new business and revenue streams. However, what it should not lead to is the use of 'quick fix' and other such schemes that undermine the claims process and the…
I have to take issue with Peter Powell, managing director of Complectus on the subject of misfuelling.
Have you received your letter, the one that informs you that your Financial Services Compensation Scheme (FSCS) bill has gone up a bit? "A bit?" I hear you cry. And cry you might for brokers are reporting increases of up to 800%.
After officially retiring from the industry more than 10 years ago, Miles Emblin returned to insurance as an expert witness. The broking legend tells Louise Meeson why his career has still got a few miles in it yet
This month's power hour, sponsored by Ecclesiastical and held in Bristol, looks at the growing impact of climate change on the industry - particularly that of flooding. Martin Friel reports.
Tony Bridgland wrote a long-running satirical column in Insurance Age from 1992, firing barbed broadsides at insurers and regulators alike and, for seven years, was the insurance watchdog for the Sun newspaper. Now he comes out of semi-retirement to put…
When it comes to SME business, are the smaller, niche providers naturally a better fit or does the scale and clout of the composites count the most in this market? Martin Friel asks how much size really matters.
As issues of trading SME business through the aggregator channel are brought to light, Edward Murray asks whether it is too complex a sector to ever be successfully sold in bulk.
The recession has led to an increase in sole traders and with such an array to cater for, insurers are struggling to meet their needs. Louise Meeson explores how brokers can identify and service these micro businesses
With the first coalition Government in more than 50 years in power, there is plenty of unease among businesses as to what it will mean for them. Louise Meeson explores the risks SMEs face amid a lack of clear direction
Having the courage to do something different can sometimes be difficult as a lack of time and resources can hold businesses back. Mike Butler shares 10 ways to encourage and deliver innovation
Raising your company profile and engaging people within the business doesn't have to cost the earth. Anne Hudson provides tips on how to get the most from your marketing without blowing the budget
After a wait of 80 years, the Third Parties Act has finally been reformed. Nicola Billen looks at the problems with the original and how the new Act shapes up.
Online marketplace Ebay was poised to seek a raft of insurance partners as it geared up to launch a financial services offering. Insurance Age's sister title Post learnt that Ebay agreed a partnership with Staffordshire-based intermediary Autonet to help…
Polly loves a divisive figure and, quite frankly, the insurance industry could do with more of them. There is no denying that the now infamous Gio Compario is the aggregators' answer to Marmite and Polly was pleased to learn that the gregarious tenor had…