Insurer
LV Broker extends Coversure product relationship
LV Broker's home insurance product ABC is now available through broker Coversure.
Broker optimism on the up
Optimism among insurance brokers rose marginally in the first three months of 2013, according to the latest CBI/PwC financial services survey.
Willis swoops for PI specialist Prime Professions
Willis has bought professional indemnity (PI) specialist Prime Professions.
Aviva cites market volatility after PI pullback
Aviva has cited the volatility of the professional indemnity (PI) market following its decision to stop writing business for non-corporates and standalone policies.
Allianz Scholarship Programme sign of industry "commitment"
The Allianz Scholarship Programme is a demonstration of its "commitment to the industry", according to Chris Hanks, general manager, Allianz Commercial.
Hyperion plans to go public as equity firm buys 30% stake
Equity firm General Atlantic has agreed to buy 30% of the shares in Hyperion Insurance Group, as the broking group prepares to float.
Brimecome replaces Hamilton as Axa chairman
Axa UK has appointed Ian Brimecome as chairman of the board replacing Anthony Hamilton who is retiring, having been in the role since September 2000.
Protect Association chief Devine signs up with Allianz
Steve Devine, chairman of the Protect Association, has joined Allianz Global Assistance to work with the company’s business development team.
FSA fines Pru £30m and censures CEO
The Financial Services Authority (FSA) has hit Prudential with a £30m fine and criticised CEO Tidjane Thiam.
Lloyd’s profits approach £3bn
Lloyd’s has announced a profit of £2.77bn for 2012, reversing a loss of £516m in 2011. The market also saw an improvement in its combined ratio to 91.1%.
CII group proposes London Market internship framework
The Chartered Insurance Institute’s (CII) London Market faculty New Generation group has proposed a new internship programme to help young people begin a career in the market.
LV Broker claims 'real-time' first with broker system
LV Broker has unveiled a new management system designed to help brokers control their accounts online.
Co-op Insurance reacts to job loss fears
The Co-operative Insurance has moved to quell concerns over the jobs of more than 1,000 employees following the announcement it is up for sale.
Profits up at Abbey Protection
Abbey Protection has announced a 3% rise in pre-tax profits to £10.3m with total revenue up 7% to £38.7m for 2012.
Investec savages Aviva over potentially irreversible decline
Investec Bank has issued a no-holds barred research note on Aviva and suggested that the provider may be in permanent decline as it cut the insurer’s target share price from 422p to 316p and advised investors to reduce their holdings.
Private equity house takes "significant stake" in Validus
Private equity house LDC is set to take a "significant stake" in motor claims business Validus-IVC.
New broker regulator FCA to focus on add-on products
The incoming Financial Conduct Authority (FCA) is to focus on add-on products and services in the general insurance market.
NMU strengthens Birmingham team with ex-Allianz man
Northern Marine Underwriters (NMU) has strengthened its Birmingham engineering team with the appointment of former Allianz man Steve Hodson.
Firms have no need to fear FCA, says Wheatley
Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), has stated that the new regulator will be less aggressive than the Financial Services Authority (FSA).
Insurers urged to shape up ahead of Consumer Insurance Act
Law firm Keoghs has urged insurers to review their questionnaires and underwriting guidelines ahead of the introduction of the Consumer Insurance Act (CIA).
HomeServe to cut 300 jobs
HomeServe is to cut 300 roles in its UK business in an attempt to offset expected reductions in revenue.
esure banks on £1.2bn IPO
esure has set its initial public offering price at 290p a share, valuing the personal lines insurer at £1.2bn.
Broker Apprentice: The results
Judgement Day… So we come to the final session and my decision.
Allianz Commercial goes to AIG for new property chief
Allianz Commercial has appointed Anneke Sims as manager, property underwriting.