Insurer
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.
Direct Line Group chief Geddes paid £1.9m in 2012
Paul Geddes, chief executive of Direct Line Group, received £1.861m total remuneration in 2012.
Co-op insists sale decision "will not change" broker relationships
The Co-operative Insurance has claimed that the announcement it is up for sale "will not change the very important commercial relationship" it has with brokers.
Lorica set to launch Northampton branch
Lorica Insurance Brokers is to open a new branch in Northampton amid a flurry of appointments.
Axa cites rival insurers for snubbing community brokers
Axa has taken a swipe at rival insurers for having "largely ignored" community brokers.
Co-op Insurance's MD insists sale is "in line" with group strategy
The Co-operative Insurance's managing director Mark Summerfield has insisted that the potential sale of its GI business is "entirely in line with the group's strategy".
Open GI and 'forgotten' Powerplace in SME broker launch
Open GI group CEO Chris Guillaume has stated that PowerPlace was "forgotten about" because it was not a priority for Towergate.
Co-op Group set to sell GI business amid falling profits
The Co-operative Group has confirmed it intends to sell its GI business - the Co-operative Insurance.
AMII chairman confirms Bupa trade body return
The chairman of the Association of Medical Insurance Intermediaries (AMII) has confirmed that Bupa is poised to work with members once again in the consumer private medical insurance (PMI) channel.
Ecclesiastical’s UK COR reaches 105.5%
Steve Wood, managing director for the UK and Ireland at Ecclesiastical, has vowed the provider will focus “sharply” on underwriting as its UK combined operating ratio (COR) hit 105.5% in 2012, up from 96.3% the year before.
Chartered being pushed by consumers
Kate Brooks, underwriting training manager at Ecclesiastical, has added to the professionalism debate stating that chartered status is something society is rightly demanding of the insurance industry.
Investment returns save Ecclesiastical as COR worsens
Ecclesiastical has reported a UK underwriting loss of £12.3m for 2012, mainly due to liability business, along with a group underwriting loss of £24.6m down further on the £18.7m loss reported in 2011.
Towergate reveals national broking restructure
Towergate has moved from a six to a five-region structure, Insurance Age can reveal, as another regional managing director is set to depart.
Towergate closes broking operation in Birmingham
Towergate has closed part of its Birmingham branch and made managing director Brian Kerry redundant, Insurance Age can reveal.
Chairmen named for incoming FCA practitioner panels
Three new chairmen have been appointed to the Financial Conduct Authority’s (FCA) independent panels.
Swiftcover awarded £17,000 in crash for cash case
Swiftcover has been awarded £3,000 in exemplary damages following the criminal convictions of seven fraudsters.
Plum seeks broker growth with Madders hire
Plum Underwriting has appointed Niall Madders as senior technical underwriter.
RSA broker chief Paul Donaldson to retire in 2014
RSA has confirmed that Paul Donaldson, group broker relationship and sales director, will retire in early 2014.
Premium Credit boss voices support for FSA premium finance probe
Premium Credit has backed the regulator's review into brokers' premium finance deals, insisting that there should "always be full transparency" for any financial product.