Insurer
Editor’s letter - February 2013
“Though it was not their stated intention this time, the aggressive stance was one Biba could adopt more often – and not just because it is fun to write about”
Brokers face shift in balance of power
New Act moves the focus in consumer insurance, but is the industry ready?
Market moves: New challenges
The January edition of Market moves obviously riled insurers. Not happy at seeing their column inches quite frankly pulverised by those of brokers, the providers have hit back with a string of senior announcements.
Power hour: Building relationships
In the high net worth sector, success for brokers is all about nurturing long-term relationships with clients and insurers. Caitlin Morrison reports
Insurers rally against Biba survey
Providers refute trade body’s research into stricter claims payouts
Should Aviva be broken up?
Tony Cornell looks at the case for a totally separate general insurance business
Conman admits to selling false policies
A fraudster has pleaded guilty to selling hundreds of non-existent car insurance policies to UK drivers.
Aon reports profit and revenue up
Aon’s retail brokerage division has reported revenue of $6.1bn (£3.9bn) for 2012, up 1% from the $6bn reported for 2011.
Reasons to be cheerful
January is over! That’s the number one reason to be cheerful today, and I’ve actually managed to find some more – and they’re insurance-related. Will wonders never cease?
Hiscox boosts London Market casualty with triple swoop
Hiscox has moved to boost its London Market casualty offering with three senior hires.
RFIB names new FD to replace outgoing Cotton
RFIB Holdings has snapped up Nick Moss as finance director (FD) to replace Nigel Cotton.
Ex-Ink chief launches new MGA for regional brokers
Mike Smith, former MD of Ink Insurance, has launched Incorporated Insurance Group (IIGL), a new managing general agent.
Acturis delivers 25% revenue growth in 2012
Acturis has announced revenues of £24.5m for the financial year ended 30 September 2012.
Arc signs up with MGAA
Arc Legal Assistance has become a member of the Managing General Agents' Association (MGAA).
Social media 'wrong platform' for promoting chartered status
There needs to be more “shouting” about chartered status to make it worthwhile for brokers, according to Jon Newall, principal at Lockyer Insurance.
Ace sees profits rise as COR improves
Ace Group has reported pre-tax profits of $2.71bn [£1.72bn] for 2012 up 76% from $1.54bn in 2011.
Motor continues to fall as home rates flat, says AA
The latest benchmark British Insurance Premium Index from the AA has shown that the downward trend in average quoted premiums for annual comprehensive car insurance policies continued over the fourth quarter of 2012.
April targets broker driven growth
April UK has targeted £4m of new private medical insurance (PMI) sales through brokers in 2013 after expanding its broker offering.
PPI complaints quadruple to six figures
The Financial Ombudsman Service (FOS) has confirmed it received 145,546 complaints about payment protection insurance (PPI) in the three months to December 2012.
Aviva creates app for Fast Trade online platform
Aviva has added an iPad app to its online trade platform Fast Trade in a move designed to provide brokers with the ability to ‘quote and buy' online in less than five minutes.
More than 100 insurance failures during 2012
More than 100 insurance businesses went bust during 2012, a study has revealed.
Fraudster jailed using Towergate CCTV footage
A conman who deliberately caused a crash with a heavy goods vehicle (HGV) to make fraudulent insurance claims has been jailed for a year.
NIG launches new e-trading platform
NIG has launched TheHub, a full-cycle e-trading platform for commercial brokers.
Legal & General in home group deal
Legal & General has signed a home insurance deal with Bought By Many, a new company which provides consumers with discount insurance when they purchase in groups.