Insurer
IIB calls for FSCS review after 900% levy increase
The Institute of Insurance Brokers (IIB) has presented research to the All Party Parliamentary Group on Insurance and Financial Services (APPGIFS) showing that brokers with an income of £500,000, £1m or £5m have seen their Financial Services Compensation…
Jonathan Swift elected co-ordinator of insurance’s APPG
At the annual general meeting of the All Party Parliamentary Group on Insurance and Financial Services (APPGIFS), Jonathan Swift, group editor-in-chief of Insurance Age and sister title Post, was elected as the APPGIFS’ co-ordinator.
Biba slams Zurich Municipal over anti-broker marketing
The British Insurance Brokers’ Association (Biba) has hit out at Zurich over the content of a Zurich Municipal advert urging customers to “cut out the middle man”.
Axa commits to rewarding Chartered brokers
Chartered brokers could begin to reap commercial benefits for their status as Axa Commercial Lines rolls out an initiative to reward such brokers with “a range of unique benefits”.
HSBC Insurance (UK) sold for £68.5m
HSBC Insurance Services Holdings has agreed to sell HSBC Insurance (UK) to Syndicate Holding for £68.5m in cash.
Slow down in car insurance price rises
The average price of a comprehensive car insurance policy rose by 2.7% in the second quarter of 2011, according to the Confused.com and Towers Watson Car Insurance Price Index.
CII finds replacement for Alasdair Stewart
The Chartered Insurance Institute (CII) has appointed Graeme Sutton as director of corporate development, Insurance Age can reveal.
UK insurance industry survives stress tests
The strength of the UK insurance industry has been underlined following the results of the second European insurance stress test, according to the Association of British Insurers (ABI).
Chartis names UK MD
Nicolas Aubert has been appointed managing director of Chartis Insurance UK.
Insurance Age video: Amii conference 2011
Liz McMahon interviews key delegates at the Association of Medical Insurance Intermediaries (Amii) 2011 conference.
Fusion develops DAS legal expenses cover
Fusion Insurance has announced several enhancements to its legal expenses cover with its partner DAS for both clients and brokers.
SRA says ARP is working
Despite criticism from the insurance industry, the Solicitors Regulation Authority (SRA) has said its new enforcement measures for the Assigned Risks Pool (ARP), have started to show signs of success.
Sandy Scott takes Achievement Award at 2011 British Insurance Awards
Sandy Scott, chief executive, Chartered Insurance Institute, was given the Achievement Award at the British Insurance Awards at the Royal Albert Hall in front of 1800 fellow industry professionals.
Zurich cuts 240 roles on return to direct market
Zurich has announced that it is planning to return to the direct insurance market in the UK later this year in a strategic partnership with its subsidiary Endsleigh.
Brown joins RSA board
RSA has appointed Adrian Brown to its board as an executive director.
MGA issues 30 day notice on its waste business
Montpelier-owned Paladin Underwriting Agency has issued a 30 days notice of cancellation to brokers on all existing waste and recycling policies, Insurance Age has learnt.
Aviva fills commercial director post
Aviva’s UK chief risk officer has been lined up to take over the vacant commercial director role in November.
Rural targets 5% market share with two new schemes
Rural Insurance has launched delegated authority schemes for two Northern Ireland brokers, including Autoline Insurance Group.
National insurance fraud register launched
The Association of British Insurers (ABI) has provided further detail on the national insurance fraud register to be fully operational by early 2012.
Fraud register gets go-ahead from ABI
The Association of British Insurers (ABI) has approved the Insurance Fraud Register and agreed to an industry-funded police unit dedicated to tackling organised crime.
Travelers creates two further senior underwriting roles
Travelers Insurance Company has appointed two new chief underwriting officers (CUO)to its UK business.
New Manchester manager for Dual
Dual Corporate Risks has promoted Martin Joyce to manage the company’s national business unit in Manchester.
Moody's: Axa's referral fee stance could benefit the sector
Axa’s recent decision to no longer accept personal injury referral fees could benefit the sector as a whole according to credit ratings firm Moody’s.
Cost of motor insurance inquiry re-opened
The Transport Committee has agreed to re-open its inquiry into the cost of motor insurance, in the light of further concerns about the rising cost of premiums.