Insurer
MGAA continues with recruitment drive
The chairman of the Managing General Agents’ Association (MGAA) steering committee has vowed to continue recruiting members following the association’s launch last week.
Referral fee ban could be catastrophic for brokers
Industry experts have warned that brokers reliant on an income stream from referral fees could find the government’s ban disastrous for their business.
Dual looks to Chartis for senior hire
Dual Corporate Risks has appointed Paul Russell as director and senior underwriter of its financial institutions arm DCR FI.
Insurers call for full implementation of Jackson
While Zurich and Aviva have welcomed the move to ban referral fees, both insurers said it needed to be part of a wider set of reforms.
ABI demands clean up of compensation system
The Association of British Insurers (ABI) has made an urgent call for the reform of the compensation system.
Insurers see referral fee ban as important first step
The Association of British Insurers (ABI)and Axa have welcomed the government’s announcement that they will ban the selling on of personal injury details for referral fees.
ABI keen to engage with OFT motor inquiry
The Association of British Insurers (ABI) has described the Office of Fair Trading’s (OFT) announcement of an inquiry into the cost of motor insurance as an opportunity to highlight the increasing cost pressures insurers’ face.
Europe clears Liberty Mutual’s Quinn Insurance takeover
The European Commission has granted clearance, under the EU Merger Regulation, for the acquisition of the general insurance business in Ireland of Quinn Insurance by US insurer Liberty Mutual.
Private equity hungry for insurance investment
More than two thirds (68%) of private equity houses plan to invest in the UK financial services market in the coming year, particularly in insurance and banking, according to a Grant Thornton report.
Another insurer throws its hat into solicitors' PI market
Apro Management is the latest insurer to enter the solicitors' professional indemnity (PI) market.
Results improve at Coface
Trade credit insurer Coface has announced an 8% increase in turnover to €764m (£672m) in the first half of 2011 (H1 2010: €708m).
HSB Engineering lifts Mitsui chief for underwriting role
HSB Engineering Insurance has appointed Andy Kane as chief underwriting officer (CUO).
Aviva could be vulnerable to Zurich bid
Following a dive in its share value, Aviva could be exposed to a takeover bid from rival insurer Zurich, reports suggest.
Novae underwriting head to join Argo
Argo Group International Holdings has announced that Peter Matson will join the company in October of this year.
LV looks within for new risk chief
LV has announced the appointment of Steve Haynes as chief risk officer, subject to regulatory approval.
FOS names and shames PPI providers
The Financial Ombudsman Service (FOS) has named the providers of payment protection insurance (PPI) cases as it announced that complaints more than doubled to 98,632 in the first six months of 2011 compared to the second half of 2010.
PPI complaints soar to new high
The Financial Ombudsman Service (FOS) has revealed it handled 98,632 new complaint cases for payment protection insurance (PPI) in the first six months of 2011, more than double the total of 46,275 in the previous half year.
MMA deal leads to scheme option for UK General brokers
UK General has signed an extension to its capacity deal with MMA to broaden the terms of its tradesman’s liability offering.
IUA claims first in measuring London company market
The London company market is worth at least £12.6bn net of commission - £16.4bn including commission - according to the International Underwriting Association (IUA).
Solicitors' PI hit by further blow as Aspen exits
Aspen Risk Management has become the latest insurer to pull out from the solicitor’s professional indemnity (PI) market.
What’s the Big Idea?
In May this year, Insurance Age teamed up with Axa Personal Lines to launch the Big Idea at Biba 2011. Broker entrants from across the UK submitted 100 words detailing what their Big Idea was and those that held the most promise have been asked to submit…
Lloyd's backs ABI on compensation culture
Lloyd’s has announced its support for the Association of British Insurers’ (ABI) report on Tackling the Compensation Culture and warned that Britain should avoid going down the same path as the US.
ABI calls for end to compensation culture
The Association of British Insurers (ABI) has called for reform of Britain’s compensation culture laws claiming that UK consumers pay £2.7m a day to claimant lawyers through their motor insurance premiums.
Travelers looks to QBE for PI hire
David Sawyer has been appointed as assistant general manager responsible for the professional indemnity (PI) portfolio at Travelers Insurance.