Insurer
Insurance Age blog: Where did the culture of compensation come from?
When Axa came out and sang from the roof tops about its decision to ban referral fees, it labelled the move "a first step in a journey to reform the emerging compensation culture which it claimed was spiralling out of control".
L&G warns of increase in burglaries
Legal & General (L&G) has queried the findings of the British Crime Survey which reported a 14% increase in burglaries in England and Wales but found “no evidence” that the recession is having an impact on overall crime figures.
Ageas moves to strengthen broker relationships
Ageas has appointed Roy Watkinson to the new position of head of commercial pricing and underwriting to support the growth of its commercial lines business.
Carruthers follows Blanc to Axa Commercial
Axa Commercial Lines has appointed Max Carruthers as chief operating officer. He will join the business towards the end of 2011.
Brit swoops for key property player from Zurich to head up new team
Brit Insurance has formed a new, specialist team offering insurance to property investors as part of its UK business unit.
Survey reveals limited remote working capability in insurance
A survey by Hyland Software of insurance professionals across the UK, Europe and Asia has found that 37% of respondents changed their business model and diversified into new sectors including increased product and service lines during the economic…
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.