Insurer
Elite Insurance announces resignation from the ABI
Elite Insurance has confirmed that it will be resigning from the Association of British Insurers (ABI) with immediate effect.
Sterling uncovers broker confidence schism
Research by Sterling Insurance has revealed that 65% of brokers are confident about commercial lines business growth prospects in the next 12 months while over half saw no prospect of growth in personal lines.
Aspen appoints new head of PI
Aspen Insurance has appointed Ed Beckwith as head of its professional indemnity (PI) unit in the UK.
Dual expands into IT sector with Chartis hire
Dual Corporate Risks has appointed Christopher Blake as a professional indemnity (PI) underwriter in its national business unit.
Legal experts criticise PRA announcement
The legal sector has roundly criticised the contents of the Financial Services Authority (FSA) and Bank of England’s joint paper describing it as worrying and raising more questions than answers.
Authorities set out PRA approach
The Bank of England and the Financial Services Authority (FSA) have published a joint paper setting out the current thinking on how the future Prudential Regulation Authority (PRA) will approach the supervision of insurers.
Rural responds to Towergate departures
Rural Insurance has reacted to Towergate’s confirmation that it had poached four of its senior members of staff.
Brokers' final thoughts on Independent's downfall
In our last installment of broker reflection on the 10th anniversary of the collapse of Independent, four brokers reveal what the saga meant to them.
Divided broker sentiment on Indy's fall from grace
As we mark the 10th anniversary of Independent going pop, two brokers divulge their personal and rather different experiences with the insurer.
Towergate pinches key players back from Rural
Towergate AIUA, an agricultural underwriting agency based in Harrogate, has confirmed the recruitment of four senior managers from Rural Insurance Group.
Sean Quinn to play starring role in family's High Court drama
Failed insurance tycoon Sean Quinn is set to be included as a defendant in a major High Court battle between his family and Anglo Irish Bank, according to the Irish Independent.
Brokers warn that lessons not learnt from Independent
On the tenth anniversary of the demise of Independent Insurance brokers have expressed their fears that the insurance industry has not learnt from the insurer’s collapse.
Motor market to remain in the red following £2bn loss in 2010
The UK motor market will not return to profitability until 2012 at the earliest as it struggles to recover from the £2bn loss it made in 2010.
Axa reveals new broker team for personal lines
Axa Personal Lines has unveiled a new structure for its intermediary and partners new business team, led by Kirsty Walker, director of sales and partnerships.
Markerstudy unveils commercial broker spree
Markerstudy has revealed that its recent purchase of Blagrove Insurance Brokers is the first purchase in a £100m acquisition spree.
Creating FCA and PRA to cost up to £175m
The Treasury has estimated that the cost of establishing the Prudential Regulation Authority (PRA) and transforming the Financial Services Authority (FSA) into the Financial Conduct Authority (FCA) could be between £115m-£175m.
Independent 10 years on - the second broker instalment
In our continuing coverage of broker reflection on the fall of Independent Insurance, Bluefin’s Stuart Reid and Tim Ryan of Ryan Insurance share their thoughts.
Independent 10 years on - the broker response
Ahead of the tenth anniversary of Independent Insurance going bust Insurance Age has canvassed opinion in the broker market asking what impact it had and whether the industry has learnt any lessons.
Former Axa chief Philippe Maso pitches up at Aviva
Former Axa Insurance UK CEO Philippe Maso has been appointed CEO of Aviva France.
John McFarlane revealed as next chairman at Aviva
Aviva has announced that John McFarlane will take up the position of chairman from Lord Sharman at the end of June 2012.
Markerstudy buys vehicle repair group
Markerstudy has bought £500m revenue firm Tonbridge Coachworks Vehicle Repair Group.
Aviva gears up for push in liability market
Aviva has made two appointments in its liability division which it claims shows its commitment to this market.
Brokers declare support for central database of fraudsters
The vast majority of brokers feel penalties for insurance fraud should be higher and a central database of fraudsters, used at point of sale, would help to deter fraud according to a survey by Groupama Insurances.
Financial confidence falling, research says
Research from Axa has revealed that 40% of consumers have made significant spending cutbacks since the end of last year with financial confidence continuing to fall.