Insurer
Ecclesiastical creates new compliance role
Ecclesiastical has appointed John Schofield to the newly created role of director of group internal audit and compliance.
Jack Straw attacks referral fee system
Former Secretary of State for Justice, Jack Straw MP, has called for referral fees to be banned in an article published in The Times.
Plum choice for new MD
Somerville Holdings has promoted David Whitaker to the role of managing director at its specialist household subsidiary, Plum Underwriting.
Chubb fills Mitsui Sumitomo shaped hole
Patrick Mettler has been appointed to the role of country and business development manager for Ireland at Chubb.
Escalating claims decimating UK motor results, says Towers Watson
New figures from the Institute and Faculty of Actuaries have revealed that one in four UK third party motor claims involves a bodily injury element.
Groupama claims e-trading milestone
Groupama has labeled Optima Business Plus “the market’s first fully online, multi-section, commercial combined product”.
Aviva gets £1bn for RAC
Aviva has agreed to sell its roadside recovery firm to the Carlyle Group for £1bn and it looks like current management team will survive.
Axa PPP plans to extend online presence with broker buy
Axa PPP has confirmed its intention to purchase online private medical insurance intermediary Health-on-line for an undisclosed sum.
Businesses wasting £1.4bn annually on corporate hospitality
UK businesses are wasting up to £1.4bn a year through unnecessary and avoidable weaknesses in the planning and execution of their corporate events and hospitality programmes, according to gdz event analysts.
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.