News
Market shake-up drives IRS' two-year PI package
Indemnity Risk Solutions (IRS) is offering a two-year professional indemnity (PI) policy for solicitors ahead of the market's "biggest shake-up in a decade".
CMCs warned they could face closure over compliance failures
Claims management companies (CMC) must comply with regulation or risk being shut down, the Ministry of Justice (MoJ) has warned.
LAS in employment drive following Merlin administration
LAS Claims has announced it will boost staff numbers by 25% in the wake of Merlin Claims' administration.
Brightside to create nearly 50 jobs
Brightside Group is to create a software development operation in South Wales in an investment creating 48 technology focused jobs.
Towergate completes double acquisition swoop
Towergate Insurance has confirmed a double acquisition to take its group tally for the year to 15.
Administrators confirm 200 job losses at Merlin
Administrators BDO have confirmed that 200 members of staff at Merlin Claims have been made redundant with immediate effect.
Lockton adds to Manchester office with ex-Lucas Fettes hire
Lockton has continued its Manchester expansion by snapping up another ex-Lucas Fettes employee as account manager.
Autonet expands commercial offering
Autonet Insurance has added to its commercial insurance range with the launch of shops and commercial let insurance products.
Bupa sees Europe and North America profits drop by 22%
Bupa has seen its half-year profits for Europe and North America fall by almost a quarter.
Ecclesiastical exits wedding market
Ecclesiastical Insurance will cease providing wedding insurance from 31 August 2012 after a strategic review.
Chase Templeton buys Quotter's client bank
Chase Templeton, a private medical and protection insurance broker, has bought the individual client bank of Newark-based broker Quotter.
Spencer committed to getting commercial COR below 100%
Robin Spencer, chief executive for UK & Ireland general insurance at Aviva, has described himself as "delighted" by the insurer's half-year results.
Lorica opens Leeds office
Lorica Insurance Brokers has opened a new office in Leeds, the sixth in its branch network.
Integro buys Colchester broker
Integro Insurance Brokers has bought Colchester-based Allan Chapman & James Insurance Brokers for an undisclosed sum.
FSA cancels ex-Coversure franchisee's permissions
The Financial Services Authority (FSA) has cancelled the ability of former Croydon Coversure franchisee Eric Lung to undertake regulated insurance broking activities.
Markel soars to profit
Markel International has reported a combined operating ratio (COR) of 84% for the six months ended 30 June 2012 compared to 130% for the same period of 2011.
Aviva commercial COR stays at 101%
Aviva has revealed a combined operating ratio (COR) in UK commercial lines of 101% for the start of 2012, an identical figure to the result for the first six months of last year.
Aviva posts £681m half-year loss
Aviva plc has reported a net loss after tax of £681m for the first half of 2012 after a profit of £465m last year.
Merlin in administration
Merlin Claims has entered administration with BDO confirmed as administrators over the Merlin group of companies.
Biba expresses disappointment at 'end for the middleman' article
The British Insurance Brokers' Association (Biba) has expressed disappointment at a Daily Mail article warning that buying insurance through brokers can push premiums up by £500 a year.
XL swaps loss for profit
XL Group has announced a profit of $397.8m [£255.2m] for the first six months of 2012, reversing a loss of $1.6m in the same period last year.
Towergate snaps up ex-Bupa man as group risk officer
Towergate Insurance has unveiled Keith Jackson as group risk officer in a bid to develop its governance and risk strategies.
Marsh posts 3% half-year revenue growth
Marsh saw its revenue nudge up by 3% to $6bn [£3.8bn] for the six months ended June 30, up from the $5.8bn posted for the same period of 2011.
Aviva reveals "handful" of mid-management job losses
Aviva has today confirmed that a "handful" of middle-management jobs will be lost across the country as part of its ongoing restructuring drive.