News
Jackson consultation slated for leaving brokers in dark
Experts have criticised the Government's Jackson review consultation, claiming it has left the industry "in the dark" on key measures.
Quinn impact: solicitors' professional indemnity problems affecting all firms
Professional indemnity (PI) premiums for small firms are set to soar by up to 30% following Quinn Insurance's withdrawal from the market.
NIG's personal lines exit to impact around 3,000 brokers
About 3,000 brokers will be affected by NIG's decision to exit the personal lines market and focus solely on commercial business.
Contenders for 2010 UK Broker Awards revealed
The shortlist for the 2010 UK Broker Awards has been announced so it's time to celebrate the best of British in the broking sector.
Broker Direct slashes workforce to balance declining motor book
Broker Direct has made 50 redundancies in a bid to compensate for the loss of one fifth of its personal lines motor book.
Moneyextra.com sells up and surrenders to rival aggregators
Price comparison site Moneyextra.com has finally admitted defeat in its bid to compete with the UK's top four aggregators after the company was sold for £1.
Brokers demand 'safe harbour' from PPI storm
The Financial Services Authority (FSA) has come under increasing pressure to force insurers to share the burden of compensation claims resulting from the widespread mis-selling of payment protection insurance (PPI).
Utley quits IAG to focus on his own investments
Neil Utley has revealed his intention to return to his entrepreneurial roots after quitting his role as chief executive of Insurance Australia Group's (IAG) UK business.
Industry anticipates further IPT rises to catch up with EU levels
Industry experts have warned of further Insurance Premium Tax (IPT) hikes as the Government attempts to bring UK tax levels into line with the rest of Europe.
Broker Expo gains CII accreditation
The Chartered Insurance Institute has confirmed that the Broker Expo has received official accreditation as the 2010 event opens for registration.
PB Week: A week in the life of Keith Curling, Carmichaels MD
Monday: On the train to London and the diary assumes control, it will be a frenetic week with client meetings combined with managing my own portfolio of adjusting work.
Autofocus goes into administration.
The credit hire reporting company Autofocus has entered administration.
Anglo Irish planning for Quinn takeover
Anglo Irish Bank is just weeks away from delivering plans to the country’s Financial Regulator for the takeover of Quinn Insurance, according to the Irish Independent.
Brit cuts UK private motor book by 60%
Brit Insurance revealed it has cut its UK private motor book by 60% as it reported a 10.8% drop in UK gross written premium to £210.1m for the first six months of 2010 (H1 2009: £235m), a 11.4% decrease at constant exchange rates.
Private equity house submits revised bid for Brit
The board of Brit Insurance Holdings has confirmed that private equity house Apollo has submitted a revised indicative proposal to acquire the entire issued and to be issued ordinary share capital of the company at a price of £10.75 per share in cash.
NIG pulls personal lines
Royal Bank of Scotland insurer NIG has outlined plans to close its personal lines division and focus solely on commercial business
Ecclesiastical announces new CEO for Australian business
Specialist insurer Ecclesiastical has appointed Andrew Moon as the new chief executive officer for its Australian business, Ansvar Insurance.
Utley to leave IAG UK
Insurance Australia Group has announced today that Ian Foy, currently CEO of IAG’s New Zealand business, will return to the United Kingdom to become CEO of IAG’s UK business, succeeding Neil Utley.
Government to consult on how to implement Jackson Review
The coalition Government has announced a consultation on implementing the recommendations laid out in Lord Justice Jackson’s Review of Civil Litigation Costs.
Service is key factor in picking home insurance provider
More than 12 million people are set to switch utilities or insurance provider in search of 'better service', according to research.
Treasury launches regulatory reform consultation
Financial Secretary to the Treasury Mark Hoban MP has today (26 July) launched the Government’s consultation on the implementation of reforms to financial regulation.
JLT expands network in Europe
Three European independent insurance brokers SIACI Saint Honore (S2H), Greco Group (Greco) and Ecclesia Group have come together with Jardine Lloyd Thompson (JLT) to sign an exclusive trading agreement.
Bridle makes another acquisition
Bridle Insurance has acquired Southampton Insurance Services and Simple Insurance Solutions in a six figure deal.
Economic growth in surprise 1.1% climb
An estimate from the Office for National Statistics indicates the economy grew by 1.1% in the second quarter of this year.