News
Axa launches end of lease product for vehicles
Axa Asssitance, in collaboration with Complectus, has developed a new end of lease insurance product covering the refurbishment costs for returning a vehicle within fair wear and tear standards
More management shifts at Towergate Underwriting
Towergate Underwriting has promoted Fusion managing director, Scott Brown, to the position of chief executive officer for Commercial Underwriting
UK emerges from recession
Figures from the Office for National Statistics released this morning showed the UK economy has left recession after six consecutive quarters of negative growth, the longest period of contraction on record. The ONS reported that in the months October to…
Towergate boosts Scottish retail division
Towergate has announced two key appointments to its retail operation in Scotland
Biba unveils conference speakers
The Keynote speakers for this year’s British Insurance Brokers' Association (Biba) conference have been confirmed as Joe Plumeri, chairman and CEO of Willis, the BBC’s world affairs editor, John Simpson, and actress Joanna Lumley.
Zurich makes two senior general insurance appointments
Zurich Financial Services Group has appointed Brian Armstrong as head of personal accident and business travel, and Steve Coleman as senior PA & BT development underwriter for UK General Insurance.
UK businesses not taking necessary steps to emerge from recession
Banks and businesses risk deepening and prolonging the economic downturn by sleepwalking towards this year's general election, according to the British arm of the Turnaround Management Association (TMA)
JLT buys Iimia Wealth Management for £7.25m
Jardine Lloyd Thompson (JLT) Group has bought Iimia Wealth Management from Midas Capital for £7.25m in cash. The announcement follows news of talks originally reported on broking.co.uk in December.
Ceta achieves 60% increase in new business
Ceta Insurance is planning to take on 20 new customer service and administration staff after new business grew by 60% last year
Groupama creates new personal lines role
Glyn Hughes has been appointed to a new role as personal lines pricing and planning manager at Groupama Insurances
Aon lead broker on Ethiopian Airlines crash
Aon was the lead broker for the Ethiopian Airlines plane which crashed on January 25th, Insurance Age's sister title Reinsurance has revealed
Economists predict a North-South divide in recovery
According to the Centre for Economics and Business Research (Cebr) London and the South East will recover quicker than the North East, Wales and Northern Ireland who will suffer disproportionately from spending cuts
UK remains key western centre for Islamic finance, according to new report
The global market for Islamic financial services is estimated to have risen by 25% to reach $951 billion by the end of 2008 according to the Islamic Finance report from International Financial Services London (IFSL). The independent organisation…
Arista moves into profit
Commercial lines underwriter Arista has finally moved into profit after completing a three-year start-up phase. It is on target to achieve a consistent trading profit from the first quarter onwards.
Chaucer appoints new specialist lines chief
Chaucer Syndicate 1084 has announced the appointment of Brian Everall as head of its specialist lines division
NIG to join Castle Cover home insurance panel
NIG is joining the home insurance panel for Castle Cover, the 50 plus insurance specialists, in February
Aon has already paid Manchester United £35.9m
As part of its four year sponsorship of Manchester United, Aon has handed over a significant downpayment
Garwyn launches online accident reporting system to enhance FNOL process
Garwyn has launched an online accident reporting system for the work place
CCV acquires commercial broker AC Insurance Services
Cullum Capital Ventures (CCV) today announces the acquisition of AC Insurance Services marking its first of the New Year and its 49th since it started trading in June 2006
Fortis expands commercial portfolio with the launch of a new fleet product for brokers
Fortis has announced the full launch of Fleet Guard to its brokers.
Willis extends the contract of chairman and CEO Plumeri
Willis Group Holdings announced today that it has extended the contract of its chairman and CEO, Joseph Plumeri, until 7 July, 2013.
London Market Group announces "ambitious agenda" for 2010
Barnabas Hurst-Bannister, chairman of the London Market Group (LMG), has announced the group’s plans for 2010
FSA letter in the post for broking CEOs warning them of obligations over clients' money
The Financial Services Authority (FSA) has sent a letter and report to the chief executive officers (CEOs) of major insurance brokers drawing attention to the regulator's concerns over the handling of clients' money and assets.
NFU Mutual appoints new director
Actuary Chris Ide has held CEO posts at Swiss Life and Royal London