News
HSBC in insurance sell-off
HSBC is to sell its general insurance business as part of the bank’s plan to strip away non-core units.
F&R Associates to heat up market with new scheme
UK General has signed a new schemes deal with Grantham-based insurance broker F&R associates to cover home emergency for oil-fired central heating systems.
Grant Ellis scoops achievement award at UK Broker Awards
Bartlett & Co won both the Chartered and Commercial Lines Broker of the Year awards and Broker Network’s Grant Ellis bagged the Achievement Award at this year's UK Broker Awards.
Travelers makes further additions to professional risks management team
Travelers Insurance Company has promoted Richard Coello to assistant general manager for professional risks.
MSL's valuation service part of new broker strategy
MSL Group has launched a new claims valuation service for brokers to offer their clients.
RSA appoints former Aegon CFO to board
RSA Insurance Group has appointed Jos Streppel to its board as a non-executive director as of 3 October 2011.
Arista makes further commitment to Birmingham
Arista Insurance has appointed former Towergate underwriter Gemma Bradshaw to its Birmingham office.
MGAA continues with recruitment drive
The chairman of the Managing General Agents’ Association (MGAA) steering committee has vowed to continue recruiting members following the association’s launch last week.
Referral fee ban could be catastrophic for brokers
Industry experts have warned that brokers reliant on an income stream from referral fees could find the government’s ban disastrous for their business.
Legal profession slams referral fee ban
The legal profession has claimed access to justice will suffer with the banning of referral fees.
Dual looks to Chartis for senior hire
Dual Corporate Risks has appointed Paul Russell as director and senior underwriter of its financial institutions arm DCR FI.
Insurers call for full implementation of Jackson
While Zurich and Aviva have welcomed the move to ban referral fees, both insurers said it needed to be part of a wider set of reforms.
ABI demands clean up of compensation system
The Association of British Insurers (ABI) has made an urgent call for the reform of the compensation system.
Insurers see referral fee ban as important first step
The Association of British Insurers (ABI)and Axa have welcomed the government’s announcement that they will ban the selling on of personal injury details for referral fees.
Ban on referral fees is not the only answer says Biba
The British Insurance Brokers’ Association (Biba) has voiced strong concerns about the government's announcement of a ban on referral fees for the selling on of personal injury details.
Government to ban referral fees
The government has pledged to ban the use of referral fees as part of what it calls its commitment to curb compensation culture.
Biba questions duplication in OFT inquiry
The British Insurance Brokers’ Association (Biba) has welcomed the announcement of an Office of Fair Trading (OFT) inquiry, particularly regarding comparison sites, but added it did risk going over old ground.
Biba demands permanent 42 day notice period for riot claims
The British Insurance Brokers’ Association (Biba) has called on the government to change the Riot Damages Act notification period permanently from 14 to 42 days.
ABI keen to engage with OFT motor inquiry
The Association of British Insurers (ABI) has described the Office of Fair Trading’s (OFT) announcement of an inquiry into the cost of motor insurance as an opportunity to highlight the increasing cost pressures insurers’ face.
Video: how to make your website work for you
As part of a special 13th edition, dedicated to digital marketing in the broking sector, Insurance Age has spoken to a number of experts about various aspects of the digital, business world.
Europe clears Liberty Mutual’s Quinn Insurance takeover
The European Commission has granted clearance, under the EU Merger Regulation, for the acquisition of the general insurance business in Ireland of Quinn Insurance by US insurer Liberty Mutual.
Private equity hungry for insurance investment
More than two thirds (68%) of private equity houses plan to invest in the UK financial services market in the coming year, particularly in insurance and banking, according to a Grant Thornton report.
IIB turns the screw on regulator
The Institute of Insurance Brokers (IIB) has called for “fundamental regime changes” in regulation.
Motor market faces OFT investigation
The Office of Fair Trading (OFT) has launched an investigation into the private motor market following the sharp increase in premiums over the last 12 months.