News
Compliance consultant wants client name cleared, not apology
The compliance consultant at the centre of a bullying claim with the regulator has insisted she wants her client’s reputation cleared rather than receive an apology.
PPI payments hit £215m in first half of 2011
The Financial Services Authority (FSA) has revealed that consumers who complained about being mis-sold payment protection insurance (PPI) received £215m from firms in the first six months of 2011.
L&G hires new broker director ahead of personal lines push
Legal & General’s general insurance business has appointed Mark Holweger to the new role of broker and intermediary director.
Banks accused of another insurance rip-off
An investigation has uncovered further evidence of high street banks deliberately mis-selling insurance products.
Top three crash for cash hotspots maintain position in Q2
The Insurance Fraud Bureau (IFB) has released its second quarter 2011 statistics pinpointing the top 20 areas of the UK affected by crash for cash activity.
FSA to apologise over "bullying" TCF assessors
The Financial Services Authority (FSA) has said it will apologise to a firm's compliance officer for the conduct of two treating customers fairly (TCF) assessors during a supervisory visit after an official complaint was upheld.
Travelers targeting Lloyd’s growth
Travelers has announced a series of promotions within its Lloyd’s operation, Travelers Syndicate Management (Syndicate 5000), to support long-term development in the market.
Insurance Age blog: Some economics of commercial market hardening
Now, as you may have guessed from my previous ramblings I’m no economist. And even I realise that reading too much into two sets of data this month could be dangerous but they really have got me thinking about the old chestnut that is commercial market…
QBE launches first UK product via social media
QBE has launched a new travel insurance product in partnership with YearAbroadInsurance.com.
Brokers want service and commission for their schemes
Half of all UK brokers are managing various types of schemes and they want high commissions to keep it with one provider, according to a study.
Schemes head to leave Arista
Arista has confirmed that head of schemes Simon Henderson is to leave the company.
Public to foot bill if Quinn family succeed with legal action
Irish policyholders across Ireland will end up paying out if members of the Quinn family are successful in their legal actions against Quinn Insurance.
Giles offer for CBG Group “unconditional”
Giles Insurance Brokers’ cash offer for CGB Group, has now been declared unconditional.
MSL launches HR service for brokers
Alan Mills has been hired by MSL Legal Expenses to lead its new HR service.
Ellis joins Prince’s Trust Insurance Leadership Group
Grant Ellis, chairman of the Broker Network Group and Countrywide Insurance Marketing, is set to join the committee of The Prince’s Trust Insurance Leadership Group (ILG).
Alan Boswell opens three new offices
Alan Boswell Group has opened new offices in the City of London, Ely and Norwich.
Legal expenses provider loses two senior directors
ULR has announced that two senior directors have left the company.
Regulator warns of bogus firm offering motor cover for young drivers
The Gibraltar Financial Services Commission (GFSC) has issued a warning to the public regarding Unique Car Insurance.
Greater PI choice for brokers with new wholesale offering
Brunel Professional Risks has launched a wholesale professional indemnity (PI) broking service which it claimed gives brokers access to a wide PI market.
PPI complaints against banks continue to rise
Payment protection insurance (PPI) complaints at Barclays and Lloyds Banking Group rose by up to 30% in the first half of this year compared to the previous six months and may yet rise further.
Hardy reports large jump in COR
Bermuda-based Hardy Underwriting has announced a 17% deterioration in its combined operating ratio to 119% for the first six months of 2011.
Weak UK results disappoint IAG
“Disappointing” was the word repeatedly used by Australian giant IAG about its struggling UK business, dominated by Equity Red Star at Lloyd’s that has been ravaged by bodily injury claims.
Motor insurers move to help volunteers
Motor insurers have agreed not to charge extra premiums to volunteers who want to use their cars to help out their local communities such as by taking old and sick people to hospital appointments or on day trips.
Ecclesiastical to push COR below 98%
Group chief executive Michael Tripp said he was focused on reducing volatility and getting Ecclesiastical's combined operating ratio (COR) below 98%.