News
Muir buys out key shareholder of 1 Answer Network
1 Answer Network managing director Paul Muir has increased his stake in the company with a buy out of the 38.57% holding of Optimas Insurance Group, an investor in the network since launch in 2006.
Homecall Plus rescued from liquidation
After being placed into compulsory liquidation in May this year, Homecall Plus has been bought by a 21 year old female entrepreneur from Wigan.
UIB appoints former Travelers man for top role
United Insurance Brokers has appointed Tony Dilley as international operations director and he will assume responsibility for the running of all UIB’s international offices.
Travelers creates two further senior underwriting roles
Travelers Insurance Company has appointed two new chief underwriting officers (CUO)to its UK business.
Heath Lambert name falls by the wayside
Heath Lambert is to start trading as Gallagher Heath following its acquisition by Arthur J. Gallagher & Co in May.
New Manchester manager for Dual
Dual Corporate Risks has promoted Martin Joyce to manage the company’s national business unit in Manchester.
Moody's: Axa's referral fee stance could benefit the sector
Axa’s recent decision to no longer accept personal injury referral fees could benefit the sector as a whole according to credit ratings firm Moody’s.
Reich embarks on acquisition spree with Barnett buy
Reich Insurance has completed the acquisition of Bolton-based D Barnett Insurance Brokers.
Claims volume forces FSCS to exceed budget
The cost of running the Financial Services Compensation Scheme’s (FSCS) “business as usual” workload in 2010/11 was £37m, according to its Annual Report and Accounts 2010/11.
Cost of motor insurance inquiry re-opened
The Transport Committee has agreed to re-open its inquiry into the cost of motor insurance, in the light of further concerns about the rising cost of premiums.
Bulletin from Bordeaux: Axa’s global chief sees UK market hardening
In his third special report from Axa's media conference in Bordeaux, Emmanuel Kenning reports on UK commercial market hardening and Axa's global prospects.
Staddon on his way out at Biba
The head of technical services at the British Insurance Brokers’ Association (Biba) is set to depart at the end of the month, Insurance Age understands.
Towergate adds more corporate muscle to board ahead of flotation
Towergate Insurance has announced its intention to appoint Truett Tate as an independent non-executive director.
ECJ ruling will only apply to new contracts
The Treasury has confirmed the ban on the use of gender in underwriting will not affect policies taken out before 21 December 2012.
AMII not letting claims transparency issue drop
The chairman of the Association of Medical Insurance Intermediaries (AMII) has promised that the Association will continue to pursue a resolution to the thorny issue of claims transparency.
Bulletin from Bordeaux: Axa targeting 96% COR
In his second report from Axa's media conference in Bordeaux, Emmanuel Kenning reveals the insurer's plans for broker commissions.
Bulletin from Bordeaux: Axa’s chief economist on the global economy
In a series of special reports, Emmanuel Kenning reports from Axa's Bordeaux media conference.
FarmWeb nabs Arista manager for growth drive
FarmWeb has appointed former Arista employee, Sonya Hawkins, as operations manager.
Ombudsman slams claims companies over PPI scandal
Claims management companies (CMCs) have “exploited” payment protection insurance (PPI) complaints, according to the Financial Ombudsman Service’s (FOS) legal director.
Westinsure hires regional heads to increase membership buy-in
Westinsure has created six regional centres in a bid to maximise member use of the insurer deals it has negotiated.
Axa Personal Lines loses claims trio
Axa Personal Lines has lost three of its senior claims management team.
Incisive Media cleans up at the Biba Awards 2011
Journalists from Insurance Age and sister title Post Magazine topped three categories and received four highly commended awards at the British Insurance Brokers’ Association’s 2011 journalist of the year awards.
Lorica raids rival brokers for key hires
Lorica Insurance Brokers has signalled its intention to accelerate business growth this year with six new hires.
Lack of resources could hinder Bribery Act
As the 2010 Bribery Act comes into force on the 1 July, anti-corruption watchdog Transparency International UK has warned that its enforcement could be undermined by a lack of resource.