News
Divided broker sentiment on Indy's fall from grace
As we mark the 10th anniversary of Independent going pop, two brokers divulge their personal and rather different experiences with the insurer.
Ten for TEn as network adds new members
TEn Insurance has signed up 10 new members to its broker network since the start of 2011.
Towergate pinches key players back from Rural
Towergate AIUA, an agricultural underwriting agency based in Harrogate, has confirmed the recruitment of four senior managers from Rural Insurance Group.
Sean Quinn to play starring role in family's High Court drama
Failed insurance tycoon Sean Quinn is set to be included as a defendant in a major High Court battle between his family and Anglo Irish Bank, according to the Irish Independent.
Brokers warn that lessons not learnt from Independent
On the tenth anniversary of the demise of Independent Insurance brokers have expressed their fears that the insurance industry has not learnt from the insurer’s collapse.
Motor market to remain in the red following £2bn loss in 2010
The UK motor market will not return to profitability until 2012 at the earliest as it struggles to recover from the £2bn loss it made in 2010.
Axa reveals new broker team for personal lines
Axa Personal Lines has unveiled a new structure for its intermediary and partners new business team, led by Kirsty Walker, director of sales and partnerships.
Markerstudy unveils commercial broker spree
Markerstudy has revealed that its recent purchase of Blagrove Insurance Brokers is the first purchase in a £100m acquisition spree.
Creating FCA and PRA to cost up to £175m
The Treasury has estimated that the cost of establishing the Prudential Regulation Authority (PRA) and transforming the Financial Services Authority (FSA) into the Financial Conduct Authority (FCA) could be between £115m-£175m.
Government takes next step in reform of FSA
The government has published its financial regulation White Paper and draft Bill. These provide further detail on its proposed reforms to the financial regulatory regime within the UK.
Independent 10 years on - the second broker instalment
In our continuing coverage of broker reflection on the fall of Independent Insurance, Bluefin’s Stuart Reid and Tim Ryan of Ryan Insurance share their thoughts.
HSBC gets extension to PPI complaints procedure
The Financial Services Authority (FSA) has confirmed that it has agreed to temporary arrangements for HSBC to handle payment protection insurance (PPI) complaints.
Independent 10 years on - the broker response
Ahead of the tenth anniversary of Independent Insurance going bust Insurance Age has canvassed opinion in the broker market asking what impact it had and whether the industry has learnt any lessons.
Former Axa chief Philippe Maso pitches up at Aviva
Former Axa Insurance UK CEO Philippe Maso has been appointed CEO of Aviva France.
Broker Expo reaches out to the southern market
Following the success of Broker Expo 2010, Insurance Age is delighted to announce the launch of Broker Expo South - the sister event to the flagship Broker Expo, the annual exhibition in Coventry.
FSA grilled over delayed FSCS review
The All Party Group on Insurance and Financial Services has expressed its disappointment that the regulator could miss the deadline for its review of the Financial Services Compensation Scheme (FSCS).
Select & Protect enters non-standard home insurance market
Select & Protect has launched a non-standard risk home insurance product for brokers aimed at customers struggling to find cover due to criteria such as a flood risk property, adverse claims history or criminal convictions.
John McFarlane revealed as next chairman at Aviva
Aviva has announced that John McFarlane will take up the position of chairman from Lord Sharman at the end of June 2012.
Markerstudy buys vehicle repair group
Markerstudy has bought £500m revenue firm Tonbridge Coachworks Vehicle Repair Group.
FSA declines to commit to April 2012 FSCS review deadline
Sheila Nicoll, director of conduct policy at the Financial Services Authority (FSA), has told a meeting of the All Party Parliamentary Group on Insurance and Financial Services (APPGIFS) that the barrier to continuing the Financial Services Compensation…
New product intervention approach could result in firm TCF rules
The Financial Services Authority (FSA) has revealed its intention to create a single set of rules for product intervention which could involve making all TCF material statutory.
FSA increases Sants’ car bill by £31,000
The Financial Services Authority (FSA) has admitted it under reported the cost of chief executive Hector Sants’ car benefits by £31,056 in 2010, according to The Times.
Aviva gears up for push in liability market
Aviva has made two appointments in its liability division which it claims shows its commitment to this market.
Amii conference to question future role of PMI
The Association of Medical Insurance Intermediaries (Amii) has announced the theme of “Hearts and Minds” for its 2011 exhibition and conference.