News
Markerstudy goes for funeral directors
Markerstudy Group has acquired the business of Kent - based Beal & Co.
Industry moves to reassure brokers over ECJ ruling
The broker-facing insurance community has moved to allay concerns brokers might have following the announcement by the European Court of Justice (ECJ) that after 21 December 2012 gender cannot be used as a factor in calculating insurance premiums.
Insurance industry dismayed by ECJ ruling
The insurance industry has reacted with disappointment to the ruling by the European Court of Justice that as of December 2012 discriminating by gender will be unlawful for calculating insurance premiums.
Ecclesiastical appoints new regional director for the North
Ecclesiastical Insurance has appointed Julie Molloy as the new regional director for its northern regional centre with immediate effect.
JLT reports £20m leap in profits
JLT has reported a healthy 2010 with profits after tax coming in at £90.7m, an increase of nearly £20m on last year.
Young women drivers to pay more for insurance following EU ruling
The European Court of Justice ruling will bring to an end the use of gender in insurance pricing.
Arc claims first in legal expenses claims technology
Arc Legal Assistance has launched what it claims is the first UK iPhone claims App for legal expenses policies.
Allianz sees profits slide but maintains healthy underwriting result
Allianz has reported a £45m drop in operating profit to £158.5m (£203.7m: 2009) and a 3% deterioration in combined ratio despite a near £76m uplift in gross written premiums (GWP) for 2010.
Over 1,000 jobs lost as Auto Windscreens is closed
The administrators of Auto Windscreens have confirmed that 1,042 staff have been made redundant and the business closed.
Markerstudy buys part of Auto Windscreens
Markerstudy has confirmed that Trifords, part of its group of companies, has acquired selected assets from the liquidation of Auto Windscreens.
Insurance Age blog: FSCS - time to go to war?
So I ask, is it time for a court case? Has diplomacy failed and is it time to wield the big stick with a class action?
Bluefin chief calls for Aldermanbury Declaration to be precondition of agency
Bluefin chief executive, Stuart Reid, has called for commitment to the Aldermanbury Declaration to be a precondition of securing an insurer agency.
Admiral confirms plans to move into household arena
Chief executive of Admiral, Henry Engelhardt, has confirmed that the insurer is planning to move into household insurance.
1 Answer Network breaks through 50 member mark
1 Answer Network has signed four new members in February lifting its total member tally to 52.
APC aims to double SME book with new underwriting model
APC has implemented a new area rating underwriting strategy for the lower crime level areas throughout the UK and Northern Ireland with the aim of doubling its SME business in five years.
CCV signs Aldermanbury Declaration
Cullum Capital Ventures (CCV) has joined sister company Towergate in signing up to the Chartered Insurance Institute’s Aldermanbury Declaration.
LV experiences rapid growth and profit hike but takes £30m hit in December
LV experienced accelerated growth in 2010, increasing premiums by 45% to £1.18bn, but recorded an underwriting loss of £43m.
Biba lobbies Office of Fair Trading on PMI
The British Insurance Brokers' Association (Biba) has welcomed the Office of Fair Trading’s private healthcare scoping paper but urged it to address the activities of private medical insurance (PMI) companies.
Profits fall and combined ratio deteriorates at RSA
RSA has reported a 15% fall in profits after tax to £355m (2009: £419m) while net written premiums increased 11% to £7.5bn (2009: £6.7bn) in the year ended 31 December 2010.
Gallagher continues growth plan with Woodbrook buy
OIM Underwriting, Arthur J. Gallagher International’s current MGA platform, has acquired all of the assets and business of Woodbrook Underwriting Agencies.
Four arrested in latest coup for fight against fraud
Four men have been arrested as part of Operation Sledgehammer, an investigation into organised crime in the North-east region.
E-trading could kill off manual micro SME by 2013
All micro small to medium-sized enterprise (SME) business will be transacted online by 2013, according to Darren Rowe, sales manager at Powerplace.
Biba rallies brokers to lobby Parliament on FSCS fees
The British Insurance Brokers’ Association (Biba) has contacted members urging them to write to their Member of Parliament regarding the escalating cost of the Financial Services Compensation Scheme (FSCS).
Lockton recruits former chairman of RICS in Scotland
Lockton has appointed Janey Milligan as a consultant to its professions team in Scotland.