News
Allianz creates new sales and partnerships role in Speciality Retail
Allianz Retail has recruited Simon Masding as head of sales and partnerships for its Speciality Retail division.
Brightside building commercial aggregator
Brightside Group has confirmed that it will be using newly acquired technology company Quote Exchange to build a commercial insurance comparison site.
Ancile pushes into niche travel market with Sun Selection buy
Direct travel broker Ancile Insurance Group has acquired specialist insurance brand, Sun Selection.
Brightside buys aggregator technology firm Quote Exchange
Brightside Group has agreed to buy Quote Exchange for £3.7m in cash and just under 1.4m ordinary shares in Brightside.
Ex-Towergate trio reunited at Barbon
Barbon Insurance Group has confirmed the appointment of Brett Sainty as its new head of business for Cadogan Keelan Westall.
ECIS targets brokers through new affinity division
Electrical Contractors’ Insurance Services (ECIS) has announced the creation a new affinity group division.
HSB focuses on North London with new development hire
HSB Engineering Insurance has appointed Chantell Scott as development executive with a focus on North London and the surrounding areas.
Aon announces fall in UK broking income
Aon has reported a 3% fall in UK retail broking income to $629m (£392.1m) in the year ended 31 December 2010 (2009: $650m).
New LEI product tailored for smaller landlords
Arc Legal Assistance has teamed up with Swinton Commercial to launch a commercial rental guarantee product for semi-professional landlords.
Markel International sees GWP grow but COR deteriorate
Markel International has announced it achieved $709m (£436m) of gross written premiums (GWP) for the year to 31 December 2010 (2009: $641.20m).
National broker welcomes Bribery Act delay
JLT’s D&O liability team has welcomed the delay to implementation of the Bribery Act claiming there is too much uncertainty around the Act.
Biba hits out at FSCS levy rise
The British Insurance Brokers’ Association (Biba) has hit out at this year's over 50% increase in the Financial Services Compensation Scheme (FSCS) levy.
Brokers hit by further FSCS levy rise of over 50%
The Financial Services Compensation Scheme (FSCS) has announced that the general insurance mediation sub-class will have to contribute £93.5m in 2011/12 a 57% increase over last year’s levy (2010/11: £59.6m).
CEO for new broker regulator unveiled
The Financial Services Authority (FSA) has appointed Martin Wheatley as the new managing director of its Consumer and Markets Business Unit.
Accident Exchange slashes debt by £50m
Accident Exchange, the accident management company, has reduced its debt by £50m in a debt for equity deal.
Brightside expects to meet stock market profit expectations
Brightside Group has announced that it expects to meet stock market expectations of £6.5m-£7m in profits after tax for the year ended 31 December 2010.
Enforcement welcome but lacks bite says motor industry
The insurance industry has delivered a mixed response to recent government forays into uninsured driving and the cost of insurance in the sector.
Motorists happy to misrepresent to obtain cheaper car insurance
Research from the Association of British Insurers (ABI) has revealed that the majority of motorists are prepared to misrepresent a risk to get cheaper car insurance.
Health news: MCD trust fund scheme offers brokers alternative route into PMI
Medical Care Direct (MCD), part of the Skipton Group, has launched a scheme which offers brokers an alternative path into the private medial insurance (PMI) sector.
Health news: Pruhealth seeks to broaden its range in wake of SLH aquisition
Pruhealth is targeting general insurance brokers with a range of new healthcare plans following the acquisition of Standard Life Health (SLH) in August last year.
E-commerce: OFT sends out data sharing warning to insurance industry
The Office of Fair Trading (OFT) must clamp down on anti-competitive data sharing in the insurance industry, according to consumer watchdogs Which and Consumer Focus.
Discussion paper gives first hints regarding future philosophy of CPMA
The Financial Services Authority (FSA) has called for a public debate about how it, and in future the proposed Consumer Protection and Markets Authority (CPMA), should pursue the objective of consumer protection and specifically the issue of product…
E-commerce: Simply Business reveals ambitious GWP growth plans
Simply Business, has unveiled a gross written premium target of £100m by the end of 2012, up from £41m last year.
E-commerce: Policyfast and RSA come to non-EDI agreement
Online wholesaler Policyfast has reached an agreement with RSA to provide online business car and van policies to brokers.