News
FSA plans to bump up max compensation to £150,000
The Financial Services Authority (FSA) has proposed an increase in the maximum compensation which may be awarded by the Financial Ombudsman Service (FOS) from £100,000 to £150,000.
Government urged to cut red tape for SMEs ahead of spending review
The Forum of Private Business is calling on the Government to reform tax and red tape for small business ahead of the Comprehensive Spending Review.
FSA revokes regulatory permission for two brokers
The Financial Services Authority (FSA) has cancelled regulatory permission for Cheshire-based Right Deal Insurance Services and Kent-based A2b Commercial Insurance Services.
CBG marketing manager triumphs at CII Manchester awards
CBG Group’s marketing manager, Stuart Turnbull, has won the President’s Outstanding Achievement accolade at the Chartered Insurance Institute’s Manchester Insurance Awards.
RSA boosts D&O team
RSA has appointed David Berry to its professional and financial risks department.
Insurance Age blog: Never trust a banker
Just when you think that all of the banking world's dirty laundry must surely have been aired by now, another skeleton tumbles out of its rather large and murky closet.
Home & Legacy joins growing online mid-net-worth sector
Brokers having to work harder than ever to retain MNW clients, according to Home & Legacy.
Axa's new CEO takes up reins at start of October
Paul Evans takes up his new position as chief executive officer of Axa UK on 1 October, following on from his appointment earlier this year to deputy CEO. He also joins Axa’s global executive committee.
Heath Lambert wins Express Newspapers account
Heath Lambert has won the contract to place the general insurance risks of Express Newspapers and provide the company with risk management services.
JLT announces name change
Jardine Lloyd Thompson Group has announced the forthcoming change of name of Jardine Lloyd Thompson Limited (JLTL) to JLT Specialty Limited.
Arista raids NIG for senior underwriter in Leeds
Commercial lines underwriting specialist Arista Insurance has appointed former NIG senior business development manager, Steve Ford, as senior underwriter for the Leeds area.
Broker Hastings appoints new financial controller
Broker Hastings Direct has appointed Joy Butler as its new group financial controller.
Oamps broking director leaves business
The director of Reigate-based Oamps UK Insurance Brokers has resigned.
Allianz Retail launches direct motor product
Allianz Retail has launched an online car insurance product direct to the consumer under the Allianz brand for the first time.
Former UK General chief exec Tim Rolfe joins Canopius
Canopius has announced the appointment of former chief executive of UK General, Tim Rolfe, as head of UK retail strategy.
Injury claims costs in motor rising by nearly a third a year, claims Towers Watson
The cost of injury claims in the UK car insurance market has grown recently by nearly 30% per annum according to Towers Watson.
Simplybusiness hires underwriting manager from Hiscox
Simplybusiness.co.uk has announced the appointment of Deborah Reid as underwriting manager.
Open GI links with imarket
Open GI has joined forces with imarket to provide a range of new commercial insurance products on its Open Trader platform.
Lloyd's profits drop by over 50%
After the "costliest" half year since it began interim reporting, Lloyd’s has reported that its profit before tax has more than halved to £628m (June 2009 £1.32bn) while the combined ratio has risen to 98.7% (June 2009 91.6%).
29% of chief executives have no worries
Survey finds some surprises in the attitudes of chief executives, but further down the chain there is deep concern about redundancy.
Brightside reports rise in revenue and profit
Brightside Group has reported a 24% rise in revenue to £26.6m for H1 2010 (H1 2009: 21.4m).
Zurich targets mid-sized market
Zurich has announced it is launching a new strategy and product suite for its mid corporate business customers.
HSB raids Powerplace for South East broker development exec
Specialist engineering insurer HSB Engineering Insurance has hired Bryony Glover to the position of development executive for London and the South East region.
BLG expands following purchase of Halliwells' insurance arm
Due to the Halliwells acquisition, Barlow Lyde & Gilbert (BLG) has occupied a further four floors of its existing premises in Chancery Place, Manchester.