News
Cobra finally reaches agreement on £7.3m cash offer from Burrows' Alto Group
The directors of Cobra have reached an agreement on the terms of a recommended £7.3m cash offer to be made by Alto for the entire issued and to be issued share capital of the broker.
RSA reveals new sales director
RSA has pounced to appoint Owen Thomas as sales director within its reshaped Global Speciality Lines (GSL) division.
RSA and The Co-operative unveil motor recovery deal
RSA and The Co-operative Insurance have announced a bilateral agreement aimed at settling outstanding motor recoveries.
Aviva aims to please brokers with streamlined systems
Aviva has selected Guidewire PolicyCenter as its new underwriting and policy administration system, and Guidewire ClaimCenter as its new claims management system for its core UK commercial lines business.
HSB snaps up loss control engineering manager
Specialist engineering insurer HSB Engineering Insurance has snapped up Jim Whitmore as loss control engineering manager for construction.
Capita creates 30 jobs in Gloucester
Capita Insurance Services has created 30 new jobs in its underwriting services division in Gloucester.
Giles boosts management team with appointment
Giles Insurance Group has swooped to appoint Paula Williams as regional managing director for the North of England as it looks to strengthen its management team.
AIG to use its brand name once more
AIG will use its brand in public once more after having shied away from using its own name.
Brokers endure fastest commission decline for two years
Average commissions, fees and premiums fell at their fastest rate since June 2010 during the last quarter, according to the latest CBI/PwC Financial Services Survey published today.
Marketform appoints interim CEO on permanent basis
Lloyd's insurer Marketform Managing Agency has confirmed interim CEO John O'Neill has been appointed on a permanent basis.
MSL extends LEI product range
MSL Group has launched two products to be sold exclusively through brokers.
Towergate goes to Aon for new broking sales director
Towergate Insurance has appointed Lisa Bartlett as divisional sales director within retail broking.
UK D&O rates continue to fall
Director's and officer's (D&O) liability insurance rates fell by up to 10% in the UK during Q2 this year, according to Marsh's Global Insurance Market Quarterly Briefing.
Gocompare delivers £34.7m profit
Gocompare.com has announced a £34.7m pre-tax profit for 2011, a 15% increase on 2010.
RK Harrison in £30m refinancing deal
RK Harrison Group (RKH) has secured a £30m refinancing deal with Clydesdale Bank and Royal Bank of Scotland (RBS).
Keychoice launches social media package for brokers
Keychoice has launched a social media start-up package designed to help brokers get to grips with the technology.
TGSL targets insurers and virtual underwriters with new division
Transactor Global Solutions (TGSL) has set up an enterprise division aimed at insurers and virtual underwriters.
Motor will not return to profit until at least 2014, says Ernst & Young
The motor insurance market will not make a profit in 2012 or 2013 despite a significant profitability improvement in 2011, according to Ernst & Young.
ABI reveals new chairman
The board of the Association of British Insurers (ABI) has nominated Tidjane Thiam as the next chairman of the trade body.
Randall & Quilter says acquisition pipeline remains strong
Randall & Quilter (R&Q) will confirm that its Canadian managing general agency (MGA) will close during the company's Annual General meeting (AGM) today.
ebroking 2012: Brokers must use internet to their advantage
Brokers need to be more mindful of how they are using the internet to promote their business, according to Craig Freeman, digital account manager at Brand Formula.
Broker demand fuels Rural Insurance product growth
Rural Insurance is boosting its range of covers in the UK equine market to satisfy broker demand.
Law Society aims to garner broker support for PII reform
The Law Society is looking to garner support from brokers and insurers for the use of its professional indemnity insurance (PII) composite proposal form.
BGL Group snaps up new MD for brands
BGL Group has swooped to appoint Mark Townsend as managing director of Frontline - the business unit responsible for BGL brands Budget and Dial Direct.