News
Biba extends 'Find a broker' function to mobiles
The British Insurance Brokers’ Association (Biba) has launched a ‘Find a Biba Broker’ app for iPhones and iPads.
Moss to receive £500,000 on top of basic salary
Andrew Moss will receive his basic salary in lieu of twelve months’ notice in accordance with his contract when he leaves Aviva at the end of May.
MGA offers new management liability policy to SMEs
Manchester Underwriting Management (MUM) has launched a new management liability policy for SMEs.
Hiscox reports improved GWP for UK arm
Hiscox has delivered gross written premium of £450.7m for the first three months of 2012, a slight decline from £453.5m in the same quarter of 2011.
Former Mitsui chairman banned as insurer is hit with huge fine
The Financial Services Authority (FSA) has fined Mitsui Sumitomo Insurance Company (Europe) £3.5m for serious corporate governance failings, and banned its former executive chairman, Yohichi Kumagai.
Tysers reports strong growth in 2011
Hawkes bay Holdings, the parent company of Lloyd's broker Tysers and underwriting agency Aquila Underwriting, delivered strong growth in revenue and pre-tax profit in 2011.
Jelf's profit improves while revenue remains stable
Jelf Group has reported a 10% improvement in operating profit in the six months ended March 2012 to £1.6m, up from £1.5m in the same period of 2011.
Aviva shares could rally on Moss resignation
Andrew Moss’ resignation will be welcomed by shareholders following a series of “unfortunate” events, according to investment bank, Panmure Gordon.
Aviva praises Moss’ performance despite share price woes
Lord Sharman, chairman of Aviva, has praised the performance of chief executive officer Andrew Moss and claimed that it was Mr Moss’ decision to leave the role.
Aviva CEO quits following shareholder pay revolt
Andrew Moss, chief executive officer at Aviva, has stepped down from his role with immediate effect and will be leaving the group.
MMA delivers much improved profitability ahead of Provident merger
MMA Insurance has delivered a strong set of results for 2011, its final set of results prior to its merger with Provident and rebrand to Covéa.
ALPS launches new product range following broker consultation
Auto Legal Protection Services (ALPS) has launched a range of six legal expenses insurance (LEI) and assistance products.
XL launches new combined product for UK businesses
The XL Group has launched a new combined product incorporating liability, property and business interruption covers.
Higos 'making history' with TV advert
Higos Insurance Services will screen its first TV advertisement on 8 May 2012.
Catlin makes hire for contingency business
Catlin Group has hired Simon Lyons as a class underwriter specialising in contingency insurance.
Direct Line reports 25% jump in profit
Direct Line Group, the insurance arm of Royal Bank of Scotland, has reported an operating profit of £84m for the first three months of 2012.
Aviva humiliated by shareholder pay revolt
Aviva’s shareholders have humiliated the insurer by voting against its remuneration package at the annual general meeting in London.
Former Bluefin and Davis directors set up new brokerage
Former Davis Group CEO, Leigh Smart, has established a new brokerage based in Newmarket and London.
RBS pumps another £125m into PPI compensation fund
RBS is set to follow Lloyds Bank’s example and put more money into its payment protection insurance (PPI) compensation fund, according to reports.
Tysers bolsters professional indemnity team with Gallagher hires
Lloyd's broker Tysers has made two additions to the professional indemnity team in its UK corporate division.
Chartis makes senior energy appointment
Chartis has looked within for its new UK head of energy.
L&G reports 17% hike in general insurance premiums for Q1
Legal & General (L&G) has reported gross premiums of £83m for the first quarter of 2012.
RSA reports positive start to 2012 with premiums up 5%
RSA has reported a 5% improvement in net written premiums in the first three months of 2012, up to £2.2bn from £2.1bn in the same quarter of 2011.
Novae reports 5% improvement on GWP for Q1
Novae Group has reported gross written premium (GWP) of £231.1m for the first three months of 2012.