News
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.
New network system to "revolutionise" SME trading
The managing director of 1 Answer Network has claimed a new system that has been implemented will revolutionise the way SME business is traded.
CFC appoints new BDM in push for UK growth
CFC has appointed Chris Gilson as UK and Ireland business development manager.
Lorica achieves chartered status
Lorica Insurance Brokers has become the latest broker to achieve chartered status.
Ink increases PI footprint with IRS acquisition
Ink Underwriting Agencies has acquired Indemnity Risk Solutions (IRS).
Marsh sells part of HSBC business to R K Harrison
R K Harrison has acquired a portfolio of four businesses from Marsh UK.
Bartleet takes first step in growth strategy
Bartleet Enterprises has acquired Chesham Insurance Services.
AA calls for less talk, more action on whiplash claims
The AA has called for the government to take action on whiplash, and said it hopes the second insurance summit will be the “last talking shop”.
RBS approached by private equity firm over Direct Line sale
Direct Line's parent company Royal Bank of Scotland (RBS) has received an informal expression of interest from a new private equity firm, according to the FT.
ABI accused of playing 'cynical and duplicitous game' over portal fees
The Association of British Insurers (ABI) has reportedly advised members to start negotiating with offers of £150 for legal fees in low value claims.
County subsidiary completes first acquisition
County Insurance North West (NW), part of the County Group, has completed its first acquisition in the shape of Whitchurch Insurance Services.
Lloyd's puts another £375m towards PPI provision
Lloyd’s Banking Group has set aside a further £375m to cover claims from customers who were mis-sold payment protection insurance (PPI).
Deadline for Cobra bids extended
The deadline for potential bidders for the Cobra Group has been extended until the end of May.
LV hires claims director from American Express Insurance
LV has appointed Chris Rolland as claims director responsible for overseeing all aspects of claims within LV's general insurance business.
QBE's acquisition strategy contributes to Moody's downgrade
QBE's "aggressive pace of acquisitions" has led Moody's to downgrade the outlook of the insurer's senior debt ratings from 'stable' to 'negative'.