News
QBE snares RSA's SME boss for senior role
QBE has turned to two of its largest rivals to secure a brace of senior hires.
Axa Commercial takes new approach to schemes business
Axa Commercial Lines is to implement a new approach to its schemes business which it believes will allow brokers and insurers greater control of schemes.
New 'professional combined' product hits the market
Acturis has introduced an auto-rated professional combined product combining professional indemnity, directors’ and officers’ (D&O) and office and liability cover to the open market.
Markel targets fine art market with MGA acquisition
Markel International has acquired Quay Underwriting (QU).
Autonet teams up with Unite
Autonet Insurance has signed a partnership deal with Unite which sees the trade union join the broker’s in-house affiliate networking scheme.
Ellis Clowes hires two to boost PI and D&O offering
Lloyd’s broker, Ellis Clowes, has bolstered its professional indemnity (PI) and directors’ and officers’ (D&O) offering with two new hires.
Aviva to attack corporate risk market with regional underwriting
Aviva will attempt to snatch a 20% share of the corporate risks market by increasing underwriting authority at a regional level.
Ex Footman James boss to lead JLT’s MGA
Former Footman James boss Paul Matthews has been recruited as CEO of JLT-owned Thistle Insurance Services.
Purple signs up Oak and Rural to panel
Purple Partnership has teamed up with Oak and Rural Insurance to offer further mid to high net worth cover options along with an agricultural risk specialism to members.
Underwriters' role will have diminished by 2022 according to report
The overwhelming majority of SME business (80%) will be traded automatically or direct in ten years’ time and there will be less emphasis on underwriters’ experience and judgment according to a report from the Chartered Insurance Institute’s (CII).
Axa details new products in e-traded Simple range
Axa has launched six new products in the first wave of its multi-channel distribution strategy for brokers.
Ai Claims sees slip in profit and revenue
Ai Claims Solutions has reported a fall in profit to £858,000 in the six months to December 2011 compared to £1.2m in the same period of 2010.
Cobra Network bags seven new members
Cobra Network has signed seven new members so far this year and has three others in the pipeline.
Axa makes further addition to regional network
Axa Commercial is set to open its 11th regional trading office with the establishment of a new branch in Maidstone.
JLT delivers good revenue and profit growth for 2011
Jardine Lloyd Thompson (JLT) has followed the trend of positive financial results in the insurance market with a 13% hike in profits before tax to £147.6m for 2011.
Aviva gears up for Irish branch sale
Aviva has set Friday 2 March as the deadline for first-round offers for its 26 Irish branches.
Kiln receives top rating for employee happiness
Lloyd's insurer Kiln has been made it on to the Sunday Times 100 Best Companies to Work For 2012 list.
Towergate increases South Western presence with acquisitions
Towergate Insurance has acquired Centenary Insurance and William Rogers Insurance Brokers.
Brit profits fall and drag COR with them
Brit has announced falls in gross written premiums (GWP) and pre-tax profits along with a worsening combined operating ratio (COR) in its results for 2011.
Investigation begins as Riverbourne is rescued
The Riverbourne Group, the Caterham-based broker that recently entered administration, has been purchased in a deal that will see the business split in two.
Plum doubles sales with focus on non-standard risks
Plum Underwriting has doubled its sales over the past year as a result of increasing numbers of people struggling to find appropriate home insurance.
Keychoice improves membership package
Keychoice has added five new benefits to its membership package as the firm tries to gain increased leverage in the network sector.
Financial strength rating a priority when brokers assess insurers
Brokers are placing much greater emphasis on the credit ratings of the insurers they deal with, according to a recent survey by NIG.
Oval strikes exclusive deal with St Helens RFC
Oval has been appointed as the sole insurance and risk management provider by St Helens RFC (Saints) for its new stadium at Langtree Park.