News
Bankers challenge FSA over PPI
The Financial Services Authority’s (FSA) principles-based approach to regulation has come under attack from the British Bankers Association (BBA).
Brit expands commercial motor team
Brit Insurance has appointed Gerry Ross as underwriter, commercial motor.
FSA warned not to stifle innovation
The length of time it takes the Financial Services Authority (FSA) to grant financial services firms permission to expand their businesses has more than doubled in the last year, says City law firm Reynolds Porter Chamberlain (RPC).
Zurich restructures UK business
Zurich has announced changes to the organisational structure of its UK general insurance (UKGI) business in a bid to bolster its accountability to the market.
HSB appoints London and South East regional manager
Sian Williams, regional broking director at Willis, has moved to HSB Engineering as regional manager for London and the South East.
Mid-corporates bullish about 2011, according to Chartis
Research by Chartis has found almost two thirds of mid-corporates are positive about the outlook for their business for the next 12 months.
Insurance Age blog: Bankers, music and brokers
Bankers just don’t get it, but do you? You might think that bankers in Ireland and the history of HMV have little to teach insurance brokers. But I beg to differ.
Survey finds increasing loyalty to aggregator sites
A survey by consultants EMB has found that around a third of people buying car insurance now choose an aggregator site to visit based on one they have used before, up from 26% in February.
Axa unveils senior personal lines team
Axa has revealed the senior management structure for its newly created personal lines operation, which now combines all its intermediated, partnerships and direct businesses, including Swiftcover.
Towergate teams up with the meerkat
Towergate will be provided with business insurance leads via comparethemarket.com
Video: Surviving the construction PI market in a recession
As the UK’s construction sector struggles to come to grips with the current recession, attention within the insurance industry has focused upon the professional indemnity (PI) exposures associated with construction and particular emphasis has been placed…
Roger Carr appointed president of CBI
Roger Carr is to succeed Incisive Media’s non-executive chairman, Helen Alexander, as president of the Confederation of British Industry. Mrs Alexander has been in the role since 2009 and Mr Carr will take up the post at the end of her term of office in…
Ace targets brokers with regional expansion
Ace has opened larger premises in Watford in a bid to build relationships with more regional brokers.
Marsh lures Tunnicliffe back from Aon
Andrew Tunnicliffe is to rejoin Marsh as UK head of Marsh Risk Consulting.
Datamonitor predicts strong growth for personal GI market
Research from independent market analyst, Datamonitor, has suggested 2010 has shown a return to growth for the personal general insurance market and that 2011 will herald the start of a period of continued strong growth.
Commercial property contracts under threat from flood defence cuts, says JLT
The Government’s £200m cuts on flood defences could have a catastrophic effect on the commercial property market by making flood insurance unavailable, Bill Gloyn, partner, european real estate at JLT has warned.
Scullion takes on MD role at PHP
The Private Health Partnership (PHP), part of the Skipton Building Society group, has appointed Stuart Scullion as managing director effective from 1 January 2011.
Bluefin hires ex-JLT man to senior role
Bluefin Insurance Services has appointed Mike Crisp to the newly created role of business development director in its corporate risks division.
SRA consultation could scrap single renewal date for solicitors' PII
The Solicitors' Regulation Authority (SRA) has proposed the removal of the single renewal date for professional indemnity insurance (PII) for firms from October 2011, so that they can renew cover at any time of the year.
Video: What professionalism means to you - the market speaks out
At this year's Broker Expo, Insurance Age teamed up with the Chartered Insurance Institute to ask brokers what professionalism means to them
Insurance Age blog: Snow effect on the economy
This morning, ahead of writing my first blog for Insurance Age, I was standing on a frozen railway platform and somewhat surprised that the trains were being cancelled faster than orders for “England 2018” t-shirts.
Former Venture Preference MD joins Broker Network with start-up
Nick Inge, previously board director of Stuart Alexander and regional managing director of Venture Preference, has chosen Broker Network for Opus Risk Solutions.
Household insurance in flood risk areas subsidised by £511 annually, says Axa
According to data from Axa, household insurance for homes in high flood risk regions is being subsidised by £511 each year. The insurer stated this means that homeowners in affected regions are only paying 42% of the true cost of insurance to protect…
Survey shows half of brokers unaware of CIE regulations
Allianz Commercial has found that almost 50% of brokers have no knowledge of the new Continuous Insurance Enforcement regulations, which are due to come into force early in 2011.