News
BIBA 2010: Over half of brokers see value in online platforms
Over half of British insurance brokers believe using an online platform to trade with carriers will help them retain commercial insurance business that would otherwise go direct.
BIBA 2010: Galbraith calls on Government to introduce the "right legislation"
The British Insurance Brokers’ Association (Biba) is set to launch a major lobbying campaign to promote the role of the broker to the Liberal-Conservative coalition government.
PB Week: Elections, ash and merging offices
The latest PB Week, the official blog from Professional Broking, the management magazine for insurance brokers.
JLT announces director departures
Jim Rush, group finance director, and William Nabarro, group commercial director and chairman of the employee benefits business, are leaving the Jardine Lloyd Thompson (JLT) Group.
Lloyd's broker PYV and RSA launch new PI scheme
PYV, the Lloyd’s and specialist professional indemnity (PI) insurance broker, and RSA have launched a new PI scheme for appointed representatives of Sesame and Sesame Direct members.
Aviva claims to have "revolutionised" personal lines pricing
Open GI has integrated its motor quote engine with Aviva’s dynamic web-based rating engine in a move that aims to provide more competitive, real-time rates to brokers.
Annual inflation rate rises again
According to data from the Office for National Statistics (ONS), in the year to April, the consumer prices index (CPI) rose by 3.7%, up from 3.4% in March.
Majority of SMEs back moves to cut deficit
More than three quarters of small firms back moves to tackle Britain’s record deficit, a new Forum of Private Business survey has found.
1 Answer Network expands CDL licensing deal
1 Answer Network has entered into a long term contract with software specialist Cheshire Data Systems (CDL).
Brightside to raise £9m for acquisition
Brightside Group is set to raise £9m via the placing of 36 million new ordinary shares in order to part fund the acquisition of the eCar and eBike insurance brands.
UK Broker Awards now open for entries
The 2010 UK Broker Awards are open for entries
Hiscox hires regional managers
Hiscox has announced the appointment of Bill Guiney as regional manager of Manchester and Hannah Hosking as regional manager of Scotland and Ireland.
Questgates completes Teceris deal
Questgates has announced the completion of the final stage of its acquisitions from Teceris, part of Capita Group, which began on 11 February this year.
Allianz sees profits slip 10 points in first quarter
Allianz Insurance's pre-tax profits have slumped more than 10% to £36.7m (£41.1m: 2009) for the first quarter of 2010, despite a near 5% increase in gross written premium (GWP) to £411.3m.
Giles boosts Welsh team with hires from NIG and Moorhouse
Giles Insurance Brokers has appointed seven new members of staff at its Llantrisant-based Welsh head office.
Cullum reflects on extraordinary 2009 as Towergate posts results
Results reveal the Maidstone-based broking and underwriting group had a testing 2009.
UK business insolvencies down 15% in April
Mixed picture across country but optimisim for smaller businesses.
Markerstudy joins IFB
Markerstudy Insurance Company, a division of Markerstudy Group, has become the latest company to join the Insurance Fraud Bureau (IFB).
Home and Legacy joins with Westinsure
Home and Legacy has agreed a deal with Westinsure Group to provide additional mid and high net worth (HNW) expertise to its network of independent insurance brokers across the UK.
FSA criticises brokers' anti-bribery and corruption standards
The Financial Services Authority (FSA) has published the findings of its recent review of anti-bribery and corruption systems and controls in commercial insurance broker firms.
Ferrari crash lands insurer with huge bill
According to press reports an MOT garage worker wrecked a £245,000 Ferrari on Saturday when he took it out for a test drive.
Coverzones bought out of administration
Coverzones’ assets have been bought out of administration by its management team, supported by an unnamed major private investor.
Zurich European GI chief to leave following restructure
Zurich Financial Services Group has announced a streamlined management structure and related senior management appointments, affective as of 1 July, 2010.
Towergate postpones bond issue
Towergate refinancing on hold