News
Report shows UK business insolvencies down 15% year-on-year in February
The latest Insolvency Index from information services company Experian has revealed a year-on-year fall in business insolvencies during February.
Gamage and Cosh launch Invicta Insurance Services
Former operations manager at Woodstock Insurance Brokers, Steve Gamage, has set up a new broking service provider called Invicta Insurance Services.
Bupa could cut up to 300 jobs
The health care insurer has warned that between 200 and 300 jobs may be in jeopardy.
Manson Insurance Group reveals growth plans
Manson Insurance Group, part of Jelf Group, is moving to larger premises in the Manchester business district.
Insurance fraud could reach £2.5bn in 2010, says Experian
General insurance fraud losses could reach £2.5bn during 2010,according to global information services company Experian.
Former RSA UK CEO McIntyre to join Fortis
Former RSA UK CEO Bridget McIntyre is in line to become a non executive director of Fortis.
Pexton replaces Tolliday as Omega CEO
The board of Omega Insurance Holdings has announced that Richard Pexton, former CEO of Heritage Underwriting Agency, will become CEO and joins the Omega Board with immediate effect.
Biba broadens PMI group remit
The British Insurance Brokers’ Association (Biba) has today (19 March) announced that its Private Medical Insurance (PMI) Group will broaden its remit to include areas such as income protection, critical illness, and group life insurance as well as PMI.
Aviva launches media product
Aviva has launched a specialist media insurance product covering a range of businesses including on and offline publishers, marketing and advertising companies, photographers, broadcasters and local media.
Crash for cash motor fraud spreads across UK
Motor insurance fraud is affecting more of England’s most densely populated areas than ever before, according to research from law firm Keoghs.
KGM hires senior underwriter from NIG
KGM Motor Insurance has appointed David Martin as fleet class underwriter. Mr Martin has joined the business from NIG where he was senior motor underwriter
FM Global's gross premium rises to $4.7bn
FM Global has reported a 5.6% increase in gross premium in force to $4.7bn (£3.0bn) and net income of $840m in 2009.
Biba blasts FSA stance on adequate resources
Eric Galbraith, chief executive of the British Insurance Brokers' Association (Biba), has criticised the Financial Services Authority's (FSA) approach to adequate resources.
Lorega raids Axa for broker business development manager
Loss recovery insurance specialist Lorega has appointed Jonathan Mainwaring as broker business development manager for the southern region.
Allianz wins Darren Bent credit hire appeal
Allianz has today (18 March) won a ruling at the Court of Appeal which returns the credit hire related case of England striker Darren Bent back to court in Cambridge.
What the Papers Say - latest edition
Stories analysed this month include: FSA levies and fees; delay in Tory regulatory plans; declining claims service; and the Government's abortive dog insurance plan which has recently been shelved.
Co-op reports rise in general insurance GWP
Co-operative Financial Services (CFS) has reported a 7.6% increase in general insurance gross written premiums to £424.3m in 2009, compared to £29.9m the previous year.
PPI reimbursement could cost up to £3bn, warns report
The Financial Services Authority (FSA) consultation document on Payment Protection Insurance (PPI) mis-selling has costly and serious ramifications for the PPI industry, according to Defaqto.
Admiral accused of discrimination and breaching race laws
Which? has claimed that the Admiral Group, which includes Bell, Diamond and Elephant.co.uk has broken race laws by charging customers who were born outside of the UK more than those born in the country
Majority seek broker recommendations when buying PMI, according to study
A recent survey by specialist healthcare insurer National Friendly has found that word of mouth is proving most effective in securing new private medical insurance (PMI) business for brokers
PB Week: Thinking about the election
Last week, dear reader(s) I brought to you the furore surrounding the compulsory dog insurance proposal from the government, writes Emmanuel Kenning, reporter at PB.
FSA plans to hire 460 staff to boost supervision and implement Solvency 2
The Financial Services Authority (FSA) has published its business plan setting out its priorities for 2010/11.
Chaucer appoints production head
Chaucer Holdings has announced the appointment of Andrew Voke to the newly created role of head of production for Syndicate 1084 with immediate effect.
Government in dog insurance law u-turn
The Government has made a u-turn on plans to force all dog owners in England and Wales to insure against their pets attacking someone.