News
SMEs prefer to deal direct for risk management
Over a third of UK small to medium-sized enterprises (SMEs) would rather buy their insurance direct and less than a quarter would go to a broker for advice on risk management, according to QBE research
Marsh ProBroker 'ticks all boxes' for Nsure
Worthing-based Nsure has become one of the first companies to join the Marsh network, ProBroker, a year after it was launched
Confusion predicted in aftermath of Sants exit
Industry experts have voiced fears that the departure of Financial Services Authority (FSA) head Hector Sants will plunge the insurance sector into confusion
Towergate HNW focus saves John Charcol from collapse
Towergate has snapped up troubled mortgage advisory business John Charcol from administration in a bid to boost its high-net-worth (HNW) and small to medium-sized enterprise (SME) proposition.
'Obscene' levies squeeze broker finances
Brokers could be forced out of business as a result of huge financial demands in the shape of a £70m levy made by Financial Services Compensation Scheme (FSCS) and a significant increase in minimum Financial Services Authority (FSA) fees
Merger talk unfounded
Market rumours that SSP had opened talks with Broker Direct with a view to a possible takeover have been denied by both firms
Oval appointed to global broker network
Oval Insurance Broking has been appointed as a member of the Wells Fargo Global Broker Network.
Cunningham Lindsey responds to Chile earthquake
Cunningham Lindsey International has announced it is working on a response to the recent earthquake in Chile.
JLT to restructure business to maximise benefits of managing general underwriter Thistle
Jardine Lloyd Thompson (JLT) has announced a 14% rise in fees and commissions to £612.9m in 2009 (2008: £526.1m) while underlying trading profit increased by 28% to £97.1m (2008: £76.2m).
RSA announces £30m impact of Chile earthquake
RSA, a leading insurer in Chile, has announced an expected financial impact of £30m, net of reinsurance, for claims arising from the earthquake.
Arag raids DAS and RSA for new hires
Bristol-based legal insurance firm Arag UK continues its recruitment drive with two further appointments.
Drogba off the Hook with a fine after having no valid insurance
Chelsea striker Didier Drogba has escaped a ban after admitting he thought his French insurance covered him in the UK.
PowerPlace develops its RSA and NIG offering
PowerPlace has announced the launch of RSA’s motor trade along with pubs & restaurants from NIG on its online commercial insurance marketplace.
Admiral profits increase by 7%
Admiral has reported a 7% increase in profit before tax to £216m for 2009, compared to £203m the previous year, while turnover rose 18% to £1.08bn (2008: £910m).
Report reveals 54% rise in false insurance claims
False insurance claims and identity fraud is on the rise according to a report by fraud prevention service the Credit Industry Fraud Avoidance System (Cifas).
Police warn of rise in staged road traffic accidents
The Metropolitan Police has warned of an increase in deliberately induced road collisions in the M25 area.