News
Trust more important than price when choosing insurer
Brand recognition is a more important factor than price when consumers choose an insurer on aggregators, according to new research.
CCV's acquisition splurge continues
CCV has acquired Northumberland-based broker TVI Commercial.
Aviva refuses to deny job losses in Ireland
Aviva Ireland has refused to confirm or deny that it is set to slash 500 jobs from its Irish operation.
Breedon to leave L&G
Legal & General (L&G) has announced that group chief executive, Tim Breedon, will be retiring from the company at the end of 2012.
Keelan Westall grows Prestige Broker Club to 28
Keelan Westall has revealed the total membership of its Prestige Broker Club is 28, up almost 20% since the spring.
Groupama defends “immediate” notification Toba changes
Groupama has defended the changes to its terms of business agreements (Toba), issued to brokers on 20 September, which require brokers to inform the insurer immediately about fault claims.
Video: using client data to maximise marketing opportunities
Ahead of the launch of a special 13th edition on 22 September, dedicated to digital marketing in the broking sector, Insurance Age has spoken to a number of experts about the digital, business world.
Which? hits out at claims management companies over PPI
Which? has slammed claims management companies (CMCs) for providing “all too common” misleading advice, unfair contract terms and a lack of transparency about fees after an investigation into payment protection insurance (PPI).
FSA refuses to refund FSCS levy to exempted firm
The Financial Services Authority (FSA) has declined to refund a regulated firm a portion of its FSCS levies after the firm discovered it should have been exempt from the payment.
Mazars responds to Lloyd’s results
Mazars has described the £697m half year loss by Lloyd’s as a good result having predicted a £1.5bn loss and combined operation ratio of over 120% for the specialist insurance market.
Lloyd’s losses hit £697m
Lloyd’s has revealed a loss of £697m for the first six months of 2011 compared to a profit of £628m in the same period of 2010.
Andy Homer to become Biba chairman
The British Insurance Brokers’ Association (Biba) has appointed Andy Homer as its new chairman, replacing Patrick Smith.
Jelf director heads for Giles
Giles Insurance Brokers has appointed Andy Tedstone as group development director within the senior management team joining from Jelf where he was partnerships director.
New legal counsel for RBSI
RBS Insurance (RBSI) has announced the appointment of Humphrey Tomlinson as general counsel and company secretary.
RSA appoints new head of group legal
RSA has announced the promotion of Charlotte Heiss to head of group legal at its Group Corporate Centre.
Lloyd's underwriter moves to replace capacity
Glemham Underwriting has secured new capacity five months after it parted ways with previous provider, Barbican.
XL looks to Axa and Zurich to broaden middle market appetite
XL Insurance has broadened its appetite in the mid market space by opening up its offering to business with a turnover of between £25m-£250m.
Biba appoints new LMRC chairman
The British Insurance Brokers’ Association (Biba) has appointed Tim Coles as the new chairman of its London Market Region Committee (LMRC).
UKGI compliance membership approaches 400
UKGI has signed up ten new members, including both established and start up general insurance brokers, in its push for growth.
Liberty Syndicates appoints new chairman
Lloyd's managing agent Liberty Syndicates has appointed Keith Nicholson as non-executive chairman replacing the retiring Brian Fitzgerald.
Mazars predicts £1.5bn loss at Lloyd’s
Accountancy firm Mazar’s has warned that 2011 is on course to be the most expensive catastrophe year on record and that Lloyd’s combined operating ratio is set to exceed 120% for the first half of the year.
FSA spending longer on permission extensions
The length of time it takes the Financial Services Authority (FSA) to grant financial services firms permission to expand their businesses has increased by another 10% in the last year, according to a City law firm.
Judge accuses RSA firm of fabricating repair costs
RSA has been accused by a county court judge of artificially inflating repair costs charged to other insurers.
Pair jailed for £2m 'crash for cash' scam
Two brothers who benefited by almost £1m each from 'crash for cash' scams have been jailed for a combined period of 11 years.