News
Giles outlines provisional offer for CBG
Giles Insurance Brokers has responded to CBG’s confirmation of its approach with a possible offer at a price of 32p per share in cash for the entire issued and to be issued share capital of CBG.
CBG confirms Giles approach
CBG has confirmed that it has received an approach from a fellow broker which could result in an offer for the business.
European capacity still buoyant, says Marsh
Insurers are still vying for lucrative accounts and insurance capacity remains buoyant in Europe, the Middle East and Africa (EMEA), according to a new report published by Marsh.
Aspen swoops for M4 renewal business
Aspen Insurance has announced that its regional platform, Aspen Risk Management, has agreed to purchase certain commercial insurance renewal rights and other related assets from M4 Underwriting.
Brokers warned to take heed of corporate manslaughter case
Recent charges made under the Corporate Manslaughter Act should serve as a reminder to brokers of the need to advise clients appropriately, Allianz Commercial has warned.
Law Society survey finds increase in PI renewal difficulties
The Law Society’s Professional Indemnity Insurance (PII) Survey: Renewals 2010 has found that more firms had difficulty renewing their PII in 2010 than in 2009 and more reported an increase in premiums.
1 Answer to expand into new premises
1 Answer Insurance has purchased new purpose-built premises within excess of 2,500 square foot which it will share with 1 Answer Network.
Powerplace goes West with new regional hire
Powerplace has appointed Phil Warman as regional sales manager for Wales along with West and Central UK.
NIG makes senior hire to strengthen FarmWeb contract
NIG has appointed Andy Brock as its new head of agricultural business.
Victor Millwell rolls out self-service motor caravan portal to brokers
Victor Millwell has announced that its online portal MotorCaravan Plus has been opened up to the full broker market.
Axa Assistance reports rise in turnover and profit
Axa Assistance has announced a 5.2% increase in turnover to £829.2m (€929m) for 2010 from £788m in 2009 along with a rise in net profit to £17.8m (2009: £11.2m).
MMA moves to boost commercial underwriting nationwide
MMA Insurance has announced a series of new appointments and promotions across the country to expand its commercial underwriting team.
Business insolvency rate stabilises in UK
The latest Insolvency Index from Experian has revealed that mid-sized and large businesses performed better in June this year than in 2010.
RSA relaunches into legal indemnity market
RSA has announced a strategic partnership with independent broker Litigation Protection to focus on legal indemnity with solicitors and licensed conveyancers as it seeks “a dominant position in the market”.
Axa recruitment signals "core market growth"
Axa Assistance UK today announced the appointment of Kelly Ward as sales and marketing director with a view to accelerating growth in the motor, property, health and legal assistance sectors.
Insurance Age blog: Where did the culture of compensation come from?
When Axa came out and sang from the roof tops about its decision to ban referral fees, it labelled the move "a first step in a journey to reform the emerging compensation culture which it claimed was spiralling out of control".
L&G warns of increase in burglaries
Legal & General (L&G) has queried the findings of the British Crime Survey which reported a 14% increase in burglaries in England and Wales but found “no evidence” that the recession is having an impact on overall crime figures.
Ageas moves to strengthen broker relationships
Ageas has appointed Roy Watkinson to the new position of head of commercial pricing and underwriting to support the growth of its commercial lines business.
Jelf targets the North West for growth
Jelf Manson has appointed Alan Sumner to the newly created role of North West sales director, as the broking group looks to grow its business in the region.
Flaxman appointed to CEDR commercial mediation service panel
Roger Flaxman has been appointed as a member at the Centre for Effective Dispute Resolution’s (CEDR) commercial mediation service, CEDR Solve, as one of 18 insurance specialists on the 120-strong panel.
Carruthers follows Blanc to Axa Commercial
Axa Commercial Lines has appointed Max Carruthers as chief operating officer. He will join the business towards the end of 2011.
Brit swoops for key property player from Zurich to head up new team
Brit Insurance has formed a new, specialist team offering insurance to property investors as part of its UK business unit.
THB Group doubles pre-tax profits to £1.9m
THB Group has announced an increase in broking profits to £4.8m along with a group pre-tax profit of £1.9m for the six months ended 30 April 2011.
Broker stars in Microsoft advert
Reading-based Macbeth Chartered Insurance Brokers features in a video advert for Microsoft’s new cloud computing solution, Office 365.