News
Bottlenecking leads to PPI extension for top culprits
The Financial Services Authority (FSA) has agreed to temporary arrangements with extended timeframes for Barclays, Lloyds Banking Group and RBS to handle payment protection insurance (PPI) complaints.
Meerkats and opera singers come under the FSA's spotlight
The FSA's announcement of guidance for aggregators when it comes to treating customers fairly in the selling of general insurance has provoked a flurry of responses from you the loyal reader. Perhaps you're tired of the large opera singer and Aleksandr…
CBG launches cover for booze industry
CBG has launched an insurance product to meet the specialist needs of the commercial brewery industry.
Compare The Market also welcomes FSA review
Insurance comparison website Compare The Market has added its voice to the industry’s welcome for the Financial Services Authority’s (FSA) review into whether aggregators are treating customers fairly.
What the papers say - June 2011
In this month’s edition of What The Papers Say, Insurance Age editor Martin Friel and senior reporter Emmanuel Kenning discuss the biggest stories in insurance with Paul Upton, chief executive officer of Evolution Underwriting.
FSA spends £763k on delayed FSCS review
The Financial Services Authority (FSA) spent £763,000 on a review of the Financial Services Compensation Scheme (FSCS) only to then shelve it in 2010, Insurance Age has learnt.
Aviva has a second bite of the telematics cherry
Aviva is re-entering the telematics market with a "new" way of working with companies’ existing technology.
Brit becomes latest insurer to join Powerplace
Powerplace has added Brit Insurance to its panel of insurers.
Gocompare responds to FSA’s comparison site review
The only aggregator currently a member of the British Insurance Brokers' Association (Biba), Gocompare.com, has welcomed the Financial Services Authority’s (FSA) proposed guidelines for comparison sites.
Biba welcomes FSA proposed guidance for comparison websites
The British Insurance Brokers’ Association (Biba) has welcomed the Financial Services Authority’s (FSA) guidance consultation for insurance comparison websites.
FSA review reveals TCF issues for aggregators
The Financial Services Authority (FSA) has deemed it necessary to issue proposed guidance on the selling of general insurance policies through price comparison websites.
LV increases Ipswich presence
LV has announced the expansion of its current operation in Ipswich which deals with car insurance queries within the general insurance business.
New chairman for Howden
Howden Insurance Brokers has appointed Lorraine Adlam as chairman.
Swinglehurst's accounts in lockdown
Lloyd’s insurer Swinglehurst has reportedly had its company accounts frozen after running into tax diffculties.
Gallagher raids Towergate for senior hires
Gallagher International has poached the managing directors of two of Towergate's largest underwriting units.
Quinn to continue writing UK business until 2012
Quinn Insurance will continue issuing new UK policies until the end of 2012, despite its new owners only buying its Irish operations, according to reports.
Markerstudy breaks into commercial motor with broker buy
Markerstudy Group has acquired Blagrove Insurance Brokers, located in Carterton, Oxfordshire.
Giles offloads life science arm to Oamps
Oamps Special Risks is understood to have bought Giles’ life sciences division.
European network targeting independent UK brokers
Trust Risk Control, a European network of independent insurance brokers, has signed an agreement with Asferica Consulting to provide a presence in the United Kingdom for brokers looking to compete for international business.
Brightside splits management roles
Brightside Group has decided to split the roles of chief executive officer and finance director citing the “interests of good governance”.
Axa raids Towergate for IT director
Axa Commercial Lines has appointed Ross Burns, formerly of Paymentshield, as the new IT director in Amanda Blanc’s senior leadership team.
Acquisitions an option for Jelf
Group chief executive at Jelf, Alex Alway, has confirmed the consolidator remains in the market for acquisitions but only at the right price.
Ink boosts PI team ahead of solicitors’ renewal season
Ink Insurance has appointed two lead underwriters from St Mary Underwriting as it looks to expand in the solicitors’ professional indemnity (PI) market.
Allianz launches motor add-on for retail brokers
Allianz has launched Allianz Pro-Motor Rescue, an add-on motor insurance product.