News
Japan Earthquake will not trigger hard market, says Willis Re
Relatively orderly price movements at the 1 April Japanese reinsurance renewals have indicated that the Tohoku Earthquake is not the catalyst that will bring about a hard market, according to Willis Re.
LV reports switch from loss to profit in 2010
LV has revealed a reversal of 2009’s £172.2m after tax loss to a profit of £21.3m in 2010 as it published its full year group results.
Fusion to recruit 100 staff in Coventry
BGL owned contact centre, Fusion, has announced a recruitment drive for 100 jobs in Coventry.
Bribery Act looms as guidance is published
The director of Public Prosecutions (DPP) Keir Starmer QC, and the director of the Serious Fraud Office (SFO), Richard Alderman, have issued joint guidance for prosecutors on the Bribery Act 2010.
PPI tops list of complaints about general insurance
Complaints made to the regulator about payment protection insurance (PPI) came second only to complaints made about banking last year.
Jackson proposals to be implemented in full
The Lord Chancellor, Kenneth Clarke, today announced in the House of Commons proposals for implementing major changes to the way in which civil litigation is funded in England and Wales.
Axa makes latest commercial team appointment
Axa has appointed the Chartered Insurance Institute’s (CII) Alasdair Stewart as commercial director.
New network Momentum signs up to the Aldermanbury Declaration
Momentum Solutions - the broker network headed by former Oval MD Howard Pepper - has signed up to the Aldermanbury Declaration.
Profits and revenue rise at Brightside
Bristol-based broker Brightside Group has reported a 48.1% in revenue to £66.2m (2009: £44.7m) along with a rise in profits after tax from continuing operations to £6.49m (2009: £4.66m) in its year end results for 2010.
Man dealt one year prison sentence for personal injury fraud
A man who submitted an inflated £1.35m claim for damages for injuries in a car crash has been sentenced to one year’s imprisonment after the courts found him guilty of contempt of court.
Bupa 'first' claim met with scepticism
Rival private medical insurance providers have expressed surprise at Bupa’s claim to have secured an industry first in its cancer cover limits.
Ecclesiastical appoints product development leader
Ecclesiastical has named Jo Kibble as its new head of product and proposition development reporting to strategic marketing director Mike Mintram.
Competition Commission lays down rules over sale of PPI
The Competition Commission (CC) has published a list of requirements relating to the sale of payment protection insurance (PPI) in a bid to remedy the point of sale issues that have dogged he sector.
Ecclesiastical signs up to Home & Legacy panel
Mid and high net worth wholesale broker, Home & Legacy, has announced that specialist insurer Ecclesiastical is set to join the company’s household insurance panel.
Ageas announces Castle Cover acquisition
Ageas UK has acquired intermediary Castle Cover for £52.8m. According to the insurer, the purchase will increase its customer numbers to around eight million.
Market sentiment survey enters second week
There is still time to have your input and give your views in Insurance Age’s first Sentiment Survey of 2011, sponsored by Groupama Insurances.
The Aldermanbury Declaration - one year on: the debate
If you missed yesterday's live webinar debating the Aldermanbury Declaration - one year on - it is now available for viewing on-demand.
ABI gives thumbs up to Osborne's Lord Young promise
The Association of British Insurers (ABI) has welcomed UK Chancellor George Osborne’s promise to implement the recommendations in Lord Young’s report on health and safety in full.
Few early surprises in Chancellor’s 2011 Budget
Chancellor George Osborne has delivered his ‘Budget for growth’ which at first glance appeared to hold no nasty surprises for brokers.
RSA looks within business for new personal lines chief
RSA has appointed former MD of More Than, Mark Christer, as managing director, UK personal lines.
Stackhouse Poland buys Allison & Partners
Stackhouse Poland has bought Plexstar Insurance Services, which trades as Allison & Partners, for an undisclosed sum.
Stride breaks into commercial market
Stride expanded into the commercial insurance market with the immediate appointment of Sally McIntosh to head up a new dedicated commercial insurance unit.
Aon responds to Hector Sants’s financing call
Aon has called for the nature of risks posed by a firm to be taken into account when the FSA calculates fees.
Payment protection market urged to respond to Government consultation before deadline
As the period for the Treasury’s consultation on Simple Financial Products draws to a close, the protection insurance industry has been urged to respond or live with the consequences.