News
Axa acquires broker marketing agency
Axa UK has announced its acquisition of marketing agency, Ignition NBS.
IIB slams Law Commission consultation
In its response to the Law Commission, the Institute of Insurance Brokers (IIB) stated that it does not believe any amendments to insurance law should attempt to confer different rights to private and business policyholders (or any combination of the two…
NU expand its property team into the regions
Norwich Union (NU) has expanded its property team by providing the largest number of regional consultants.
iprism in second network tie-up deal
Online small to medium-sized enterprise comparative quote facility iprism has signed its second broker network 1 Answer Network two weeks after announcing its first network tie-up with UKGI.
Ace appoint UK distribution director
Ace UK has announced the appointment of Patrick Drinan as UK and Ireland national distribution director.
Groupama kicks off graduate campaign for 2008
Following its inaugural graduate in-take in 2007, Groupama Insurances has launched its 2008 Graduate Recruitment Programme.
NU bolsters property team
Norwich Union (NU) has expanded its property team by providing what it claims is the largest number of regional consultants.
Oval acquires again
Broker Oval has acquired its second stand-alone IFA business, with Leicester based financial advisory firm Ward Mitchell Partnership.
FSA close down Manchester broker - directors banned
A Manchester insurance broker has been closed by the Financial Services Authority (FSA) after investigations revealed that the firm was selling insurance without underwriting in place, leaving clients uninsured.
Biba pushes for fast-track changes to electronic motor certificates
The British Insurance Brokers’ Association (Biba) has welcomed the Department for Transport’s (DfT) announcement that motor insurance certificates will now be permitted to be delivered electronically as it is a win-win situation for customers and the…
Firms to feel the squeeze in 2008
Escalating economic worries, higher prices and tighter spending will combine to make 2008 a much tougher year in the Insurance Brokers market, according to business analysts Plimsoll Publishing.
ProAktive take equity interest in TIB Insurance Brokers
Yorkshire-based ProAktive Risk Group has agreed a deal to take an equity interest in TIB Insurance Brokers.
Allianz announce 2007 Third Quarter Results
Allianz Insurance has revealed a £63m drop in its profit before tax in the first nine months of 2007 compared with the prior year reporting period.
Citybond buys Aon UK’s wholesale travel insurance book
Citybond Suretravel, a division of Citybond Holdings, has acquired Aon's wholesale travel insurance book of business.
Jelf Group launches combined healthcare business
Jelf Group has integrated Jelf Corporate Healthcare, SPS Wellbeing and Healthwise into one trading business, Jelf Wellbeing.
Poultry farmers could lose £30m if avian flu spreads
UK poultry farmers could lose as much as £30m if the latest outbreak of avian flu spreads throughout the UK, according to insurance broker and risk management consultant Aon.
Renters are risking £50bn worth of belongings
Over two million British renters are putting an average of £23,195 worth of possessions at risk because they fail to take out home contents insurance, according to new research.
Primary General chairman Jonathan Davey quits
In a statement posted on its website Primary General said: "The Board of PBS Holdings Limited and Jonathan Davey wish to jointly announce that with immediate effect Jonathan has stepped down from the board and those of its subsidiary companies."
ABI's proposals for foreign car collisions
Increased driving between countries is leading to more collisions throughout Europe, according to a report by the Association of British Insurers (ABI).
Equity acquires Lincs broker
Representing its 15th regional purchase so far this year, Equity Insurance Group has acquired Cleethorpes broker, Martin Anderson Insurance Consultants.
Homeowners 'can't be bothered' shopping around for cover
Homeowners could be missing out on great deals by neglecting to shop around for their home contents or buildings policies according to a survey conducted by Sainsbury’s Home Insurance.
Venture Preference boosts GWP by £25m
Venture Preference (VP) has acquired two brokers through its Smart & Cook business and one via its Stuart Alexander business boosting the broker’s gross written premium (GWP) by £25m.
Allianz creates new retail division
Allianz Insurance has restructured its operation to create a new trading division focusing exclusively on the insurance needs of individual customers.
Fortis reports 12% GWP growth in first nine months
Fortis Insurance UK has reported a 12% increase in gross written premium £581.5m for first nine months 2007. The insurer said in a statement its growth has been driven by 20% year on year increase in GWP for private car and a 9% year on year increase in…