News
#Insagepeople: 8 - 14 February 2016
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Aon posts 1% fall in profit for 2015
Total revenue was flat at $3.3bn.
PIB set to swoop for Fish Insurance as first acquisition
Company specialises in insurance products for people with pre-existing medical conditions, mobility issues and disabilities.
Quizzical questions: 05 February 2016
Test your knowledge of the week’s news with our topical news quiz.
Broking Break: The Six Nations - QBE predicts the winner
Actuaries at the insurer have crunched the numbers to try and pick the winner.
UK General swaps Ageas for Great Lakes in three year deal
New capacity comes as five year personal lines relationship ends.
Applied Systems teams up with Ageas
Insurer's shop and office product launches on Applied TAM.
Concordia launches Broker Protect
MGA says product is specifically designed for brokers and covers employment-related risks.
AA launches insurance company
Company targets 250,000 policies beginning with motor while home is to be added in due course.
Beazley posts 8% pre-tax profit rise for 2015
Insurer to seek shareholder approval for moving headquarters to UK.
Gallagher won’t focus on big deals in 2016
CEO says most UK integration is complete and the broker will now only focus on smaller “tuck in” mergers.
Towergate hires James Barnard as chief transformation and change director
Barnard joins from Aviva.
LV enhances ABC Home product
Insurer makes changes to cover above £75,000 contents threshold and standard offering.
Smaller brokers are being pushed out of market, says MP
Politicians and Biba criticise FCA for burden of regulation on insurance brokers.
Bernard Mageean joins PIB
Mageean takes MD role as the business also appoints 18 other new staff.
Gallagher posts Q4 broker profit fall
Company says UK consolidation will be “nearly done” by the end of 2016.
Elite Insurance withdraws from solicitors’ PI market
Insurer cites unsustainable premium prices, fraud and proposed legal changes as factors in the decision.
Swinton confirms swap from SSP to CDL
Some legacy systems “not fit for purpose” – CDL roll-out to start this year with end of 2017 completion.
Tim Rolfe to leave Canopius at the end of March
Rolfe has held the retail CEO position for more than five years.
MP criticises distorted FCA funding in Parliament
Former broker Craig Tracey MP says FCA regulation of the insurance industry is not proportionate.
Swinton to move from SSP to CDL for retail business
Timings still to be confirmed.
Pen Underwriting enhances delegated commercial business
Key areas to undergo improvement include compliance and governance and technical support.
FCA, FOS, FSCS branded “not fit for purpose”
MPs raise Early Day Motion in Parliament.
Video: Stuart Rootham
Howden's Stuart Rootham reveals why he chose insurance broking instead of banking.