News
Henderson appoints Counsell as non-exec chairman
Former Deloitte finance director replaces Fred Gibson, who is moving to a non-executive director role.
Aviva achieves best COR in eight years
Insurer posts group COR of 95.7% and revenue of £1.4bn in 2014 results.
Admiral cites Google for drop in Confused's profit to £15.8m
Admiral Group has reported that its UK aggregator Confused.com saw a drop in pre-tax profit to £15.8m in 2014 (2013: £21.7m).
Two hundred Belfast-based Ageas Retail jobs at risk
Firm enters 90 day consultation period with staff over office closure.
Profit jumps at MCE
Broker reveals increase in turnover for 2014.
Henderson cancels office opening in Glasgow
Broker still planning to expand in Scotland.
Holweger sees “huge opportunities” with brokers for L&G
Provider chief hails “strong profit performance” and growth.
Insurers urged to “maximise potential of data revolution”
ABI director general Huw Evans urges insurers to “have the stomach” work together to gain customer trust on data usage.
Howard Green to become CEO of Besso
His appointment follows the resignation of Colin Marshall.
Hancock steps down as chair of Biba’s smaller brokers board
Andrew Gibbons moves up from deputy to lead board with Ashley Rogoff.
GWP flat at L&G in 2014
Provider’s general insurance operating profit drops 14.5%.
JLT says Towergate was never in its sights
Broker not interested in consolidator despite snapping up some elements of the business.
JLT has "continued appetite for acquisitions"
Bosses say 2014 results highlight “continued momentum of the business”.
IBSC consulting on handbook for commercial clients
Proposed handbook modelled on Code of Conduct published last year.
Applied Systems signs up with MyLicence
Software provider to integrate its broker management system with the MIB Hub in the coming months.
DLG reports 2.6% rise in GWP for commercial division
But the motor division has seen a reduction in operating profit and the number of policies in force.
Moneysupermarket's net profit rises by 52% to £52.8m
Ebitda rose by 13% to £95.2m in 2014, in line with the aggregator's expectations.
RK Harrison and Hyperion sign up to merger deal
The boards and shareholders of both companies give their approval for the deal.
Profit and revenue growth for JLT
Group and UK arms both increase revenue for global broker despite challenging conditions.
Opportunities in data for brokers
Data can help brokers but they must use information in a way that pleases the FCA. Insurance expert Duncan Minty investigates.
IIG launches airside liability product
Policy set-up to 'help regional brokers grow their businesses'.
Arag launches commercial landlords policy
Insurer says the new product was created after demand from brokers.
Hiscox plans to grow its broker book
Chief underwriting officer Richard Watson says insurer will continue to focus on high net worth and small commercial risks.
Hiscox UK and Ireland sees 5.5% rise in GWP
Sector reports combined operating ratio of 88.6% for 2014.