News
Law firms scrambling for PI cover amid rate hikes
Scores of law firms are reportedly facing a battle to secure professional indemnity (PI) insurance cover in time for the 1 October renewal deadline, with rates up by some 40% compared to last year.
Allianz unveils cyber product suite
Allianz Global Corporate and Speciality (AGCS) has unveiled three insurance products in response to "growing cyber criminality".
Direct Group hires from Oval and Swinton
Direct Group has made two senior appointments with former broker duo Julia Harwood and Marie Rogers.
Ten to follow John Lewis with Employee Benefit Trust set up
Ten Insurance is set to follow in the footsteps of John Lewis and set up an Employee Benefit Trust (EPT) over the coming weeks.
Saffron awarded chartered status
Saffron Insurance has been awarded chartered status for its commercial division.
Home Affairs Committee extends rogue investigator timescale
The Home Affairs Committee has given the Information Commissioner (IC) until 8 October to conduct a two-week "scoping exercise" in a bid to establish the scale of the blue-chip private investigator storm.
Brightside's Holman mystified by Markerstudy's stance
Brightside chief executive Martyn Holman has described Markerstudy's comments about the broker's capacity flows as "frankly a bit strange".
Bluefin takes on former Thistle director
Bluefin Insurance has appointed former Thistle man Jamie Eaton as affinity development director for its London office.
Marsh warns of "worrying trend" for unrated PI insurers
Marsh has cautioned that the presence of unrated insurers in the small and medium-sized professional indemnity (PI) space is a "worrying trend".
Swinton endures 48% profit slump as it confirms job losses
Swinton suffered a post-tax profit slump of almost 50% during 2012 as the high street broker reined in the sale of monthly add-on products.
Axa confirms regional leaders
Axa Commercial Lines and Personal Intermediary has completed its regional broking management team responsible for leading each of its seven regionally-based sales teams.
Westinsure MD Erwin shrugs off broker departures
Two former Westinsure brokers have left to join Bluefin Network.
Keelan Westall creates specialist broking team
Keelan Westall has set up a new specialist broking team to take control of the firm's non-standard commercial and residential property business.
HCC unveils two new PI team arrivals
HCC International has added two new underwriters to its professional indemnity (PI) division.
Berliner exits UK solicitors' PI market
Insurer Berliner is withdrawing from the UK solicitors’ professional indemnity (PI) market.
Professionalism in focus - the institute's view
In the second of our concluding three-part video series, Steve Jenkins, director of financial services and insurance markets at the CII, gives the institute’s view.
Ghost broking scam: Two admit to laundering proceeds
Two men have admitted to the Old Bailey that they laundered the proceeds of a nationwide motor insurance scam, netting more than £500,000.
Brightside rejects revised Markerstudy offer
The board of Brightside has rejected Markerstudy’s revised offer as “fundamentally” undervaluing the broker and has dismissed the need for future takeover talks.
Markerstudy cuts Brightside offer to £100m and calls for clarity
Markerstudy has revealed that it has cut its offer for Brightside from 27p a share to 20-22p per share valuing the company at £100m at most, down from £123m previously.
Sabre snapped up by private equity group BC Partners
Sabre has been bought by BC Partners, according to reports.
Capita ready to sell insurance business
Capita is reportedly preparing to sell its direct to customer insurance businesses.
What The Papers Say: September 2013
Michael Gaughan joined Andrew Pearce and Emmanuel Kenning to discuss the spat between Biba and the Law Society over solicitors’ professional indemnity insurance.
First Assist Legal Protection goes to AIG for new regional BDM
First Assist Legal Protection has appointed Thomas Jones as new business development manager.
Transactor buys out London Market partner
Transactor has bought out the minority shareholding of G2 Consultants in Transactor London Market (TLM).