News
Mitsui Sumitomo adds PI and D&O experts to team
Mitsui Sumitomo at Lloyd’s has hired Joe Warner and Andrew Pecover as professional indemnity (PI) and directors and officers’ (D&O) specialists respectively to its Syndicate 3210.
Keelan Westall unveils extra benefits for Prestige Broker Club
Keelan Westall has expanded its Prestige Broker Club by offering a range of extra new member benefits.
Midas Underwriting takes on Lorega man to boost broker service
Midas Underwriting has unveiled Jon Mainwaring as director of broker development for the south.
Hodges pleased with top-line growth
Mark Hodges, CEO of Towergate, has declared the 1% increase in gross written premium and 3% rise in income as "really important" and a "positive for the group".
Towergate bondholder report puts net borrowing at £896m
Towergate's quarterly report for bondholders has revealed a loss on ordinary activities of £11.39m for the second quarter of 2013.
L&G broker director sets sights on motor market entry
Legal & General's (L&G) broker and intermediary director Mark Holweger has set his sights on entering the motor market in partnership with brokers later this year.
L&G enjoys strong COR improvement
Legal and General (L&G) has revealed that its combined operating ratio for the first half of 2013 improved markedly to 81%, from the 91% recorded for the same period last year.
Towergate posts £10m loss
Towergate has revealed a loss before tax of £9.9m for the first half of 2013.
Esure records 16.9% post-tax profit rise to £44.3m
Esure Group saw its post-tax profit jump 16.9% to £44.3m for the first half of 2013, up on the £37.9m recorded for the same period last year.
QBE's Smith returns to RSA
RSA has unveiled former QBE director Finlay Smith as UK commercial underwriting and pricing director.
Private investigator in Lloyd's of London blue-chip hacking claim
A private investigator who was jailed last year for his role in the blue-chip hacking storm has claimed that insurers at Lloyd's of London were among his clients, it has been reported.
Evolution in broker push with new sales co-ordinator
Evolution Underwriting has promoted Michelle Buckley-Clarke to the newly-created role of sales co-ordinator.
Insurance claims handler jailed for £39,000 fraud
An insurance claims handler who stole £39,000 from his employer to settle pay-day loans and drug debts was jailed for 17 months at Cardiff Crown Court on 2 August 2013.
Allianz UK CEO "content" to see broker motor book shrink
Jon Dye, CEO of Allianz UK, has stated that the company is in “very good shape”.
Ageas UK CEO Watson commits to motor schemes market
Ageas UK CEO Andy Watson has admitted that the insurer is watching motor "very closely" as prices and profitability continue to fall.
NIG owner’s commercial COR drops to 105.3%
Direct Line Group, owner of NIG and Direct Line for Business, has reported a combined operating ratio of 105.3% for the first half of 2013, an improvement on the 112.7% in the same period last year.
Allianz delivers profit and revenue growth
Allianz Insurance has unveiled an increase in GWP to £996.3m (H1 2012: £965.1m) and an increase in profits to £86m (H1 2012: £75.3m) for the first six months of 2013.
Bluefin takes on former Marsh director
Bluefin Insurance has named former Marsh regional development director Rachel Phillips as business development and proposition director for its corporate division.
Ageas UK enjoys 17.3% net profit rise
Ageas UK reported a net profit increase of 17.3% to £49.1m for the first half of 2013, up on the £41.9m posted for the same period of 2012.
Axa UK & Ireland reports improved half-year P&C COR
Axa UK & Ireland has delivered an improved combined operating ratio of 98.7% in property and casualty business for the first six months of 2013.
Miller takes on second Paragon man in two months
Miller has taken on its second former Paragon International man in two months.
Lark completes first "significant acquisition" since Groupama MBO
Lark Group has completed its first "significant acquisition" since its management buyout (MBO) from Groupama with the capture of Surrey-based HMT Insurance Brokers.
Towergate founder Proverbs joins 1 Answer Brokerdrive board
Tony Proverbs has been appointed as non-executive director at 1 Answer Brokerdrive.
RSA's UK arm swings back into underwriting profit
RSA's UK operations swung back to making a £73m underwriting profit for the first half of 2013, reversing a £10m loss posted for the same period last year.