News
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.
Insurance companies implicated in use of rogue private investigators
Ten insurance companies have been implicated in the use of the “rogue element of the private investigation industry”, according to a report from the Serious Organised Crime Agency (Soca).
Towergate confirms capture of Ellis Bates and crane hire business
Towergate Insurance has confirmed the acquisitions of Ellis Bates Insurance Brokers and the crane hire insurance business of Senior Wright Insurance Services.
Alan Boswell Insurance Advisers moves to new Peterborough HQ
Newly-rebranded Alan Boswell Insurance Advisers has moved to a new office in Peterborough.
SSP adds Mutter-Bowen to team
SSP has recruited Kate Mutter-Bowen as head of insurer and business partner relationships.
Bluefin Insurance goes to Jelf for new Bristol recruit
Bluefin Insurance has appointed Andy Purnell as a client services director in its Bristol office.
Profits and revenues rise at Gallaghers
Arthur J Gallagher has reported a group increase in profits to $93.5m [£61.4m] for the second quarter of 2013, from $71.7m in the same period of 2012.
Axa makes double appointment for Reading branch
Axa Commercial Lines and Personal Intermediary has made a double appointment for its Reading branch.
Broker Network & Countrywide adds Pitt to top team
Broker Network & Countrywide has appointed Richard Pitt as sales and marketing director.
Towergate's Lawton: It's only half-time
Mike Lawton, chief executive of Towergate’s broking division, has reflected on the changes at the consolidator and described his work in progress as being at “half-time”.
Towergate to open Leicester office
Towergate is to open a new office in Leicester during the final week of August, Insurance Age can reveal.
LV names former Co-op chief Neave as non-exec director
LV has appointed David Neave as a non-executive director.
AmTrust strikes £56m deal for Sagicor
AmTrust Financial Services is to buy Sagicor Europe (SEL) and Sagicor at Lloyd's for £56m.
JLT sees half year profits rise
Jardine Lloyd Thompson (JLT) Group has reported a 3% increase in profit before tax to £85.1m for the first six months of 2013.
LV boss blames investment return and motor for profit drop
LV general insurance managing director John O'Roarke blamed falling investment returns and plummeting car insurance rates after the provider's operating profit dropped by a third.