News
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.
Gallaghers wins race for Giles
Arthur J Gallagher has won the race for Giles, Insurance Age understands.
Kwik Fit's Lynch stands down as managing director
June Lynch has stood down as managing director of Kwik Fit Financial Services.
Brokers riled by consumer credit licence interim charge
Controversy has engulfed newly-announced consumer credit licence (CCL) charges which could see brokers stung twice for fee payments.
Hiscox CEO hails positive results as broker channel grows
Bronek Masojada, Hiscox CEO, has praised a “good set of results” for the first six months of 2013, which he said represented a step forward for the company.
Motor and home insurance premiums fall again in Q2 2013
Motor and home insurance prices “plummeted” in the second quarter of 2013, according to the most recent AA British Insurance Premium Index.
Hiscox sees GWP rise to £1bn as profit and COR improve
Hiscox has reported a pre-tax profit of £181m for the first six months of 2013, up from £126m in the same period of 2012
LV operating profit slips to £43m amid "difficult" motor market
LV saw its operating profit slip to £43m for the first half of 2013, down on the £62m posted for the same period of 2012 for general insurance.
Bluefin posts £13m loss for 2012
Bluefin Group has reported a loss of £13.1m for the year ended December 2012.
Aon reports 2% profit slip
Aon saw its profits creep down by 2% for the second quarter of 2013 to $241m (£156.4m), compared to the $246m posted for the same period last year.
FCA warns firms to take anti-money laundering responsibilities seriously
The Financial Conduct Authority (FCA) has published its first annual report on anti-money laundering (AML).