News
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).
Kerr Group buys two brokers
Northern Ireland based broker Kerr Group has expanded in the region with two acquisitions, Insurance Age can reveal.
FCA warns brokers over Pacific Blu
The Financial Conduct Authority (FCA) has told insurance brokers to withdraw sales of Pacific Blu’s policies immediately.
Allianz alleged to be on Soca list of firms which hired rogue PIs
Allianz has been named as one of the firms on a list of blue chip organisations to use corrupt private detectives, it has been reported.
Lorica adds seven
Lorica Insurance Brokers has appointed seven new starters in roles based in London, Birmingham and Hemel Hempstead.
EY nabs ex-FSA chief Nicoll
Sheila Nicoll, the former director of conduct policy at the Financial Services Authority (FSA), has joined EY’s asset management practice as a senior advisor.
UK Broker Awards 2013: Homer’s achievements celebrated
Five hundred attendees at Insurance Age’s UK Broker Awards celebrated the achievements of Andy Homer, as he received his award for promoting the general insurance broking industry throughout his career.
Covéa deputy chairman Fearn to step down after 14 years
Garry Fearn is to step down from his role as executive deputy chairman at Covéa Insurance.
FCA states it has never used private investigators
The Financial Conduct Authority (FCA) has stated that it has never used private investigators.
RSA's Redhill launch in "direct response" to brokers
RSA has described the launch of its commercial trading site in Redhill as a "direct response" to broker demand.
AJG's Deakin dismisses Giles integration challenge
Arthur J Gallagher's (AJG) new commercial director Janice Deakin has insisted that the integration of Giles will not be a "complicated business".
Chubb reveals cyber security product
Chubb has made cyber security insurance available for the first time through its Lloyd’s Syndicate, Chubb 1882.
Canopius Group posts improved profit, GWP and COR
Canopius Group has reported a profit of £42m for the first six months of 2013, up almost £10m from the £33m reported in the same period of 2012.
Axa UK unveils new group chief financial officer
Axa UK has unveiled Bertrand Poupart-Lafarge as the UK group's chief financial officer, replacing Jean Drouffe who will assume a leadership position in Axa France.
Allianz confirms claims division changes
Allianz has announced a series of management appointments to its claims division in a move designed to increase technical expertise across property, motor and casualty lines.
Insurance infographic: Under insurance in the major loss sector
In this infographic, Zurich Insurance explores the problem of underinsurance.
Arthur J Gallagher confirms £233m cash purchase of Giles
Arthur J Gallagher (AJG) has confirmed a cash deal worth £233m for Giles funded through free cash and borrowings on its line of credit.