News
Insurance insolvencies continue to fall
Insurance insolvencies continued to drop as the number of failures fell by 63% during March 2013, compared to the same month in 2012, a study has found.
XL details $300m Shariah compliant offering
XL Group is to offer Shariah compliant insurance cover to large corporate and middle market clients.
Capita in Shariah compliant MGA start-up
Capita Insurance Services has agreed to finance start-up managing general agent (MGA) Cobalt Underwriting Services.
Bluefin Professions aims for South East growth with new hires
Bluefin Professions has made four new appointments.
Quindell reports 900% revenue growth
Quindell Portfolio has reported revenues of £137.6m for 2012, over ten times the £13.7m revenue reported for 2011.
Hiscox UK sees GWP boost
Hiscox UK has revealed an 8.5% increase in gross written premiums (GWP) for the first quarter of 2013 to £96.7m (Q1 2012: £89.1m).
Bluefin back on acquisition trail with Bonsure capture
Bluefin Insurance Group has bought Dartford-based Bonsure Insurance Brokers and insisted it is "hungry for more deals", Insurance Age can reveal.
Hiscox launches wedding car scheme
Hiscox has teamed up with broker Abbeyfields to launch a niche policy for wedding car hire companies.
Insurer view: Professionalism as partnership
Aviva has concluded the insurer-view segment of Insurance Age’s professionalism campaign by declaring professionalism is about partnerships.
Aviva launches new niche online offering for brokers
Aviva has launched Marketplace, a new online portal for brokers.
General Legal Protection launches landlord rent guarantee product
General Legal Protection has unveiled a new landlord rent guarantee insurance offering.
LV Broker expands Kwik-Fit panel relationship
LV Broker has broadened its Kwik-Fit Insurance relationship by unveiling its ABC home product on the broker's panel.
Less than 30% of firms trust FCA's ability to promote competition
Just 28% of firms are confident in the Financial Conduct Authority's (FCA) ability to deliver effective competition, a survey has found.
Lorica takes four from Towergate in regional hire sweep
Lorica Insurance Brokers has added five new recruits across the UK.
Brokerbility unveils MacKay Corporate as first Scotland member
MacKay Corporate has joined Brokerbility as its first Scottish-based member, taking the group’s membership total to 36.
UK General hits 500-scheme target
UK General Insurance has reached its 500-scheme target and laid out plans to focus on a "product-led strategy" concentrating on "profitable business, as opposed to chasing volume".
DLG sees profits rise as UK motor GWP takes a hit
Direct Line Group has reported a combined operating ratio (COR) of 98% for the first quarter of 2013, a 6.5% improvement on the COR posted in Q1 2012.
Arag expands claims team
Arag has added three new members to its claims department with the appointment of two new claims handlers, as well as a senior claims handler in the before-the-event team.
Bluefin CEO would "welcome" Fusion directors
Bluefin CEO Stuart Reid has admitted that Fusion Insurance directors Nick Wright and Stewart Gardiner would be "welcome additions" to the broker.
Former IFB and Groupama director joins Coversure
Former Insurance Fraud Bureau (IFB) and Groupama director Phil Bird has returned as a broker with Coversure.
RSA reports flat UK premiums
RSA has reported net written premiums of £726m in the UK for the first quarter of 2013, up fractionally on the £725m written in the same period of 2012.
Arthur J Gallagher reveals Barbon Insurance Group capture
Arthur J Gallagher (AJG) has bought all the property and commercial businesses within Barbon Insurance Group (BIG) for an undisclosed amount.
Towergate confirms £396m bond offering rate
Towergate has announced the pricing of £396m of debt, in the form of senior secured notes due in 2018.
Ageas and Hood Group in five-year home insurance deal
Ageas has joined Hood Group’s home insurance panel.