News
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.
Simply Business closer to management buyout
Simply Business is set for a deal to separate from Brit Group through a management buyout, sister title Postonline has revealed.
Ecclesiastical reveals Hews as group CEO
Ecclesiastical has appointed Mark Hews as group chief executive officer with immediate effect, replacing Michael Tripp whose plans for retirement were announced in January.
Ageas reaches out-of-court settlement with ex-Castle Cover men
Ageas has reached an out-of-court settlement with several former senior Castle Cover figures.
Markel improves COR by 5%
Markel International has reported a combined operating ratio (COR) of 92% for the first quarter of 2013, compared with 97% in the same period of last year.
Biba and ABI launch telematics guides
The Association of British Insurers (ABI) and the British Insurance Brokers’ Association (Biba) have produced two guides on telematics.
Lorega launches telephone support offering
Lorega has launched a telephone support offering designed to provide homeowners with swift response access to independent loss-adjusting experts.
Simplyhealth unveils new PMI plan for SME market
Simplyhealth has launched Simply Employee Health, a new private medical insurance (PMI) product for small to medium sized businesses.
Former comparison site director slapped with eight-year ban
A director of motorbike insurance comparison website Bike Insurer Services Ltd has been disqualified for eight years.
Zurich takes Sime from RSA to lead in Scotland
Zurich has recruited Chris Sime from RSA to be broker market head for Scotland.
RWA Group in Consumer Insurance Act learning platform aid
RWA Group has become the latest party to warn brokers about the implications of the Consumer Insurance Act and has also made an online tool available for brokers to get on top of the legislation.
Towergate bondholder report reveals £11.6m PowerPlace loss
Towergate racked up an £11.6m loss on the sale of PowerPlace, its annual bondholder 2012 report has revealed.
PowerPlace confirms free broker access to SME web product
PowerPlace has revealed that brokers will be able to access its B2C SME web trading offering without needing to pay upfront costs, provided minimum business volumes are transacted.
Das remains in profit as GWP rises
Das UK Group has posted a 10.5% increase in gross written premiums “and other technical income” for 2012 to £178.25m, up from £161.3m the year before.
Simplyhealth CEO Benjamin to retire
Des Benjamin, CEO of Simplyhealth, is to retire after 13 years of leading the company.
Covea targets frustrated brokers in commercial growth bid
Covea Insurance has set its sights on securing the business of brokers disillusioned with the leading insurers as it looks to double its commercial book.
Arc adds Noble Marine to roster
Arc Legal Assistance has signed up with Noble Marine Insurance to offer products to over 20,000 policyholders.
Purple takes on NIG mainstay to drive southern business
Purple Partnership has snapped up former NIG stalwart Andrew Elliot as development manager for the South.
Liberty restructures commercial property team
Liberty Mutual Insurance (LMI) has promoted Richard Brown to the new role of UK commercial property manager.
Towergate looks to bond markets to refinance debt with £396m deal
Towergate has turned to the bond markets in a bid to refinance "certain existing debt instruments".