News
FSA regulatory inspections leap during 2012
Regulatory inspections of insurers for the first nine months of 2012 were up 38% on the total amount conducted for 2011, a survey has found.
Coface reports jump in profit amid 2013 economy warning
Coface has reported a €129m (£112m) net profit for 2012, up 80% from 2011.
Amlin swings back to profit and agrees $50m MGA deal
Amlin returned to the black after posting a pre-tax profit of £264.2m for 2012, a marked improvement on the £193.8m loss recorded for 2011.
BT launches motor claims legal services company with ABS
BT has launched a new legal services business for corporate customers, initially in the motor claims market, named BT Law Limited.
Marsh creates corporate division and structure
Marsh has launched a new corporate division within its UK and Ireland business, bringing together its national corporate and risk management practices as well as Marsh Risk Consulting.
Towergate and Lorega in new five-year deal
Lorega has partnered with Towergate to provide loss recovery products to the broker’s clients.
Hastings turns to Downton Abbey and the Inbetweeners for TV return
Downton Abbey's Hugh Bonneville and James Buckley of the Inbetweeners will be the voices behind Hastings Direct's return to TV advertising.
Insurers counter "poor compliance" claim after DVLA bans
Insurers have countered suggestions of "poor compliance" after it emerged that five household names had been temporarily suspended from receiving vehicle keeper information from the DVLA since 2010.
Top insurers banned from DVLA database
RSA, Groupama and LV are among the household names to have been temporarily suspended from receiving vehicle keeper information from the DVLA, Insurance Age can reveal.
L&G strikes five-year product deal with Newcastle Building Society
Legal & General (L&G) has agreed a five-year extension to its current deal with Newcastle Building Society for its general insurance products.
Willis secures Chartered broker status
Willis has been awarded Chartered insurance broker status for its UK business.
Bluefin CEO "bullish" about acquisitions despite 2012 blank
Bluefin Insurance CEO Stuart Reid has insisted he is "bullish" about the broker's 2013 acquisition prospects despite drawing a blank last year.
Broker Apprentice: The advertising winner revealed
“The one I’ve chosen actually had a strapline that we can use in advertising campaigns over a longer period.”
County Insurance to open Manchester office
County Insurance Consultants, part of the County Group, is poised to open a Manchester office.
Direct Line Group reports dip in GWP while COR improves
Direct Line Group (DLG) has reported a drop in gross written premium (GWP)for 2012, at £3.99bn down from £4.13bn in 2011.
Biba: IPT increase would be "counter-intuitive"
The British Insurance Brokers' Association (Biba) has warned the government ahead of the Budget that any increase in the standard rate of insurance premium tax (IPT) would be "counter-intuitive".
Gallagher Heath partners with Lorega on property claims
Gallagher Heath has signed up with Lorega to white-label its loss recovery insurance products and launch Gallagher Heath Assist.
Open GI buys PowerPlace
Open GI has confirmed the purchase of PowerPlace from parent company Towergate for an undisclosed sum.
Professionalism is crucial ingredient for enhanced benefits
Neil Clutterbuck, director of underwriting and technical at Allianz, has revealed that increased professionalism is part of a cocktail that could lead to enhanced products and benefits for brokers from the insurer.
Bluefin shrugs off Wentworth storm to post rising profit and EBITDA
Bluefin Insurance shrugged off the reported loss of business to broker Wentworth Alexander to record post-tax profit and EBITDA rises for 2012.
Brit reports improved profit and COR
Brit Insurance has reported an operating profit of £113.6m for 2012, up from £68.4m in 2011, in the first full-year results since it divested its UK business.
esure plans £50m stock exchange flotation
esure has announced its intention to float on the London Stock Exchange with an initial public offering (IPO).
LV MD: motor rates need to rise
LV managing director John O’Roarke has blamed falling motor rates for the only disappointment in its broker channel results for 2012.
QBE to cut 700 jobs
QBE is to cut up to 700 positions across Europe, Australia and the US over the next few years.