News
Chase Templeton adds £5m premium income with broker buy
Private medical insurance specialist intermediary Chase Templeton has purchased Hampshire-based broker UK Independent.
Bluefin in double ex-Jelf appointment for Birmingham and Ludlow
Bluefin Insurance has appointed Jim Pitchforth as development director in its Birmingham office along with Wendy Bushby as commercial broker in its Ludlow office.
Profits down but Allianz keeps commercial COR below 100%
Allianz has reported a reduction in operating profit of 4.3% to £161.5m for 2012, down from £168.7m in 2011.
Hiscox reports improved GWP, profit and COR
Hiscox has reported gross written premium of £1.6bn for 2012, up from £1.5bn in 2011.
1 Answer Network buys BrokerDrive
1 Answer Network has boosted its "strength in numbers" after buying online broker network BrokerDrive.
AIG reports $6.6bn profit for 2012
AIG has delivered a $6.6bn [£4.33bn] post-tax operating profit for 2012, up considerably from the $2.1bn achieved the year before.
Morgans Insurance Broking collapses into administration
A London insurance broker has collapsed into administration, Insurance Age can reveal.
Axa scoops up Slade Edwards' mobile catering scheme
Axa Commercial Lines & Personal Intermediary has swooped for Slade Edwards Insurance Brokers' mobile catering scheme following the broker motor market withdrawal of Ecclesiastical.
Russell Scanlan buys Henson & Company
Russell Scanlan and associate company Russell Ulyatt have bought East Midlands-based Henson & Company.
Wilson returns to Wilsons
Mark Wilson has returned to The Wilson Organisation in Nottingham, just weeks after leaving to join JLT.
Axa CEO: We are in best place for a decade
Axa is trading with “much better capability, much better service than we have delivered in the previous ten years”, Axa UK and Ireland CEO Paul Evans claimed.
Ecclesiastical abandons relocation plans
Ecclesiastical has halted plans to relocate its head office to a new site in Gloucester Docks due to the “continuing challenging economic environment”.
Broker Apprentice - Episode two: One camera, one minute, five brokers, five takes
This week the broker apprentices take on the regulation challenge of explaining the changes they’d like to see for brokers in the UK.
Giles goes to NIG for new Glasgow branch chief
Giles Insurance Brokers has appointed Alan Kirkwood as branch director of its Glasgow business.
CDL to tackle fraud "head-on" with platform expansion
CDL has extended its real-time pricing platform to allow brokers to discover the risk of a customer claiming on a policy or defaulting on premium payments.
Cardif Pinnacle joins UK protection association
Cardif Pinnacle has joined Protect, an association for UK protection markets.
Axa COR breaks 100% in UK & Ireland
Axa UK & Ireland has revealed that its combined operating ratio (COR) for 2012 deteriorated by 0.8% to break the 100% barrier, coming in at 100.2%.
IAG's results dented by UK performance
Insurance Australia Group's (IAG) half-year 2012 results were knocked by the performance of its recently-sold UK business.
RSA to open trading sites in Leicester and Edinburgh
RSA has confirmed it will open two trading sites this year in Edinburgh and Leicester in a move designed to build on its strategy of operating regionally.
Oak Underwriting: Helping brokers grow
In an exclusive video Bob Trott, managing director of Oak Underwriting joins Insurance Age’s editor-in-chief Jonathan Swift, to analyse developments in the high net worth market.
Ageas commercial COR improves to 109.9%
The new chief executive of Ageas UK, Andy Watson, has hailed the provider’s record profits while admitting it would not be looking to grow in commercial lines in 2013.
Hastings boss censured by Lloyd's over detrimental conduct
Neil Utley, chairman of Hastings Direct, has admitted to charges of detrimental conduct during his time at Equity Red Star.
Lexis Nexis launches new no claims database
Lexis Nexis Risk Solutions has launched the No Claims Discount module of its policy history motor database.
RSA endures UK commercial pain as COR worsens
RSA's UK commercial combined operating ratio (COR) deteriorated to 100.4% (2011: 98.7%) as it recorded a total UK commercial underwriting loss of £31m (2011: £2m) for the year ended 2012.