News
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".
Covea unveils commercial strategy to rival "traditional" mid-market insurers
Covea Insurance is looking to sign up a trio of senior recruits as it sets its sights on repositioning itself as a "credible alternative to traditional mid-market insurers".
McCann to replace Plumeri at Willis
Willis has confirmed that Jim McCann will succeed Joe Plumeri as non-executive chairman when he retires in July.
Aon enjoys 10% profit growth for Q1 2013
Aon has posted a 10% profit rise to $261m [£169m] from $238m for the first quarter of 2013, compared to the same period last year.
Axa launches tradesman policy on PowerPlace
Axa Commercial Lines has launched its tradesman and professional policy on PowerPlace - its fifth product to go live on the online marketplace.
Sterling rebuffs commoditisation debate with PI cover launch
Sterling Insurance has rejected the commoditisation debate with the launch of a new professional indemnity (PI) cover.
UKGI exposes liability claims fears
Brokers’ most pressing concern is the fear of being exposed to liability claims for the delivery of inaccurate risk data following the implementation of the Consumer Insurance Act, according to a survey by UKGI.