News
AJG's 2012 broking profits jump by 11%
Arthur J Gallagher (AJG) saw its broking net profits jump 11% to $155.8m (£98.6m) for the 2012 full year, up from the $140.2m posted for 2011.
RFIB names new FD to replace outgoing Cotton
RFIB Holdings has snapped up Nick Moss as finance director (FD) to replace Nigel Cotton.
Ex-Ink chief launches new MGA for regional brokers
Mike Smith, former MD of Ink Insurance, has launched Incorporated Insurance Group (IIGL), a new managing general agent.
Accountants predict rise in broker M&A
Legal changes affecting the UK motor insurance market will lead to an increase in mergers and acquisition (M&A) activity among brokers, law firms and claims management companies, according to Deloitte.
Acturis delivers 25% revenue growth in 2012
Acturis has announced revenues of £24.5m for the financial year ended 30 September 2012.
Arc signs up with MGAA
Arc Legal Assistance has become a member of the Managing General Agents' Association (MGAA).
Giles goes to Jelf for new healthcare specialist
Giles Insurance Brokers has appointed Lisa Blackwell as a senior healthcare consultant.
Social media 'wrong platform' for promoting chartered status
There needs to be more “shouting” about chartered status to make it worthwhile for brokers, according to Jon Newall, principal at Lockyer Insurance.
Ace sees profits rise as COR improves
Ace Group has reported pre-tax profits of $2.71bn [£1.72bn] for 2012 up 76% from $1.54bn in 2011.
Motor continues to fall as home rates flat, says AA
The latest benchmark British Insurance Premium Index from the AA has shown that the downward trend in average quoted premiums for annual comprehensive car insurance policies continued over the fourth quarter of 2012.
April targets broker driven growth
April UK has targeted £4m of new private medical insurance (PMI) sales through brokers in 2013 after expanding its broker offering.
PPI complaints quadruple to six figures
The Financial Ombudsman Service (FOS) has confirmed it received 145,546 complaints about payment protection insurance (PPI) in the three months to December 2012.
Aviva creates app for Fast Trade online platform
Aviva has added an iPad app to its online trade platform Fast Trade in a move designed to provide brokers with the ability to ‘quote and buy' online in less than five minutes.
Reich appoints operations chief from Bollington
Rachel Margerson has joined Reich Insurance as head of group operations after nine years with Bollington Insurance Brokers.
More than 100 insurance failures during 2012
More than 100 insurance businesses went bust during 2012, a study has revealed.
Fraudster jailed using Towergate CCTV footage
A conman who deliberately caused a crash with a heavy goods vehicle (HGV) to make fraudulent insurance claims has been jailed for a year.
Russell Scanlan targets growth with new director
Russell Scanlan has appointed Simon Winiarski as a director on its board.
NIG launches new e-trading platform
NIG has launched TheHub, a full-cycle e-trading platform for commercial brokers.
Legal & General in home group deal
Legal & General has signed a home insurance deal with Bought By Many, a new company which provides consumers with discount insurance when they purchase in groups.
Towergate continues regional expansion with double broker purchase
Towergate Insurance has made two acquisitions in Leeds.
McLarens in regional push
Loss adjusting firm McLarens has expanded its team in the South West of England, with plans to grow further in the region.
Aspen in global goods move
Aspen Risk Management has launched a worldwide goods-in-transit policy.
Broker Eastwood and Partners opens Halifax office
Yorkshire-based broker Eastwood and Partners has opened a new office in Halifax to "complement" its Huddersfield, Sheffield and Elland bases.
Covéa boosts fraud-fighting team
Covéa Insurance has appointed Steve Jackson as head of financial crime.