News
Chesterfield appoints ex-Aon and JLT chief
The Chesterfield Group has appointed David Menzies to grow its accident and health account, in the US and internationally, as part of its ongoing growth strategy.
Mitsui boosts underwriting team with double hire
Mitsui Sumitomo has moved to strengthen its casualty and accident & health underwriting team with two new recruits.
Home-swapping holiday policy launched
Specialist broker Insurance Tailors has teamed with Hiscox to provide cover for home-swapping holidaymakers.
Kinetic adds new team
Lloyd’s broker Kinetic Insurance has added a new team to its offering in a move to expand its range of products.
Allanfield Group poised to enter administration
Allanfield Group has appointed administrators after finding a “deficiency in its cash resource” that it is yet “to understand”.
JLT aims to plug EDI "gap" with new product
JLT has introduced an executive defence insurance (EDI) product in a bid to plug the "gap in the market" to insure against executive and corporate liabilities.
FSA confirms extra packaged accounts proposals
The Financial Services Authority (FSA) has confirmed it will be implementing two further proposals to its packaged bank account rules.
XL adds to political risk and trade credit team
XL has appointed David Lineham to its political risk and trade credit team as a senior underwriter.
Saffron goes to Aviva for sales chief
Saffron Insurance has appointed Aviva’s Phil Marler as director of sales.
Gender Directive to hit motor market profitability
The ECJ Gender Directive, which comes into force on 21 December, could reduce the overall profitability of the UK motor insurance market by 2% next year, experts have warned.
S&P confirms Groupama Insurances’ BBB rating
Standard & Poor’s (S&P) has confirmed Groupama Insurances’ financial strength rating as ‘BBB’ with a “stable outlook”.
30 jobs at risk with Gallagher Heath Norwich branch closure
Up to 30 jobs could be at risk after Gallagher Heath's decision to close its Norwich branch in the New Year.
Premium Credit targets online broker integration with COO swoop
Premium Credit has appointed Gopi Chelliah as COO in a bid to improve its online integration with brokers and end customers.
UK General joins Managing General Agents' Association
UK General Insurance has become a member of the Managing General Agents' Association (MGAA).
Smartphone fraudster handed suspended sentence
A Lancashire man who took out ten fraudulent home insurance policies with an insurer in order to make repeated bogus claims for lost smartphones has been given a suspended jail term.
S&P revises RSA Group outlook to negative
Standard & Poor's (S&P) has revised its outlook on the core operating entities of RSA Group to negative from stable while affirming the insurer's A+ credit rating.
Tasker dances off with Biba scheme
The British Insurance Brokers’ Association (Biba) has signed up with Tasker & Partners’ nightclub product Club:PM for a further three years.
IAG exits UK market with Equity and broker sales
Insurance Australia Group (IAG) has confirmed the sale of Equity Red Star and its independent commercial brokers including Barnett & Barnett and NBJ in two separate deals.
Queen labels FSA "toothless"
The Queen has blamed the Financial Services Authority (FSA) for lacking "teeth" ahead of the 2008 financial crisis.
Deloitte predicts 2012 household insurance profit
Deloitte has forecast that insurers will make a 2012 household insurance profit, the fifth year of profitability in a row.
Digital: Don't fall foul of FSA regulations
Brokers should ensure that their social media strategy is "clear, fair and not misleading" while pursuing a digital communication strategy.
Bridge in the Loop
Bridge Insurance Brokers has launched Loop Insurance as it targets expansion into new markets.
Brit founder joins Gallaghers
Neil Eckert, founder and former chief executive officer of Brit Insurance, has joined Arthur J. Gallagher International.
Lorica recruits London chief
Lorica Insurance Brokers has appointed Wayne Rowland to head up its London office, which opened earlier this year.