News
Groupama claims industry first with product launch
Groupama Insurances has made its first e-traded product live for full cycle trading on Open GI, Acturis and Insure.com, with SSP integration set to follow in early 2013.
Towergate completes NPIB purchase
Towergate Insurance has completed the acquisition of the business and assets of Norwich and Peterborough Insurance Brokers (NPIB), the non-life insurance broking operation of the Norwich and Peterborough Building Society.
Quindell to expand claims offering with ALH purchase
Quindell Portfolio is to buy Abstract Legal Holdings (ALH), parent company of Accident Advice Helpline, on or after 2 April 2013.
Besso poised for buying spree
Besso Insurance Group has set its sights on pursuing acquisitions and expanding into new markets after having secured £5m additional investment capital from shareholders.
AA welcomes extra flood defence cash
The AA Insurance has welcomed the news that the government will invest a further £120m on flood defences.
Brokers face £20m hike in FSCS levy
The Financial Services Compensation Scheme (FSCS) has indicated that it will demand a further levy of £21m from the insurance intermediary sub-class in the first quarter of 2013.
Mitsui at Lloyd's adds to marine team
Mitsui Sumitomo at Lloyd’s has appointed Darren Carr as class underwriter.
Video: insurance is not viewed in same light as other professions
The insurance industry needs to “elevate” itself in terms of professionalism, brokers claimed at Insurance Age's recent Broker Expo.
Saffron goes to Bluefin for specialist home risks manager
Saffron Insurance has snapped up ex-Bluefin employee Samantha Todd as specialist home risks manager.
NIG: Regional changes will take effect from May 2013
The changes to NIG’s regional structure are set to take effect from May 2013, NIG managing director Jon Greenwood told Insurance Age.
90 jobs hang in balance at NIG
Around 90 roles are at risk at NIG’s regional offices as Direct Line Group moves forward with the third stage of its cost-cutting plans.
Aviva to cut 120 jobs from Sheffield Asprea office
Aviva will cut 120 jobs from the Sheffield office of its claims management service Asprea.
BGL simplifies rate change processes ahead of EU gender ban
The BGL Group has made amendments to its rate change process in response to the European Court of Justice’s gender ruling which comes into force on 21 December.
Biba partners with Jackson Lee to offer GAP scheme
The British Insurance Brokers’ Association (Biba) has appointed Jackson Lee Underwriting as executive provider of its new GAP insurance scheme.
Floods may cause 50% home insurance premium spike
Home insurance renewal premiums could rise by up to 50% in wake of the latest floods, PricewaterhouseCoopers (PwC) has warned.
Former Marsh man joins AFL to boost environmental offering
AFL Insurance Brokers has appointed former Marsh man David Edwin in a bid to establish a 'dedicated global environment capability'.
Collinson Group buys card protection provider CCS
The Collinson Group has acquired card protection provider CCS as it bids to extend its added-value financial services portfolio.
JLT warns of "economic chaos" after flood insurance impasse
JLT has warned that the current flood insurance deadlock could soon harm commercial insurance.
S&P expects motor investigation to have "small" impact
Standard and Poor's (S&P) expects that the Office of Fair Trading's (OFT) decision to refer the motor market to the Competition Commission will only have a "small" impact on insurers.
Chubb turns to the law for European casualty claims manager
Chubb Insurance has appointed Lisa Payne-Lawrey as European casualty claims manager based in London.
Fitch predicts flood insurance pool
Fitch has stated that the most likely solution to providing insurance coverage in high-flood risk areas of the UK is the introduction of a non-profit risk pool.
Biba urges government to re-think regulatory approach
The British Insurance Brokers’ Association (Biba) has called on the government to address regulation issues and to provide more support for the general insurance broking sector in the upcoming Autumn Statement.
Grosvenor Brokers snaps up Lloyd's broker Paul Napier
Grosvenor Brokers has completed the acquisition of Lloyd's broker Paul Napier through its parent company AssuredPartners.
Hodges bullish about more of the same
Towergate chief Mark Hodges has described no news as good news as the consolidator unveiled a 5% growth in Ebitda.