News
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.
Stuart Reid defends chartered status and urges larger brokers to join CII
Stuart Reid, vice president of the Chartered Insurance Institute (CII) and chair of its broking faculty, has called for a more united approach to chartered status.
Towergate maintains Ebitda growth
Towergate has again produced a 5% increase in Ebitda with operating earnings of £119.5m in the nine months to 30 September 2012.
Barbon builds underwriting team
Barbon Insurance Group has appointed Paul Tye as underwriting director in a new role for the company.
TEn reaches 75 members with two new additions
TEn Insurance has signed up two new members to its broker network to bring its total to 75.
Towergate buys Dawson Whyte
Towergate Insurance has today announced the acquisition of Belfast-based Dawson Whyte.
Insurance insolvencies tumble
The latest BusinessIQ Insolvency Index has revealed a dramatic drop in insurance related insolvencies, with eight businesses failing in October 2012, a 68% fall on the same month in 2011.
ABI claims government flood talks have hit deadlock
The Association of British Insurers (ABI) has claimed that government talks over securing long-term flood insurance for high-risk households have reached deadlock.
Insurers facing worst flood damage bills since 2007
British insurers are expected to face the worst flood damage bills since 2007, PricewaterhouseCoopers (Pwc) has warned.
Axa goes to Ace for management liability underwriter
Axa Commercial Lines and Personal Intermediary has appointed Adam Wickens as senior management liability underwriter.
Professionalism: McManus backed on chartered label
Brendan McManus’ comment that just “slapping on” the chartered label was not enough has been backed in Insurance Age’s professionalism debate.
Biba sets first deadline for CEO hiring process
The British Insurance Brokers’ Association (Biba) hopes to begin interviews for the role of chief executive officer in February 2013.
Compliance pay costs soaring
Research by recruitment firm Robert Half has pinpointed the soaring costs of compliance experts on the City of London.
La Playa strikes Aston Martin insurance deal
Insurance broker La Playa has entered into a partnership with Aston Martin Works - the only direct showroom for the famous car brand.
MASS calls for better resources to tackle crash for cash fraud
Crash for cash figures released by the Insurance Fraud Bureau (IFB) have been branded “astonishing” by the Motor Accident Solicitors Society (MASS).