News
Motor premiums back to upward trend, AA reveals
Car insurance premiums rose in the quarter ended June 2012, according to the latest AA British Insurance Premium Index.
Cobra shareholders accept £7.3m offer
Cobra Holdings has received approval from shareholders totalling 98.05% of the company for the offer from Alto Intermediary Group.
Prime Professions reveals PI tie-up with Axis Speciality
Prime Professions has teamed up with Axis Speciality to offer private indemnity (PI) insurance to sole practitioners and small firms.
Macmillan Sheikh delivers unoccupied property insurance scheme
Macmillan Sheikh has launched a scheme for unoccupied commercial and residential properties designed to offer cover to premises which are for sale, to let, undergoing renovation or in probate.
Henderson expands in North East with IFA purchase
Henderson Insurance Brokers has acquired Hartlepool-based independent financial advisor (IFA) Arlington for an undisclosed sum.
Former broker fined £500,000 over "serious failings"
The Financial Services Authority (FSA) has banned and hit a former insurance broker with a £471,846 fine for the misappropriation of premiums.
CMC launches new insurance business
iSmart, the Northampton-based claims management company, has launched a new insurance business.
RSA in partnership with John Lewis
RSA has been appointed to provide pet, wedding and event and home insurance for John Lewis Insurance.
Pioneer to launch professional indemnity team
Pioneer Underwriting has confirmed the upcoming launch of Pioneer PI on 1 August to write international and US professional indemnity (PI) business.
Allianz teams up with Saracens
Allianz has taken on the sponsorship of Saracens rugby club whose home ground in Hendon will be named Allianz Park.
Aon appoints branch director for Birmingham
Aon Risk Solutions has appointed Stuart Hutchings as branch director for its Birmingham office as part of a longer-term investment in the region.
Groupama boosts e-trading offering after broker feedback
Groupama Insurances has made a number of enhancements to Optima Property, its product for commercial and residential properties.
SSP snaps up new head of delivery for insurer division
SSP has moved to appoint Paul Webb as head of delivery for its insurer division.
CII on hunt for fresh industry talent
The Chartered Insurance Institute (CII) is on the lookout for the next batch of contestants for its New Generation Groups programme.
Aviva restructures Broker Independence Group offering
Aviva has confirmed that it will be using centres in Perth and Leicester to support the majority of members of its Broker Independence Group for their commercial lines requirements.
Collegiate swaps Hiscox for Canopius
Collegiate Underwriting has replaced Hiscox with Canopius for its professional indemnity range.
Bollington expands into medical devices sector
Bollington has confirmed that it is targeting business in the life sciences sector specifically aimed at the medical devices area with a twelve-strong team.
Ex-RSA chief leading Direct Line bid
Andy Haste, former chief executive of RSA, is leading a private equity consortium making a bid for Direct Line Group.
Poor personalised service biggest scheme gripe for brokers
A lack of underwriting flexibility, a slow response to queries and poor access to decision makers were the major frustrations cited by brokers when dealing with insurers over schemes, a survey released today reported.
Late payment improves in insurance
Late payment of bills by firms in the insurance sector improved in the second quarter of 2012, although the situation is still worse than a year ago.
Insurers face "perfect storm" over profits
Insurers are facing a perfect storm as a combination of factors will contrive to hit profits for the second successive year, a report released today has warned.
Towergate wins UKHCA account from Bluefin
Towergate Patrick has been appointed as the preferred insurance provider for the United Kingdom Homecare Association (UKHCA) replacing incumbent Bluefin.
Student event aims to attract talent to industry
Insurance offers a world of opportunities, attendees heard at the 2012 Student Event, sponsored by the Worshipful Company of Insurers (WCI) and Brokerage Citylink.
Beazley swings back into profit
Beazley has reported a profit before income tax of $112.9m [£71.89m] for the six months ended 30 June 2012, reversing a loss of $24.2m in the same period of 2011.