News
ABI at odds with Biba over FSCS funding model
The Association of British Insurers has broken ranks and labelled the Financial Services Authority's (FSA) Financial Services Compensation Scheme (FSCS) funding model "an unhelpful step backwards".
Biba gives "cautious welcome" to FSA proposals
The British Insurance Brokers' Association (Biba) has given a "cautious welcome" to the Financial Services Authority's (FSA) Financial Services Compensation Scheme (FSCS) funding model.
Legal & General names Diane Buckley as GI boss
Legal & General (L&G) has named Diane Buckley as managing director general insurance as part of a string of senior promotions.
FSA consults on FSCS funding model
The Financial Services Authority (FSA) has confirmed new funding rules for the Financial Services Compensation Scheme (FSCS).
Towergate in Abbey Legal Protection policy launch
Towergate Insurance has partnered with Abbey Legal Protection to launch a commercial legal protection policy aimed at the transport and logistics industry.
The Co-operative appoints new MD from within
The Co-operative Insurance has appointed Mark Summerfield as managing director.
Brokers fighting for fairer insurance payout, claims Biba
Further research from the British Insurance Brokers’ Association (Biba) has revealed that insurers are becoming stricter on paying claims in the economic downturn.
CDL makes two senior swoops
CDL has unveiled former Alec Finch employee Kevin Brook as senior client relationship manager.
New starters roll in for the New Year at Lorica
Lorica has unveiled 10 new recruits across the business for the beginning of 2013.
Sterling recruits in-house lawyer
Sterling Insurance Group has unveiled Catherine May as in-house lawyer within its property & liability claims team.
Teen ghost broker handed 12-month sentence
A teenager who tried to sell worthless vehicle insurance policies has been given a 12-month conditional discharge at City of London Magistrates.
Gallagher eyeing up Barbon purchase
AJ Gallagher is closing in on buying Barbon Insurance Group, according to Post Magazine.
Law firm issues mis-selling warning after FSA guidance
A leading law firm has warned firms to be "extremely careful" in designing sales incentives following the guidance issued by the Financial Services Authority (FSA).
Professionalism: Promoting chartered status online can help win business
Digital technology can hold huge benefits for brokers, especially when they have chartered status to promote, a marketing expert has said.
FSA in talks with banks over PPI claims deadline
The Financial Services Authority (FSA) is reported to be in talks with the banking industry to set a deadline for customers being able to claim for mis-sold payment protection insurance (PPI).
FSA publishes mis-selling and incentive scheme guidance
The Financial Services Authority (FSA) has published final guidance in a move to help firms avoid creating and running incentive schemes that "drive mis-selling".
Keelan Westall adds to e-trading platform
Keelan Westall has added several enhancements to its online residential e-trading platform Dynamic, giving it full-cycle functionality.
Young women drivers impacted by EU gender directive
Women drivers aged between 17 and 20 saw motor premiums increase by an average of 16.4% between September and December 2012.
RSA launches crime policy to tackle "ongoing threat"
RSA has launched a new commercial crime protection policy designed to provide companies with "peace of mind" against ongoing threats.
Simply Business reveals rebrand
Simply Business has rebranded in a bid to reflect the online broker's "continued confidence" in challenging the traditional insurance industry.
Ex-Deacon chief to head up new JLT real estate team
JLT Specialty has appointed Penny Jepson as manager of its new residential real estate offering.
Banned broker faces bankruptcy over £200,000 FSA fine
A South Wales-based insurance broker has been banned from working in the financial services industry and fined £212,237 by the Financial Services Authority (FSA).
Lembit Opik tells brokers to be "less risk averse"
Politician Lembit Opik has urged Lloyd's brokers to be "less risk averse" and instead encourage mavericks to work in insurance.
ECIC wins chartered insurer status
Electrical Contractors’ Insurance Company (ECIC) has been awarded chartered status by the Chartered Insurance Institute (CII).