News
Mitsui confirms PI class underwriter promotion
Mitsui Sumitomo at Lloyd's has promoted Stuart Wood to class underwriter for professional indemnity (PI) as it continues its bid to expand the professional lines operation.
Aon UK unveils Carnegie-Brown as new non-exec chairman
Aon UK has unveiled Bruce Carnegie-Brown as non-executive chairman following the departure of Paul Manduca.
CDL strikes land deal as part of expansion bid
Insurance software house CDL has struck a deal to buy four and a half acres of land in Stockport as it continues its expansion bid.
Chris Hanks to retire from Allianz
Insurance Age understands that Chris Hanks, general manager of Allianz Commercial, is to retire in 2013.
Former Zurich PL chief Bedlow to join Tesco
Ex-Zurich personal lines managing director Karl Bedlow is to join Tesco, Insurance Age can reveal.
Esure reports improved profit, GWP and COR
Esure Group Holdings has reported a 46% improvement in profit for the first six months of 2012, at £60.2m compared with £41.3m for the same period of 2011.
JLT in Miller raid to bolster risk practice
JLT Risk Practice has raided Miller Insurance for three additions to its broking team, Insurance Age can reveal.
Direct Line insists brokers will see "no change" from NIG
Brokers will see "absolutely no change" in their dealings with NIG, Direct Line Group has insisted in the wake of its cost-cutting measures unveiled today.
Ex-Barbon MD joins Giles
Giles Insurance Brokers has appointed Nick Sharp as executive director for the group.
Up to 900 jobs at risk as Direct Line announces cost-cutting bid
Direct Line Group has announced the proposed redundancy of almost 900 staff as part of the ‘first phase' to try to slash administration costs and boost efficiency.
Elite responds to ARP clarification with PI launch
Legal expenses provider Elite Insurance has set its sights on £3m premium income with the launch of professional indemnity (PI) for solicitors.
Regulator outlines review into sales incentives
The Financial Services Authority (FSA) has outlined the research behind its decision to open a consultation on sales incentive schemes in the financial services industry.
FSJ swoops for another ex-Cobra man
FSJ Broking, the London market division of Ink, has snapped up former Cobra man Ray Heap as development director.
Keelan Westall announces flurry of underwriting team moves
Keelan Westall has made a flurry of appointments within its in-house underwriting agency.
FCA chief highlights PPI mis-selling in commission crackdown plans
Martin Wheatley, chief executive officer designate of the Financial Conduct Authority (FCA), has confirmed that he wants to see an end to mis-selling created by sales incentives.
Zurich personal lines chief steps down
Zurich has confirmed that Karl Bedlow has resigned as managing director of personal lines.
Nick Houghton appointed MD at Leeds-based Broker Network member
JM Glendinning has confirmed the appointment of Nick Houghton as managing director.
Gallagher Heath UK distribution chairman on gardening leave
Gallagher Heath's chairman of UK distribution, Paul Smith, has left the firm and been placed on gardening leave for the rest of the year.
Ai Claims owners report growth and profit
Quindell Portfolio has reported increases in revenue and declared a profit for the first six months of 2012.
Abbey Protection reports increased profit and GWP
Abbey Protection has reported a 3% improvement in its profit before tax, up to £5.2m for the first six months of 2012.
FCA boss to clamp down on commission-led sales
Commission payments on all financial products are to be severely curtailed by the new financial regulator.
Coface's Denecker to retire as UK managing director
Trade credit insurer Coface has confirmed that Xavier Denecker is to retire as managing director in the UK and Ireland with Frédéric Bourgeois appointed to the role.
New Ocaso UK boss spells out broker ambition
The new UK boss of Spanish insurer Ocaso has spelt out his ambition to boost broker business.
Giles expands in Scotland with Falkirk appointments
Giles Insurance Brokers has appointed Ian Smith as branch director of its Falkirk office.