News
Kwik-Fit Financial Services closes Birmingham centre
Kwik-Fit Financial Services has confirmed the closure of its Birmingham centre as of Friday 31 August with the loss of nearly 170 jobs at the company.
1 Answer takes on first apprentices
1 Answer Insurance has confirmed the appointment of its first ever apprentices with three joining the firm for a minimum two-year term.
Action group calls for Aviva resignations
The Norwich Union Policyholders Action Group has called for the resignation of four Aviva directors in on-going pressure over performance and pay at the insurer.
Direct Line ends private equity talks ahead of float
RBS is poised to reveal details of the flotation of Direct Line in a matter of weeks having ended talks with potential private equity investors, according to reports.
Time to sign up to Prince’s Trust football tournament
The Prince’s Trust has called on insurance companies to help tackle youth unemployment by taking part in the youth charity’s fundraising football tournament.
Harvey retires from Lorega
Malcolm Harvey has retired from the roles of director and chairman at Lorega.
Nexus MGA launches new broker portal
Nexus Underwriting Management has launched an online broker portal in conjunction with global systems integrator Salmon.
Marsh targets mid-size and smaller firms with PI appointments
Marsh has targeted mid-size and smaller firms in the professional indemnity (PI) market with a trio of appointments and a promotion.
Unite slams Aviva for its "silent jobs cull"
Britain's biggest trade union has slammed Aviva for its "silent jobs cull" following the insurer's announcement that 800 jobs could be at risk.
MMA moves to strengthen regional focus
MMA Insurance has appointed Gary Clayton as senior motor trade underwriter with a remit for the south of the UK while Paul Atkinson has been promoted to the same role for the north of the country.
Chase Templeton swoops for Perfect Health
Chase Templeton has set its sights on breaking the £100m premium income barrier following its acquisition of private medical insurance (PMI) specialists Perfect Health.
Aviva may cut 800 jobs
Aviva may cut 800 jobs across its life and general insurance units by the end of the year.
1st Central chases growth with Allianz appointment
1st Central Insurance has appointed Andy James as group marketing director.
Co-op hails performance in face of summer flooding
The Co-op Insurance has weathered the effects of the June flood claims to post a £22m turnaround in its post-tax profits.
JLT warns against two-year solicitors’ PI deals
With the deadline for solicitors’ professional indemnity insurance (PI) only six weeks away JLT partner Mike Perry has warned that locking into a 24-month deal seems foolhardy.
Ecclesiastical claims no need for broker concern over results
Ecclesiastical has moved to reassure brokers following its disappointing results for the first six months of 2012.
Co-op insurance operating profits soar
The Co-operative Insurance's operating profit rose by 346% to £30.3m (H1 2011: £6.8m) while its net earned premium edged up 2.9% to £297.5m in the first half of 2012 (H1 2011: £289m).
Howden boosts energy proposition
Howden Insurance Brokers has appointed Greg Stenzhorn and Richard Bateman to its energy division.
UK underwriting loss for Equity owner
Equity Red Star owner, Insurance Australia Group (IAG), has revealed that it made an underwriting loss on UK business of AU$23m [£15.21m] for the year ended 30 June 2012.
IAG writes off nearly AU$300m on UK arm
IAG has written off AU$297m [£196m] of all remaining goodwill and intangible assets for its UK division.
Ecclesiastical doubles underwriting loss as COR worsens
Ecclesiastical has reported a group underwriting loss of £14.4m for the first six months of 2012.
HNW intermediaries facing bank and direct provider threat
High net worth (HNW) insurance intermediaries are coming under increasing market share pressure from banks and direct providers, according to research published today by Defaqto.
Insurance fraud in decline in Q2
Attempted fraud in the insurance industry fell by 16% between April and June 2012, according to new figures released by Experian.
Outgoing Rural founder pays tribute to colleagues and brokers
Outgoing Rural Insurance deputy chairman and founder Lance Harvey has paid tribute to the brokers he has worked with ahead of his retirement in September.