News
Spencer committed to getting commercial COR below 100%
Robin Spencer, chief executive for UK & Ireland general insurance at Aviva, has described himself as "delighted" by the insurer's half-year results.
Lorica opens Leeds office
Lorica Insurance Brokers has opened a new office in Leeds, the sixth in its branch network.
Integro buys Colchester broker
Integro Insurance Brokers has bought Colchester-based Allan Chapman & James Insurance Brokers for an undisclosed sum.
FSA cancels ex-Coversure franchisee's permissions
The Financial Services Authority (FSA) has cancelled the ability of former Croydon Coversure franchisee Eric Lung to undertake regulated insurance broking activities.
Markel soars to profit
Markel International has reported a combined operating ratio (COR) of 84% for the six months ended 30 June 2012 compared to 130% for the same period of 2011.
Aviva commercial COR stays at 101%
Aviva has revealed a combined operating ratio (COR) in UK commercial lines of 101% for the start of 2012, an identical figure to the result for the first six months of last year.
Aviva posts £681m half-year loss
Aviva plc has reported a net loss after tax of £681m for the first half of 2012 after a profit of £465m last year.
Merlin in administration
Merlin Claims has entered administration with BDO confirmed as administrators over the Merlin group of companies.
Biba expresses disappointment at 'end for the middleman' article
The British Insurance Brokers' Association (Biba) has expressed disappointment at a Daily Mail article warning that buying insurance through brokers can push premiums up by £500 a year.
XL swaps loss for profit
XL Group has announced a profit of $397.8m [£255.2m] for the first six months of 2012, reversing a loss of $1.6m in the same period last year.
Towergate snaps up ex-Bupa man as group risk officer
Towergate Insurance has unveiled Keith Jackson as group risk officer in a bid to develop its governance and risk strategies.
Marsh posts 3% half-year revenue growth
Marsh saw its revenue nudge up by 3% to $6bn [£3.8bn] for the six months ended June 30, up from the $5.8bn posted for the same period of 2011.
Aviva reveals "handful" of mid-management job losses
Aviva has today confirmed that a "handful" of middle-management jobs will be lost across the country as part of its ongoing restructuring drive.
Insurance cheat jailed for 'crash for cash' scam
An insurance cheat behind a multi-million pound 'crash for cash' swindle has been sentenced to seven years and three months in prison.
Gallagher buys holiday home specialist
Arthur J Gallagher has purchased Croydon-based broker Blenheim Park.
Blanc promises big changes within six months
Axa’s Amanda Blanc has promised brokers that they will see substantial changes to its relationship management approach within six months as the insurer brings personal lines intermediary and commercial lines into one structure.
Axa sets out new broker structure
Axa UK has announced the new structure and team, under the leadership of Amanda Blanc, that will service brokers.
Video: What The Papers Say latest edition
In the August edition of What The Papers Say, Emma Banks, head of communications at LV, analyses the differing findings in surveys on premium changes in the motor market.
L&G remains upbeat despite profit drop
Legal & General has remained optimistic in the face of falling 2012 half-year profits for its insurance arm.
Lockton opens new Brighton office
Lockton has opened a new office in Brighton with the remit of servicing clients throughout the South East of England.
Motaquote warns of job losses and MD departs
CCV-owned Motaquote has confirmed that it is conducting a strategic review which could lead to the closure of its Williamstown Centre operation and a number of job losses.
L&G's half-year insurance profits halved after bad weather
Legal & General (L&G) saw its general insurance arm operating profit plummet by more than half to £8m for the first half of this year compared to 2011.
Biba chairman assumes business mentoring role
The chairman of the British Insurance Brokers' Association (Biba) Andy Homer has assumed a business mentoring role.
Lark director welcomes new beginning
The director of Lark Group has welcomed a new beginning at the broker following its management buyout (MBO) from previous owner Groupama.