News
Aon sees profits fall
Aon has reported a 5% fall in profits for the second quarter of 2012 to $246m [£156.3m] compared to $258m in the same period of 2011.
FSA publishes new rules on packaged accounts
Banks and building societies will have to check whether customers are eligible to claim on insurance cover before selling them a packaged bank account under new rules published by the Financial Services Authority (FSA).
Brit COR improves to 93.3%
The Brit Group has revealed a combined operating ratio of 93.3% in its half year results, an improvement from the 104.8% it posted in the same period of 2011.
Cooter on gardening leave from QBE and tipped for RSA return
Simon Cooter has stepped down from his role at QBE.
Be Wiser expands with fourth Hampshire office
Be Wiser Insurance has opened its fourth office in Hampshire to house its audit and compliance department.
Equity Insurance Partnerships in 3-year deal with Royal British Legion
Equity Insurance Partnerships (EIP) has extended its affinity partnership with Poppy Insure, the trading subsidiary of the Royal British Legion.
BLG launches solar insurance product
Building and Land Guarantee (BLG) has launched Solar Shield, a new warranty designed to cover companies installing solar panels on their roofs.
FSA reveals £404m payout for Independent claims
The Financial Services Authority (FSA) has revealed that since Independent Insurance went into liquidation in 2001, £500m of assets have been realised for the benefit of the creditors.
Capita's head of GI leaves after less than year in role
Capita's head of general insurance (GI) Brent Escott is leaving his post by mutual agreement after little more than six months in the role.
Open GI and Endsleigh pair up for charity quote offering
Software house Open GI has teamed up with Endsleigh Business Insurance Services to help cut the time needed for the insurer's charity insurance quotes.
Biba "very concerned" about proposed FSCS cap rise
The British Insurance Brokers' Association (Biba) has raised concerns about the proposal to increase the financial cap on brokers' sub-class in the Financial Services Compensation Scheme (FSCS) by 50% to £300m.
FSA consults on new funding model review for the FSCS
The Financial Services Authority (FSA) has proposed changes to the funding of the Financial Services Compensation Scheme (FSCS) which it claimed could reduce the likelihood of interim levies and offer firms more certainty in the level of fees they pay.
Hiscox launches global media, entertainment and events division
Hiscox has merged its operations in global media, entertainment and events with a new division to be headed up by Suzanne Kemble.
AA: Home insurance premiums remain flat in Q2 but set to rise
The average cost of an annual home insurance policy, both buildings and contents, fell slightly over the second quarter of 2012, according to figures released by the AA.
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.