News
Ex-RSA chief leading Direct Line bid
Andy Haste, former chief executive of RSA, is leading a private equity consortium making a bid for Direct Line Group.
Poor personalised service biggest scheme gripe for brokers
A lack of underwriting flexibility, a slow response to queries and poor access to decision makers were the major frustrations cited by brokers when dealing with insurers over schemes, a survey released today reported.
Late payment improves in insurance
Late payment of bills by firms in the insurance sector improved in the second quarter of 2012, although the situation is still worse than a year ago.
Insurers face "perfect storm" over profits
Insurers are facing a perfect storm as a combination of factors will contrive to hit profits for the second successive year, a report released today has warned.
Towergate wins UKHCA account from Bluefin
Towergate Patrick has been appointed as the preferred insurance provider for the United Kingdom Homecare Association (UKHCA) replacing incumbent Bluefin.
Student event aims to attract talent to industry
Insurance offers a world of opportunities, attendees heard at the 2012 Student Event, sponsored by the Worshipful Company of Insurers (WCI) and Brokerage Citylink.
Beazley swings back into profit
Beazley has reported a profit before income tax of $112.9m [£71.89m] for the six months ended 30 June 2012, reversing a loss of $24.2m in the same period of 2011.
NIG appoints new underwriting manager for Birmingham
NIG has appointed Paul Lovatt as area underwriting manager for its Birmingham office.
Lockton targets regional brokers from Lloyd's base
Lockton has targeted northern brokers by setting up a Lloyd's and London market service from its Manchester office.
Up to 100 jobs at risk after Simplyhealth confirms Bristol switch
Up to 100 jobs could be at risk after Simplyhealth announced it would move all its private medical insurance operations to its Bristol base.
CII members give Amanda Blanc seal of approval
Amanda Blanc has been elected president of the Chartered Insurance Institute (CII) by its members.
Towergate completes double acquisition
Towergate Insurance has completed a double acquisition swoop of brokers in Hampshire and Berkshire.
Hiscox promotes from within for underwriting chief role
Hiscox has made three senior appointments across underwriting, claims and risk roles.
Insurers blasted for "continuing delays" over flooding deal
Insurers and the government have been slammed for their failure to reach an agreement over affordable cover for households at risk from flooding.
Lockton swoops for Zurich technology PI chief
Lockton has appointed Phil Mayes as senior vice president in the global technology and privacy practice, based in London.
R&Q MGA targets high net worth expansion
Synergy Insurance Services has expanded its product range having secured new capacity providers.
Power Hour: Inherent defects insurance roundtable
In a special roundtable Insurance Age invited experts in inherent defects insurance to discuss the current state of this market.
RWA snaps up ex-Biba leader Peter Staddon
RWA Compliance Services has unveiled Peter Staddon as head of broker professional development.
IFED cracks down on fraudsters in arrests sweep
The Insurance Fraud Enforcement Department (IFED) has made three arrests in Derby and Burton.
Commercial Express rolls out complex risk product for brokers
Commercial Express has rolled out its commercial combined facility to all brokers as it seeks to boost its policy offering for more complex risks.
Axa scoops top spot in Brokerbility survey once again
Axa has topped Brokerbility's bi-annual insurer performance survey for the second successive time.
Homeserve rejects buyout offer
Homeserve has reportedly rejected a private equity approach from groups Cinven, KKR and Apax.
RSA reveals UK weather costs will hit £50m
RSA has calculated that it is facing a £40m impact on its book of business from the UK rain during June.
LV Broker appoints development manager for South
LV Broker has appointed Jim Ramsay as business development manager for the southern region.