News
NIG rolls out SME property product after successful trial run
NIG has launched its SME-focused Essential Property Owners (EPO) product to the wider broker market.
Rural Insurance looks to the South West with sales swoop
Rural Insurance has appointed a regional sales manager for the South West as it continues its growth strategy.
Insurance failures up on last year
The number of businesses in insurance going bust last month rose by 50% compared to the same period last year, statistics released by Experian have revealed.
The Insurance Partnership expands in the North East
The Insurance Partnership (TIP) has made appointments to its agricultural and private client teams.
Home insurers’ underwriting profits increase
Deloitte has revealed that across the market home insurers posted a net combined operating ratio of 89% in 2011.
The Eurozone and government cuts top SME worries
UK SMEs have identified continuing Eurozone woes and government spending cuts as the main factors impacting upon their business optimism, according to an Axa Commercial Lines study.
Barbon plunges into loss
Barbon Insurance Group has reported a loss of £471,000 for the year ended December 2011.
Biba Scotland 2012 to focus on the future
The British Insurance Brokers’ Association (Biba) Scottish Region has announced that its 2012 conference will be themed ‘Insuring the Future’.
UK brokers endure 3.9% annual revenue drop
UK brokers have seen their revenues fall every year since 2007, a report published today by market research agency Finaccord has found.
Academy has more in the pipeline after CIC swoop
Academy Insurance Services (AIS) has swooped to buy Surrey-based Crown Insurance Consultants (CIC) and admitted there are still more deals in the pipeline.
Private equity targeting Direct Line
Direct Line Group is being targeted by private equity specialists ahead of any flotation, according to recent reports.
R&Q MGA opens in Manchester
Randall & Quilter has opened its first regional office in the UK for its specialist MGA platform, R&Q MGA.
Video: What The Papers Say latest edition
In the latest edition of What The Papers Say, Mark Bishop, group communications manager at Allianz Insurance, reveals the public relations opportunities and threats for the industry posed by the claims arising from the recent floods.
Motor premiums continue to soften
The average cost of comprehensive car insurance has fallen by nearly £50 so far in 2012 according to the latest edition of the Confused.com and Towers Watson Car Insurance Price Index.
Towers Watson reveals new global brokerage leader
Towers Watson has appointed Ross Howard as global leader for its insurance and reinsurance brokerage business.
Brokers urged to check property covers amid cannabis "menace"
Questgates has warned brokers to check their property owners' covers amid a rise in UK cannabis factories.
AFL launches cyber risk awareness service
AFL Risk Consulting has launched a cyber risk assessment service to boost brokers' and their clients' awareness of potential online and IT exposures.
UK Broker Awards 2012 shortlist announced
Judges said they were overwhelmed by the volume and quality of the entries, but they have whittled them down and the shortlist for the UK Broker Awards 2012 has been revealed.
SSP reports rise in Ebitda
SSP Group has revealed a 13.8% increase in Ebitda to £17.9m for the year ended 31 March 2012, up from £15.8m in 2011.
NIG targets North East expansion
NIG has moved to strengthen its proposition in the North East with two appointments to its team.
Severe weather leads to spike in motor claims
A fortnight of severe weather has led to motor claims totalling at least £35m, according to AA Insurance.
Flood levy could add 10% to home insurance premiums
The environment secretary, Caroline Spelman, has proposed adding a levy to all home insurance policies in order to raise enough money to cover damage in the aftermath of severe flooding.
Biba predicts telematics sales to hit 500,000 in two years
Research from the British Insurance Brokers’ Association (Biba) has revealed that ‘black box’ motor insurance sales have increased five-fold in the last two years.
Mixed reaction from broker market to Axa restructure
Brokers have mixed views to the news that Axa will bring its commercial and personal lines broker businesses back together.