News
Up to 900 jobs at risk as Direct Line announces cost-cutting bid
Direct Line Group has announced the proposed redundancy of almost 900 staff as part of the ‘first phase' to try to slash administration costs and boost efficiency.
Elite responds to ARP clarification with PI launch
Legal expenses provider Elite Insurance has set its sights on £3m premium income with the launch of professional indemnity (PI) for solicitors.
Regulator outlines review into sales incentives
The Financial Services Authority (FSA) has outlined the research behind its decision to open a consultation on sales incentive schemes in the financial services industry.
FSJ swoops for another ex-Cobra man
FSJ Broking, the London market division of Ink, has snapped up former Cobra man Ray Heap as development director.
Keelan Westall announces flurry of underwriting team moves
Keelan Westall has made a flurry of appointments within its in-house underwriting agency.
FCA chief highlights PPI mis-selling in commission crackdown plans
Martin Wheatley, chief executive officer designate of the Financial Conduct Authority (FCA), has confirmed that he wants to see an end to mis-selling created by sales incentives.
Zurich personal lines chief steps down
Zurich has confirmed that Karl Bedlow has resigned as managing director of personal lines.
Nick Houghton appointed MD at Leeds-based Broker Network member
JM Glendinning has confirmed the appointment of Nick Houghton as managing director.
Gallagher Heath UK distribution chairman on gardening leave
Gallagher Heath's chairman of UK distribution, Paul Smith, has left the firm and been placed on gardening leave for the rest of the year.
Ai Claims owners report growth and profit
Quindell Portfolio has reported increases in revenue and declared a profit for the first six months of 2012.
Abbey Protection reports increased profit and GWP
Abbey Protection has reported a 3% improvement in its profit before tax, up to £5.2m for the first six months of 2012.
FCA boss to clamp down on commission-led sales
Commission payments on all financial products are to be severely curtailed by the new financial regulator.
Coface's Denecker to retire as UK managing director
Trade credit insurer Coface has confirmed that Xavier Denecker is to retire as managing director in the UK and Ireland with Frédéric Bourgeois appointed to the role.
New Ocaso UK boss spells out broker ambition
The new UK boss of Spanish insurer Ocaso has spelt out his ambition to boost broker business.
Giles expands in Scotland with Falkirk appointments
Giles Insurance Brokers has appointed Ian Smith as branch director of its Falkirk office.
TEn makes headquarter move to boost capacity
TEn Insurance has moved headquarters from Aylesbury to Princes Risborough in a bid to boost capacity.
LV Broker revamps SME product range
LV Broker has relaunched its commercial SME product range, with two property owner products now available for the residential and commercial sectors.
Insurance Linx seals fifth capture in four years
Insurance Linx has snapped up its fifth business since its inception four years ago with the acquisition of Ealing-based Argent Insurance Services.
Towergate confirms Houghton's departure and return to broking
Towergate Insurance has confirmed the departure of Nick Houghton, former managing director of Broker Network and Countrywide, as revealed by Insurance Age on Friday.
Liberty moves to strengthen northern broker relationships
Liberty Mutual Insurance (LMI) has appointed Richard Chapman as broker account manager for its Manchester office.
County Insurance relocates head office in growth bid
County Insurance has moved head office as it sets its sights on boosting staff numbers.
QuestGates boost Scottish presence with new office
QuestGates has opened a new regional office in Scotland.
Nick Houghton to leave Broker Network
Insurance Age understands that Nick Houghton has resigned from the role of managing director at Broker Network.
Third departure from Cobra Network as Heap bows out
Cobra Network has confirmed the departure of Ray Heap, previously strategic account manager.