News
Claims companies shoulder blame for high motor insurance
More than 50% of UK drivers blame the cost of motor insurance on claims companies and injury lawyers, according to a survey published today.
Higos targets more branches by end of 2012
Higos Insurance Services has its sights set on a "few locations" for the end of the year as it continues its South West expansion drive.
South West rural insurer wins chartered status
Cornish Mutual has been awarded chartered insurer status by the Chartered Insurance Institute (CII).
Blanc sees more in than out at Oval as he outlines growth plans
Peter Blanc, CEO of Oval, has listed the factors which he believes will see the broker grow and clarified that any redundancies will be among non-client facing staff.
Brightside turns to Holman as Banks quits
Brightside has confirmed that chief executive officer Arron Banks has resigned from the broker and will be replaced by Martyn Holman.
Aviva in redundancy talks with regional staff
Aviva is beginning talks with staff over the possibility of job losses, as it moves forward with its regional restructure.
BGL appoints new leader for anti-fraud division
BGL Group has appointed Martin Croucher as senior counter-fraud manager.
FSA insists regulatory overhaul remains on track
The Financial Services Authority (FSA) has insisted its regulatory overhaul remains on track for early 2013.
Hemel-based broker snaps up book from local rival
Hemel Hempstead-based broker Advanced Insurance Consultants (AIC) has acquired the book of business from ALH Insurance, for an undisclosed sum.
CMC lands PPI contract with 'leading' financial institution
Claims management company (CMC) RiIG has won a contract to handle payment protection insurance claims for a financial institution.
Three in four people contacted by "nuisance" CMCs
More than 75% of people have been targeted by claims management companies, a survey by the Association of British Insurers (ABI) has found.
Lloyd's of London chief calls for Eurozone fiscal union
The chief executive of Lloyd's of London has urged European leaders to move towards creating a fiscal union across the Eurozone or risk further damaging UK economic confidence.
Blanc targets 50% growth in Ebitda at Oval
Peter Blanc, chief executive officer of Oval Insurance, has revealed to Insurance Age, for a series of three articles, that he is targeting a £30m Ebitda performance within five years.
CCV appoints new regional MD
Rob Simpson has been promoted to the role of regional managing director responsible for the Central region consisting of Essex, Hertfordshire, Leicestershire, Warwickshire and the Midlands.
Equity rolls out mini fleet product
Equity Red Star has launched SME Protect, a mini fleet product targeting family run businesses and small enterprises operating fleets with two to ten cars or commercial vehicles.
Queen honours philanthropy of Carole Nash founder
Carole Nash, founder of the eponymous motorbike insurance specialist, has been awarded an OBE for her philanthropy in the Queen’s birthday honours list.
Higos continues South West expansion drive
Higos Insurance Services has opened a new Exeter office as it continues its expansion in the South West.
New overseas treatment PMI product unveiled
Passport2Health has launched a private medical insurance (PMI) product to enable policyholders to undergo treatment abroad.
New HNW provider targets broker market
Aurum Underwriting which writes high net worth (HNW) and specialist vehicle cover through intermediaries has begun trading with brokers ahead of a full UK roll-out later this year.
Esure broker partners with CDL to launch iPhone app
Esure Broker and Sheilas’ Wheels Broker have launched apps allowing existing customers to access their policies on smartphones.
Brit sells to RiverStone
Brit Group has agreed to sell Brit Insurance Limited (BIL), its Financial Services Authority regulated insurance company, to run-off specialists RiverStone Group.
Cobra takeover deadline extended again
The board of Cobra Holdings confirmed on Friday that it was still in negotiations with Alto Intermediary Group but that the deadline for the takeover had been extended to 22 June.
Ageas Insurance Solutions reveals new senior managers
Ageas Insurance Solutions has made two senior appointments to its management team with a new senior insurer development manager and a head of finance.
James Hallam snaps up cares homes insurance porfolio
James Hallam has completed the acquisition of a care homes insurance portfolio from Howden Insurance Brokers.