News
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.
Aviva strikes Keychoice deal
Keychoice and Aviva have agreed to extend their personal lines deal and branch into SME commercial lines together.
Allianz warns that RSA judgment could push motor costs higher
Allianz has warned that a High Court decision on the RSA repair model could add 25% to motor repair bills.
Zurich aims to improve visibility to small brokers
Zurich is renewing its commitment to smaller regional brokers, recruiting 16 new sales executives who will be responsible for looking after around 2,000 brokers.
LFC and Axa in PI link-up
LFC Insurance Group has announced a new exclusive professional indemnity (PI) facility with Axa.
TEn hams it up
TEn Insurance has launched a new exclusive scheme for The Radio Society of Great Britain through network member South West Broking.
UK consumers failing to see value of mobile phone cover
Almost four in five British mobile phone users believe mobile phone insurance is unnecessary, according to research from Virgin Media.
Fitch affirms AA- credit rating of IAG subsidiaries
Fitch has upheld the financial strength rating of Insurance Australia Group's (IAG) core operating subsidies at AA-.
Clear Insurance confirms five new recruits
Clear Insurance has announced five appointments across the company.
NIG reveals profits in 2011 results
NIG has revealed that it made a profit after tax of £47.3m in the year to 31 December 2011, a reversal of the £78.8m the provider lost in 2010.
Gable launches new ATE product range
Gable Holdings has unveiled a new range of After the Event (ATE) insurance programmes for the UK.
Axa Assistance announces new deputy CEO appointment
Axa Assistance has promoted Sharon Scully to deputy CEO.
JLT launches unoccupied property cover
JLT Specialty has extended its landlords insurance offering to cover unoccupied properties, and enhanced its online quote and bind facility.