News
Catlin sees rates hardening across lines in Q1
Catlin's chief executive believes the market is heading the right direction with rate increases across the board as the insurer reported a 12% hike in GWP.
CFC adds to professional risks team
CFC has appointed Andrew Walker to its professional risks team.
Jelf launches affinities and schemes team
Jelf is set to attack the schemes and affinities market with a dedicated team team by Rob Rees as managing director.
Keychoice Underwriting transfers business to Towergate
Keychoice Underwriting has entered into negotiations to transfer its book of business to Towergate only two years after it was launched.
Peter Hubbard appointed executive chairman at UK General
Former Axa UK CEO, Peter Hubbard, has been appointed the new executive chairman of the UK General Group following the resignation of Howard Posner.
Zurich's UK arm sees profits dip but COR remains steady
Zurich UK has delivered an underwriting loss of $8m (£4.9m) and a combined operating ratio (COR) of 101.3%, only a slight deterioration on last year (101.2%: 2011).
Markel International achieves huge improvement in Q1 COR
Markel International has delivered $277.6m (£141.3m) of GWP in the first quarter of 2012, a 9% increase on the same period last year ($255m).
RSA chief welcomes tough conversations with consolidators
RSA’s UK and Western European CEO Adrian Brown has revealed that having former colleague Brendan McManus and counterpart Mark Hodges running consolidators such as Giles and Towergate respectively was a help, rather than hindrance.
Clark Thomson reveals new MD and chairman
Scottish broker Clark Thomson has appointed Ben Bailey as managing director and Ian Bowie as chairman.
Gallagher buys over 50's specialist broker
Arthur J. Gallagher has bought 78.5% of Insurance Dialogue (IDL), a specialist broker for the over 50’s market trading under the Insure4Retirement (I4R) brand.
Number of chartered brokers nears the 100 mark
The Chartered Insurance Institute’s (CII) drive for professionalism has seen 12 insurers and 94 broking firms commit to chartered status according to its annual review of 2011.
New D&O and HNW insurer enters UK market
XN Financial Services (UK), a subsidiary of Montreal-based XN Holdings, has received UK accreditation from the Financial Services Authority authorising it to operate in the UK.
Biba extends 'Find a broker' function to mobiles
The British Insurance Brokers’ Association (Biba) has launched a ‘Find a Biba Broker’ app for iPhones and iPads.
Moss to receive £500,000 on top of basic salary
Andrew Moss will receive his basic salary in lieu of twelve months’ notice in accordance with his contract when he leaves Aviva at the end of May.
MGA offers new management liability policy to SMEs
Manchester Underwriting Management (MUM) has launched a new management liability policy for SMEs.
Hiscox reports improved GWP for UK arm
Hiscox has delivered gross written premium of £450.7m for the first three months of 2012, a slight decline from £453.5m in the same quarter of 2011.
Former Mitsui chairman banned as insurer is hit with huge fine
The Financial Services Authority (FSA) has fined Mitsui Sumitomo Insurance Company (Europe) £3.5m for serious corporate governance failings, and banned its former executive chairman, Yohichi Kumagai.
Tysers reports strong growth in 2011
Hawkes bay Holdings, the parent company of Lloyd's broker Tysers and underwriting agency Aquila Underwriting, delivered strong growth in revenue and pre-tax profit in 2011.
Jelf's profit improves while revenue remains stable
Jelf Group has reported a 10% improvement in operating profit in the six months ended March 2012 to £1.6m, up from £1.5m in the same period of 2011.
Aviva shares could rally on Moss resignation
Andrew Moss’ resignation will be welcomed by shareholders following a series of “unfortunate” events, according to investment bank, Panmure Gordon.
Aviva praises Moss’ performance despite share price woes
Lord Sharman, chairman of Aviva, has praised the performance of chief executive officer Andrew Moss and claimed that it was Mr Moss’ decision to leave the role.
Aviva CEO quits following shareholder pay revolt
Andrew Moss, chief executive officer at Aviva, has stepped down from his role with immediate effect and will be leaving the group.
MMA delivers much improved profitability ahead of Provident merger
MMA Insurance has delivered a strong set of results for 2011, its final set of results prior to its merger with Provident and rebrand to Covéa.
ALPS launches new product range following broker consultation
Auto Legal Protection Services (ALPS) has launched a range of six legal expenses insurance (LEI) and assistance products.