News
New network system to "revolutionise" SME trading
The managing director of 1 Answer Network has claimed a new system that has been implemented will revolutionise the way SME business is traded.
CFC appoints new BDM in push for UK growth
CFC has appointed Chris Gilson as UK and Ireland business development manager.
Lorica achieves chartered status
Lorica Insurance Brokers has become the latest broker to achieve chartered status.
Ink increases PI footprint with IRS acquisition
Ink Underwriting Agencies has acquired Indemnity Risk Solutions (IRS).
Marsh sells part of HSBC business to R K Harrison
R K Harrison has acquired a portfolio of four businesses from Marsh UK.
Bartleet takes first step in growth strategy
Bartleet Enterprises has acquired Chesham Insurance Services.
AA calls for less talk, more action on whiplash claims
The AA has called for the government to take action on whiplash, and said it hopes the second insurance summit will be the “last talking shop”.
RBS approached by private equity firm over Direct Line sale
Direct Line's parent company Royal Bank of Scotland (RBS) has received an informal expression of interest from a new private equity firm, according to the FT.
ABI accused of playing 'cynical and duplicitous game' over portal fees
The Association of British Insurers (ABI) has reportedly advised members to start negotiating with offers of £150 for legal fees in low value claims.
County subsidiary completes first acquisition
County Insurance North West (NW), part of the County Group, has completed its first acquisition in the shape of Whitchurch Insurance Services.
Lloyd's puts another £375m towards PPI provision
Lloyd’s Banking Group has set aside a further £375m to cover claims from customers who were mis-sold payment protection insurance (PPI).
Deadline for Cobra bids extended
The deadline for potential bidders for the Cobra Group has been extended until the end of May.
LV hires claims director from American Express Insurance
LV has appointed Chris Rolland as claims director responsible for overseeing all aspects of claims within LV's general insurance business.
QBE's acquisition strategy contributes to Moody's downgrade
QBE's "aggressive pace of acquisitions" has led Moody's to downgrade the outlook of the insurer's senior debt ratings from 'stable' to 'negative'.
Liberty sets up Leeds operation
Liberty Mutual Insurance has made four new appointments as it opens a new office in Leeds.
Aviva's Moss waives payrise as shareholders kick back over executive pay
Aviva has agreed to review its remuneration policy as the insurer attempts to avoid a shareholder revolt over executive pay.
Income pressure to hamper premium recovery until 2015
Non-life premiums will not recover to 2003 levels until after 2015, according to the Ernst & Young ITEM Club Outlook for financial services.
Referral fee ban lacks definition and will "damage access to justice"
The LASPO Bill represents “a litany of missed opportunities for the personal injury system” according to John Spencer, director of Spencers Solicitors.
Blanc urges brokers to get online to defend SME market
Axa Commercial’s CEO, Amanda Blanc, has warned brokers they risk losing the SME space to the direct market if they continue to ignore the benefits of e-commerce.
Willis has good Q1 but UK performance drags
Willis has had a good start to 2012 delivering $225m (£139m) in net income for the first quarter compared to $35m in the same period last year.
New health product aims to side-step NHS waiting times
Westfield Health has launched a new corporate health insurance product providing private cover for non-urgent surgical procedures.
JLT claims positive start to 2012
Jardine Lloyd Thompson (JLT) said its financial position remains strong, in an interim management statement covering the period between 1 January and 25 April 2012.
Canopius offer for Omega recommended
Canopius has made a cash offer of 67p per share for Omega Insurance Holdings.
New affinity leadership for Jubilee
Jubilee has appointed John McGonigle as head of affinity and special risks.