News
Transactor reveals profit and growth plans
Ray Vincent, chief executive of Transactor Global Solutions, has confirmed the technology company will report profits “north of £250,000” when it publishes its full year results.
Mondial re-brands as it heads into health market
Mondial Assistance UK has announced that it will rebrand to Allianz Global Assistance in October this year as it embarks on a new foray into the health sector.
CFC chief reveals post-MBO plans
David Walsh, managing director at CFC Underwriting, has revealed the company's plans to move further into the affinities business and expand its product range.
Video: Schemes Masterclass preview
Ahead of the launch of our latest event, Insurance Age spoke to our headline sponsor about what brokers can expect on the 24th April.
Keelan Westall launches unoccupied commercial property cover
Keelan Westall has launched Agility Commercial designed to protect vacant commercial properties from damage caused by vandalism, flooding, fire or squatters.
CCV purchases remaining 70% of Kent-based broker
CCV has completed its phased acquisition of Kent-based broker Capital & County.
Bluefin lures another ex-employee back from Gallagher Heath
Bluefin has bagged another former employee from Gallagher Heath as it bids to grow its share of the corporate market.
CFC management go it alone following MBO
The management team at CFC Underwriting, the cyber risk specialist MGA, have completed a management buyout of the company from the Hyperion Insurance Group.
Video: What The Papers Say latest edition
On the sofa this month are Graeme Trudgill, head of corporate affairs at the British Insurance Brokers' Association and Jonathan Swift, editor in chief of Incisive Media's insurance division.
Paymentshield targets online system to attract brokers
Paymentshield is to invest over £2m in its Inertia Online System and overhaul its insurer panel as it bids to enhance the products and services it offers to brokers.
Livestock rustling sends claims soaring in Northern Ireland
Northern Ireland is the worst affected region for livestock rustling, accounting for more than 20% of claims in 2011, according to rural insurer NFU Mutual.
RSA to reduce broker panel to achieve commercial profitability
RSA's 2011 report and accounts has confirmed that the insurer will take a more “targeted approach” to its broker distribution in the UK.
Regulation moving too fast for financial services
Regulatory developments are coming too fast to allow financial services companies to react effectively according to a report from regulatory analysts, JWG.
E Coleman buys Foster Leighton and targets expansion into Cornwall
Poole-based broker E Coleman has acquired Foster Leighton in Exeter for an undisclosed sum.
Brit suffers ratings downgrade after QBE sale
AM Best has downgraded the financial strength rating and issuer credit rating of Brit Insurance Limited (BIL) to A- from A and placed the ratings under review with negative implications.
Jelf off to a positive start in 2012
Jelf has reported a "positive start to the year" in a trading update.
Chartis Europe sees reduced profit and GWP but improved COR
Chartis Europe has reported a fall in profit for the year ended November 2011 to £11m, compared with £101m in 2010.
Iprism returns to profit with doubled turnover
Iprism Underwriting Agency has reported a jump back to profit, with earnings of £2.1m for the year ended December 2011, compared with a loss of £0.8m in 2010.
Insurecom adds to senior team
Insurecom has appointed a new chief financial officer (CFO) and chief technical officer.
Home Secretary gives backing to Biba and ABI signposting initiative
The British Insurance Brokers’ Association (Biba) and the Association of British Insurers (ABI) have revealed a government backed signposting agreement which they claim will make it easier for older customers to find motor and travel insurance.
QBE reveals expansion plans to brokers
Ash Bathia, chief underwriting officer at QBE for property, casualty and motor, has told brokers to expect more engagement and products from the provider after its acquisition of Brit’s UK regional business.
NIG aims to expand in Scottish market
NIG plans to invest in its Scottish operation and grow its Glasgow-based team following feedback from brokers in the Scottish commercial and SME market.
Brokers welcome QBE takeover of Brit's UK regional business
Brokers have given a uniformly positive reaction to the takeover by QBE of Brit’s UK regional business describing it as good news for both brokers and insurers.
QBE buys Brit’s UK regional business
QBE has announced the purchase of Brit’s renewal rights for the UK regional operations business with the transaction expected to be completed on 13 April.