News
Last chance to enter Sentiment Survey
Today is the final chance for brokers to take part in Insurance Age’s Sentiment Survey and give their views on important industry matters.
MMA CEO appointed deputy chairman of Covéa
Garry Fearn has been appointed executive deputy chairman of Covéa Insurance.
Premium Credit claims self-service portal first
Premium Credit has launched a new website which it claimed will minimise administration for brokers by enabling its personal premium finance customers to manage their accounts online.
Senior returns to Towergate from Gallagher Heath
Towergate has appointed Richard Senior as managing director for its broking operation in Hull.
Powerplace not a top-five priority, declares Hodges
Towergate chief Mark Hodges has declared that Powerplace is not even in the top five of his priorities at the insurance broker.
Central Insurance adds to board in drive for growth
Central Insurance, the Scottish independent broker, has appointed Graeme Manson and Gillian Hastings as non-executive directors.
Fitch affirms RSA's rating at A
Fitch Ratings has affirmed RSA’s Insurer Financial Strength (IFS) rating at A, and its long-term Issuer Default Rating (IDR) at A-.
NIG wins contract for funeral director scheme
NIG has won the tender to underwrite the insurance for Lark Group’s SAIFInsure scheme, taking over the contract from Axa.
General insurance tops regulator's complaints table
General insurance is the most complained about financial service according to the latest complaints data published by the Financial Services Authority (FSA).
Claims management companies come under political scrutiny
The Ministry of Justice has launched an investigation into claims management companies following complaints that they are blocking up the compensation system for mis-sold payment protection insurance (PPI).
Lloyd's posts loss in worst ever catastrophe year
Lloyd’s has reported a £516m loss for 2011 in its worst catastrophe claim year on record.
RWA launches broker focused meeting app
RWA Compliance Services has launched a mobile phone app which it claimed could help avoid some of the pitfalls insurance brokers faced when trying to keep good records of client meetings and explanations given.
R&Q acquires Guernsey insurer NFIL
Randall & Quilter Investment Holdings (R&Q) has acquired Northern Foods Insurance (NFIL), a captive insurer domiciled in Guernsey, for just over £700,000.
Barbon creates new roles to strengthen management
Barbon Insurance Group has appointed managing directors for the four businesses within its property and commercial division.
Jobs fears over Travelers restructure
Travelers Insurance has confirmed that it has undertaken a strategic review of its underwriting function and is currently consulting with UK-based underwriting and operations staff regarding its plans.
New professional risks MGA launched following Novae purchase
Nexus Underwriting Management has launched a new Lloyd’s MGA focusing on professional indemnity and management liability business.
Abbey Protection posts positive results
Abbey Protection has reported a 5% growth in profit, from £9.6m in 2010 to £10.1m in 2011.
Gallagher targets £50m turnover in Leeds
Gallagher Heath has stated that it aims to double the £25m turnover of its Leeds branch by 2015.
MMA extends relationship with Kwik-Fit
MMA has joined the panel of Kwik-Fit-owned The Green Insurance Group.
Ex-Willis Networks MD Phil Scarrett joins ECIC
Phil Scarrett has been appointed as sales and marketing director for the Electrical Contractors’ Insurance Company (ECIC).
Ascot latest to blame catastrophes for poor set of results
Ascot Underwriting has reported a £12.6m loss for 2011, down over £100m on its pre-tax profit of £97.1m in 2010.
MMA appoints BDM for North East
MMA Insurance has appointed Alexandra Thomson as business development manager for the North East working closely with the insurer’s regional office in Newcastle.
Sentiment Survey enters final week
There is only one week left for brokers to join in with Insurance Age’s Sentiment Survey on the industry matters affecting the sector.
Hiscox expands HNW motor capability
Hiscox has strengthened its UK art and private client division with three motor appointments.