News
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.
Keelan Westall/Powerplace merry go round of hires continues
PowerPlace has lured former employee Damian Baxter back from Keelan Westall nearly two years after he left the business.
Axa confirms Maidstone branch leader
Axa Commercial Lines has promoted Paul Wouldham to branch sales manager to lead the team at its Maidstone branch which opens on 4 April.
Lloyd's losses expected to approach £1bn as catastrophes bite
Lloyd’s is expected to report a near-£1bn loss in 2011 as the Japanese tsunami and Australian floods take their toll on the market.
Aviva raids RSA for new underwriting chief in personal and commercial lines shake-up
Aviva has appointed new heads of underwriting for both personal and commercial lines.
Ex-Argyll chief joins Ataraxia
Ataraxia has appointed Kevin Young to its board of directors.
Ex-Aviva FD confirmed as Direct Line chairman
Royal Bank of Scotland has appointed Mike Biggs as chairman of Direct Line Group.
Sentiment Survey approaches second week
Brokers have just one week left to share their opinions on insurer service and be in with a chance of winning a Kindle.
Brightside posts record results for ninth consecutive year
Brightside Group has reported an almost 35% increase in profit, to £13.6m in 2011 from £10.1m in 2010
Credit insurers better placed than 2008, says Moody’s
Moody’s has described credit insurers as “more resilient to losses than in the 2008 crisis”, but warned that there were still potential problems.
UK Broker Summit 2012: Budget is good news for brokers
Chancellor George Osborne’s budget, delivered yesterday, is “good news” for the insurance industry, according to Stephen Archer of Spring Partnerships.
FSA vows to maintain intensive supervision in final year
The Financial Services Authority (FSA) has vowed to maintain its policy of intensive supervision and will continue to implement European regulatory directives as it releases its final business plan before it is disbanded.