News
Bloomer puts down roots at UK General
UK General has appointed ex-Ecclesiastical schemes director Tony Bloomer as head of commercial schemes.
UK businesses increasingly pessimistic according to survey
A survey carried out on behalf of QBE has revealed that 77% of UK businesses expect a full economic recovery will take at least two years, a 7% increase on last year’s figure.
HDI-Gerling hires liability underwriter from rival
HDI-Gerling has signed a new liability underwriter as the industrial specialist bids to grow its international portfolio.
Groupama delivers record profits but sees revenues dip
Groupama UK has experienced a huge upswing in profitability for the second year in a row delivering £43.5m in 2011 against £23.7m in 2010, itself a huge improvement on the previous year (2009: £14.1m).
Hector Sants resigns as FSA chief
Hector Sants will step down as CEO of the Financial Services Authority (FSA) at the end of June 2012.
XL sues client over "false" policy application
XL Group is suing one of its clients, hedge fund Level Global, for $7.45m ($4.74m) for allegedly making misrepresentations when purchasing an insurance policy.
Mitsui makes move in construction market
Mitsui Sumitomo has strengthened its construction capabilities with a new appointment.
One in ten young professionals take out no insurance
One in ten young professionals would rather “take the risk” than spend money on insurance, a new study has revealed.
Canopius hit hard by catastrophe losses
Canopius has suffered a tough 2011 posting a multi-million pound loss and a three figure combined operating ratio (COR).
Admiral identifies £250,000 worth of potential fraud
Admiral has identified a quarter of a million pounds worth of potential fraud in just nine days following the implementation of a new claims fraud system.
Arista makes fleet underwriting appointments
Arista Insurance has made two new appointments to its fleet team in Birmingham.
London broker association shakes up board
The London and International Insurance Brokers’ Association (Liiba) has made several appointments to its board.
Ink increases South West presence with new Bristol office
Ink Insurance has opened a new Bristol office and appointed Janice Whitelock as regional underwriting manager.
Brightside's Holman hits out at slow approach to DVLA access
Brightside Group has hit out at the insurance industry for not securing access to the DVLA database sooner than it is.
Groupama increases capability of Optima Business Plus
Groupama has launched a “miscellaneous trades” facility for its online commercial trade product, Optima Business Plus.
L&G GI returns to profit, with 18% COR improvement
Legal & General has reported profit of £42m for its general insurance arm in 2011, up £50m from an £8m loss the previous year.
Mike Keating resurfaces at specialist MGA
The former managing director of Axa Personal Lines Intermediary, Mike Keating, has returned to the market at a specialist non-standard property underwriting agency.
FSA warns of customer detriment in UK general insurance
The Financial Services Authority (FSA) has identified what it sees as three main risks of consumer detriment in the general insurance market and warned that it will not allow a repeat of the payment protection insurance mis-selling scandal.
Towergate creates new M&A role
Towergate Insurance has appointed Dan Saulter to the newly-created role of group mergers and acquisitions director.
Ink unveils new policy excess product
Ink Insurance has released a new excess protector insurance product, developed with input from Adding1’s ShazamXS.
Axa teams up with Aon for IFA PI cover
Axa Commercial lines has partnered with Aon Risk Solutions to provide professional indemnity (PI) insurance for Independent Financial Advisers (IFA) in the UK.
Brokers tackling climate change in the workplace, survey says
Environmental issues are a top priority for most brokers, according to research from Aviva.
Biba urges Chancellor not to raise IPT in the Budget
The British Insurance Brokers’ Association (Biba) has called on the Chancellor not to raise Insurance Premium Tax (IPT) above its current level of 6% in the upcoming Budget on 21 March.
Arag appoints internally for key broker role
Arag has appointed a new broker business manager as it makes changes to it sales and marketing roles.