News
Bollington reshuffles board
Bollington has restructured its board of directors and appointed Chris Patterson as group managing director.
Marsh reports increase in revenue and profit
Marsh & McLennan Companies, parent company of broking giant Marsh, has reported a 9.3% increase in total revenue to $11.53bn (£7.35bn) for 2011 from $10.55bn in 2010.
Disappointing results for Willis show income halved last year
Willis has reported total commissions and fees of $816m (£520m) for the fourth quarter of 2011, down from $823m in the same quarter of 2010.
Industry agrees to reduce premiums if government action cuts legal costs
The government has made a commitment to tackle the country’s growing compensation culture, reduce legal costs and cut health and safety red tape in return for the insurance industry’s assurance that it will pass any resultant savings on to consumers.
Seán Quinn faces jail over contempt of court charge
Contempt of court proceedings have been initiated against Seán Quinn and two family members, the Irish Times has reported.
Allianz Legal appoints new sales chief
Allianz Legal Protection (ALP) has appointed Phil Ruse to the newly-created role of head of sales and distribution.
Biba confirms £1,500 prize for young broker competition
Nominations have now opened for the British Insurance Brokers’ Association (Biba) Young Broker of the Year Award 2012.
Barrere steps down from three directorships
Bernard Barrere has resigned as director of MMA Holdings UK, according to papers filed at Companies House.
RBSI explains rebrand to Direct Line
RBS Insurance has confirmed recent press reports of its rebrand as Direct Line Group in preparation of its split from the banking arm of RBS.
PM to challenge industry to reduce cost of motor premiums
David Cameron will host a summit with insurance industry representatives, consumer bodies and business groups in a bid to bring down the cost of insurance premiums and tackle the country's growing compensation culture.
Thailand flooding claims estimated at £1.4bn
Lloyd's has announced its estimated net claims from the flooding in Thailand last year will be $2.2bn (£1.4bn).
Ageas confirms it is suing Kwik-Fit
Ageas has confirmed it is to take legal action against Kwik-Fit.
Mapfre points to broker commitment with new appointment
Mapfre Abraxas has appointed Skye Khilji as key account manager in its finance and insurance division.
CII appoints Bluefin CEO
Stuart Reid, chief executive officer at Bluefin, has been appointed as chair of the Chartered Insurance Institute’s (CII) insurance broking faculty.
QBE enters cyber space
QBE has become the latest insurer to unveil a cyber-risks related product with its new Cyber Response policy designed for UK businesses with a turnover of up to £100m.
Manchester appointments boost regional underwriting presence
Arista and Sterling have both made several appointments to their offices in Manchester.
Axa: Household claim fraud averages £607
Research by Axa has revealed that the number of people exaggerating a home insurance claim has jumped by 17% since last year, with an estimated 200,000 consumers adding an average of £607 to their claim.
Ageas sues Kwik-Fit over insurance arm deal
Ageas is suing Kwik-Fit over liabilities relating to the £215m purchase of the company's insurance arm in 2010.
Markerstudy gets ILM training status
Markerstudy’s talent development team has been granted Centre Status by the Institute of Leadership and Management (ILM).
XL reports $475m loss
XL has reported a net loss of $475m (£301.3m) for 2011 along with a combined operating ratio of 107.5% for property and casualty (P&C) business.
AA latest provider to dive into telematics
The AA has unveiled Drivesave, a telematics product designed to reward safe drivers with lower premiums.
New Direct Line logo revealed ahead of sale
RBSI has plumped for a new brand identity following its name change to Direct Line.
CFC to expand in management liability with Chubb hire
CFC has hired one of Chubb's London managers as a senior management liability underwriter.
Mapfre hits out at credit rating agencies
Mapfre's general manager, Esteban Tejera, has criticised ratings agencies for failing to take the company's financial figures into account when downgrading them.