News
FCA chief vows to end laid back regulation
The Financial Conduct Authority (FCA) needs to make better, bolder, faster decisions and will not lie back and let financial markets run themselves.
Policy sales up at Brightside ahead of results release
Brightside has revealed a 30.7% increase in policy sales to 444,189 [2010: 339,916] ahead of announcing its full year results to 31 December 2011.
New London sales chief for Axa
Axa Commercial Lines has appointed Ryan Birbeck as its new London sales manager.
Thoresen urges FCA to tone down the rhetoric
Otto Thoresen, director general of the Association of British Insurers (ABI), has called on the Financial Conduct Authority (FCA) to engage with balanced rhetoric to head of a confrontational relationship with the industry.
CCV starts 2012 with two acquisitions
CCV has bought Crown Insurance Brokers in Birmingham and Lyon Insurance Services in Anglesey.
RSA reveals 120 jobs at risk in UK business review
RSA has confirmed to sister title PostOnline that 120 jobs are at risk in a review of its UK business.
Zurich wins Chartered Insurer status
Zurich has been granted Chartered Insurer status by the Chartered Insurance Institute (CII).
Ex-Gallagher Heath MD joins Knowlden Titlow
Knowlden Titlow Insurance Brokers has appointed Rod Palmer, former managing director of Gallagher Heath’s Norwich branch, as broking director.
Powerplace chief executive out after only eight months
Powerplace, the Towergate online wholesale subsidiary, is to appoint its third chief executive in a year.
FSA issues warning about motor broker Aston Midshires
The Financial Services Authority (FSA) has warned customers of motor broker Aston Midshires Insurance to check that their insurance policies are valid.
Aviva considering tied agent model in Ireland
Aviva has told staff in Ireland that it is considering selling some branches while others may be used in a franchise model, according to reports in the Irish press.
Towergate reveals capacity deals with Brit and Allianz
Towergate Commercial Underwriting (TCU) has announced a five-year capacity deal with Allianz providing 70% and Brit the remaining 30%.
ULR parent reports £3m loss
Motorplus, parent company of Norwich-based ULR, has reported an operating loss of £3.4m for the year ending 31 August 2010.
Quindell adds to insurance business with Ai Claims deal
Quindell Portfolio, a software outsourcing specialist, has acquired 29.9% of Ai Claims Solutions.
QBE maintains rating status despite profit warning
Credit rating agencies Fitch and AM Best have both reaffirmed their ‘excellent’ level ratings on QBE following it announcement on 12 January that group profits would be up to 50% lower than the $1.3bn (£834m) announced in 2010.
Ex-Groupama claims chief appointed as IFB director
Phil Bird has been appointed full-time director of the Insurance Fraud Bureau (IFB) on a six month secondment.
Welsh broker hires in growth push
The Thomas, Carroll Group has announced 11 new appointments as it gears up to expand its headquarters.
Travelers opens Lloyd's event cancellation policy to regions
Travelers is to provide access to its Lloyd’s event cancellation policy to regional brokers.
Arrests made in Groupama motor policy scam
Three individuals have been arrested on suspicion of selling fraudulent Groupama motor policies.
MBO not on the table at Groupama
François-Xavier Boisseau, UK CEO of Groupama, has claimed the company will not resort to a fire sale and insisted that an MBO is not on the table.
2011 insolvency rate up slightly on 2010
Experian’s Insolvency Index has revealed the insolvency rate for 2011 was 1.1%, a slight increase compared to the rate for 2010, 1.03%.
Jack Straw to "push on" with motor reform
Jack Straw has vowed to fight on in his bid to reform the UK motor insurance market despite his Motor Insurance Regulation Bill hitting the wall.
Jubilee calls for clarification on PPI
Jubilee has called upon government and regulator to address the uncertainty surrounding regulation of payment protection insurance (PPI) in order to let the industry grow.
Gallagher Heath seals five year deal with UIA
Gallagher Heath Insurance Services (GHIS) has bagged a five year partnership with UIA to provide motor and travel insurance to members of UK trade unions.