News
RBSI firms fined £2.17m over complaints tampering
Direct Line and Churchill have been hit with a £2.17m fine by the Financial Services Authority (FSA).
Compass points to identity theft
Compass Underwriting has launched a new identity theft product in association with LawShield and Experian.
Coface: Companies bearing the brunt of Eurozone crisis
Coface has warned that European companies face increased non-payment incidents and worsened credit risk as the crisis in the Eurozone continues.
Standard & Poor’s maintains negative outlook for insurers
Standard & Poor’s (S&P) has removed Allianz Plc, Aviva Insurance (Europe) and Axa Insurance from its Creditwatch list but confirmed it was keeping a negative outlook for insurers.
Jack Straw warns of regulatory threat facing motor insurers
Jack Straw has called on the industry, particularly insurers, to do much more to reform the private motor market or face further government intervention.
Hyperion celebrates 21% rise in revenue
Hyperion Insurance Group, has reported a 21% increase in revenue to £87m for the year ended September 2011.
Towergate goes for change with latest appointment
Towergate Insurance has appointed a group change director tasked with delivering the business’ key strategic priorities.
New PI cover for media sector
Travelers has introduced a new professional indemnity (PI) product to cover the publishing and general media sectors.
UK General secures new capacity
UK General has agreed a new capacity deal with Ecclesiastical vehicle, Ansvar.
Romero bags second director from rival Henderson
Leeds-based Romero Insurance Brokers has appointed former Henderson director Darron Brady as its new business sales director.
Cruise ship disaster costliest in maritime history
The Costa Concordia crash could be the biggest insured loss in maritime history.
PPI complaints soar by 57%
The Financial Ombudsman Services (FOS) has revealed that the number of payment protection insurance (PPI) cases it received increased to 30,301 in the final three months of 2011.
Network player pinches second broker from Oval
Oval has lost another latent defects expert to TEn network member, Building and Land Guarantees (BLG).
Video: What the Papers Say latest edition
This month Martin Friel, editor of Insurance Age, and Emmanuel Kenning Features editor, are joined by Aviva's senior media relations manager, Erik Nelson.
RSA relocates in Ipswich
RSA has opened a new site in Ipswich in a bid to increase broker access to trading staff.
Ex-Powerplace director joins Perkins Slade
Perkins Slade has named former Powerplace sales and marketing director, Darren Rowe, as managing director for corporate business.
SME confidence hits record low
Research by the Federation of Small Businesses (FSB) has revealed confidence amongst SMEs to be at the lowest level since its ‘Voice of Small Business’ Index started in 2010.
Marsh’s UK leader moves to European role
Marsh has appointed Martin South, CEO of UK and Ireland, to the newly-created role of CEO, Marsh Europe.
Ex-Jubilee chief returns to market
Andreas Loucaides has been appointed syndicate operations and development director at a Lloyd’s syndicate – A G Dore & Others (Syndicate 2526) – less than a month after his sudden departure from Jubilee.
Sterling targets northern business with new Manchester office
Sterling Insurance has confirmed it will open a regional branch in Manchester by the end of March 2012.
Ink snaps up Adding1’s commercial wholesale book
Ink Insurance has bought Adding1’s property, liability and motor fleet based business and confirmed that CEO Julio Rodilosso will be retained in a consultancy role.
Biba welcomes Treasury FCA report
The British Insurance Brokers’ Association (Biba) has welcomed the Treasury Select Committee’s report on the Financial Conduct Authority (FCA).
Aon moves corporate HQ to London
Aon has announced it will move its corporate headquarters to London to gain greater access to emerging markets and take better advantage of strategic proximity to Lloyd’s and the London market.
Ireland's Injuries Board sets good example
The UK should look to Ireland for a lesson on tackling the problem of increasing insurance premiums, according to Catherine Barton, partner in the insurance team at Ernst & Young.