News
Hyperion launches takeover bid for Lloyd's broker
Hyperion has entered into talks with Lloyd's broker Windsor regarding a potential offer.
Stonebridge targets print industry with new division
Stonebridge Corporate has teamed up with Randall & Quilter to develop a new range of insurance products for the printing industry.
Storms whip up car claims
AA Insurance has revealed that the storms which hit parts of the UK in the first five days of January caused a 28% increase in car insurance claims compared with the same period of 2011.
Markel International makes brace of underwriting hires
Markel International has made two new underwriting appointments to its MGA division.
New account executive for Jelf Manson
Jelf Manson has appointed Alastair Teague as account executive.
Towergate suffers two more senior resignations
Two senior managers at Towergate have handed in their resignations in as many weeks as the change of culture under new CEO Mark Hodges takes effect.
Covéa exerts control over UK arm with merger and rebrand
French-owned insurer MMA is to be rebranded as Covéa as part of a merger with Provident Insurance.
Giles' finance director steps down
Mark Chambers, finance director at Giles Insurance Brokers, resigned on 1 January according to new documents submitted to Companies House.
Brokers urged to respond to FSA consultation on PPI
Brokers have been urged to respond to the joint investigation into payment protection products by the Office of Fair Trading and Financial Services Authority (FSA) and respond accordingly.
Brokers' profitability predicted to fall
Brokers saw a strong decline in business at the end of 2011 and face further reductions in profitability at the start of 2012 according to a new report.
FSA goes for former Zurich chief as new FSCS chairman
The Financial Services Authority (FSA) has appointed a new chairman of the board of the Financial Services Compensation Scheme (FSCS).
Liberty Syndicates appoints new risk chief
Liberty Syndicates has appointed Dan Wilkinson as head of risk management.
LV unveils new commercial distribution chief
LV Broker has promoted Kevan Aubrey to head of commercial distribution and Mark Campbell to head of key commercial accounts.
CFC launches policy for the cloud
CFC Underwriting has launched a new cyber liability policy for firms using cloud computing services.
FOS proposes changes to case fee structure
The Financial Ombudsman Service (FOS) has launched a consultation aimed at changing its case fee structure.
FOS to introduce £350 PPI surcharge
The Financial Ombudsman Service (FOS) has revealed plans to introduce a supplementary case fee of £350 from April 2012 for firms that have more than 25 payment protection insurance (PPI) complaints.
Taxman punishes SMEs while indulging big business
The Forum of Private Business has accused HMRC of indulging in the “harassment and mistreatment” of small business while arranging “sweetheart deals” with large companies.
Cameron's attack on H&S culture challenged by legal sector
David Cameron has vowed to “wage war” against the health and safety culture in Britain.
Axa loses London sales chief
Axa Commercial Lines' head of sales for London, Jamie Lewis, has resigned from the company, although a spokeswoman for the insurer would not confirm when he had done so.
Household rates will continue to rise says PwC
Accounting firm PwC has warned that the recent winter storms could push household premiums up this year.
Consumer champion slams travel insurers
An investigation by Which? has revealed that nearly one third of its members who told their travel insurance provider about a medical condition after taking out a policy had to pay a higher premium or had their cover removed.
Biba offers sanction checking facility to members
The British Insurance Brokers’ Association (Biba) has launched a sanctions checking facility to help members comply with their obligations under the Terrorism Act and the Financial Services Authority’s (FSA) financial crime requirements.
La Playa adds yacht specialism
La Playa has appointed Mike Taylor-West to the new role of head of private client and marine, London, as the insurance broker looks to develop a specialism for yachts and pleasure craft.
Axa warns of home insurance claims surge
Home insurance claims are set to rise in the coming year due to the increased number of events taking place this summer, according to research conducted by Axa Personal Lines.