News
Ecclesiastical posts losses for 2011
Ecclesiastical has reported a pre-tax group loss of £7.7m for 2011, compared with £50.4m profit in 2010.
Barbican acquires PI Protect
Barbican Group has bought Manchester-based managing general agency Professional Indemnity Protect.
Besso targets acquisitions after share buy-back
The management of Besso Insurance Group have bought 15% of the business in a £1.1m deal ahead of an acquisition drive of specialist firms and broker teams.
iprism partners with Durell to launch broker back office system
iprism and Durell Software have joined forces to launch a combined electronic trading and back office platform for brokers.
Sarah Lyons "on leave" from Giles
Sarah Lyons, group managing director of Giles Insurance Brokers, has left the company and is in the process of addressing "certain contractual issues”.
Peter Blanc to take over as Oval CEO
Peter Blanc is set to become the new group CEO of Oval with current chief, Phillip Hodson, taking up the role of non-executive group chairman.
Sentiment Survey opens for business
It is your chance once again to get your views heard by insurers and be in with a chance of winning one of three Kindles in our first Sentiment Survey of 2012.
Aviva promotes from within for broker focused underwriting chief
Aviva has appointed Ian Ferguson to the role of chief underwriting officer for intermediary and partnerships with responsibility for driving the focus on underwriting across the broker channel whilst delivering profitable growth.
Fitch maintains negative outlook on Groupama SA
Fitch Ratings has affirmed Groupama SA’s Insurer Financial Strength rating at BBB, outlook negative.
Groupama's UK results bring delight and frustration for CEO
Groupama UK’s chief executive, François-Xavier Boisseau, has admitted that his satisfaction at producing record levels of profit in 2011 has been tempered by the sale process forced upon the insurer by its French parent.
Oxford Insurance Brokers strikes PI deal with Collegiate Underwriting
Oxford Insurance Brokers has partnered with Collegiate Underwriting to launch a new professional indemnity (PI) insurance deal designed to allow IFAs to fix their premium rates for two years.
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.