News
Aviva UK business grows but profits dip
Aviva UK’s general insurance business delivered higher growth but lower profits in 2011 as it managed to pin its combined operating ratio to 2010 levels.
Lumley Jacobs and Carole Nash in DNA deal
Lumley Jacobs has partnered with Carole Nash to supply forensic coding to the broker’s motorcycle customer base.
LFC Shield pushes new Allianz-backed product range
LFC Shield has added Allianz to its existing insurer panel.
Quinn purchaser sees net income slump
Liberty Mutual Holding has reported a 78.2% fall in net income to $365m (£232m) in 2011 from $1.68bn the previous year.
Job opportunities fall but pay rises in general insurance
Job opportunities across sectors rose more sharply in February than in January but fell in insurance, according to the latest Reed Job Index.
Labour would force insurers to offer telematics
Insurers could be forced to offer telematics to potential clients under a new proposal from Shadow transport minister, John Woodcock.
Admiral delivers "disappointing" results despite hike in profits
Admiral has delivered a 13% increase in profits to £299m in 2011, a result its chief executive described as disappointing.
ABI warns time is running out on flood insurance cover
The Association of British Insurers (ABI) has warned that the clock is ticking on the need to secure a long-term sustainable flood insurance market in the UK.
Momentum posts start-up losses
Momentum has revealed it lost £289,993 between 15 December 2010 when it began trading and 30 September 2011.
Ai Claims extends ULR deal to 2015
Ai Claims Solutions has signed a three year deal with ULR Additions to continue providing credit hire and repair facilities.
Video: What the Papers Say latest edition
This month, Martin Friel is joined by Kelly-Ann Knight, head of external communications at Towergate and Emmanuel Kenning, features editor at Insurance Age.
S&P maintains negative watch on Groupama S.A.
Standard & Poor’s (S&P) has reaffirmed its negative watch on Groupama S.A. and maintained its rating for the group at BBB-.
FSA issues PPI redress guidance
The regulator has published proposed guidance for firms contacting customers who they may have mis-sold payment protection insurance (PPI) to but have not yet complained.
Omega posts 134% COR
Omega Insurance Holdings has reported a $94.7m (£60.1m) loss before tax for 2011, more than double the $42.9m it lost in the previous year.
Ecclesiastical loses broker director as part of restructure
Ecclesiastical has parted company with Ian Wainwright, broker sales director, as part of a managerial restructure.
Rural expands reach with three new deals
Rural Insurance has signed deals with Coversure and the Farmers Union of Wales (FUW), and renewed its partnership agreement with Broker Network to distribute agricultural motor, equine and farm risks until the end of December 2014.
Amlin chairman set to retire as results show near £200m loss
Amlin has reported pre-tax losses of £193.8m for 2011, compared to a profit of £259.2m for 2010.
QBE snares RSA's SME boss for senior role
QBE has turned to two of its largest rivals to secure a brace of senior hires.
Axa Commercial takes new approach to schemes business
Axa Commercial Lines is to implement a new approach to its schemes business which it believes will allow brokers and insurers greater control of schemes.
New 'professional combined' product hits the market
Acturis has introduced an auto-rated professional combined product combining professional indemnity, directors’ and officers’ (D&O) and office and liability cover to the open market.
Markel targets fine art market with MGA acquisition
Markel International has acquired Quay Underwriting (QU).
Autonet teams up with Unite
Autonet Insurance has signed a partnership deal with Unite which sees the trade union join the broker’s in-house affiliate networking scheme.
Ellis Clowes hires two to boost PI and D&O offering
Lloyd’s broker, Ellis Clowes, has bolstered its professional indemnity (PI) and directors’ and officers’ (D&O) offering with two new hires.
Aviva to attack corporate risk market with regional underwriting
Aviva will attempt to snatch a 20% share of the corporate risks market by increasing underwriting authority at a regional level.