News
Chubb expands roles of specialty insurance team
Chubb Insurance has made four senior appointments to its UK and Ireland specialty insurance division.
Chubb enters European cyber protection market
Chubb has launched a cyber security insurance product for companies in Europe.
OFT launches third party repair and credit hire investigation
The Office of Fair Trading (OFT) has launched an investigation into the provision of third party vehicle repairs and credit hire replacement vehicles in the UK motor market.
Patrick Smith not involved in Swinton share drama, says internal memo
Covea, the French insurer and ultimate parent of Swinton Group, has moved to distance chairman Patrick Smith from any wrongdoing associated with the sacking of the Swinton board.
Video: What the Papers Say, latest edition
This month, Insurance Age editor Martin Friel is joined by Jon Sellors, head of thought leadership at RSA and Insurance Age features editor, Emmanuel Kenning.
Entire Swinton executive board sacked
All of Swinton’s executive board has been fired with immediate effect by parent company Covea over concerns surrounding a performance-related share scheme.
Barton sees Jelf “bucking the trend”
Phil Barton, chief executive for insurance at Jelf, has described the broker’s 4.4% organic growth in insurance business to £44.8m as “no doubt bucking the trend” in the industry.
Admiral ponders creation of law firm
Admiral is considering setting up its own personal injury law firm in light of the developments to legal firms’ ownership under the alternative business structure changes.
Homeserve to outsource complaints handling
Homeserve is to outsource its complaints handling next year following an internal review.
Jelf profits shoot up by more than 200%
Jelf has reported a 235% jump in profit, to £2.8m for the year ended September 2011, up from £0.9m for the year ended September 2010.
Insurers react to S&P downgrade warning
Axa, Aviva and Allianz have responded to the news that insurers could face a downgrade in their credit ratings by highlighting the link to the negative watch recently placed on Eurozone member countries.
RSA exits broker motorcycle market
RSA’s Personal Lines Broker has announced its decision to pull out of the UK motorcycle insurance market.
Major insurers hit by credit rating warning
Axa, Allianz and Aviva groups are among 15 insurers that Standard & Poor's (S&P) have warned face a downgrade in their credit rating.
Hiscox awarded chartered status
Hiscox has been awarded corporate chartered insurer status by the Chartered Insurance Institute (CII) for their London market business.
Firstassist sold by venture capitalist owners
Firstassist Legal Expenses Insurance is to be acquired from Equistone Partners Europe by Burford Capital.
QBE rebuilds Europe team
QBE has appointed Judy Holt as head of business development, European markets.
BAIS names new broker relationship team
Broker Assistance Insurance Services (BAIS) has made three appointments to form a new broker relationship team.
Scottish broker makes Edinburgh acquisition
Central Insurance has completed its second acquisition of the year with the purchase of Edinburgh-based Castle Cairn Insurance Brokers.
Groupama could be headed for junk bond rating
Groupama SA has suffered further bad news on its credit rating status with Standard & Poor’s warning it could lower the group to junk bond status.
Brightside secures £100m capacity deal
Brightside Group has confirmed that a new capacity deal with an unnamed re-insurer will deliver £100m of extra capacity to its Gibraltar-based underwriting firm Southern Rock Insurance Company.
Axa boss quits to "pursue other interests"
Mike Keating, managing director, intermediary and partnerships sales at Axa, has left the business.
Ageas finds new boss for Rias and Castle Cover
Ageas Retail has found an MD for its Rias and Castle Cover businesses following the resignation of Janet Connor earlier this year.
Insurance Age blog: Those flip-flopping insurers
Insurers are a funny bunch. They always seem to be changing their minds about stuff. One day they love a particular line of business, the next they are getting out of it.
Cobra sells subsidiary business for £3.3m
Cobra Holdings has sold subsidiary business Cobra Corporate Solutions (CCS) to ISO Investments, a company controlled by Cobra shareholder Phil Truman, for £3.3m.