News
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.
FUW joins Broker Network
The Farmers’ Union of Wales’ insurance arm, FUW Insurance Services (“FUW”) has signed up with Broker Network.
OFT finds lack of competition in private healthcare market
The Office of Fair Trading (OFT) has provisionally decided to refer the market for privately funded healthcare services in the UK to the Competition Commission for further investigation.
Axa reveals package of benefits for chartered brokers
Axa Commercial has unveiled a trio of benefits for chartered brokers following a period of market consultation.
Moscrops recruits from Car Care Plan
Lancashire-based broker Moscrops has appointed Andrew Champion as managing director following the retirement of Tim Chadwick after 40 years with the business.
Perseverance completes UK exit
Birmingham-based broker, Premium Choice, has bought back shares held by the insurance arm of venture capitalist firm, Perseverance.
Three brokers make top 100 UK companies
Three insurance brokers have made it onto this year’s Sunday Times Fast Track 100 list of UK companies with the fastest growing sales over the last three years.
Biba wants more recognition of brokers' value
The British Insurance Brokers’ Association (Biba) has said that there must be more recognition of the contribution brokers make to the UK economy.
Man jailed after £2.3m insurance fraud attempt
A man who exaggerated his injuries and attempted to claim £2.3m in compensation has been jailed for four months by the Royal Courts of Justice after his deception was uncovered and he was found in contempt of court.