News
Biba commits to regulatory focus for 2012
The British Insurance Brokers’ Association (Biba) has revealed that its main focus for 2012 will be achieving appropriate, proportionate and cost effective regulation for its members.
Industry laments lack of referral fee bite in TSC report
The Transport Select Committee’s follow up report into the cost of motor insurance has been widely welcomed by the insurance industry but there is frustration that proposed measures to tackle referral fees do not go far enough.
Select Committee report focuses on whiplash claims and referral fees
The Transport Select Committee has called for the bar to receiving compensation for whiplash to be raised and for the receipt of referral fees to be banned across the board.
Capita appoints new chief of service provision from FSA
Capita Commercial Insurance Services has appointed Greg Carter as director of client services, reporting to Brent Escott, head of the general insurance division.
Bartlett adds Lloyd’s offering
Bartlett & Company has registered as a Lloyd’s broker in a move which it believes will open new markets for business.
Allianz stakes claim for industry first with broker scholarship scheme
Allianz Commercial has launched a new scholarship programme to support staff at chartered brokers in achieving their Chartered Insurance Institute (CII) Diploma in Insurance.
Colosso’s exit from Gallagher confirmed
Arthur J Gallagher International has confirmed that Adrian Colosso will not return to the role of chief executive of UK retail for the company, sister title PostOnline has revealed.
Momentum targets 25 new brokers in 2012
Momentum has confirmed it signed up 23 appointed representatives (AR) in its first full year of trading and has targeted another 25 broking businesses in 2012.
Sean Quinn could face 12 year business ban in Republic
Sean Quinn’s bankruptcy declaration has been rejected by the High Court in Belfast following a challenge by the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank.
New chief for Lifestyle Services Group
Lifestyle Services Group has appointed former Combined Insurance chief, Chris Harrison, as its new CEO.
Aspen achieves chartered status
Aspen Risk Management has been awarded corporate Chartered Insurers status by the Chartered Insurance Institute.
Household market predicted to strengthen
Home insurance premiums could rise by up to 10% in 2012 according to Deloitte.
Hoban calls on insurance industry to face long term challenges
Mark Hoban MP has warned that the insurance industry must be careful to avoid becoming “absorbed by the short term challenges” it faces and be more aware of the long term difficulties.
Elite in solicitors’ PI U-turn
Elite Insurance has confirmed that it will re-enter the solicitors’ professional indemnity (PI) insurance market in 2012.
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.