News
RAC loses managing director
Angela Seymour-Jackson has resigned from the managing director role at RAC and will be leaving the group in January 2012 to pursue other business interests.
Groupama clings on to investment grade status as Aviva is monitored
Groupama SA has suffered a further downgrade to its credit rating as Standard & Poor’s (S&P) lowered the insurer’s status from BBB to BBB-, the final grade before junk bond status.
ABI questions Ombudsman's publishing policy
The Association of British Insurers (ABI) has questioned the Ombudsman’s policy of publishing all its decisions.
Canopius appoints new UK chief
Canopius Group has appointed a new group chief executive responsible for the UK business.
Powerplace director put on gardening leave
Powerplace and its sales and marketing director have parted company, Insurance Age can reveal.
Biba throws weight behind OFT motor investigation
The British Insurance Brokers’ Association (Biba) has added its support to the Office of Fair Trading’s (OFT) investigation into credit hire and vehicle repair.
Three new directors for MGAA
The Managing General Agents Association (MGAA) has appointed three new directors to its board.
Finances improving at Oval despite £3m loss
The Oval Group is still making a loss but has improved its position on last year, according to the latest set of results.
Groupama claims financial strength boost with sales
Groupama SA is to sell its share in real estate company Silic to government owned finance organisation Caisse des Dépôts (CDC) who will also be making a €300m (£251.9m) investment in the French insurer.
ABI welcomes launch of OFT motor investigation
The Association of British Insurers (ABI) has responded to the news of a further investigation into the UK motor market by insisting that insurers were committed to providing the best possible deal for customers.
Marsh unveils Norwich leader
Marsh has appointed Keith Fenwick to lead the broker's Norwich office, its largest UK branch outside of London.
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.