News
Which? hits out at claims management companies over PPI
Which? has slammed claims management companies (CMCs) for providing “all too common” misleading advice, unfair contract terms and a lack of transparency about fees after an investigation into payment protection insurance (PPI).
FSA refuses to refund FSCS levy to exempted firm
The Financial Services Authority (FSA) has declined to refund a regulated firm a portion of its FSCS levies after the firm discovered it should have been exempt from the payment.
Mazars responds to Lloyd’s results
Mazars has described the £697m half year loss by Lloyd’s as a good result having predicted a £1.5bn loss and combined operation ratio of over 120% for the specialist insurance market.
Lloyd’s losses hit £697m
Lloyd’s has revealed a loss of £697m for the first six months of 2011 compared to a profit of £628m in the same period of 2010.
Andy Homer to become Biba chairman
The British Insurance Brokers’ Association (Biba) has appointed Andy Homer as its new chairman, replacing Patrick Smith.
Jelf director heads for Giles
Giles Insurance Brokers has appointed Andy Tedstone as group development director within the senior management team joining from Jelf where he was partnerships director.
New legal counsel for RBSI
RBS Insurance (RBSI) has announced the appointment of Humphrey Tomlinson as general counsel and company secretary.
RSA appoints new head of group legal
RSA has announced the promotion of Charlotte Heiss to head of group legal at its Group Corporate Centre.
Lloyd's underwriter moves to replace capacity
Glemham Underwriting has secured new capacity five months after it parted ways with previous provider, Barbican.
XL looks to Axa and Zurich to broaden middle market appetite
XL Insurance has broadened its appetite in the mid market space by opening up its offering to business with a turnover of between £25m-£250m.
Biba appoints new LMRC chairman
The British Insurance Brokers’ Association (Biba) has appointed Tim Coles as the new chairman of its London Market Region Committee (LMRC).
UKGI compliance membership approaches 400
UKGI has signed up ten new members, including both established and start up general insurance brokers, in its push for growth.
Liberty Syndicates appoints new chairman
Lloyd's managing agent Liberty Syndicates has appointed Keith Nicholson as non-executive chairman replacing the retiring Brian Fitzgerald.
Mazars predicts £1.5bn loss at Lloyd’s
Accountancy firm Mazar’s has warned that 2011 is on course to be the most expensive catastrophe year on record and that Lloyd’s combined operating ratio is set to exceed 120% for the first half of the year.
FSA spending longer on permission extensions
The length of time it takes the Financial Services Authority (FSA) to grant financial services firms permission to expand their businesses has increased by another 10% in the last year, according to a City law firm.
Judge accuses RSA firm of fabricating repair costs
RSA has been accused by a county court judge of artificially inflating repair costs charged to other insurers.
Pair jailed for £2m 'crash for cash' scam
Two brothers who benefited by almost £1m each from 'crash for cash' scams have been jailed for a combined period of 11 years.
NBJ expands lines in wholesale business drive
NBJ UK has launched a revamped London Markets division aimed at expanding and diversifying its wholesale business.
Marsh reveals new COO
Insurance broking giant Marsh has appointed Bill Pieroni to the role of chief operating officer.
Oxford Insurance Brokers expands in London
Oxford Insurance Brokers (OIB) has announced the transfer of the Alwen Hough Johnson special lines team and portfolio of business to its London office.
Jubilee expands underwriting capabilities
Jubilee has expanded its affinity and special risks team with the appointment of Philip Pearce as underwriter.
Broker Expo South: FCA a “more dangerous and unpredictable animal”
Delegates at the inaugural Broker Expo South event have been warned that the new regulator will be a more dangerous and unpredictable animal and that brokers should prepare themselves for more intrusion.
Broker Expo South: Brokers learn about diversification
Delegates at Insurance Age’s inaugural Broker Expo South heard from Roger Oldham, managing director of Amethyst Business Consulting, as he explained the opportunities and dangers to brokers looking to expand their businesses through diversification.
Willis Argentina names new CEO
Willis has appointed Seth Peller CEO of Willis Argentina with immediate effect.