News
MGAA continues with recruitment drive
The chairman of the Managing General Agents’ Association (MGAA) steering committee has vowed to continue recruiting members following the association’s launch last week.
Referral fee ban could be catastrophic for brokers
Industry experts have warned that brokers reliant on an income stream from referral fees could find the government’s ban disastrous for their business.
Legal profession slams referral fee ban
The legal profession has claimed access to justice will suffer with the banning of referral fees.
Dual looks to Chartis for senior hire
Dual Corporate Risks has appointed Paul Russell as director and senior underwriter of its financial institutions arm DCR FI.
Insurers call for full implementation of Jackson
While Zurich and Aviva have welcomed the move to ban referral fees, both insurers said it needed to be part of a wider set of reforms.
ABI demands clean up of compensation system
The Association of British Insurers (ABI) has made an urgent call for the reform of the compensation system.
Insurers see referral fee ban as important first step
The Association of British Insurers (ABI)and Axa have welcomed the government’s announcement that they will ban the selling on of personal injury details for referral fees.
Ban on referral fees is not the only answer says Biba
The British Insurance Brokers’ Association (Biba) has voiced strong concerns about the government's announcement of a ban on referral fees for the selling on of personal injury details.
Government to ban referral fees
The government has pledged to ban the use of referral fees as part of what it calls its commitment to curb compensation culture.
Biba questions duplication in OFT inquiry
The British Insurance Brokers’ Association (Biba) has welcomed the announcement of an Office of Fair Trading (OFT) inquiry, particularly regarding comparison sites, but added it did risk going over old ground.
Biba demands permanent 42 day notice period for riot claims
The British Insurance Brokers’ Association (Biba) has called on the government to change the Riot Damages Act notification period permanently from 14 to 42 days.
ABI keen to engage with OFT motor inquiry
The Association of British Insurers (ABI) has described the Office of Fair Trading’s (OFT) announcement of an inquiry into the cost of motor insurance as an opportunity to highlight the increasing cost pressures insurers’ face.
Video: how to make your website work for you
As part of a special 13th edition, dedicated to digital marketing in the broking sector, Insurance Age has spoken to a number of experts about various aspects of the digital, business world.
Europe clears Liberty Mutual’s Quinn Insurance takeover
The European Commission has granted clearance, under the EU Merger Regulation, for the acquisition of the general insurance business in Ireland of Quinn Insurance by US insurer Liberty Mutual.
Private equity hungry for insurance investment
More than two thirds (68%) of private equity houses plan to invest in the UK financial services market in the coming year, particularly in insurance and banking, according to a Grant Thornton report.
IIB turns the screw on regulator
The Institute of Insurance Brokers (IIB) has called for “fundamental regime changes” in regulation.
Motor market faces OFT investigation
The Office of Fair Trading (OFT) has launched an investigation into the private motor market following the sharp increase in premiums over the last 12 months.
IIL links up with CDL to fight fraud
CDL has confirmed that it is working with data provider Insurance Initiatives Limited (IIL) to launch an enriched data service, designed to aid accurate policy pricing by verifying consumer data.
Another insurer throws its hat into solicitors' PI market
Apro Management is the latest insurer to enter the solicitors' professional indemnity (PI) market.
SRA slams suggestions it is responsible for ABS delay
The Solicitors Regulation Authority (SRA) has hit out at the assertion that it was responsible for the delay in the authority becoming an approved regulator of Alternative Business Structures (ABS).
Towergate and Confused.com in SME tie-up
Towergate Insurance has announced that it is to become the sole provider of business insurance for price comparison site Confused.com.
Results improve at Coface
Trade credit insurer Coface has announced an 8% increase in turnover to €764m (£672m) in the first half of 2011 (H1 2010: €708m).
HSB Engineering lifts Mitsui chief for underwriting role
HSB Engineering Insurance has appointed Andy Kane as chief underwriting officer (CUO).
Aviva could be vulnerable to Zurich bid
Following a dive in its share value, Aviva could be exposed to a takeover bid from rival insurer Zurich, reports suggest.