News
Axa confirms Maidstone branch leader
Axa Commercial Lines has promoted Paul Wouldham to branch sales manager to lead the team at its Maidstone branch which opens on 4 April.
Lloyd's losses expected to approach £1bn as catastrophes bite
Lloyd’s is expected to report a near-£1bn loss in 2011 as the Japanese tsunami and Australian floods take their toll on the market.
Aviva raids RSA for new underwriting chief in personal and commercial lines shake-up
Aviva has appointed new heads of underwriting for both personal and commercial lines.
Ex-Argyll chief joins Ataraxia
Ataraxia has appointed Kevin Young to its board of directors.
Ex-Aviva FD confirmed as Direct Line chairman
Royal Bank of Scotland has appointed Mike Biggs as chairman of Direct Line Group.
Sentiment Survey approaches second week
Brokers have just one week left to share their opinions on insurer service and be in with a chance of winning a Kindle.
Brightside posts record results for ninth consecutive year
Brightside Group has reported an almost 35% increase in profit, to £13.6m in 2011 from £10.1m in 2010
Credit insurers better placed than 2008, says Moody’s
Moody’s has described credit insurers as “more resilient to losses than in the 2008 crisis”, but warned that there were still potential problems.
UK Broker Summit 2012: Budget is good news for brokers
Chancellor George Osborne’s budget, delivered yesterday, is “good news” for the insurance industry, according to Stephen Archer of Spring Partnerships.
FSA vows to maintain intensive supervision in final year
The Financial Services Authority (FSA) has vowed to maintain its policy of intensive supervision and will continue to implement European regulatory directives as it releases its final business plan before it is disbanded.
Aviva reveals cost of recruiting UK CEO
Trevor Matthews, UK CEO at Aviva, received £2.49m in cash and shares from Aviva as part of his compensation package for leaving Friends Life, the insurer has revealed in its Report and Accounts for 2011.
RSA appoints trading director in SME push
RSA has appointed David Swigciski as SME trading director reporting to SME commercial director Tara Kneafsey as of April this year.
Allanfield appoints from Gallagher Heath and H W Wood
Specialist real estate insurance broker Allanfield Group has appointed Paul Williams and Paul Leader as managing directors.
Budget reforms 'strongly welcomed' by ABI
The Association of British Insurers (ABI) has welcomed many of the changes revealed in today’s budget, despite the fact they will have little direct impact on the insurance industry.
CNA reaches agreement with Hardy board to acquire the business
US insurer CNA has acquired Hardy Underwriting for £143m in cash.
New AMII chairman vows to work with Biba
The Association of Medical Insurance Intermediaries (AMII) has appointed Wayne Pontin of Jelf as its new chairman.
Mondial Assistance in partnership with luxury travel company
Mondial Assistance has struck a deal to sell travel insurance via Voyage Privé’s website.
Ex-Aviva chief lined-up to chair Direct Line flotation
Mike Biggs, former finance director at Aviva and current chairman of life assurance consolidation group Resolution, has been offered the chairmanship role at Direct line, a series of newspapers have reported.
Incisive Media's Budget Day Live
Incisive Media’s impressive range of brands serving the financial services sector is collaborating from 3pm onwards today to bring you analysis of and reaction to George Osborne’s Budget Statement.
Ecclesiastical posts losses for 2011
Ecclesiastical has reported a pre-tax group loss of £7.7m for 2011, compared with £50.4m profit in 2010.
Barbican acquires PI Protect
Barbican Group has bought Manchester-based managing general agency Professional Indemnity Protect.
Besso targets acquisitions after share buy-back
The management of Besso Insurance Group have bought 15% of the business in a £1.1m deal ahead of an acquisition drive of specialist firms and broker teams.
iprism partners with Durell to launch broker back office system
iprism and Durell Software have joined forces to launch a combined electronic trading and back office platform for brokers.
Sarah Lyons "on leave" from Giles
Sarah Lyons, group managing director of Giles Insurance Brokers, has left the company and is in the process of addressing "certain contractual issues”.