News
Bodily injury claims starting to impact, admits Admiral’s Engelhardt
Chief executive officer at Admiral, Henry Engelhardt, has revealed that bodily injury claims have started to noticeably affect the insurer in the past year.
SRA to crackdown on ARP
The Solicitors Regulation Authority (SRA) has claimed it is taking strong enforcement measures against firms in the Assigned Risks Pool (ARP) insurance scheme that are failing to pay their premiums.
Admiral sees profit boost beyond analyst expectation
Admiral’s half year results for 2011 have revealed a 27% boost in pre-tax profit ahead of H1 2010 to £160.6m with turnover jumping 53% to £1.1bn.
Ageas increases profit four fold in first half of the year
Ageas has delivered a remarkable turnaround in its profits for the first half of the year but its combined ratio remains stubbornly above 100%.
Towergate Perth makes corporate push with Giles hire
Towergate Insurance in Perth has snapped up a corporate specialist from rival broker Giles.
Oxygen develops niche home insurance scheme
Oxygen Insurance Brokers has launched a home insurance scheme offering tailored insurance cover for psychological professionals in the UK who see clients at home.
Towergate reveals 11 regional MDs
Towergate Retail has unveiled the area managing directors who will represent the new broking division under managing director, Dave Partington.
Chubb loses HNW duo to Zurich
Zurich has appointed Lennox Bunting and Alan Gorman to its Private Clients’ new London team.
Elite makes London recruitment to develop ATE business
Elite Insurance has announced the appointment of Mike Payne as general manager of its London office with a remit to grow the company’s after the event (ATE) insurance business.
Insurers' tax contribution greater than entire Home Office budget
The insurance industry made a total contribution of £10.4bn to the Exchequer a report from the Association of British Insurers (ABI) and PWC has revealed.
FSA threatens action against small brokers over add-ons
Small brokers are not treating their customers fairly and are not even sure whether they are conducting an advised or non-advised sale when selling add-ons according to a report from the regulator.
RBS to contend with limited appetite for insurance sell off
It is unlikely that RBS Group will be able to fetch a good price for its insurance arm, according to financial experts.
Simply Business partners with Moneysupermarket
Simply Business has announced it is providing a small business insurance service on Moneysupermarket.com.
FSA sharpens teeth in advance of new powers of intervention
More financial services businesses are being forced to amend or withdraw advertising material following intervention by the Financial Services Authority (FSA) as it clamps down on misleading adverts, Reynolds Porter Chamberlain (RPC) has claimed.
Prime Professions wins PI contract in problem area
Prime Professions has won the contract to manage the Council for Licensed Conveyancers’ (CLC) Master Policy Scheme from fellow broker CJ Coleman.
Analysts predict a profit surge for Admiral
Admiral is expected to report an increase in revenue and pre-tax profits when it posts half year results on Wednesday, according to reports.
Amlin suffers heavy half year loss
Amlin has announced a loss of £192.3m for the first six months of 2011 (£107.6m profit: 2010) as a result of "unprecedented" catastrophe claims.
New combined product for motor trade market
MMA Insurance has expanded its motor trade range of products with the introduction of a combined offering.
Insurance Age blog: Why broker is best ...
I've got a confession to make. It's got nothing to do with phone hacking or corrupting police officers but nonetheless it is a pretty shameful admission for the editor of an insurance title to make.
Quinn Insurance sale facing October court date
The Irish Independent has reported that policyholders will have the chance to raise any objections to the sale of Quinn Insurance at a court hearing on 4 October.
Confidence in insurance sector drops as losses, regulation and soft market bite
The latest ICAEW/Grant Thornton UK Business Confidence Monitor (BCM) has revealed that a year of catastrophic losses, on-going soft pricing and regulatory uncertainty has hit confidence in the insurance sector hard.
Collinson Insurance moves to grow wholesale division
Collinson Insurance Group has announced the appointment of Steve Scott as wholesale sales and strategy director as it seeks to expand its wholesale division.
Profits down in QBE’s European operations
QBE has revealed a significant drop in European insurance profits to £123m for the first half of 2011 compared to £146m for the same period of 2010.
Insurers must simplify product info, says Unum
Income protection provider Unum has called on the insurance industry to simplify its customer product information.