News
Brokers welcome trade body merger but fears remain for smaller voices
The broking community has given an overwhelming welcome to the merger of the British Insurance Brokers’ Association (Biba) and the Institute of Insurance Brokers (IIB) with only the fear of smaller brokers losing their voice raised as a potential concern.
Regulators issue draft guidance on PPI products
The Financial Services Authority (FSA) and the Office of Fair Trading (OFT) have declared they are working together to prevent the problems with payment protection insurance (PPI) happening again in a new generation of products.
Amlin takes on new mid/HNW team from Hardy
Amlin UK has announced the appointment of a new team to its mid/high net worth household account.
Video: Biba and IIB chiefs explain why they merged
In an exclusive interview with Insurance Age, Biba chief exectuive Eric Galbraith and IIB chief executive Barbara Bradshaw explain why the trade bodies have merged and what the priorities are for the new organisation.
Allianz promotes its own to build executive team
Allianz Commercial has announced two executive appointments from within the company.
Esure launches two new broker brands
Esure has launched two new broker brands as it bids to broaden its risk appetite in the motor market.
Arista builds Manchester team with in-house promotion
Arista has appointed Martin Hyde as regional underwriting manager.
Biba merges with IIB
The British Insurance Brokers’ Association (Biba) and the Institute of Insurance Brokers (IIB) have merged to provide one trade association and lobbying voice for general insurance brokers.
More change in HNW sector as RK Harrison acquires fellow broker
RK Harrison Group has had a bid to buy high net worth specialist Mercury West Associates (MWA) accepted.
Market moves: welcome home
October saw a lot of business development action with insurers chasing brokers and brokers chasing clients in the static UK economy. While there were numerous appointments across the board, as seems to have been the case throughout 2012, Scotland and the…
County unveils new consolidator
County Group has launched County Insurance Northwest with the aim of acquiring 15 brokers in the North of the UK over a five year period.
Deadline nears for Broker Expo
There is still time to sign up for Insurance Age’s 2011 Broker Expo at Coventry’s Ricoh Arena.
Homeserve suspends sales after mis-selling review
Homeserve has suspended all telephone sales and marketing following a review of its UK telephones sales operations and procedures.
Brokers missing out on untapped event market
Brokers around the UK could be taking better advantage of local event cancellation business, according to research commissioned by Beazley.
Invicta completes Fountain acquisition
Invicta Insurance Services has acquired the household and property owners’ portfolios of Fountain Insurance & Investment Services.
RBS offered £4bn for insurance division
Royal Bank of Scotland (RBS) has been offered £4bn for its insurance arm by private equity group CVC Capital Partners.
Aon reports third quarter growth
Aon has reported a 51% increase in total revenue to $2.7bn (£1.7bn) for the third quarter of 2011 compared to the same period of 2010.
Transactor restructures as profits and revenue rise
Insurance software provider Transactor Global Solutions Limited (TGSL) has announced a 24% increase in turnover to £5.2m with group pre-tax profits up 18% to £0.5m for the year ended 31 March 2011.
Lawyers warn of loophole in referral fee ban
Global law firm Kennedys has warned there is a significant loophole in the government’s proposed ban on referral fees.
Insurance Age blog: Faking your own death
A whole month since my first blog. By now of course I've gained enough expertise to rant and rave about all manner of things insurance-related, which is particularly impressive to my friends and relatives who have all recently discovered how glamorous…
FSA scrutinises banks' bundling of insurance products
The Financial Services Authority (FSA) has made a host of proposals to change the way that insurance is sold when bundled into bank accounts.
LV appoints senior underwriter from Aviva
LV has appointed Tom Maughan as a senior underwriter for its Bournemouth branch which looks after brokers in Dorset, Hampshire, West Sussex, the Isle of Wight and the Channel Islands.
Profits tumble at Aspen
Aspen Insurance Holdings has revealed a 76% fall in third quarter profits to $22.2m (£13.8m) compared to the same period of 2010 when it made $92.8m.
Ecclesiastical aims for growth in Ireland with new MD
Ecclesiastical has appointed a new managing director for its Ireland business.