News
Gallagher takes team of 21 from Oxygen
Arthur J. Gallagher International (Gallagher), has announced that it has entered into an agreement with two subsidiaries of Oxygen Holdings (Oxygen), whereby Oxygen has agreed to release a number of executives from their restrictive covenants with…
Insurance Age blog: Hastening towards Richard Branson
So Andy Haste is leaving RSA huh, but what has that got to do with olives?
Groupama calls for major market correction as commercial revenues drop
Groupama has revealed a 34% increase in profits before tax and amorisation to £18.5m (H1 2010: £13.7m) for its combined UK operations in the first six months of 2011.
GWP growth at Allianz UK
Allianz Group has reported a 4.5% increase in its UK gross written premiums to €533m (£464.5m) in the first six months of 2011, up from €528m in the same period of 2010.
RBS Insurance suffers 103% COR but profits soar
RBS Insurance’s results for the first six months of 2011 have revealed an operating profit of £206m, compared with the £253m half-year loss the insurer announced in 2010.
Purple’s Brewin sets 80 member target in Network Spotlight
Les Brewin, managing director of Purple Partnership, confirms that he expects to grow the current 55 member level to 80 over the next 18 months in day four of Network Spotlight.
Oval restructure leads to three new board appointments
Executive board members at Oval have moved quickly to explain the firm’s ongoing restructuring process amid suggestions that former group managing director Jeff Herdman has been demoted.
Ageas to be grilled by IIB over Toba changes
The Institute of Insurance Brokers (IIB) is to hold discussions with Ageas in response to member complaints over recent amendments the insurer has made to its terms of business agreements (Tobas).
Broker Direct to offload three brokers to Swinton
Broker Direct is to sell three brokers to Swinton Commercial, Insurance Age understands.
Brokers will see more of new RSA chief
Adrian Brown has predicted that brokers will see more of Andy Haste’s successor than they see of the current chief executive.
McMillan wants clear water between Aviva and competition
Mr McMillan said he wanted to make it clear to brokers that the Aviva was absolutely open for business.
Simplyhealth reveals aim to grow further following Groupama deal
Simplyhealth has revealed plans to grow its market share to 10% after the purchase of Groupama Healthcare.
Axa points to referral fees to explain continued rise in costs
Axa UK has reported an improved combined ratio for the first half of 2011 but is still at a break even point of 100% while the total UK and Ireland property and casualty revenues came in at £2bn.
Aviva to grow motor book as profits and premiums rise
Aviva’s half year results for UK general insurance have revealed an operating profit of £242m, up 6% (H12010: £229m).
RSA UK's personal lines performance takes up commercial lines slack
RSA UK has reported a 7% increase in premiums to over £1.5bn and has improved its combined operating ratio (COR) slightly to 98.5%.
Denney unveils Marsh Probroker’s membership numbers, in Network Spotlight day three
Martyn Denney, head of networks at Marsh Probroker, has revealed that it has a current membership of 12 with four more signed up ready to go live in his interview for Network Spotlight.
RSA's chief executive to leave the company
RSA’s group chief executive, Andy Haste, is to leave the company by the end of the year.
Biba healthcare group founder resigns, labelling it a toothless tiger
The British Insurance Brokers’ Association (Biba) healthcare focus group has been dealt a further blow with the resignation of one of its founder members.
Groupama sells healthcare arm to Simplyhealth
Simplyhealth has today announced that it has reached an agreement to purchase the UK healthcare business of Groupama Insurances, subject to the required regulatory approvals.
Broker Network circles Our Network members following Willis deal
Broker Network has opened itself up to membership enquiries from Our Network members following the news that the Broker Direct-owned network had struck a deal with Willis Networks to transfer membership.
Giles weighs in with cash offer for CBG
Giles Insurance Brokers has made a £5.1m cash offer for CBG Group.
Amlin profit warning concerns analysts
Amlin has released a profit warning, lowering the half-year result after tax by £53m.
Dooley leaves Arista
Paul Dooley has confirmed his resignation from commercial underwriting agency Arista Insurance, Insurance Age's sister title Post has revealed.
Bluefin appoints sport specialist
Bluefin Insurance Services has appointed Richard Cliffe as divisional director of Bluefin Sport.