News
Confused.com advert banned by ASA
The Advertising Standards Authority (ASA) has ruled that confused.com’s adverts stating “18 million strong”, later amended to 20 million, were misleading.
Former Confused.com chief returns with new aggregator model
A new Covea-backed aggregator, due to hit the market early next year, is to be headed up by former Confused.com and Tesco Compare chief, Debra Williams.
Top three in motor a possibility for LV, says O'Roarke
Managing director of LV's general insurance business, John O'Roarke, has revealed the insurer's ambition to reach £1.4bn gross written premium by the end of 2011.
New quarterly FOS data indicates PPI complaints set to double
The Financial Ombudsman Service’s (FOS) data for the first quarter of the financial year 2011/2012 has revealed that it received over 81,000 complaints – more than double the number received in the same period last year.
Rural makes further appointments to push for growth across UK
As part of its ambitions to be a top five player in the agricultural market, Rural Insurance has hired two new senior managers to cover Scotland and Northern Ireland.
LV's COR down as broker channel grows
LV's half year results have seen the mutual insurer's combined operating ratio (COR) drop below 100 to 98.1%.
UK firms feel FSA scrutiny puts them at a disadvantage
The Financial Services Authority’s (FSA) post-crisis clampdown may be harming the UK’s international competitiveness, according to research among senior financial services executives.
Davey on insurer relationships in day two of Network Spotlight
In the second instalment of the 12 day Network Spotlight series, Jonathan Davey, managing director of Keychoice Distribution questions whether more brokers are outside networks than in.
Charles Earle hits back at Arista capacity rumours
Arista chief executive Charles Earle has hit back at industry rumours claiming the insurer is being forced out of the motor trade market.
Chartis raids rivals to build core London team
Barry Taylor joins Chartis Insurance UK from Chubb and John Montgomery arrives from Brit.
Network spotlight series
Insurance Age has interviewed the leaders of the networks to ask them why there are more brokers outside networks than in and what steps they have taken to help members in the past year.
Further law firms announce merger plans
The partners of Clyde & Co and Barlow Lyde & Gilbert (BLG) have voted for a merger between the two law firms.
NMJ doubles in size with Broker Direct purchase
NMJ Insurance Brokers has acquired Barry Fenton Insurance from Broker Direct as a result of the latter’s plan to focus on its core business.
Houghton predicts reduction in networks, as Network Spotlight kicks off
Nick Houghton, managing director of Broker Network, faces the camera for Network Spotlight, and predicts 70 new members in 2011.
Insurer claims industry first with mobile payment cover
Insurance2go.co.uk has said its policy covering mobile phone payment technology fraud is the first of its kind.
Hiscox slumps to half year losses but UK prospers
Hiscox Group has reported a pre-tax loss of £85.6m for the first six months of 2011, in the comparable period of 2010 it made £97.2m in profit.
Quinn issues mass refund after overcharging customers
Quinn has had to refund 20,500 customers after it failed to give them an agreed discount.
JLT not for sale, blasts Burke
Dominic Burke, chief executive officer at JLT, has moved to quash market rumours that JLT could be purchased, by anyone.
Burke predicts interim profits at Thistle in 2012
Chief executive of JLT, Dominic Burke, has predicted that Thistle Insurance will beat its 2010 full year trading profit of £4.8m this year.
Willis Networks in member deal with Our Network
Willis Networks and the Broker Direct-owned Our Network have announced a partnership that will give Our Network members access to products and services of Willis’ N² proposition.
Demand for niche car insurance add-ons is growing, says survey
One in five (21%) of Britons looking to buy a car in the next 12 months will also purchase GAP insurance cover, according to Mapfre Assistance.
Insurance Age blog: Brokers as moths
Brokers often get a bum rap from the public. For years the public have been told that brokers are merely a middle man that adds cost to the insurance process and customers would do well to 'cut them out'.
MCE Enterprise unveils managing director
MCE Enterprise, a subsidiary of motorcycle broker MCE, has appointed Nick Elliman as managing director.
MGAA to launch in September
The Managing General Agents’ Association (MGAA) has confirmed that it is to officially launch on 1 September.