News
Straw slams CMC “parasites” and near criminal activity
Jack Straw MP has attacked claims management companies (CMCs) and credit hire firms as “parasites in the system” in his evidence to the Transport Select Committee’s investigation into the cost of motor insurance.
ABI warns Transport Select Committee
The Association of British Insurers (ABI) has warned that “not for the first time” the Transport Select Committee risked “missing the point” about motor insurance as it re-opened its inquiry.
Survey finds 96% of young drivers feel priced off the road
Research by Young Marmalade has revealed that 96% of young drivers think they are being priced off the road because of high motor insurance premiums.
Ex-Thistle CEO joins GB Underwriting
GB Underwriting has appointed James Gerry as chairman.
Deacon aims for growth with two new managers
Deacon has appointed two new managers for marketing and business sales respectively.
UK Broker Conference 2011: leaders need a long-term perspective
Brokers need to focus on their value proposition, have a long-term perspective and refuse to accept the status quo, if they are to be industry leaders, according to Aon's Lambros Lambrou.
UK Broker Conference 2011: Hilton upbeat on UK prospects, especially for SMEs
Anthony Hilton, financial editor of the London Evening Standard, told delegates at the inaugural UK Broker Conference that recessions were much worse in the 1970s and that he believed the UK’s economy would improve in 2012.
Groupama targets cleaners
Groupama Insurances has unveiled Exclusively Cleaning as the latest addition to its ‘Exclusively’ range of specialist commercial products.
Mageean signs up with Broker Network and Countrywide
Bernard Mageean has been appointed as director of insurer relations at Broker Network and Countrywide.
Aviva Ireland jobs set to be outsourced
Around 600 jobs at Aviva Ireland are expected to be cut and transferred to the insurance company’s UK operation, while around 400 more are likely to be outsourced.
Personal injury lawyer welcomes referral fee ban
A personal injury solicitor has broken ranks with his peers to welcome Government moves to ban referral fees in insurance cases.
Brit CEO to step down
Brit chief executive Dane Douetil is to step down to make way for Mark Cloutier as part of a board shake up.
Banking changes may hinder lending to SMEs
The implementation of the Basel 3 regulatory framework will dramatically hinder retail bank lending to SMEs, according to the European Savings Banks Group (ESBG).
Plum plucks senior underwriter from Brit
Plum Underwriting has appointed Paul Evans to the position of senior underwriter with immediate effect.
Insurers most insulated against eurozone default
Ernst & Young (E&Y) has claimed that insurers are in the best position of all financial services firms to manage the consequences of a eurozone debt default.
Besso hires new non-exec director
Independent Lloyd’s broker Besso Insurance Group has appointed Tony Hulse as non-executive director.
More QE to help 'worst financial crisis ever'
Mervyn King, governor of the Bank of England, has dubbed the current financial crisis the worst the UK has ever seen.
Thatcham to invest in vehicle safety research
Thatcham has announced it is to invest in vehicle-based research in an attempt to mitigate rising motor insurance claims costs.
Aviva makes senior underwriting appointments
Aviva has made four senior appointments to its underwriting, pricing and products team.
Even FSA staff in the dark over regulatory changes
Staff at the Financial Services Authority (FSA) are being left in the dark over the imminent changes to the regulatory system.
Quinn sale to Liberty Mutual and Anglo Irish Bank approved
The High Court has approved the sale of Quinn Insurance to a joint venture of US insurer Liberty Mutual and Anglo Irish Bank.
Arag appoints new business development executive
Arag has appointed Adam Furniss as business development executive in the North of England, also covering Scotland and Northern Ireland.
Axa adds to independent development team
Axa Personal Lines has appointed Mike Worne as a new independent partner development executive.
Barbican appoints Questgates
Barbican Insurance Group has appointed Questgates to provide liability adjusting services.