News
NIG plans to expand property owners portfolio
NIG has announced plans for an additional property owners product aimed at smaller risks following the first year of trading for its premier property owners product.
Towergate appoints former Giles MD
Towergate Insurance in Scotland has appointed former Giles man Gordon Crosbie as managing director for its Perth and Stirling businesses.
Admiral to keep referral fees
Chief executive officer of Admiral, Henry Engelhardt has defended the insurer’s stance on referral fees stating “We're not doing anything that I would not tell my mother about.”
Farmweb seeks to grow market share with senior hire
David Harrison has been appointed area underwriting manager for Gloucester based Farmweb with immediate effect.
Axa launches on Powerplace
Axa Commercial Lines has launched its tradesmen and professional liability products on Powerplace.
Autonet creates senior compliance role to support growth
Autonet Insurance Group has appointed Jenny Devaney to its board in the new role of compliance director.
Sean Quinn returns with offshore insurance vehicle
Reports in the Irish press claim that Sean Quinn has acquired a Malta-based insurance licence.
Up to 50 redundancies announced at Crawford
Crawford & Company has confirmed that following a business review it expected to make up to 50 roles redundant across central support services and Crawford General Insurance.
Post Europe relaunches with dedicated site as Insurance Insight
Post’s European coverage has launched with its own dedicated website, Insurance Insight, which aims to be a one-stop-shop for European insurance news.
Beachcroft and Davies Arnold Cooper merge
Insurance law firms, Beachcroft and Davies Arnold Cooper (DAC), have confirmed that they will merge.
Insurance Age blog: TDF - the greatest show on Earth
What if the market never hardens? What if this really is the “new normal”, would that really be so bad I wonder?
Gallagher's bid for Oxygen is one of many
Gallagher International is just one of the potential suitors to have approached fellow London market broker Oxygen, Insurance Age understands.
Lawyers issue warnings after Willis’ record £6.9m fine
Following Willis’ record £6.9m anti-bribery fine from the Financial Services Authority (FSA), the legal profession has warned insurance brokers on the need to have and implement relevant policies and procedures.
Aviva's rising share price sparks bid rumours
Aviva’s leap up the blue-chip index has ignited further market speculation that at least two insurers could be mulling over a possible approach worth 575p a share valuing the insurer at £14.8bn.
Aviva’s Matthews appointed to government commission
Trevor Matthews, chief executive officer for Aviva UK has been appointed to the Department for Business, Innovation and Skill’s UK Commission for Employment and Skills.
Willis responds to record £6.9m FSA fine
Insurance broking giant Willis has responded to the Financial Services Authority's (FSA) record breaking £6.895m fine to its subsidiary Willis Limited flagging up that it had been swift to engage with the regulator on the matter.
FSA hits Willis with record anti-bribery fine
The Financial Services Authority (FSA) has fined Willis £6.895m for failings in its anti-bribery and corruption systems and controls.
NFU Mutual snaps up Channel Island broker
NFU Mutual has confirmed that subsidiary company, Islands Insurance, has acquired Reed Insurance Associates (Reeds) in the Channel Islands.
NIG unveils dedicated broker microsite in contractors push
NIG has announced a focus on increasing its contractors business book by offering improved cover levels along with a dedicated broker microsite.
ABS deadline delayed
The 6 October deadline for licensing alternative business structures (ABS) has been delayed until 2012 Insurance Age’s sister title Post has revealed.
NIG appoints senior BDM from Aviva
NIG has appointed Stewart McConachie as senior business development manager from Aviva with a remit to boost its broker-only business opportunities and product development.
UK motor grows 10% as Gibraltar overtakes Lloyd's
Ernst & Young has reported that the UK motor market grew by 10% in terms of gross written premium in 2010 to £13.4bn with growth in Gibraltar based insurers making it bigger than Lloyd’s.
Giles outlines provisional offer for CBG
Giles Insurance Brokers has responded to CBG’s confirmation of its approach with a possible offer at a price of 32p per share in cash for the entire issued and to be issued share capital of CBG.
CBG confirms Giles approach
CBG has confirmed that it has received an approach from a fellow broker which could result in an offer for the business.