News
IIB calls for FSCS review after 900% levy increase
The Institute of Insurance Brokers (IIB) has presented research to the All Party Parliamentary Group on Insurance and Financial Services (APPGIFS) showing that brokers with an income of £500,000, £1m or £5m have seen their Financial Services Compensation…
Jonathan Swift elected co-ordinator of insurance’s APPG
At the annual general meeting of the All Party Parliamentary Group on Insurance and Financial Services (APPGIFS), Jonathan Swift, group editor-in-chief of Insurance Age and sister title Post, was elected as the APPGIFS’ co-ordinator.
Banks to offload 10% of Brightside holding
Arron Banks, chief executive officer of Bristol-based Brightside Group, is to sell 10% of his share holding and grant security to an unconnected third party of nearly eight million ordinary shares in the company, it has been announced.
SMEs still gripped by fear of going bust as confidence nosedives
Many SMEs face going bust in the coming months if trading conditions don’t improve, according to a new study.
Biba slams Zurich Municipal over anti-broker marketing
The British Insurance Brokers’ Association (Biba) has hit out at Zurich over the content of a Zurich Municipal advert urging customers to “cut out the middle man”.
Heath Lambert loses two in Scotland to rival
Towergate Scotland has made two appointments to its Edinburgh-based broking team as it looks to grow its presence in the Scottish capital.
Axa commits to rewarding Chartered brokers
Chartered brokers could begin to reap commercial benefits for their status as Axa Commercial Lines rolls out an initiative to reward such brokers with “a range of unique benefits”.
Higos makes latest acquisition
Higos Insurance Services has acquired Vaughan Insurance Brokers in the Somerset market town of Crewkerne.
HSBC Insurance (UK) sold for £68.5m
HSBC Insurance Services Holdings has agreed to sell HSBC Insurance (UK) to Syndicate Holding for £68.5m in cash.
Video: What the Papers Say - latest edition
Insurance Age senior reporter Emmanuel Kenning is joined by colleague Liz McMahon and director of Spotlight Communications, Lesley Russell to discuss the top insurance stories.
Slow down in car insurance price rises
The average price of a comprehensive car insurance policy rose by 2.7% in the second quarter of 2011, according to the Confused.com and Towers Watson Car Insurance Price Index.
UK Broker Awards 2011 shortlist announced
The judges deliberated long and hard but managed to whittle down the entries to these lucky few. Congratulations to all those shortlisted and best of luck on the day.
CCV buys in Lincolnshire
Cullum Capital Ventures (CCV) has announced the acquisition of Lincolnshire-based high street broker Lincsure.
CII finds replacement for Alasdair Stewart
The Chartered Insurance Institute (CII) has appointed Graeme Sutton as director of corporate development, Insurance Age can reveal.
UK insurance industry survives stress tests
The strength of the UK insurance industry has been underlined following the results of the second European insurance stress test, according to the Association of British Insurers (ABI).
Chartis names UK MD
Nicolas Aubert has been appointed managing director of Chartis Insurance UK.
Further growth at Be Wiser
Be Wiser Insurance Services has announced a sharp rise in gross premium income to £52.3m from £23.5m in 2010.
Fusion develops DAS legal expenses cover
Fusion Insurance has announced several enhancements to its legal expenses cover with its partner DAS for both clients and brokers.
SRA says ARP is working
Despite criticism from the insurance industry, the Solicitors Regulation Authority (SRA) has said its new enforcement measures for the Assigned Risks Pool (ARP), have started to show signs of success.
Insurance Age blog: NOTW closure is wake up call for brokers
Okay broker buddies, time to go for a ride in my Delorean. We've set the flux capacitor to Sunday 3 July and we are walking into the newsagent to pick up a copy of the News of the World.
Broker sets sights on professional services in growth drive
Cadogan Keelan Westall has announced it is to target professional services networks as part of what the broker describes as an aggressive growth strategy.
Swinton snaps up Westinsure broker
Swinton Group has opened its 34th commercial office with the acquisition of the Brunsdon Westinsure account.
Stackhouse Poland launches third joint venture
Guildford-based broker Stackhouse Poland has launched Stackhouse Fisher, in association with accountancy firm HW Fisher, with a commission target of £1m by 2016.
Biba confirms Peter Staddon's departure
The British Insurance Brokers’ Association (Biba) has confirmed that Peter Staddon, the association’s head of technical services, will leave his position at the end of this month.