News
Lloyd's underwriter moves to replace capacity
Glemham Underwriting has secured new capacity five months after it parted ways with previous provider, Barbican.
XL looks to Axa and Zurich to broaden middle market appetite
XL Insurance has broadened its appetite in the mid market space by opening up its offering to business with a turnover of between £25m-£250m.
Biba appoints new LMRC chairman
The British Insurance Brokers’ Association (Biba) has appointed Tim Coles as the new chairman of its London Market Region Committee (LMRC).
UKGI compliance membership approaches 400
UKGI has signed up ten new members, including both established and start up general insurance brokers, in its push for growth.
Liberty Syndicates appoints new chairman
Lloyd's managing agent Liberty Syndicates has appointed Keith Nicholson as non-executive chairman replacing the retiring Brian Fitzgerald.
Mazars predicts £1.5bn loss at Lloyd’s
Accountancy firm Mazar’s has warned that 2011 is on course to be the most expensive catastrophe year on record and that Lloyd’s combined operating ratio is set to exceed 120% for the first half of the year.
FSA spending longer on permission extensions
The length of time it takes the Financial Services Authority (FSA) to grant financial services firms permission to expand their businesses has increased by another 10% in the last year, according to a City law firm.
Judge accuses RSA firm of fabricating repair costs
RSA has been accused by a county court judge of artificially inflating repair costs charged to other insurers.
Pair jailed for £2m 'crash for cash' scam
Two brothers who benefited by almost £1m each from 'crash for cash' scams have been jailed for a combined period of 11 years.
NBJ expands lines in wholesale business drive
NBJ UK has launched a revamped London Markets division aimed at expanding and diversifying its wholesale business.
Marsh reveals new COO
Insurance broking giant Marsh has appointed Bill Pieroni to the role of chief operating officer.
Oxford Insurance Brokers expands in London
Oxford Insurance Brokers (OIB) has announced the transfer of the Alwen Hough Johnson special lines team and portfolio of business to its London office.
Jubilee expands underwriting capabilities
Jubilee has expanded its affinity and special risks team with the appointment of Philip Pearce as underwriter.
Broker Expo South: FCA a “more dangerous and unpredictable animal”
Delegates at the inaugural Broker Expo South event have been warned that the new regulator will be a more dangerous and unpredictable animal and that brokers should prepare themselves for more intrusion.
Broker Expo South: Brokers learn about diversification
Delegates at Insurance Age’s inaugural Broker Expo South heard from Roger Oldham, managing director of Amethyst Business Consulting, as he explained the opportunities and dangers to brokers looking to expand their businesses through diversification.
Willis Argentina names new CEO
Willis has appointed Seth Peller CEO of Willis Argentina with immediate effect.
Brightside’s H1 pre-tax profit up 80%
Broking group Brightside has reported half-year revenue up 50% to £39.8m (2010: £26.6m) and pre-tax profit up 80% to £7.2m (2010: £4.0m) on the back of its buyout of Ecar and Ebike.
Jardine Matheson increases JLT stake
Broker Jardine Lloyd Thompson has said its London-listed, Bermuda registered, Chinese founded backer Jardine Matheson is to take an extra 10% of the company for £166.27m.
Claims rise as landlords cut maintenance budgets
The proportion of claims made for avoidable incidents such as leaks, burst pipes, frost damage and general wear and tear has increased by 5% since 2008 as tight budgets hit property maintenance by landlords.
Video: how to use SEO effectively
As part of a special 13th edition, dedicated to digital marketing in the broking sector, Insurance Age has spoken to a number of experts about various aspects of the digital, business world.
Medical experts challenge Straw to defend whiplash claim
A group of medical experts has claimed that Jack Straw MP’s comments made on 13 September in the House of Commons presented an unfair generalisation of the independent medical sector.
Sentiment Survey enters final week
Time is running out for brokers to share their thoughts on the insurance market and win a Kindle in the second Sentiment Survey in 2011 of brokers.
Insurance Age blog: So long, farewell, auf wiedersehen, goodbye
As it is my last day as senior reporter at Insurance Age it is quite right that I write a goodbye blog to commemorate the two years and two months I have spent here.
Adding1 puts mainland push on backburner
Jersey-based Adding1 has delayed plans to open offices on the UK mainland by 12 months.