News
APC seeks to grow broker base by 50%
APC has secured additional underwriting capacity from Liberty Mutual and both its existing Lloyd’s providers, Sagicor and Kiln, as part of its expansion plans for 2012.
Ace launches trade credit web portal
Ace has launched a new web portal which it claimed allowed clients to monitor and administer their trade credit policies online.
Axa survey finds SMEs pessimistic about profits
A survey of SMEs by Axa Commercial Lines has revealed that while hopes for an increase in turnover were strong expectations of profitability and plans for recruitment were less positive.
Insurer service improving, according to survey
Service from insurers in the UK is improving, according to figures released by Jelf.
Bluefin gains chartered status
Bluefin has been awarded chartered status from the Chartered Insurance Institute (CII) having completed the entry process in November last year.
Macbeth targets professions and HNW markets with new hires
Reading-based Macbeth Chartered Insurance Brokers has appointed a new head of professions and head of private clients as it looks to grow its business.
RBSI firms fined £2.17m over complaints tampering
Direct Line and Churchill have been hit with a £2.17m fine by the Financial Services Authority (FSA).
Compass points to identity theft
Compass Underwriting has launched a new identity theft product in association with LawShield and Experian.
Coface: Companies bearing the brunt of Eurozone crisis
Coface has warned that European companies face increased non-payment incidents and worsened credit risk as the crisis in the Eurozone continues.
Standard & Poor’s maintains negative outlook for insurers
Standard & Poor’s (S&P) has removed Allianz Plc, Aviva Insurance (Europe) and Axa Insurance from its Creditwatch list but confirmed it was keeping a negative outlook for insurers.
Jack Straw warns of regulatory threat facing motor insurers
Jack Straw has called on the industry, particularly insurers, to do much more to reform the private motor market or face further government intervention.
Hyperion celebrates 21% rise in revenue
Hyperion Insurance Group, has reported a 21% increase in revenue to £87m for the year ended September 2011.
Towergate goes for change with latest appointment
Towergate Insurance has appointed a group change director tasked with delivering the business’ key strategic priorities.
New PI cover for media sector
Travelers has introduced a new professional indemnity (PI) product to cover the publishing and general media sectors.
UK General secures new capacity
UK General has agreed a new capacity deal with Ecclesiastical vehicle, Ansvar.
Romero bags second director from rival Henderson
Leeds-based Romero Insurance Brokers has appointed former Henderson director Darron Brady as its new business sales director.
Cruise ship disaster costliest in maritime history
The Costa Concordia crash could be the biggest insured loss in maritime history.
PPI complaints soar by 57%
The Financial Ombudsman Services (FOS) has revealed that the number of payment protection insurance (PPI) cases it received increased to 30,301 in the final three months of 2011.
Network player pinches second broker from Oval
Oval has lost another latent defects expert to TEn network member, Building and Land Guarantees (BLG).
Video: What the Papers Say latest edition
This month Martin Friel, editor of Insurance Age, and Emmanuel Kenning Features editor, are joined by Aviva's senior media relations manager, Erik Nelson.
RSA relocates in Ipswich
RSA has opened a new site in Ipswich in a bid to increase broker access to trading staff.
Ex-Powerplace director joins Perkins Slade
Perkins Slade has named former Powerplace sales and marketing director, Darren Rowe, as managing director for corporate business.
SME confidence hits record low
Research by the Federation of Small Businesses (FSB) has revealed confidence amongst SMEs to be at the lowest level since its ‘Voice of Small Business’ Index started in 2010.
Marsh’s UK leader moves to European role
Marsh has appointed Martin South, CEO of UK and Ireland, to the newly-created role of CEO, Marsh Europe.