News
Lorica hires for growth
Lorica Insurance Brokers has announced a number of new hires across its UK branch network.
IUA claims first in measuring London company market
The London company market is worth at least £12.6bn net of commission - £16.4bn including commission - according to the International Underwriting Association (IUA).
Solicitors' PI hit by further blow as Aspen exits
Aspen Risk Management has become the latest insurer to pull out from the solicitor’s professional indemnity (PI) market.
What’s the Big Idea?
In May this year, Insurance Age teamed up with Axa Personal Lines to launch the Big Idea at Biba 2011. Broker entrants from across the UK submitted 100 words detailing what their Big Idea was and those that held the most promise have been asked to submit…
Pressure group hits back at ABI compensation culture claim
The Access to Justice Action Group (Ajag) has slammed the Association of British Insurers’ (ABI) call for reform of Britain’s compensation culture laws.
Lloyd's backs ABI on compensation culture
Lloyd’s has announced its support for the Association of British Insurers’ (ABI) report on Tackling the Compensation Culture and warned that Britain should avoid going down the same path as the US.
ABI calls for end to compensation culture
The Association of British Insurers (ABI) has called for reform of Britain’s compensation culture laws claiming that UK consumers pay £2.7m a day to claimant lawyers through their motor insurance premiums.
Central targets charity sector with Hiscox
Central Insurance has teamed up with Hiscox to launch a charity product designed to meet the insurance needs of Scottish non-profit organisations in a single policy.
Travelers looks to QBE for PI hire
David Sawyer has been appointed as assistant general manager responsible for the professional indemnity (PI) portfolio at Travelers Insurance.
Chaucer appoints Ball to Lloyd's property syndicate
Chaucer has appointed Simon Ball as international property treaty underwriter within Chaucer Syndicate 1084’s property division.
Unitas welcomes latest member to the fold
NPA Insurance Broking Group has joined the broker alliance, Unitas.
Insurance Age blog: The calamity that is claims
Claims are given quite a lot of air time. Everyone seems to have an opinion about them - unfortunately most seem to centre upon what other people are doing wrong.
New chief executive for agricultural network
FarmWeb has announced the appointment of a new chief executive.
Underwriting result drags Randall & Quilter's profit down
Randall & Quilter’s Q2 2011 results have revealed a 17.1% increase in group income at £18.8m but profit before tax fell to £3m (2010: £5.8m).
CCV makes significant addition to Welsh arm
CCV has acquired an 80% stake in Welsh broker Antur Insurance.
Law Society and Prime Professions join forces to help ARP firms
The Law Society has announced it will again offer a scheme to assist law firms who are experiencing difficulty securing professional indemnity (PI) renewal terms.
Lark buys Cadogan business from Barbon
Lark Group has purchased the Cadogan Hanover Park business from Barbon Insurance Group.
Abbey Legal posts profit as it prepares for changes on legal landscape
Abbey Protection’s MD has predicted a blanket implementation of Jackson’s proposals as the legal insurer posted a 6% increase in pre-tax profits to £5m for Q2 2011.
Your thoughts matter in our market sentiment survey
Insurance Age has launched its second sentiment survey of 2011 and is calling on brokers to participate in this independent barometer of market concerns.
Insurance achieves gender equality on junior exec pay
The Chartered Management Institute (CMI) has claimed that equal pay is now a reality for female and male executives working in the insurance sector but only at a junior level.
Purple appoints BDM from Bluefin
Jelf-owned network, Purple Partnership, has appointed Chris Hankey as the new development manager for the North and Midlands.
Debrett’s enters HNW with Sterling
Debrett’s, the self styled modern authority on all matters of etiquette and fine style, has launched Debrett’s Prestige Insurance targeting “discerning home owners”.
Wilson Organisation steps forward with Boots director
Gary Cormack, a former trading director for Boots, has joined Nottingham insurance broker The Wilson Organisation, as non-executive deputy chairman.
PowerPlace hits the road with D&O
PowerPlace has announced the launch of a series of free D&O workshops around the country for brokers starting in Birmingham on 17 November.