News
Momentum targets 25 new brokers in 2012
Momentum has confirmed it signed up 23 appointed representatives (AR) in its first full year of trading and has targeted another 25 broking businesses in 2012.
Sean Quinn could face 12 year business ban in Republic
Sean Quinn’s bankruptcy declaration has been rejected by the High Court in Belfast following a challenge by the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank.
New chief for Lifestyle Services Group
Lifestyle Services Group has appointed former Combined Insurance chief, Chris Harrison, as its new CEO.
Aspen achieves chartered status
Aspen Risk Management has been awarded corporate Chartered Insurers status by the Chartered Insurance Institute.
Household market predicted to strengthen
Home insurance premiums could rise by up to 10% in 2012 according to Deloitte.
Hoban calls on insurance industry to face long term challenges
Mark Hoban MP has warned that the insurance industry must be careful to avoid becoming “absorbed by the short term challenges” it faces and be more aware of the long term difficulties.
Elite in solicitors’ PI U-turn
Elite Insurance has confirmed that it will re-enter the solicitors’ professional indemnity (PI) insurance market in 2012.
Hyperion launches takeover bid for Lloyd's broker
Hyperion has entered into talks with Lloyd's broker Windsor regarding a potential offer.
Stonebridge targets print industry with new division
Stonebridge Corporate has teamed up with Randall & Quilter to develop a new range of insurance products for the printing industry.
Storms whip up car claims
AA Insurance has revealed that the storms which hit parts of the UK in the first five days of January caused a 28% increase in car insurance claims compared with the same period of 2011.
Markel International makes brace of underwriting hires
Markel International has made two new underwriting appointments to its MGA division.
New account executive for Jelf Manson
Jelf Manson has appointed Alastair Teague as account executive.
Towergate suffers two more senior resignations
Two senior managers at Towergate have handed in their resignations in as many weeks as the change of culture under new CEO Mark Hodges takes effect.
Covéa exerts control over UK arm with merger and rebrand
French-owned insurer MMA is to be rebranded as Covéa as part of a merger with Provident Insurance.
Giles' finance director steps down
Mark Chambers, finance director at Giles Insurance Brokers, resigned on 1 January according to new documents submitted to Companies House.
Brokers urged to respond to FSA consultation on PPI
Brokers have been urged to respond to the joint investigation into payment protection products by the Office of Fair Trading and Financial Services Authority (FSA) and respond accordingly.
Brokers' profitability predicted to fall
Brokers saw a strong decline in business at the end of 2011 and face further reductions in profitability at the start of 2012 according to a new report.
FSA goes for former Zurich chief as new FSCS chairman
The Financial Services Authority (FSA) has appointed a new chairman of the board of the Financial Services Compensation Scheme (FSCS).
Liberty Syndicates appoints new risk chief
Liberty Syndicates has appointed Dan Wilkinson as head of risk management.
LV unveils new commercial distribution chief
LV Broker has promoted Kevan Aubrey to head of commercial distribution and Mark Campbell to head of key commercial accounts.
CFC launches policy for the cloud
CFC Underwriting has launched a new cyber liability policy for firms using cloud computing services.
FOS proposes changes to case fee structure
The Financial Ombudsman Service (FOS) has launched a consultation aimed at changing its case fee structure.
FOS to introduce £350 PPI surcharge
The Financial Ombudsman Service (FOS) has revealed plans to introduce a supplementary case fee of £350 from April 2012 for firms that have more than 25 payment protection insurance (PPI) complaints.
Taxman punishes SMEs while indulging big business
The Forum of Private Business has accused HMRC of indulging in the “harassment and mistreatment” of small business while arranging “sweetheart deals” with large companies.