News
Network Spotlight day nine: Network members aren't independent, says Wood
Mark Wood, managing director at UKGI, claims in his interview for Network Spotlight that many brokers have seen through networks.
Banks' "immoral" conditional lending still alive and well
Banks are still abusing their position by placing undue pressure on SMEs to use their preferred intermediaries, according to the broking community.
Axa Assistance appoints new motor director
Axa Assistance UK has announced that Richard Ware has been appointed director and deputy motor general manager.
Reid to take advantage of Axa parentage to push for growth
Bluefin CEO Stuart Reid has said the broker will become a much more fundamental part of Axa Commercial, as part of the new strategy.
Blanc sets record GWP target
Amanda Blanc has vowed to surpass Axa Commercial's gross written premium (GWP)record by writing £1.2bn worth of business by 2015.
PM agrees to extend claim period and says that Riot Act stands
Prime Minister David Cameron has announced that the Riot Act police compensation schemes will operate as normal and has extended to the maximum of 42 days the amount of time claims can be made under the scheme.
Network Spotlight day eight: Truman says Cobra’s model is sustainable
David Truman, director at Cobra Network, is the eighth guest in the Network Spotlight series and says he expects to see a number of brokers investigating how to improve their bottom line through the network over the next 12 months.
Innovation Group wins £40m claims contract with RBSI
Innovation Group has signed a £40m contract with RBS Insurance (RBSI) to handle its subsidence claims.
Aviva fraudster jailed after pocketing staff bonuses
The head of key accounts management at Aviva’s York offices has been jailed for expenses fraud.
Invicta continues on acquisition trail with latest broker buy
Invicta Insurance Services is set to complete its latest acquisition with the purchase of the entire general insurance portfolio of Suffolk-based Wordsmith Insurance Services.
New Sterling cover for the antique Connoisseur
Sterling Insurance has entered into a partnership with Connoisseur Policies to provide specialist cover for antique dealers, art dealers and auctioneers.
Riots may force retailers to take insurance in-house
The riots that have plagued the UK since Saturday may force retailers that have suffered major losses to form their own in-house insurance companies.
Brit warns brokers to stick to current claims notification deadlines
Brit Insurance has issued a reminder to its brokers of the need for policyholders to comply with policy requirements in relation to the notification of claims.
Ten broking director out - will not be replaced
Ten broking director, Elliot Arnold, is to leave the company at the end of August and the network will not replace him or maintain the role, Insurance Age has learnt.
Travelers Insurance pulls out of Irish private motor market
Travelers has announced that it is to exit the Irish private motor market as of 1 October 2011.
Cost of riots unlikely to affect market rates
Fitch Ratings has predicted that the losses from the recent rioting across the UK will have no impact on UK insurers' ratings.
Cooper Gay creates senior IT post
Cooper Gay Swett & Crawford (CGSC) has appointed Brent Kruger as its first group chief information officer.
Network Spotlight day seven: Ten’s Sharp seeks to avoid AR pitfalls
James Sharp, director at Ten Insurance Services, predicts that over time there will be more brokers in networks than outside and adds that he won’t say “that is necessarily a good thing”.
Riot claim period could be extended to 42 days
The Association of British Insurers (ABI) has moved to reassure homeowners and businesses that claims for riot damage will be paid out and has urged the Home Secretary to extend the claims period to the police compensation scheme to 42 days.
More Than looks to Rias for new MD
More Than has announced the appointment of Janet Connor as its new managing director.
Loss adjuster pushes surge status to red as it copes with riot fallout
GAB Robins has announced that its surge status has moved to red after receiving a "considerable" number of claims following the London riots.
The jury's out on how much riots will hurt the insurance industry
With the estimated riot costs now standing at £750m, insurance experts are in conflict over how much the violent events which have dogged London, Liverpool, Birmingham and Bristol will damage the insurance industry.
What the Papers Say - August 2011
In this month's What the Papers say, senior reporter at Insurance Age Liz McMahon, is joined by fellow senior reporter Emmanuel Kenning to discuss the latest top topics in insurance with principal of Bellingham Communications Ben Welsh.
Periodical payments for PI compensation set to rise following appeal case
A landmark court ruling may change the way in which the insurance industry pays out compensation to personal injury claimants.