News
Broker Direct to offload three brokers to Swinton
Broker Direct is to sell three brokers to Swinton Commercial, Insurance Age understands.
Brokers will see more of new RSA chief
Adrian Brown has predicted that brokers will see more of Andy Haste’s successor than they see of the current chief executive.
McMillan wants clear water between Aviva and competition
Mr McMillan said he wanted to make it clear to brokers that the Aviva was absolutely open for business.
Simplyhealth reveals aim to grow further following Groupama deal
Simplyhealth has revealed plans to grow its market share to 10% after the purchase of Groupama Healthcare.
Axa points to referral fees to explain continued rise in costs
Axa UK has reported an improved combined ratio for the first half of 2011 but is still at a break even point of 100% while the total UK and Ireland property and casualty revenues came in at £2bn.
Aviva to grow motor book as profits and premiums rise
Aviva’s half year results for UK general insurance have revealed an operating profit of £242m, up 6% (H12010: £229m).
RSA UK's personal lines performance takes up commercial lines slack
RSA UK has reported a 7% increase in premiums to over £1.5bn and has improved its combined operating ratio (COR) slightly to 98.5%.
Denney unveils Marsh Probroker’s membership numbers, in Network Spotlight day three
Martyn Denney, head of networks at Marsh Probroker, has revealed that it has a current membership of 12 with four more signed up ready to go live in his interview for Network Spotlight.
RSA's chief executive to leave the company
RSA’s group chief executive, Andy Haste, is to leave the company by the end of the year.
Biba healthcare group founder resigns, labelling it a toothless tiger
The British Insurance Brokers’ Association (Biba) healthcare focus group has been dealt a further blow with the resignation of one of its founder members.
Groupama sells healthcare arm to Simplyhealth
Simplyhealth has today announced that it has reached an agreement to purchase the UK healthcare business of Groupama Insurances, subject to the required regulatory approvals.
Broker Network circles Our Network members following Willis deal
Broker Network has opened itself up to membership enquiries from Our Network members following the news that the Broker Direct-owned network had struck a deal with Willis Networks to transfer membership.
Giles weighs in with cash offer for CBG
Giles Insurance Brokers has made a £5.1m cash offer for CBG Group.
Amlin profit warning concerns analysts
Amlin has released a profit warning, lowering the half-year result after tax by £53m.
Dooley leaves Arista
Paul Dooley has confirmed his resignation from commercial underwriting agency Arista Insurance, Insurance Age's sister title Post has revealed.
Bluefin appoints sport specialist
Bluefin Insurance Services has appointed Richard Cliffe as divisional director of Bluefin Sport.
Confused.com advert banned by ASA
The Advertising Standards Authority (ASA) has ruled that confused.com’s adverts stating “18 million strong”, later amended to 20 million, were misleading.
Former Confused.com chief returns with new aggregator model
A new Covea-backed aggregator, due to hit the market early next year, is to be headed up by former Confused.com and Tesco Compare chief, Debra Williams.
Top three in motor a possibility for LV, says O'Roarke
Managing director of LV's general insurance business, John O'Roarke, has revealed the insurer's ambition to reach £1.4bn gross written premium by the end of 2011.
New quarterly FOS data indicates PPI complaints set to double
The Financial Ombudsman Service’s (FOS) data for the first quarter of the financial year 2011/2012 has revealed that it received over 81,000 complaints – more than double the number received in the same period last year.
Rural makes further appointments to push for growth across UK
As part of its ambitions to be a top five player in the agricultural market, Rural Insurance has hired two new senior managers to cover Scotland and Northern Ireland.
LV's COR down as broker channel grows
LV's half year results have seen the mutual insurer's combined operating ratio (COR) drop below 100 to 98.1%.
UK firms feel FSA scrutiny puts them at a disadvantage
The Financial Services Authority’s (FSA) post-crisis clampdown may be harming the UK’s international competitiveness, according to research among senior financial services executives.
Davey on insurer relationships in day two of Network Spotlight
In the second instalment of the 12 day Network Spotlight series, Jonathan Davey, managing director of Keychoice Distribution questions whether more brokers are outside networks than in.