News
Charles Earle hits back at Arista capacity rumours
Arista chief executive Charles Earle has hit back at industry rumours claiming the insurer is being forced out of the motor trade market.
Chartis raids rivals to build core London team
Barry Taylor joins Chartis Insurance UK from Chubb and John Montgomery arrives from Brit.
Network spotlight series
Insurance Age has interviewed the leaders of the networks to ask them why there are more brokers outside networks than in and what steps they have taken to help members in the past year.
Further law firms announce merger plans
The partners of Clyde & Co and Barlow Lyde & Gilbert (BLG) have voted for a merger between the two law firms.
NMJ doubles in size with Broker Direct purchase
NMJ Insurance Brokers has acquired Barry Fenton Insurance from Broker Direct as a result of the latter’s plan to focus on its core business.
Houghton predicts reduction in networks, as Network Spotlight kicks off
Nick Houghton, managing director of Broker Network, faces the camera for Network Spotlight, and predicts 70 new members in 2011.
Insurer claims industry first with mobile payment cover
Insurance2go.co.uk has said its policy covering mobile phone payment technology fraud is the first of its kind.
Hiscox slumps to half year losses but UK prospers
Hiscox Group has reported a pre-tax loss of £85.6m for the first six months of 2011, in the comparable period of 2010 it made £97.2m in profit.
Quinn issues mass refund after overcharging customers
Quinn has had to refund 20,500 customers after it failed to give them an agreed discount.
JLT not for sale, blasts Burke
Dominic Burke, chief executive officer at JLT, has moved to quash market rumours that JLT could be purchased, by anyone.
Burke predicts interim profits at Thistle in 2012
Chief executive of JLT, Dominic Burke, has predicted that Thistle Insurance will beat its 2010 full year trading profit of £4.8m this year.
Willis Networks in member deal with Our Network
Willis Networks and the Broker Direct-owned Our Network have announced a partnership that will give Our Network members access to products and services of Willis’ N² proposition.
Demand for niche car insurance add-ons is growing, says survey
One in five (21%) of Britons looking to buy a car in the next 12 months will also purchase GAP insurance cover, according to Mapfre Assistance.
Insurance Age blog: Brokers as moths
Brokers often get a bum rap from the public. For years the public have been told that brokers are merely a middle man that adds cost to the insurance process and customers would do well to 'cut them out'.
MCE Enterprise unveils managing director
MCE Enterprise, a subsidiary of motorcycle broker MCE, has appointed Nick Elliman as managing director.
MGAA to launch in September
The Managing General Agents’ Association (MGAA) has confirmed that it is to officially launch on 1 September.
JLT thrives as Thistle struggles to produce profit
Jardine Lloyd Thompson Group (JLT) has announced a 9% growth in both revenue and profit before tax for the six months to 30 June 2011.
Solvency II should be delayed until 2014, says European Parliament
The Committee of Economic and Monetary Affairs of the European Parliament has released its draft report on Omnibus II with the proposal that the full requirements of Solvency II should not be implemented until 1 January 2014.
Chris Hanks' replacement as CII president elected
Julian James has been elected 115th president of the Chartered Insurance Institute (CII).
Gallaghers aims to break $2bn revenue barrier
Arthur J. Gallagher & Co’s half year results for 2011 have revealed a 13% rise in brokerage to $717.6m (£439m) (H1 2010: $635.2m).
Businesses paying more quickly, survey claims
Research by Experian has revealed that large businesses in the UK improved payment performance by almost a day between the first and second quarters of 2011.
PI broker wins exclusive access to new provider in North West
Professional Indemnity (PI) broker MFL Professional has secured direct access to a new market entrant to the solicitors’ PI market for the 2011 renewal season.
Premium increases cooling off, says AA
According to the latest British Insurance Premium Index from the AA, the rate of increase in both car and home insurance premiums has levelled off.
MSL launches new vehicle service for brokers
MSL Group has extended its offering to the broker market with the introduction of a new vehicle supply and management service.