News
Tysers takes on corporate governance expert
Tysers has hired Trevor Newbery as an additional non-executive director.
Brit appoints professional risks portfolio manager from within
Brit Insurance has appointed Daniel Mitchell as UK portfolio manager, professional risks.
Central boosts Aberdeen presence with strategic acquisition
Central Insurance has acquired long-established Aberdeen firm Collins Halden & Burnett in a £2.6m deal.
New directive on insurance intermediaries: a serious warning against excessive regulations from Brussels
The new Intermediaries Directive (IMD2), coming less than a decade after the implementation of IMDI, will re-shape the entire regulatory environment for insurance distribution in each of the 27 EU member states.
Police fraud investigation results in eight convictions
A total of five men and three women, from across the UK, have been convicted at Leicester Crown Court for their part in a car insurance fraud scam worth tens of thousands of pounds.
Insurance Age blog: Calm down dear?
David Cameron shocked the Commons at Prime Minister's Question Time this week when he shouted "Calm down dear" to shadow Treasury chief secretary, Labour MP Angela Eagle.
Towergate reports £14m loss
Towergate has announced it halved its group losses in 2010 to £14.2m from £28m in 2009 and reduced net debt over the course of the year by £16.2m to £463.8m.
RSA buys Oak Underwriting
RSA has confirmed the acquisition of Oak Underwriting for an undisclosed sum.
Legal change to EL could stop e-trading in its tracks
A change to employers’ liability (EL) insurance could make it impossible for brokers to process policies online for at least the next year.
How to make a scheme work for you
UK General schemes and sales director John Bibby advises brokers on how to make their mark in the schemes space.
FOS rules that volcano claim comes under 'poor weather conditions'
The Financial Ombudsman Service (FOS) has refused to refer a travel insurance dispute on whether last year's volcanic ash cloud was the result of "poor weather conditions" to the court as a test case.
Holman's in IFA disposal
Foster Denovo has agreed a deal to acquire the IFA business of independent Lloyd's brokerage firm John Holman & Sons.
No market wide increase in rates as hardening remains elusive
Despite record level first-quarter catastrophe losses, insurance rate increases were confined to loss-affected exposures, according to research published by Marsh.
Sharp rise in staff exiting FSA
The number of staff leaving the Financial Services Authority (FSA) over the past year has nearly doubled as it prepares for its 2012 overhaul.
Barbon division sets up in London in aim to smash growth target
As it opens a London base, Cadogan Keelan Westall, part of the property and commercial division of Barbon Insurance Group, has announced that it is on target to more than double 2010’s new business growth.
MCE signs up latest white labelling client
Motorcycle insurance specialist MCE has announced the completion of its latest white labelling deal.
Aspen confirms appointment of former RSA Scotland chief
Aspen Insurance has confirmed Annie Watson will take on the role of general manager Scotland, at Aspen Risk Management.
Radical product intervention could stifle choice, warns ABI
The Association of British Insurers (ABI) has called for a balanced approach by the Financial Services Authority (FSA) on product regulation that reflects the diversity of retail financial services markets in the UK.
FSCS may hold insurers liable for PPI fines
The Financial Services Compensation Scheme (FSCS) has confirmed that it could pursue recoveries from insurers who permitted failed credit brokers to act as their agents.
Job losses at Equity Red Star
Equity Red Star, the UK arm of Insurance Australia Group, is set to make redundancies with up to 185 staff at risk, our sister title Post has revealed.
Insurance Age blog: Referral fees and the ABI
The Association of British Insurers (ABI) hasn’t been shy in demanding an end to the use of referral fees. It seems that every chance that presents itself, from the news that Jackson’s reforms would be implemented in full to any news regarding the cost…
Marsh announces management changes
Marsh has announced three changes to its senior management team with Daniel Glaser being appointed to the newly created position of group president and chief operating officer for Marsh & McLennan Companies.
Part 2 - Countdown to Biba 2011: the changing regulatory landscape
With the British Insurance Brokers' Association conference now less than three weeks away, Post and Insurance Age editor-in-chief Jonathan Swift sat down with the Biba CEO Eric Galbraith to discuss some of the major issues which are likely to come to the…
Next head rolls at Axa Commercial
Head of specialist markets at Axa Commercial, Mike Phillips, has become the latest member of senior management to leave the business.