News
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.
Clutterbuck steps up to fill Moylan's shoes at Allianz
Allianz has announced that Neil Clutterbuck is to take on the role of director, underwriting and technical, for Allianz Commercial, following the retirement of Geoff Moylan.
Engelhardt voices support for Lyons
Henry Engelhardt, chief executive of Admiral, has praised the appointment of Alastair Lyons at Towergate describing him as a "very strong" individual.
NIG boosts Leeds office
NIG has made three senior appointments at its Leeds office.
Allianz rolls out PI to the regions
Allianz Commercial has teamed up with fellow Allianz Group member, Allianz Global Corporate & Specialty (AGCS), to launch a Professional Indemnity (PI) solution to the UK provincial broker market.
PPI judgement welcomed by FSA but disappoints banks
The Financial Services Authority (FSA) has welcomed the High Court’s dismissal of the British Bankers’ Association’s (BBA) legal challenge to its payment protection insurance (PPI) measures.
Banks lose PPI legal challenge
The High Court has ruled in favour of the approach taken by the Financial Ombudsman Service (FOS) and Financial Services Authority (FSA) in the handling of payment protection insurance complaints.
Brokers say Hector's departure is a major loss for Axa
Brokers have reacted with disappointment to the news that distribution director Keith Hector has left Axa Commercial Lines.