News
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.
Invicta announces latest acquisitions
Invicta Insurance Services is set to complete it latest acquisitions which will add 2,500 customers and over £1m GWP to its portfolio.
RSA expands SME e-trading proposition
RSA has announced the expansion of its e-Promise team designed to support brokers online trading with the insurer.
Distribution director out at Axa
Axa Commercial Lines has confirmed the expected departure of distribution director Keith Hector.
Lyons in circus master role at Towergate
Towergate’s competitors will not see the “slightest” difference in its strategy following the appointment of Alastair Lyons as non-executive chairman.
UK General creates new MD role as part of restructure
Michael Warren has been appointed to the new role of managing director of UK General Insurance Group.
Hastings hires ahead of planned flotation
Hastings Direct has appointed a new MD of insurer services ahead of its planned IPO next year.
Regulatory burden on brokers is heavier than tax
The British Insurance Brokers’ Association (Biba) has warned that the regulatory burden imposed by the Financial Services Authority (FSA) on the insurance broking sector is a greater competitive disadvantage than the amount of corporation tax it pays.
Solicitors' PI market leader Chartis slams SRA consultation
Chartis has been the latest insurer to react to the Solicitors’ Regulation Authority’s (SRA) consultation on the Assigned Risk Pool (ARP).
Arista seeks to double business in next three years
Arista Insurance has unveiled a range of measures in bid to double its business volumes by 2014.
Hastings launches affinity and partnership division
Hastings Insurance Services has announced the launch of a new specialist division, Hastings Partnerships led by business development director Andy Kirton, which will handle all of the company’s affinity and partnership business.
Giles to sell off life sciences business
Giles Insurance Brokers is to sell its life sciences business as it looks to focus on its more traditional lines of business.
John Nelson named next chairman of Lloyd’s
Lloyd’s has announced the appointment of John Nelson as its new chairman effective from October.
Towergate appoints Alastair Lyons as non-executive chairman
Towergate has announced the appointment of Alastair Lyons CBE as non-executive chairman with Peter Cullum CBE, the current executive chairman, taking on the role of non-executive deputy chairman.
Plum hires in bid to fuel further growth
Plum Underwriting has hired two new underwriters to handle its rapid growth in the non-standard household market.
Brokers favour tighter home claims checks, according to Axa
Over one third of brokers (38%) said they believed people were more likely to exaggerate a claim than a year ago, according to research by Axa.
New player enters high end liability market
Lloyd’s broker Kite Warren & Wilson (KWW) is targeting the high end SME asset manager and Lloyd’s managing agents market with a suite of new liability products.
Countdown to Biba 2011: the changing regulatory landscape
With the British Insurance Brokers' Association conference now less than four weeks away, Post and Insurance Age editor-in-chief Jonathan Swift sat down with the Biba CEO Eric Galbraith to discuss the issues which are likely to come to the fore in…
Insurance Age blog: It's a question of taste
According to research from the University of Hertfordshire, a blind taste test performed by over 400 members of the public has revealed that we cannot tell the difference between cheap or expensive wine.
Mitsui Sumitomo confirms Chubb raid as it moves into Ireland
Mitsui Sumitomo at Lloyd’s has confirmed that it is to establish branches in Dublin and Belfast as part of its expansion plans.
Zurich disappointed by SRA changes
Zurich has raised concerns that the changes unveiled by the Solicitors Regulation Authority (SRA) will not address challenges in the market particularly for small firms renewing professional indemnity (PI) insurance.