News
Aon responds to Hector Sants’s financing call
Aon has called for the nature of risks posed by a firm to be taken into account when the FSA calculates fees.
Payment protection market urged to respond to Government consultation before deadline
As the period for the Treasury’s consultation on Simple Financial Products draws to a close, the protection insurance industry has been urged to respond or live with the consequences.
Bupa to cease offering restrictions on cancer cover
In what it claims to be an industry first Bupa has announced plans to stop selling corporate health insurance schemes which feature overall cost or time limits for cancer treatment.
Ecclesiastical wins dog walker case
Ecclesiastical has hailed its success in a recent court case with a dog walker who sued after slipping when walking dogs on grass as a “victory for common sense”.
FSA to cap headcount as it prepares for restructure
The Financial Services Authority (FSA) has published its business plan setting out the priorities for 2011/12 and implications for its budget.
Road safety minister addresses Biba parliamentary reception
The Government is to open up data held by the DVLA in an effort to combat motor fraud, road safety minister, Mike Penning told delegates at a parliamentary reception hosted by the British Insurance Brokers’ Association.
CBG remains confident despite fall in profit and revenue
CBG’s results for 2010 have revealed a drop in pre-tax profits to £842,000 (2009: £1.03m) with revenue also falling by just over £1.2m to £7.7m (2009: £8.96m).
UK brokers pay three times more for regulation than any other Euro state
The British Insurance Brokers' Association (Biba) chief executive Eric Galbraith called for a fresh approach to regulation as he revealed key findings of research into the cost and future of regulation.
New online motor caravan insurance portal targets 6,000 policies
Motor caravan specialist Peter Cue has launched an online quote and buy service for brokers on Victor Millwell, powered by CDL.
New software house launches platform for brokers
Wanna Insure has launched a end-to-end software platform which it claims reduces the development costs and implementation time for products inherent in legacy software house solutions.
Aviva expands Fast Trade product range
Aviva has added three new products to Fast Trade, its online trading platform, and has claimed that it now transacts 90% of its commercial package products online.
Chartis' gives private equity policy a makeover
Chartis has enhanced its policy for private equity (PE) and venture capital (VC) firms, as it seeks to meet both existing and new threats in the changing economic and regulatory environment.
Temporary Cover wins Swinton car and van deal
Swinton Group has chosen Temporary Cover to be their preferred carrier for short term insurance policies for cars and vans.
Judge dismisses Towergate claim of Lorica attack
Towergate Underwriting has lost a pre-action disclosure application in the High Court and been ordered to pay £17,000 in costs to Lorica Insurance Brokers.
Ecclesiastical chief hails "positive" results despite profit plunge
Ecclesiastical has maintained its traditional yo-yo financial results pattern as it reports a near £30m drop in profits on last year to £50.4m and an underwriting loss of £5.9m for 2010.
Insurance Age blog: Thank goodness big brother is watching
An insurer once told me that in theory the technology already exists to create personalised car insurance adverts at, for instance, traffic lights.
NIG makes senior regional appointment
Insurer NIG has appointed Stuart Webb as head of regional trading.
Hiscox hires in commercial growth drive
Hiscox has strengthened its UK professions and specialty commercial (PSC) division with the appointments of Samantha Newman as head of emerging professional indemnity and charities, and Ann Meaden as senior development underwriter.
Sterling targets 50% growth in three years
David Sweeney, director, personal and commercial insurance at Sterling Insurance has revealed the insurer is aiming to grow its books of business by 50% in the next three years.
James Hallam makes senior appointments
James Hallam has made two new appointments to its board of directors.
Regulation preventing brokers from growing their businesses
A survey of Insurance Age readers has found that nearly 95% of brokers in the country find it more difficult to do their day to day job as a direct result of regulation.
Ecclesiastical exits standard household market
Ecclesiastical has announced it is to run off its standard household business by July 2012.
Ink moves into charity sector
Ink Insurance has established Ink Charity to tap into the charity and care sectors.
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