News
Biba lobbies Office of Fair Trading on PMI
The British Insurance Brokers' Association (Biba) has welcomed the Office of Fair Trading’s private healthcare scoping paper but urged it to address the activities of private medical insurance (PMI) companies.
Profits fall and combined ratio deteriorates at RSA
RSA has reported a 15% fall in profits after tax to £355m (2009: £419m) while net written premiums increased 11% to £7.5bn (2009: £6.7bn) in the year ended 31 December 2010.
Gallagher continues growth plan with Woodbrook buy
OIM Underwriting, Arthur J. Gallagher International’s current MGA platform, has acquired all of the assets and business of Woodbrook Underwriting Agencies.
Four arrested in latest coup for fight against fraud
Four men have been arrested as part of Operation Sledgehammer, an investigation into organised crime in the North-east region.
E-trading could kill off manual micro SME by 2013
All micro small to medium-sized enterprise (SME) business will be transacted online by 2013, according to Darren Rowe, sales manager at Powerplace.
Biba rallies brokers to lobby Parliament on FSCS fees
The British Insurance Brokers’ Association (Biba) has contacted members urging them to write to their Member of Parliament regarding the escalating cost of the Financial Services Compensation Scheme (FSCS).
Lockton recruits former chairman of RICS in Scotland
Lockton has appointed Janey Milligan as a consultant to its professions team in Scotland.
Video interview: Peter Cullum on Towergate's refinancing
Days after Towergate Partnership announced the completion of its refinancing and £200m investment from private equity firm Advent International, founder and chairman Peter Cullum CBE spoke to Post about what now lies ahead for the broker.
New CEO at Brightside’s insurance broking division
Brightside has appointed Alan Sanderson in the new role of chief executive officer for its insurance broking division.
ABI casts doubt on FOS' need to increase reserves
The Association of British Insurers (ABI) has responded to the Financial Ombudsman Service (FOS) by questioning the need for an increase in reserves and calling for a push on transparency.
Two promotions at Towergate
Towergate has promoted Keith Harrison and Keith Jackson to the positions of chief operating officer, commercial underwriting and commercial director of commercial underwriting respectively.
Heath Lambert reportedly in takeover talks
Arthur J Gallagher International is in takeover talks with London market broker Heath Lambert, say sources close to the company.
Zurich appoints director of personal lines broker business
Zurich has appointed Gareth Howell as the director of UK personal lines broker business, reporting to Karl Bedlow, managing director of UK personal lines.
NIG's rates guarantee is suicidal according to Groupama CEO
Groupama Insurances CEO, François-Xavier Boisseau, has fired a broadside at NIG and its controversial ‘guarantee to beat’ rate offer to brokers, describing the move as suicidal.
Plum attributes growth to broker demand for non-standard cover
Plum Underwriting has reported a 54% increase in sales for the year ending June 2010 and revealed that it has more than doubled its agency base.
Lord Sheikh returns to broker market
Conservative peer Lord Sheikh has launched insurance broker and underwriting agent Macmillan Sheikh.
Enterprise Rent-A-Car denies it wants brokers out of claims process
Enterprise Rent-A-Car has called for an amendment to the Road Traffic Act to ensure reporting of accidents to insurers, even in cases where the at-fault driver has admitted liability, is made mandatory.
Insurance Age blog: What's in a name?
Just when you had learnt what the CPMA stood for, the Government goes and changes the name of the new regulatory body tasked with keeping naughty brokers in check.
New property aggregator promises to help brokers retain clients
Former KGM group development manager, Doug Phelan, has returned to the market with a new ‘broker friendly’ aggregator proposition.
Ageas adds to commercial broker account team
Ageas Insurance has appointed three new commercial broker account executives to cover the North East, East and West Midlands, and South West regions.
Willis Networks gains six new recruits
Six new members have joined Willis Networks, its alliance with local, independent insurance brokers in the UK.
Chartis appoints new head of UK operations
Chartis Insurance UK has announced the appointment of Kate Roy as the head of UK operations based in London.
Biba reacts to Government consultation on new regulatory structure
The Government has opened its consultation on the future of financial regulation.
Planned pre-emptive regulatory powers "a nonsense" - RPC
City law firm Reynolds Porter Chamberlain (RPC) has warned the Government’s plan to hand the new financial services regulator the power to publicise an investigation before it is completed is contrary to principles of natural justice and makes a nonsense…