News
Cobra posts loss following sale of broking business
Cobra has posted a £1.74m loss despite growing revenues to over £24m.
OFT continues to target private motor over competition concerns
The Office of Fair Trading (OFT) has opened a consultation aimed at addressing competition issues in the private motor market.
Insurance Age blog: A month in insurance
I don't know anything about insurance. I don't have any insurance, and I've never knowingly read an insurance magazine in my life.
Andrew Torrance succeeded by former Swiss Re chief at ClimateWise
ClimateWise, the global insurance industry’s leadership group to reduce the risks of climate change, has appointed former Swiss Re CEO John Coomber as its new chairman.
Business insolvencies drop to lowest point since February
The latest Insolvency Index from Experian has revealed that the rate of insolvencies has dropped to its lowest point since February.
FSA chairman says regulation may be holding the economy back
The chairman of the Financial Services Authority has admitted that regulation may be holding the economy back.
Axa, Allianz and QBE in the frame for HSBC
Allianz and Axa are among the potential bidders for HSBC’s general insurance business, according to reports.
Amlin makes senior board appointment
Amlin has appointed Sir Alan Collins as an independent non-executive director with effect from 14 November.
APC launches two new products
APC is to replace its current property owner’s products with new residential and commercial landlord’s products.
Novae enhances online product offering
Novae has added three new areas of cover to its online offering to brokers.
Complaints about general insurance increase
The Financial Services Authority (FSA) has published the aggregate complaints figures for the first half of 2011.
Second CCV-controlled Welsh broker shuts offices
Antur Insurance, recently acquired by CCV, has closed three offices.
ABI issues guidance on company boards and pay
The Association of British Insurers (ABI) has published its first report on Board Effectiveness and issued revised principles of executive remuneration.
ECIC targets regional growth
The Electrical Contractors’ Insurance Company (ECIC) has recruited John Flaherty as a regional business development executive for the Midlands, Wales and South-West England.
Cigna acquires FirstAssist
Global health insurer Cigna has agreed to buy FirstAssist Insurance Services from Barclays Private Equity.
Brett and Randall sets out £100m turnover target
Leicester-based insurance broker Brett and Randall has laid out ambitious plans to double turnover to £100m within three years.
Liberty adds to European management
Liberty International Underwriters in Europe (LIU Europe) has appointed Guy Williams as head of D&O and financial institutions (FI).
Cobra disposes of insurance broking operations
Cobra Holdings has announced the sale of certain fixed assets of its insurance broking operations in Caterham and Alton to ASG Risk Management, a subsidiary of Aston Scott Group, for £8.2m.
A.M. Best warns of need for rate rises
A.M. Best has warned that UK insurers’ ability to subsidise weak accident-year returns with reserve releases has been reduced and called for corrective pricing.
Marsh appoints new head of risk consultancy
Marsh has appointed Richard Waterer as head of Marsh Risk Consulting (MRC) in the UK and Ireland.
Ellis Clowes targets commercial business with new office
Ellis Clowes & Company has opened a second office, based in Banbury, to operate its commercial division.
Bollington expands risk management services
Bollington, the niche and affinity commercial broker, has appointed Andy Barnes as head of risk management.
SSP appoints insurer division MD
Stephen Lathrope has been appointed as managing director of SSP's insurer division.
Boardroom shuffle at Ryan Speciality following Jubilee purchase
Ryan Specialty Group (RSG) has announced a number of board changes following the completion of the Jubilee Group Holdings acquisition.