News
Fraud costs UK over £38bn each year, according to NFA report
The National Fraud Authority (NFA) has reported that fraud costs the UK over £38bn a year with insurance fraud accounting for £2.1bn.
Simply Business claims commercial insurance platform first
Simply Business has launched what it says is the commercial insurance industry’s first live online tracking platform for its customers going through the claims process.
Insurance Age blog: The Bribery Act = end of corporate jollies?
Every man has his price, according to Sir Richard Walpole and maybe I'm cynical but I tend to agree with him. Most people like to believe that, if pushed, they would not take an option which benefited them more than the client they should be serving.
UK General Insurance targets smaller brokers with launch of commercial property scheme
UK General Insurance has added to its smart schemes initiative with a tailored commercial property scheme targeting upwards of £150,000 gross written premium.
Insurance law firms Parabis and Everatt join forces
Parabis Law has merged with Everatt & Company, creating what they claim to be a £100m plus turnover business with more than 60 partners.
Launch of MGAA may hinge on insurer and supplier take up
The future of the Managing General Agents’ Association (MGAA) could be dependent upon appetite from insurers and suppliers, according to the chairman of its steering committee.
Momentum signs up three brokers
Momentum, the recently launched support and development service for new and existing insurance brokers, has been joined by three brokers.
Woodstock makes three acquisitions in a year
Endsleigh-owned Woodstock Insurance Brokers has confirmed the acquisition of a book of business from the personal lines arm of Clear Insurance.
Heath Lambert wins major pub contract
Heath Lambert has been appointed to provide all general insurances for one of the UK’s largest pub retailers, Enterprise Inns.
Quantative easing now back on the cards as UK economy shrinks by 0.5%
The Office for National Statistics (ONS) has revealed that UK GDP contracted by 0.5% in the fourth quarter of 2010.
FSA to debate new interventionist strategies for the CPMA
The Financial Services Authority (FSA) has published a discussion paper to open a public debate about how it, and in future the proposed Consumer Protection and Markets Authority (CPMA), should best protect the consumer with a specific focus on product…
Matson named as new Insurance Leadership Group chair
Peter Matson, chief underwriter, Novae has been confirmed as the new chair of The Prince’s Trust Insurance Leadership Group (ILG), succeeding Julian Enoizi. Mr Matson will be supported by three new vice chairs – James Geffen, director, Miller; Elizabeth…
Amii sees record rise in membership
The Association of Medical Insurance Intermediaries (Amii) has claimed it has experienced an unprecedented increase in membership over the past six months.
Biba’s Young Broker award opens for nominations
The British Insurance Brokers’ Association (Biba) is now inviting nominations for the 2011 Biba Young Broker of the Year award.
Antur acquires Haven Insurance’s Swansea office
Antur Insurance has announced the acquisition of the Swansea office of Haven Insurance Brokers.
Hastings Direct to recruit 350 new staff in 2011
Bexhill-based insurance broker Hastings Direct has announced that the first 150 posts will be created by summer 2011.
New finance director at CCV
Cullum Capital Ventures (CCV) has appointed Bryan Park as finance director with immediate effect.
Insurance Age blog: Why brokers should defend Ricky Gervais
I’ve never found Ricky Gervais that funny. There I’ve said it. On the 11 o’clock show he didn’t over tickle me. And while The Office is good, I would argue, it is also hugely overrated.
Policyfast RSA deal offers non-EDI brokers an e-trading solution
Online wholesaler Policyfast has reached an agreement with RSA to provide business car and van policies to brokers.
The British Insurance Awards 2011: a call for nominations
The British Insurance Awards 2011 are now officially open for entries. These prestigious awards, for the entire UK general insurance industry, will be presented at the Royal Albert Hall on the evening of the 6th July.
RSA expects 2010 profits to approach £630m despite bad weather impact
RSA has announced the impact of adverse weather in November and December 2010 to be around £142m above normal levels with full year costs predicted to hit £255m.
Keynote speakers revealed for Biba 2011
The keynote speakers for this year’s the British Insurance Brokers’ Association (Biba) conference have been confirmed as Greg Case, president and CEO of Aon Corporation, explorer Ed Stafford who was the first man to walk the length of the Amazon and…
Igal Mayer returns to UK as Aviva's CEO EMEA
Aviva has announced that its former UK general insurance boss Igal Mayer will return to London as CEO Europe, Middle East and Africa (EMEA).
Over half of motorists would not rule out 'fronting'
Thousands of motorists are putting their cover at risk and driving illegally by knowingly giving false information or failing to disclose important facts, according to a survey by Association of British Insurers (ABI).