News
Jelf Group results reveal profit boost and debt reduction
In its final results for the year ended 30 September 2010 Jelf reported operating profit was up to £3.1m from a loss of £9.7m in the same period of 2009.
Saffron continues growth spree with Chris Semmens merger
Saffron Insurance has merged with Baldock-based Chris Semmens (Commercial) Insurance Broker.
Advent deal may see Towergate float in three years
Advent International has agreed to inject £200m, including a £90m acquisition fund, into Towergate Partnership, Insurance Age understands.
Direct Line targets mid-net worth sector
Direct Line has announced the launch of Direct Line Select Insurance.
Arista opens Leeds office
Arista Insurance has expanded its branch network to seven by opening a new permanent office in Leeds.
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.