News
Biba to issue brand guidance after old name is hijacked online
The British Insurance Brokers Association (Biba) has warned members of the threat of online brand hijacking after taking legal action to protect its own name.
Solicitor watchdog's PI plans will create an 'uneven playing field'
A new proposal from the Solicitors' Regulation Authority (SRA) to shake up the rules around professional indemnity (PI) requirements could create an "uneven playing field" within the insurance broking community, experts have warned.
New credit rating service Litmus Analysis enters the financial market
A new credit ratings analysis service, which aims to clarify how ratings are calculated, has been launched.
Polly C - the hottest insurance gossip
The Swinton Christmas shindig at the Waldorf saw the industry's great and good flock to quaff champagne and discuss the highs and lows of 2010.
New regulatory bodies need more power, says Sants
If it is to succeed in its goals, the new UK financial regulatory system will need to wield more power than the existing regulator.
Schemes news: First of its kind PL and EL scheme for ABRS members
Ravenhall Group's rural division has launched a public and employers' combined liability scheme for the Association of British Riding Schools' (ABRS) members.
Merry Christmas and a happy New Year
All the team at Insurance Age wish you a happy Christmas and peaceful New Year.
Only 5% of companies have adequate product recall cover, warns Cunningham Lindsey
Loss adjuster Cunningham Lindsey has announced a ten-fold increase in the number of product recall claims it has handled in the past year and warned that most companies do not have adequate cover in place.
Santa’s insurance cost falls to £25m, according to Aon
While Santa has been dusting off his sleigh, making sure the reindeer are in tip-top shape and asking his elves to put in overtime to finish off all the presents to make sure every child across the globe gets a present, Aon has been calculating the cost…
Business insolvencies fall in November but research shows North – South divide
The latest Insolvency Index from Experian has revealed that the rate of business insolvencies fell to 0.07% in November 2010, down from 0.09% in November 2009, with businesses in southern England faring better than their northern counterparts.
Upheaval at Westinsure
Rival networks have begun to circle Westinsure in the wake of a series of upheavals since its takeover by Ink Underwriting.
Giles reveals turnover and earnings drop
The Giles Group’s full year results for the year ended 31 August 2010 has revealed a 3% drop in turnover to £70m (2009: £72.1m).
Cullum's Towergate shareholding to drop below 50%
Peter Cullum will lose his majority shareholding in Towergate Partnership as part of a new equity deal, Insurance Age understands.
FSA fines more than double to record £88m
The Financial Services Authority (FSA) handed down a record breaking £88.4m in fines in 2010 (to December 20), a growth of 154% from last year’s £34.8m, according to City law firm Reynolds Porter Chamberlain (RPC).
Car claim volumes double as snow and ice turn UK roads into ‘fairground dodgems’, says AA
Snow and ice have contributed to a 100 per cent increase in car insurance claims compared to an ordinary Monday in December, AA Insurance has reported.
Oval scoops IRM ‘Insurance Broker of the Year’ award
Oval Insurance Broking has received the ‘Insurance Broker of the Year’ award from The Institute of Risk Management.
FSA confirms training and competence regime changes
The Financial Services Authority (FSA) has published final rules to strengthen training and competence requirements for all individuals carrying out customer facing regulated retail activities.
Ecclesiastical raises £40m in share issue
Ecclesiastical has announced it has raised £40m through a new share placing, its first since 2005.
Broker leaves RBSI in management buyout
RBS Insurance (RBSI) has agreed to sell Devitt Insurance Services to its existing senior management team, lead by managing director William Hughes.
Giles makes second acquisition in as many weeks
Giles has strengthened its presence in the Belfast market with the acquisition of CJ Higgins & Co.
Insurance Age blog: A year of progress at the CII
Once again the UK dissolves into chaos and anarchy, writes Alasdair Stewart, head of business development, general insurance, at the Chartered Insurance Institute (CII). No, not the student protests, but the snow.
MUM expands product range with D&O move
Manchester Underwriting Management (MUM) has enhanced its product range with the launch of a D&O product.
Higos announces bold growth plan with senior appointment
Higos Insurance Services has appointed a retail branch director as part of ambitious plans to add 20 high street branches in the next three years.
SRA consults on bringing sole practitioners in line with sector
The Solicitors' Regulation Authority (SRA) has announced it is consulting on a proposal to bring the process for authorising sole practitioner law firms (firms with only one principal, who can be a solicitor or a registered European lawyer) in line with…