News
PPI meeting hopes to quash bad blood in industry
A meeting has been scheduled between the old payment protection insurance (PPI) market and the long term income protection market.
Paymentshield unveils broker website plans
Paymentshield has launched a new consumer facing website designed to help brokers discussing its products with consumers.
Insurance Age launches new broker-only technology event
A new event to help bring brokers up to date with the latest trading technologies and how they can improve their businesses, has been launched.
Aon survey ranks top 10 business risks
Global business leaders identified economic risk as the greatest threat they faced today, according to the findings of Aon’s 2011 Global Risk Management Survey.
Latest insurer signs up to Aldermanbury Declaration
Sterling Insurance has signed up to the Chartered Insurance Institute’s (CII) Aldermanbury Declaration.
Howden snaps up professional indemnity specialist, PYV
Hyperion’s broking subsidiary, Howden Broking Group, has acquired the core broking activity of professional indemnity specialists, PYV.
HNW broker MWA opens Liverpool office
Mercury West Associates (MWA) has opened its first North of England branch in the city of Liverpool.
Allianz continues roll out of household range to brokers
Allianz Retail has launched its Clear household range on Acturis, forming the next stage of its product roll out to brokers.
Hastings Direct hires new CFO as it prepares for listing
Ahead of its planned IPO next year, Hastings Direct has appointed Mark Adams as the new chief financial officer (CFO).
Tysers takes on corporate governance expert
Tysers has hired Trevor Newbery as an additional non-executive director.
Brit appoints professional risks portfolio manager from within
Brit Insurance has appointed Daniel Mitchell as UK portfolio manager, professional risks.
Central boosts Aberdeen presence with strategic acquisition
Central Insurance has acquired long-established Aberdeen firm Collins Halden & Burnett in a £2.6m deal.
New directive on insurance intermediaries: a serious warning against excessive regulations from Brussels
The new Intermediaries Directive (IMD2), coming less than a decade after the implementation of IMDI, will re-shape the entire regulatory environment for insurance distribution in each of the 27 EU member states.
Police fraud investigation results in eight convictions
A total of five men and three women, from across the UK, have been convicted at Leicester Crown Court for their part in a car insurance fraud scam worth tens of thousands of pounds.
Insurance Age blog: Calm down dear?
David Cameron shocked the Commons at Prime Minister's Question Time this week when he shouted "Calm down dear" to shadow Treasury chief secretary, Labour MP Angela Eagle.
Towergate reports £14m loss
Towergate has announced it halved its group losses in 2010 to £14.2m from £28m in 2009 and reduced net debt over the course of the year by £16.2m to £463.8m.
RSA buys Oak Underwriting
RSA has confirmed the acquisition of Oak Underwriting for an undisclosed sum.
Legal change to EL could stop e-trading in its tracks
A change to employers’ liability (EL) insurance could make it impossible for brokers to process policies online for at least the next year.
How to make a scheme work for you
UK General schemes and sales director John Bibby advises brokers on how to make their mark in the schemes space.
FOS rules that volcano claim comes under 'poor weather conditions'
The Financial Ombudsman Service (FOS) has refused to refer a travel insurance dispute on whether last year's volcanic ash cloud was the result of "poor weather conditions" to the court as a test case.
Holman's in IFA disposal
Foster Denovo has agreed a deal to acquire the IFA business of independent Lloyd's brokerage firm John Holman & Sons.
No market wide increase in rates as hardening remains elusive
Despite record level first-quarter catastrophe losses, insurance rate increases were confined to loss-affected exposures, according to research published by Marsh.
Sharp rise in staff exiting FSA
The number of staff leaving the Financial Services Authority (FSA) over the past year has nearly doubled as it prepares for its 2012 overhaul.
Barbon division sets up in London in aim to smash growth target
As it opens a London base, Cadogan Keelan Westall, part of the property and commercial division of Barbon Insurance Group, has announced that it is on target to more than double 2010’s new business growth.