News
New player enters high end liability market
Lloyd’s broker Kite Warren & Wilson (KWW) is targeting the high end SME asset manager and Lloyd’s managing agents market with a suite of new liability products.
Countdown to Biba 2011: the changing regulatory landscape
With the British Insurance Brokers' Association conference now less than four weeks away, Post and Insurance Age editor-in-chief Jonathan Swift sat down with the Biba CEO Eric Galbraith to discuss the issues which are likely to come to the fore in…
Insurance Age blog: It's a question of taste
According to research from the University of Hertfordshire, a blind taste test performed by over 400 members of the public has revealed that we cannot tell the difference between cheap or expensive wine.
Mitsui Sumitomo confirms Chubb raid as it moves into Ireland
Mitsui Sumitomo at Lloyd’s has confirmed that it is to establish branches in Dublin and Belfast as part of its expansion plans.
Zurich disappointed by SRA changes
Zurich has raised concerns that the changes unveiled by the Solicitors Regulation Authority (SRA) will not address challenges in the market particularly for small firms renewing professional indemnity (PI) insurance.
Five year fraud investigation results in 33 guilty pleas
A five year investigation by Bedfordshire Police into a major insurance fraud by an organised criminal enterprise based in Luton has concluded with three of the last four defendants being found guilty at Luton Crown Court.
SRA confirms ARP changes
The Solicitors Regulation Authority (SRA) has confirmed sweeping changes to the Assigned Risks Pool (ARP) ahead of a full policy statement to be issued on 18 April.
Biba issues response to Treasury consultation
The British Insurance Brokers’ Association (Biba) has responded to the HM Treasury consultation: A new approach to regulation – building a stronger system, and called for proportionate, appropriate and cost-effective regulation for brokers.
Markel goes direct but promises brokers e-trade option
Markel UK, the retail division of Markel International, has launched a direct commercial offering.
Joint venture purchase of Quinn results in 30 UK redundancies
A joint venture of Liberty Mutual and Anglo Irish Bank has been announced as the preferred bidder for the general insurance business of Quinn Insurance.
ABI warns against duplication in regulatory reform
The Association of British Insurers (ABI) has called for transparent and accountable co-ordination between the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA).
APC to double SME presence in the North
APC has revealed it aims to double its book of SME business in the North of England and Scotland over the next 18 months by hiring a dedicated business development manager (BDM) for the region.
Calls for ban on referral fees after car premiums rise 40%
The Association of British Insurers (ABI) has called for an immediate ban on referral fees following research from the AA showing that the average motor insurance premium has risen by 40% over the last year.
Car premiums up but leading indices show stall in rises
Two new surveys from the AA and Confused.com/Towers Watson have revealed a slow down in the ongoing rate rises in motor insurance premiums.
Keelan Westall makes new regional appointments
Keelan Westall has appointed two new business development managers to cover the South East and Midlands regions.
Former CBG MD joins rival Manchester broker
Manchester insurance broker Caunce O’Hara has announced the appointment of former CBG director Stephen Darcy as MD.
Allianz unveils PI team ahead of product launch
Allianz Commercial has established a new Professional Indemnity (PI) underwriting team in preparation for the launch of a new product later this month.
Online PI broker opens in Ipswich
PolicyBee, an online professional indemnity broker, has launched from offices in Ipswich targeting SME business, independent consultants and small consultancies.
Sean Genden appointed CEO of Travelers Europe
Travelers has named Sean Genden as chief executive officer for Travelers Europe. The provider said his appointment was designed to support its strategic and growth initiatives in the European property and casualty market.
Norgrove confirmed as Zurich's GI CEO in Ireland
Zurich Insurance has confirmed the appointment of Ken Norgrove as chief executive officer of its general insurance (GI) business in Ireland.
Autonet raids Carole Nash for senior hire
Van insurance specialist Autonet Insurance Group has appointed Phil Evans as its new head of operations.
Biba launches FSCS petition to prompt Treasury review
The British Insurance Brokers’ Association (Biba) has launched a petition of its members on the Financial Services Compensation Scheme (FSCS) to be tabled in the House of Commons by an MP.
MMA launches scheme team
Broker-only insurer MMA has formed a dedicated schemes team designed to build on the 20% growth of commercial schemes it experienced in 2010.
FSA trebles fines to £97m
The Financial Services Authority (FSA) trebled the value of fines it collected from financial services businesses in just one year, from £33.1m to £96.7m, according to Reynolds Porter Chamberlain (RPC).