News
Barbon expands lettings division with South west acquisition
Barbon Insurance Group has acquired Teignmouth-based residential lettings specialist, Rentshield.
JLT trading performance "in line with expectations"
In a management statement for the period 1 July to 8 November, Jardine Lloyd Thompson (JLT) said it's trading performance is in line with expectations, that organic growth across the group is encouraging and that it remains on track to make financial…
Ecclesiastical to establish London broker regional centre
Ecclesiastical is turning its city office operation into a London regional centre, headed by former national broker sales manager Paul Glasper (pictured).
Aviva launches iPhone claims application
Aviva has launched a free iPhone application (app) which has been designed to allow policyholders to file a motor insurance claim remotely from their iPhone.
1 Answer Network targets growth with new hire
The personal lines network has appointed Neil Jenkinson as client relationship director.
Hiscox UK sees growth while group experiences slight dip
Hiscox’s interim management statement for the first nine months of the year to 30 September 2010 has revealed its UK retail business premium income has grown by 8.9% to £249.1m (2009: £228.7m) with the direct business growing by 22%.
Markel reports 13% rise in GWP
Markel International has reported a rise in gross written premiums (GWP) to $574m for the nine months ending 20 September 2010, compared to $510m for the same period last year.
FOS compensation case gives industry much needed clarity over claims
Claimants who accept a Financial Ombudsman Service (FOS) final determination will be bound by it and will not be able to then bring a civil claim through the courts against their broker in respect of the same claim following a recent High Court decision.
Video: Keychoice Underwriting's Jonathan Davey argues the case for MGAs
In an exclusive interview with Insurance Age, MD of Keychoice Underwriting, Jonathan Davey, argues that MGAs continue to deliver value to both broker and insurer alike.
Record numbers flock to Broker Expo 2010
A record-breaking 750 brokers attended the sixth Insurance Age Broker Expo at Coventry's Ricoh Arena.
RBSI reports £33m loss for Q3 2010
Royal Bank of Scotland Insurance (RBSI) has reported a £33m operating loss for Q3 2010, compared to a £203m loss in Q2 2010 and a £11m profit in Q3 2009.
RSA UK premiums increase 10%
The insurer has reported a 10% rise in premiums to £2.17bn for the nine months to 30 September 2010.
Only one in ten automatically renew car insurance
UK consumers are the most determined to shop around for a good deal on insurance, and the least likely to stay loyal, according to Datamonitor.
Cooper Gay CEO resigns
Cooper Gay Swett & Crawford Group (CGSC) has announced that the company has accepted the resignation of Jim Summers, CEO of the Group’s UK based Lloyd’s broker, Cooper Gay & Co.
Regulator puts brakes on FSCS review
The Financial Services Authority (FSA) has put on hold plans to overhaul the Financial Services Compensation Scheme (FSCS) in the wake of this year’s sharp levy hike.
News: Large-scale pension reforms loom
If you do not have a pension scheme in place, then now is the time to act, as a series of state-mandated reforms is set to bite following the Spending Review.
Alex Broad
It is with great sadness we announce the devastating news that Alex Broad, publisher of PB and sister title Insurance Age died in early October.
THB sells motorsport division
The Board of THB Group has reached agreement to sell THB Clowes to the Lloyd's broker Ellis Clowes & Company, headed by Karen Ellis.
Antur acquires broker DW Burrows
Welsh broker Antur Insurance has announced its acquisition of Barry-based broker, DW Burrows, in a bid to strengthen its competitive edge in South East Wales.
One in four pay off other driver after crash
A quarter of drivers have avoided using their motor insurance by giving money to a driver they have crashed into to fix the damage, according to website Myvouchercodes.co.uk
Deloitte says industry must address issue of brokers selling motor at a loss
Motor insurers need to increase their premiums while maintaining their customer base in order to return to profitability, according to Deloitte.
Majority of brokers say clients unwilling to pay more for environmental products
Nearly half (49.6%) of brokers believe there is a market for insurance products incorporating environmental elements, but only a minority believe customers would be willing to pay a higher premium for them, according to research by Ecclesiastical.
Aviva's Q3 UK GI premium soars 12%
In its UK general insurance business, Aviva has reported a 12% rise in net written premiums to £1.05bn in Q3, compared to £927m in the same period last year.
Brokers strive for growth with series of recent acquisitions
Access Insurance, Cullum Capital Ventures (CCV) and LFC Insurance Group have all revealed ambitious growth targets following a spate of recent acquisitions.