News
Profits and revenue rise at Brightside
Bristol-based broker Brightside Group has reported a 48.1% in revenue to £66.2m (2009: £44.7m) along with a rise in profits after tax from continuing operations to £6.49m (2009: £4.66m) in its year end results for 2010.
Man dealt one year prison sentence for personal injury fraud
A man who submitted an inflated £1.35m claim for damages for injuries in a car crash has been sentenced to one year’s imprisonment after the courts found him guilty of contempt of court.
Bupa 'first' claim met with scepticism
Rival private medical insurance providers have expressed surprise at Bupa’s claim to have secured an industry first in its cancer cover limits.
Ecclesiastical appoints product development leader
Ecclesiastical has named Jo Kibble as its new head of product and proposition development reporting to strategic marketing director Mike Mintram.
Competition Commission lays down rules over sale of PPI
The Competition Commission (CC) has published a list of requirements relating to the sale of payment protection insurance (PPI) in a bid to remedy the point of sale issues that have dogged he sector.
Ecclesiastical signs up to Home & Legacy panel
Mid and high net worth wholesale broker, Home & Legacy, has announced that specialist insurer Ecclesiastical is set to join the company’s household insurance panel.
Ageas announces Castle Cover acquisition
Ageas UK has acquired intermediary Castle Cover for £52.8m. According to the insurer, the purchase will increase its customer numbers to around eight million.
Market sentiment survey enters second week
There is still time to have your input and give your views in Insurance Age’s first Sentiment Survey of 2011, sponsored by Groupama Insurances.
The Aldermanbury Declaration - one year on: the debate
If you missed yesterday's live webinar debating the Aldermanbury Declaration - one year on - it is now available for viewing on-demand.
ABI gives thumbs up to Osborne's Lord Young promise
The Association of British Insurers (ABI) has welcomed UK Chancellor George Osborne’s promise to implement the recommendations in Lord Young’s report on health and safety in full.
Few early surprises in Chancellor’s 2011 Budget
Chancellor George Osborne has delivered his ‘Budget for growth’ which at first glance appeared to hold no nasty surprises for brokers.
RSA looks within business for new personal lines chief
RSA has appointed former MD of More Than, Mark Christer, as managing director, UK personal lines.
Stackhouse Poland buys Allison & Partners
Stackhouse Poland has bought Plexstar Insurance Services, which trades as Allison & Partners, for an undisclosed sum.
Stride breaks into commercial market
Stride expanded into the commercial insurance market with the immediate appointment of Sally McIntosh to head up a new dedicated commercial insurance unit.
Aon responds to Hector Sants’s financing call
Aon has called for the nature of risks posed by a firm to be taken into account when the FSA calculates fees.
Payment protection market urged to respond to Government consultation before deadline
As the period for the Treasury’s consultation on Simple Financial Products draws to a close, the protection insurance industry has been urged to respond or live with the consequences.
Bupa to cease offering restrictions on cancer cover
In what it claims to be an industry first Bupa has announced plans to stop selling corporate health insurance schemes which feature overall cost or time limits for cancer treatment.
Ecclesiastical wins dog walker case
Ecclesiastical has hailed its success in a recent court case with a dog walker who sued after slipping when walking dogs on grass as a “victory for common sense”.
FSA to cap headcount as it prepares for restructure
The Financial Services Authority (FSA) has published its business plan setting out the priorities for 2011/12 and implications for its budget.
Road safety minister addresses Biba parliamentary reception
The Government is to open up data held by the DVLA in an effort to combat motor fraud, road safety minister, Mike Penning told delegates at a parliamentary reception hosted by the British Insurance Brokers’ Association.
CBG remains confident despite fall in profit and revenue
CBG’s results for 2010 have revealed a drop in pre-tax profits to £842,000 (2009: £1.03m) with revenue also falling by just over £1.2m to £7.7m (2009: £8.96m).
UK brokers pay three times more for regulation than any other Euro state
The British Insurance Brokers' Association (Biba) chief executive Eric Galbraith called for a fresh approach to regulation as he revealed key findings of research into the cost and future of regulation.
New online motor caravan insurance portal targets 6,000 policies
Motor caravan specialist Peter Cue has launched an online quote and buy service for brokers on Victor Millwell, powered by CDL.
New software house launches platform for brokers
Wanna Insure has launched a end-to-end software platform which it claims reduces the development costs and implementation time for products inherent in legacy software house solutions.