News
Health news: PMI providers warned against taking advantage of public cuts
In the wake of the Government's controversial benefit cuts, health insurance providers have been warned against tapping into highly emotive areas by mutual insurer National Friendly.
Vacancy remains for Axa chief
Axa Insurance is still searching for a new commercial lines chief following a restructure of its UK business.
Big Society could offer brokers ray of light
The Government's sweeping public spending cuts could be a double-edged sword for regional brokers.
FSA bans show 'unacceptable behaviour' will not be tolerated
In its latest move in a series of crackdowns the Financial Services Authority (FSA) has banned a broker for attempting to overcharge a client and has cancelled the regulatory permission of two other brokerages and an underwriting agency.
Risk management/claims: Lord Young slams 'unnecessary' low-hazard risk assessments
Lord Young has called for a stop to low-hazard health and safety risk assessments as part of his review into UK compensation culture.
Polly C - the hottest insurance gossip
Claim Experts' latest board appointment has made Polly chuckle.
Marsh raids Towergate for senior network hires
Marsh has announced that Mike Rogers will replace Bruce Fertnig as head of Marsh ProBroker.
Trade credit MGA launched
Equinox Global has been launched with the aim of proving improved certainty of cover and increased transparency in the credit insurance sector.
Business turnover on the rise
Business turnover in Q3 of this year reached the highest level in almost three years, when the first signs of the banking crisis began to emerge, according to the latest Business Factors Index from Bibby Financial Services.
Powerplace closer to "perfect panel" with Aviva on board
Aviva has joined Powerplace’s panel of insurers.
Aritsa targets South Wales growth with new hire
Commercial lines underwriting specialist Arista Insurance has appointed Mark Chichester as senior underwriter to help develop the South Wales market and enhance its technical proposition to brokers in the area.
Aon Q3 results show 8% fall in UK broking revenue
Aon has announced that income from its risk and insurance brokerage in the UK fell 8% to $148m for the third quarter of 2010 [Q3 2009: $167m].
Insurance group secures major Lloyd's backing
The Prince's Trust Insurance Leadership Group has secured the backing of Lloyd's in a major funding deal for the next three years.
Oxygen poaches two senior hires from Aon to boost construction arm
Oxygen Insurance Brokers (Oxygen) has hired two new senior brokers as part of its plan to target further growth in the construction related professions.
Axa's UK personal motor revenues up 35% in first nine months 2010
Property & casualty revenues in the first nine months of 2010 were up 0.7% to €21.4bn across the group at Axa. The UK & Ireland saw a 1.4% increase compared to the same period of 2009 to €3.2bn.
Besso launches online commercial MGA
Besso Group has launched a managing general agent (MGA), named Gladstone Underwriting, to provide a “unique” online commercial underwriting facility.
Willis net income remains flat during first nine months
Willis has reported a drop in net income to $64m for Q3 2010 (Q3 2009: $78m) and net income for the nine months ending 30 September 2010 of $357m, which is the same figure as last year.
Banks could be faced with £5bn PPI compensation costs, say reports
According to Reuters, UK banks could have to pay out £5bn to compensate those that accuse them of mis-selling payment protection insurance (PPI) policies after a US bank warned it faces a big hit.
PB Week: Learning with the young
Recently my 14 year-old nephew came to the CII for a week's work experience, writes Alasdair Stewart, head of business development, general insurance, at the Chartered Insurance Institute.
APC launches fast food insurance offering in Ireland
Commercial insurance underwriting agency APC is launching a bespoke takeaways product designed to cover single or multiple shops and fast food franchises trading in Ireland.
Brit could be used as platform for acquisitions
A source close to the insurer bought earlier today, subject to shareholder approval, said purchases could be on the cards in the medium term
Biba health group gets ex Amii chairman on board as it tackles IPT
The former chairman of the Association of Medical Insurance Intermediaries (Amii) Mike Izzard has joined the Healthcare Focus Group of the British Insurance Brokers’ Association (Biba) along with Wayne Pointin, from Jelf Employee Benefits.
Keelan Westall raids Powerplace again for senior hire
Keelan Westall – part of the property and commercial division of Barbon Insurance Group – has appointed Damian Baxter as head of sales with responsibility for facilitating growth both in existing and previously untapped markets.
UK personal motor market to remain unprofitable for further five years
The UK personal motor market will remain unprofitable until at least 2015, according to a new survey of leading UK insurers by Towers Watson.