News
Over 1,000 jobs lost as Auto Windscreens is closed
The administrators of Auto Windscreens have confirmed that 1,042 staff have been made redundant and the business closed.
Markerstudy buys part of Auto Windscreens
Markerstudy has confirmed that Trifords, part of its group of companies, has acquired selected assets from the liquidation of Auto Windscreens.
Insurance Age blog: FSCS - time to go to war?
So I ask, is it time for a court case? Has diplomacy failed and is it time to wield the big stick with a class action?
Bluefin chief calls for Aldermanbury Declaration to be precondition of agency
Bluefin chief executive, Stuart Reid, has called for commitment to the Aldermanbury Declaration to be a precondition of securing an insurer agency.
Admiral confirms plans to move into household arena
Chief executive of Admiral, Henry Engelhardt, has confirmed that the insurer is planning to move into household insurance.
1 Answer Network breaks through 50 member mark
1 Answer Network has signed four new members in February lifting its total member tally to 52.
APC aims to double SME book with new underwriting model
APC has implemented a new area rating underwriting strategy for the lower crime level areas throughout the UK and Northern Ireland with the aim of doubling its SME business in five years.
CCV signs Aldermanbury Declaration
Cullum Capital Ventures (CCV) has joined sister company Towergate in signing up to the Chartered Insurance Institute’s Aldermanbury Declaration.
LV experiences rapid growth and profit hike but takes £30m hit in December
LV experienced accelerated growth in 2010, increasing premiums by 45% to £1.18bn, but recorded an underwriting loss of £43m.
Biba lobbies Office of Fair Trading on PMI
The British Insurance Brokers' Association (Biba) has welcomed the Office of Fair Trading’s private healthcare scoping paper but urged it to address the activities of private medical insurance (PMI) companies.
Profits fall and combined ratio deteriorates at RSA
RSA has reported a 15% fall in profits after tax to £355m (2009: £419m) while net written premiums increased 11% to £7.5bn (2009: £6.7bn) in the year ended 31 December 2010.
Gallagher continues growth plan with Woodbrook buy
OIM Underwriting, Arthur J. Gallagher International’s current MGA platform, has acquired all of the assets and business of Woodbrook Underwriting Agencies.
Four arrested in latest coup for fight against fraud
Four men have been arrested as part of Operation Sledgehammer, an investigation into organised crime in the North-east region.
E-trading could kill off manual micro SME by 2013
All micro small to medium-sized enterprise (SME) business will be transacted online by 2013, according to Darren Rowe, sales manager at Powerplace.
Biba rallies brokers to lobby Parliament on FSCS fees
The British Insurance Brokers’ Association (Biba) has contacted members urging them to write to their Member of Parliament regarding the escalating cost of the Financial Services Compensation Scheme (FSCS).
Lockton recruits former chairman of RICS in Scotland
Lockton has appointed Janey Milligan as a consultant to its professions team in Scotland.
Video interview: Peter Cullum on Towergate's refinancing
Days after Towergate Partnership announced the completion of its refinancing and £200m investment from private equity firm Advent International, founder and chairman Peter Cullum CBE spoke to Post about what now lies ahead for the broker.
New CEO at Brightside’s insurance broking division
Brightside has appointed Alan Sanderson in the new role of chief executive officer for its insurance broking division.
ABI casts doubt on FOS' need to increase reserves
The Association of British Insurers (ABI) has responded to the Financial Ombudsman Service (FOS) by questioning the need for an increase in reserves and calling for a push on transparency.
Two promotions at Towergate
Towergate has promoted Keith Harrison and Keith Jackson to the positions of chief operating officer, commercial underwriting and commercial director of commercial underwriting respectively.
Heath Lambert reportedly in takeover talks
Arthur J Gallagher International is in takeover talks with London market broker Heath Lambert, say sources close to the company.
Zurich appoints director of personal lines broker business
Zurich has appointed Gareth Howell as the director of UK personal lines broker business, reporting to Karl Bedlow, managing director of UK personal lines.
NIG's rates guarantee is suicidal according to Groupama CEO
Groupama Insurances CEO, François-Xavier Boisseau, has fired a broadside at NIG and its controversial ‘guarantee to beat’ rate offer to brokers, describing the move as suicidal.
Plum attributes growth to broker demand for non-standard cover
Plum Underwriting has reported a 54% increase in sales for the year ending June 2010 and revealed that it has more than doubled its agency base.