News
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.
Insolvency rate for UK business hovering at 0.08%
The latest Insolvency Index from Experian has revealed an overall improvement in insolvency rates since early 2009.
GDP rises 0.8% in Q3
The UK’s gross domestic product increased by 0.8% in the third quarter of 2010, according to figures released by the Office for National Statistics.
Brit reaches agreement at £888m with bidders
Insurer set to be sold to private equity houses
Jelf targets scheme and affinity growth
Jelf has appointed Andy Tedstone as partnerships director, reporting directly to Phil Barton (pictured), chief executive (insurance) within the Group.
CCV snaps up another two businesses
Cullum Capital Ventures (CCV) has acquired the general insurance arm of Bolton-based Standrings and Sussex-based Goodwood Insurance Services.
Without innovation insurance industry will falter, according to CII debate
Industry experts at a round table event hosted by the Chartered Insurance Institute (CII) agree that the entrepreneurial spirit exists in smaller regional businesses but that larger corporations were slower to act.
Liberty boosts UK property team with hires from QBE and CNA
Liberty International Underwriters Europe (LIU Europe), a division of Liberty Mutual Group, has made three new regional appointments to its UK property insurance team.
Insurance Age blog: Disgruntled from Barnet
While our traditional British reserve, or some might say apathy, means that we haven't followed our French neighbours in taking to the streets, setting a few cars alight and literally running riot, I don't think it will be long before the full impact of…
Jelf share price climbs as it slashes debt
Broking group Jelf has more good news for the market
Transactor embarks on quotation enhancement trial
Transactor Global Solutions is trialling the use of key external databases in a bid to enhance the quotation process in private motor, motor cycle, commercial vehicle, and household insurance.
A fifth of CII members fear redundancy
The Chartered Insurance Institutes's (CII) annual skills survey shows that 21% of members were worried about losing their job, compared with 26% in 2009.
Video: Broker Expo workshop - sneak preview
In the last of our series, Stephen Archer, director of business consultancy Spring Partnerships, discusses his workshop on how to find business opportunities in the era of austerity.
NIG appoints two underwriting managers
NIG has appointed two new underwriting managers for their motor trade and property owners lines of business.
Meehan considering his options
Paul Meehan, formerly customer services director of Axa, is on the move.
Willis opens new Birmingham office
Willis Group Holdings has opened a new office in Birmingham's jewellery quarter.
IIB asks if regulator sees brokers as "soft touch"
The Institute of Insurance Brokers (IIB) has criticised the HM Treasury’s Consultation Paper for not putting forward any firm ideas on the future regulation of the insurance broking sector.