News
Market Moves
A monthly look at who is moving where...
Product launches: Sterling wins DOA contract
David Oliver Associates (DOA) has chosen Sterling Insurance Company to underwrite its new Platinum Commercial Combined Policy.
News review: September
John Lewis unveiled plans to rebrand its insurance offering as it targeted "rapid growth" in the insurance market.
Industry's achievers reap the benefits at UK Broker Awards
Thomas, Carroll and Caravan Guard scooped two awards apiece at this year's UK Broker Awards.
Aggregator surge could hamper insurers' IT
Software experts have raised concern that the growing popularity of comparison sites is causing IT troubles for UK insurance companies.
Lloyd's hopes to boost market share by 'getting out to regions'
Lloyd's new regional manager of UK and Ireland, Keith Stern, has revealed plans to target regional brokers in a bid to boost market share.
Barbon set to expand as comeback proves a success
Managing director of Barbon Insurance Group, Martin Oliver, has said the business was fighting back and had reclaimed a majority of the business it lost in its lettings and commercial property business as Erinaceous Insurance Services.
Broker's balatant misuse of client money leads to FSA lifetime ban
The Financial Services Authority (FSA) slapped a lifetime ban on broker David Marriott after he used clients' funds to support his businesses and to finance bonuses, salary increases and new cars.
Product launch: Global water cover launched
Marsh has launched a contamination insurance product for water utility firms.
Jelf creates national business focused on community broking
Jelf's insurance chief executive, Phil Barton, has spoken of the company's future plans after creating a "significant new player" in the market.
Economic downturn leads to claim payout battle for brokers
The Association of British Insurers (ABI) has hit back at claims that brokers have had to fight harder to secure payouts for their clients during the recession.
Product launches: Aviva improves charity offering
Aviva has enhanced its offering for the charity and not-for-profit sector.
Non-environmental policies leave clients exposed
Brokers have been warned that client businesses relying on traditional public liability policies to insure against environmental risks could be "dangerously exposed".
Product launch: Online charity quote solution
Maven Underwriters has announced the release of its new online quote facility for charity insurance.
Axa online portal encourages discussion via social media sites
Axa has launched an online portal designed to allow personal lines brokers to discuss business issues and ideas with insurers and peers using social media channels such as Twitter, Linkedin and You Tube.
Fortis takes on travel customers in five-year deal
Fortis UK has announced it is to expand its existing partnership with Tesco Bank as part of a five-year deal worth around £59m in gross written premiums (GWPs).
Lloyd's brokers trial replacing traditional slips with iPads
Brokers are leading the way in the adoption of new technology in the Lloyd's market.
NIG business to be exempt from further RBSI office closures
Royal Bank of Scotland Insurance (RBSI) has assured brokers that NIG will not be impacted by recent office closure plans.
Alex Broad
It is with great sadness that we have to announce the devastating news that Alex Broad sadly passed away on Friday.
Fortis begins name change to Ageas
Fortis Insurance UK has begun a phased approach to change its name to Ageas in the UK. This follows the approval of shareholders earlier in the year to adopt the new name reflecting the company’s status as a standalone global insurance group after the…
LFC reveals growth plans after buying broker
Essex-based commercial broker LFC Insurance Group has acquired Chelmsford Insurance Centre (CIC) which has £2.25m gross written premium.
PB Week: From Munich to Hastings
Clive Galbraith, chairman of Hastings-based broker Green Campbell Fisk, reviews a week including the Oktoberfest and berating a Conservative MP about the FSCS levy.
FSA plans to bump up max compensation to £150,000
The Financial Services Authority (FSA) has proposed an increase in the maximum compensation which may be awarded by the Financial Ombudsman Service (FOS) from £100,000 to £150,000.
Government urged to cut red tape for SMEs ahead of spending review
The Forum of Private Business is calling on the Government to reform tax and red tape for small business ahead of the Comprehensive Spending Review.