News
Injury claims costs in motor rising by nearly a third a year, claims Towers Watson
The cost of injury claims in the UK car insurance market has grown recently by nearly 30% per annum according to Towers Watson.
Simplybusiness hires underwriting manager from Hiscox
Simplybusiness.co.uk has announced the appointment of Deborah Reid as underwriting manager.
Open GI links with imarket
Open GI has joined forces with imarket to provide a range of new commercial insurance products on its Open Trader platform.
Lloyd's profits drop by over 50%
After the "costliest" half year since it began interim reporting, Lloyd’s has reported that its profit before tax has more than halved to £628m (June 2009 £1.32bn) while the combined ratio has risen to 98.7% (June 2009 91.6%).
29% of chief executives have no worries
Survey finds some surprises in the attitudes of chief executives, but further down the chain there is deep concern about redundancy.
Brightside reports rise in revenue and profit
Brightside Group has reported a 24% rise in revenue to £26.6m for H1 2010 (H1 2009: 21.4m).
Zurich targets mid-sized market
Zurich has announced it is launching a new strategy and product suite for its mid corporate business customers.
HSB raids Powerplace for South East broker development exec
Specialist engineering insurer HSB Engineering Insurance has hired Bryony Glover to the position of development executive for London and the South East region.
BLG expands following purchase of Halliwells' insurance arm
Due to the Halliwells acquisition, Barlow Lyde & Gilbert (BLG) has occupied a further four floors of its existing premises in Chancery Place, Manchester.
Video: Broker Expo workshop - sneak preview
Welcome to a short series of videos giving a sneak preview of what you can expect from the four workshops at this year's Broker Expo
Insurance broking sees rise in profitability, survey says
Activity in the UK financial services sector grew in the last three months at the fastest rate since June 2007, although this growth was much slower than was expected, according to the latest CBI/PwC Financial Services Survey.
Xchanging hires new broking chief from Marsh
Xchanging has announced the appointment of former CEO of the specialities and large accounts division of Marsh, Artur Niemczewski, as managing director of Xchanging Broking Services (XBS).
Former HSBC brokers join Northern Counties
Northern Counties Insurance has hired Susan Elliott and Alison Melrose as corporate client executives.
Brit planning to recommend offer from Apollo and CVC consortium
Brit Insurance has confirmed receiving a cash offer of £10.75 per share from a consortium formed by Apollo Management and CVC Capital Partners.
Broker Moorhouse launches life insurance division
Welsh broker Moorhouse has launched Moorlife to provide its general insurance clients with access to life insurance products.
NPA acquires commercial insurance broker Noyce Livett
NPA Insurance Broking Group has announced the acquisition of Aylesbury-based Noyce Livett.
Brokers urged to ensure clients sign up to climate change scheme
Allianz Engineering said it is reminding brokers of the 30 September deadline for businesses to sign up to a Government-backed climate change and energy-saving scheme.
Fortis signs £59m travel deal with Tesco
Fortis has agreed a five year deal with Tesco Bank to provide underwriting, claims management and sales and service support to Tesco Bank’s travel insurance customers.
Insolvency rate falls to three year low
The latest Insolvency Index from information services company Experian, has revealed that the rate of insolvencies dropped to 0.07% in August, the lowest point since June 2007.
PB Week: Retirement becoming a dream?
I have read a series of stories in the last few weeks about well qualified people in their late fifties in the US, struggling to return to work. The articles raise serious questions about the nature of retirement and the lasting effects of the recession.
Insurance Age blog: What I learnt from Oktoberfest
The original Oktoberfest occurred in Munich, on October 12, 1810 to commemorate the marriage of Crown Prince Ludwig (later King Ludwig I) and Princess Therese of Saxe-Hildburghausen. The event was so successful that the decision was made to renew it in…
Groupama aims to boost brokers counter fraud activities with new hire
Andy Pagett has been appointed by Groupama Insurances as counter fraud manager. He joined Groupama from Fortis and reports to head of technical claims, Steve Caffrey.
Cable's speech divides national press
The Business Secretary's speech warning of the dangers of capitalism at the Liberal Democrats conference yesterday has divided opinion in the mainstream media.
Acturis climbs Sunday Times technology league table
Software company Acturis has risen 10 places to 65 on the Sunday Times Microsoft Tech Track 100 league table.