News
Insuring David Beckham
Following the news that David Beckham’s proposed loan move to Tottenham Hotspur was being affected by insurance issues, Manchester-based broker CBG group has calculated the insurance cost for the short-term loan as being a minimum of £300,000.
Simply Business targets £100m GWP
Simply Business, the online broker for small to medium sized enterprise business, has unveiled a gross written premium target of £100m by the end of 2012, up from £41m last year.
LMA speaks out in car insurance investigation
The Lloyd’s Market Association (LMA) has warned MPs that a reduction in the price of motor insurance can only be achieved if the risks and costs borne by insurers are reduced.
Car insurance study champions niche players
In Which’s latest study of motor insurance for the over 50s, NFU Mutual and 50 plus Insurance Services came out on top while household brands such as Aviva and Axa failed to gain recommended status.
Government to crack down on uninsured drivers
The British Insurance Brokers’ Association (Biba) has welcomed the news from Transport Minister, Mike Penning MP, that new powers to tackle uninsured driving will come into force within months.
Biba renews call for Government action on spiralling motor insurance costs
The British Insurance Brokers’ Association (Biba) has again called on the Government to implement an eight point plan to reduce the spiralling cost of motor insurance.
PPI complaints hit FOS budget
The Financial Ombudsman Service (FOS) has published for public consultation its proposed budget for the next financial year (2011/2012) – together with an update on the numbers and workload for the current financial year (2010/2011).
Axa confirms Amanda Blanc’s start date
Axa has confirmed that Amanda Blanc will start as chief executive officer of its UK commercial lines business on Monday 14 February 2011.
Brokers increasingly optimistic, survey shows
The latest CBI/PwC Financial Services Survey has found that in the three months to December optimism in the insurance broking sector rose at its fastest rate in a year with 48% more firms positive than negative about the outlook.
1 Answer becomes first network to sign up to Powerplace
Personal lines network, 1 Answer, has pushed into the commercial arena by joining Powerplace.
Ant Gould set to take up new role at the CII
Insurance Age group editor in chief Ant Gould is set to take up the role of director of faculties at the Chartered Insurance Institute from 21 March.
Insurance Age blog: It's a numbers game really
If you've ever been lucky enough to pick up a copy of The Curious Incident of the Dog in the Night-Time you may already be aware of the door conundrum, generally known as the Monty Hall Problem.
Ageas responds to retail growth with senior restructure
Ageas UK has announced key appointments to support the growth of its retail operations reporting into retail managing director Andy Watson.
Groupama appoints IFB analyst as counter fraud investigator
Groupama Insurances has appointed Marc Yeates in the role of counter fraud claims advisor.
UK General reveals plans to grow travel market share
UK General, has appointed Chris Chadwick to head up its travel underwriting team as it seeks to grow its market share in the UK travel insurance market.
FSA fines and bans broker for part in fraud scheme
The Financial Services Authority (FSA) has fined an intermediary £25,000 and banned him from working in regulated financial services for his part in a scheme that defrauded insurers of more than £2m.
Oamps grows UK presence with credit team
Oamps Special Risks has launched a new credit insurance division in the UK, Oamps Credit.
New general insurance technology offering for intermediaries launched
Founding directors, Gregg Taylor and Neil Harkin, have launched What-Insure, a general insurance trading platform for intermediaries.
Number of fraudulent household insurance claims eclipsing motor, warns ABI
Home insurance is now the number one target for insurance fraudsters according to the Association of British Insurers (ABI).
Cullum bags CBE for business and charity work
Towergate Partnership founder and chairman Peter Cullum has been recognised as a Commander of the Order of the British Empire in the Queen's New Year Honours List.
Industry voices worries over VAT rise
Following the rise in the rate of Value Added Tax (VAT) and insurance premium tax (IPT) Peter Hayman, director at travel insurance specialist P J Hayman, has called for the standardisation of tax across all forms of insurance.
Simply Business aims to extend SME reach with new hire
Online insurance broker Simply Business has hired Underwired Amaze to develop an electronic customer relationship marketing programme.
Towergate loses Blanc to Axa commercial lines
Axa has appointed Amanda Blanc as chief executive of its commercial lines business, which includes broker Bluefin.
Giles makes record buy despite fall in results
Giles has made the largest acquisition in its history despite experiencing a drop in turnover and earnings for 2010.