News
PMI insurers accused of broker bullying to protect claims data
Private medical insurers (PMI) have been accused of threatening to cut off brokers that “rock the boat” over the issue of claims data transparency.
Fusion and NFU Mutual go against grain with jobs drive
Insurance recruitment drives at Fusion and NFU Mutual have bucked the trend of rising unemployment in the wider economy.
Fears trade bodies are on IMD2 collision course
The Association of British Insurers (ABI) and the British Insurance Brokers' Association (Biba) could be on a collision course over the revised Insurance Mediation Directive (IMD2).
CBI calls for greater female presence in boardrooms
All UK listed companies should have to set targets for the number of women in their boardrooms, according to the Confederation of British Industry (CBI).
Ex-Giles duo join forces to launch Amicus
Two former Giles employees have launched a new brokerage, Amicus Insurance Solutions, with the aim of hitting £1m commission by the end of 2013.
Higos reveals three-year plan of acquisition and organic growth
Higos Insurance Services has embarked upon an ambitious growth plan that could see it more than double in size over the next three years.
Moorhouse online arm set to write £50m GWP
Welsh broker Moorhouse's online commercial arm Constructaquote is aiming to write £50m of gross written premium (GWP) by the end of 2013.
Towergate: SME provision deal 'just the beginning'
Towergate Insurance has claimed its deal with Comparethemarket.com to provide insurance to small to medium-sized enterprise (SME) customers is "just the beginning" of its online SME strategy.
Cullum trade-off for IPO
Peter Cullum will lose his majority shareholding in Towergate Partnership as part of a new equity deal, Insurance Age understands.
Axa and Zurich reorganise management and operations
Axa and Zurich have revealed the results of internal restructures.
FSA regulatory approach under threat as BBA launches review
The Financial Services Authority's (FSA) principles-based approach to regulation has come under threat from a legal challenge brought by the British Bankers' Association (BBA).
Brokers' expansion plans face lengthy delays
The Financial Services Authority (FSA) is taking more than twice as long to approve regulated firms' expansion plans, known as a variation of permission.
RBSI gives green light to Devitt Insurance Services MBO
RBS Insurance (RBSI) has agreed to sell Devitt Insurance Services to three of its existing senior management team, led by managing director William Hughes.
News review: December
A brief round-up of December's news.
Westinsure network moves east while competitors eye members
Rival networks have begun to circle Westinsure in the wake of a series of upheavals since its takeover by Ink Underwriting.
Lord Levene calls for cover of digital dangers to climb higher on businesses' priority lists in 2011
Many companies are still unintentionally exposed to digital risks and mistakenly believe they have coverage from their existing insurance, according to a new report from Lloyd's.
Biba to issue brand guidance after old name is hijacked online
The British Insurance Brokers Association (Biba) has warned members of the threat of online brand hijacking after taking legal action to protect its own name.
Solicitor watchdog's PI plans will create an 'uneven playing field'
A new proposal from the Solicitors' Regulation Authority (SRA) to shake up the rules around professional indemnity (PI) requirements could create an "uneven playing field" within the insurance broking community, experts have warned.
New credit rating service Litmus Analysis enters the financial market
A new credit ratings analysis service, which aims to clarify how ratings are calculated, has been launched.
Polly C - the hottest insurance gossip
The Swinton Christmas shindig at the Waldorf saw the industry's great and good flock to quaff champagne and discuss the highs and lows of 2010.
New regulatory bodies need more power, says Sants
If it is to succeed in its goals, the new UK financial regulatory system will need to wield more power than the existing regulator.
Schemes news: First of its kind PL and EL scheme for ABRS members
Ravenhall Group's rural division has launched a public and employers' combined liability scheme for the Association of British Riding Schools' (ABRS) members.
Merry Christmas and a happy New Year
All the team at Insurance Age wish you a happy Christmas and peaceful New Year.
Only 5% of companies have adequate product recall cover, warns Cunningham Lindsey
Loss adjuster Cunningham Lindsey has announced a ten-fold increase in the number of product recall claims it has handled in the past year and warned that most companies do not have adequate cover in place.