News
Claims farming clampdown needed to cut motor costs
The insurance industry must tackle the ongoing rise in claims farming in order to reduce overall motor claims costs, according to a recent report issued by Defaqto.
Confidence grows as broker recruitment activity picks up
Broker recruitment activity has increased by between 50% and 60% this year, according to financial recruiting company Joslin Rowe.
Record FSA fine prompts call for brokers to help tackle fraud
Brokers have been called on to do more to support the Financial Services Authority's (FSA) crackdown on fraudulent behaviour after the regulator imposed one of the largest ever fines on an individual.
Further cuts at Tesco Compare
The majority of staff at Tesco Compare's Redhill base have been put on redundancy notice raising questions over the aggregator's future.
Power hour debate appeals for 'remote' CII to give helping hand
The Chartered Insurance Institute (CII) has been accused of being "London-centric" and remote at an Insurance Age roundtable event in Newcastle.
Further changes at Brit as distribution boss bids farewell
Brit Insurance's head of distribution Tim Grant is leaving to join Dual Corporate Risks, Insurance Age can reveal.
NTR pilot to ease complex business underwriting
Broker Network is piloting a network trading room (NTR) environment that aims to allow members to place complex commercial risks.
Ink seals Westinsure Group deal for mystery figure
Giles-owned Ink Underwriting Agencies has completed the acquisition of the Westinsure Group for an undisclosed sum.
Adrian Flux confirms plan to grow workforce
Norwich-based Adrian Flux has announced it is to create 150 jobs as it gears up for further expansion. The broker, which appears in this year's Top 50 Brokers in Personal Lines supplement, already employs 480 staff at its offices in King's Lynn and…
Potential Aviva sale to shape outlook for composites
The future of the composite model remains uncertain as the industry waits to see if another insurance giant will swoop on Aviva's general insurance arm.
Equity Red Star slammed for being too slow to adjust reserves
Equity Red Star should have taken quicker and more decisive action in reserving for increasing bodily injury claims according to a report produced by JP Morgan.
Expo introduces clinics
The Broker Expo has expanded its workshop programme for 2010. Building on the practical aspect of the successful workshop programme, new focused broker clinics have been developed to give brokers the opportunity to delve deeper into the issues that…
Motor insurers' excuses for poor results rejected
Insurer claims that increases in bodily injury costs are to blame for poor performance in the private motor market may be misleading, according to industry experts.
CBG reports fall in revenue but rise in profit
CBG Group has reported an 11.6% fall in revenue to £4.09m for H1 2010 (H1 2009: £4.63m) following the disposal of “non-core elements” of its personal lines business in February this year.
Thistle establishes professional liability practice with new hire
Thistle Insurance Services, a member of the Jardine Lloyd Thompson (JLT) Group, has appointed Zahid Naqvi, as director of its professional liability practice.
Thomas, Carroll comes out on top at this year's Broker Awards
Thomas, Carroll walked away with Intermediary of the Year and chairman John Moore bagged the Achievement Award at this year's UK Broker Awards.
Quinn's UK commercial insurance ban stands
The Irish regulator and the Central Bank have confirmed an earlier decision that prevents Quinn Insurance writing commercial insurance in the UK.
WCM appoints Jim Ramage as non-executive director
Lloyd’s managing agent Whittington Capital Management (WCM), part of insurance investor and services provider Whittington Group, has appointed Jim Ramage as an independent non-executive director.
CII launches cheaper student membership scheme
The Chartered Insurance Institute is launching a reduced-price membership scheme for UK university students to attract more talent to the insurance and financial planning sectors.
Insurance Age blog: Can brokers save the industry's cred?
Since I started writing for Insurance Age in July last year I have heard so much said about how the public perception of insurance needs to change.
Arc wins Aviva contract
Arc Legal Assistance has been appointed by Aviva as provider of its household and travel legal expenses to a significant proportion of its personal lines customers.
European trade credit insurance market turns corner in 2010, according to Marsh
New insurance capacity, increased competition for business among insurers and improved risk management have led to positive developments for buyers of trade credit insurance across most of Europe in 2010, according to Marsh.
Landlords need to protect against increased dope farming
Following a recent report by the Association of Chief Police Officers (ACPO) highlighting the breadth of cannabis farming in the UK, Aviva has warned property owners to be vigilant when vetting potential tenants, as well as inspecting their properties,…
Axa selects Martin Eyres to lead mid corporate risks
Axa has appointed Martin Eyres as head of mid corporate risks.