News
MSL policy gets makeover
MSL Legal Expenses has revamped its legal expenses policy for businesses, which provides up to £50,000 financial protection for legal costs per claim.
Axa e-product joins Acturis
Axa has released a commercial combined e-trade product to brokers on the Acturis platform on an open market basis.
Bespoke classic car scheme unveiled
Independent insurance and financial services group Lucas Fettes has launched a new bespoke classic car scheme for the motor trade.
Product launches: MMA initiates variable rates
Broker-only insurer MMA has introduced variable commission rates for brokers transacting new business for MMA's Master Tradesman product.
Product launches: ATE claims support offered
Lorega has launched an after-the-event (ATE) claims preparation, mitigation and negotiation service.
CFC suite to tackle risks arising from digital media
Specialist lines underwriting agent CFC aims to address a host of emerging media risks including social networking with its new suite of products.
NIG exit sparks RSA return to personal lines
RSA has expressed a renewed appetite for personal lines business after admitting it had previously been "deliberately underweight" in this area.
Allianz head urges industry to match motor hikes
Allianz chief executive, Andrew Torrance, has called on the market to push up rates, as he promised further double digit increases in private motor in 2011.
RBSI puts operating loss down to bodily injury claims injection
The chief executive of Royal Bank of Scotland Insurance said its results were heavily impacted by the need to boost its reserves for bodily injury claims after reporting a £253m operating loss for H1 2010 (H1 2009: £217m profit).
Groupama reports stagnant broking revenues
Combined revenues of Groupama Insurances' UK broking businesses have remained relatively flat at £33.3m during H1 2010 (H1 2009: £34.1m).
Aviva boss lists three reasons for fall in GI operating profits
Aviva's UK general insurance chief executive, David McMillan, said the dip in the insurers' general insurance and health operating profits was due to its decision to release fewer reserves this year.
Individual responsibility required to reduce NHS strain
More people will be required to take out health insurance over the next decade as their access to free healthcare becomes increasingly limited, according to a new report by Friends Provident.
Employee risk costs could soar under retirement proposals
The Government's decision to scrap the default retirement age from October 2011 could lead to key benefits becoming uninsurable for older employees, Mercer has warned.
HMRC stipulates VAT exemption conditions for online intermediaries
Online insurance intermediaries must look closely at their business models in order to qualify for VAT exemption following a briefing by HM Revenue and Customs (HMRC).
Birmingham exposed as worst 'crash for cash' area
Birmingham has topped the Insurance Fraud Bureau's (IFB) top 20 league table of crash for cash hotspots in Q2 2010.
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…