News
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.
Cunningham Lindsey introduces regional structure in bid to work more closely with brokers
Cunningham Lindsey has restructured its property services division with the creation of a regional structure, covering: London; the South; Midlands and East Anglia; the North and Northern Ireland; and the North East and Scotland.
Ecclesiastical pulls out of the London market
Ecclesiastical has announced its plans to cease underwriting London market business and begin the run-off of the existing portfolio of its subsidiary Ecclesiastical Underwriting Management (EUM).
PB Week: Hitting the wall
As a business consultant for firms across a range of different industries I see a wide variety of weird and wonderful - and often less than wonderful - things going on in companies.
Cobra returns to profit
Cobra Holdings has reported a pre-tax profit of £392,000 for the year ended 31 March 2010, compared to a loss of £23,000 the previous year.
Goldman Sachs hit with £17.5m FSA fine
The Financial Services Authority (FSA) has fined London-based firm Goldman Sachs International (GSI), part of the Goldman Sachs Group, £17.5m for breaching FSA principles.
The Policy Shop creates property division
Coventry-based broker The Policy Shop has launched a new property division which will lead to the creation of up to 40 new jobs over the next 12 months.
Keychoice Underwriting launches to broker members
SSP-owned commercial underwriting agency, Keychoice Underwriting, has officially launched its commercial combined, package and property owners products to Keychoice Network members, with additional commercial lines products to follow later in the year.
Sullivan returns at Willis
Former AIG boss Martin Sullivan, who was in charge during the financial crisis, returns to work.
Willis to appeal Indian regulatory renewal rejection and form new joint venture
Willis Group Holdings is to appeal the decision by the Insurance Regulatory Development Authority (IRDA) that it is "not inclined to accept" the license renewal application of the broker's joint venture in India, Willis India Insurance Brokers Pvt…
TGIC reports rise in profits and turnover
The Green Insurance Company (TGIC), which was set up three years ago, has reported a pre-tax profit of £670,000 for 2009, up from £35,000 the previous year.
David Oliver Associates launches new commercial policy
Underwriting Agency David Oliver Associates (DOA) has chosen Sterling Insurance Company to underwrite its new Platinum Commercial Combined policy.
Aviva appoints head of new business sales
Aviva has appointed Ian Valentine as head of new business sales.
Margaret Cole appointed to FSA Board
Margaret Cole has joined the Financial Services Authority Board as managing director of enforcement and financial crime, effective from today, 7 September 2010.
LV reaps benefits of below average motor rate increases
LV has increased motor rates by 25% but its general insurance managing director John O'Roarke said that it has still been possible to write profitable business.
UK insurance consumers seeking return to "corner shop" approach
Some 72% of UK consumers would show greater loyalty to insurance providers that demonstrate they know who they are and can refer to all aspects of the client’s history during any transaction, according to research.
Axa launches online portal for personal lines brokers
Axa Insurance has launched an online portal for independent personal lines brokers called PartnerSpace, which provides a forum designed to allow intermediaries to discuss business issues and ideas with the insurer and their peers using social media…
Coversure opens new branch in Leicester
Coversure has opened its 90th office with the opening of a new branch in Leicester. It follows recent openings in Newcastle, Tamworth and London.
Ecclesiastical hires former RSA broker director in newly-created role
Ecclesiastical has appointed Kevin Jones, who was formerly commercial director in the UK broker division at RSA, in the newly-created role of director of strategic development.
LV sees broker business soar by over 50%
LV’s results for the six months ending 30 June 2010 have revealed a 56% increase to £300.6m (H1 2009: £193.1m) in broker business.
Marsh raids Aon for director in Isle of Man
Marsh has appointed Ann Collins to the newly created role of client service director of its insurance broking operations on the Isle of Man.
CII launches online ethics course
The Chartered Insurance Institute (CII) has launched an online learning course in ethics for all Personal Finance Society (PFS) and CII members in response to a dip in public confidence in insurance.
EU gives green light to super regulators
The European Union (EU) has reached an agreement on the reform of financial supervision, paving the way for the creation of new pan-EU supervisory authorities which will oversee controls on banks and insurers.