News
Insurance Age blog: Broking - the stuff childhood dreams are made of?
As the new school year starts and the latest round of tearful parents wave their children off at the gates, their hearts full of hope that their little darling will eventually emerge from the education system as a brain surgeon or barrister, it seems as…
Axa appoints finance head
Waseem Malik has been appointed to the role of finance director at Axa Insurance.
QBE denies CEO replacement speculation
QBE chairman, Belinda Hutchinson, branded rumours that QBE is searching for an external replacement for CEO Frank O'Halloran as "completely false".
Series of appointments at Aon
Aon Risk Solutions has appointed Craig Preston as area director responsible for Aon corporate’s Reading and Southampton offices.
Ex Axa CEO joins Chaucer as non-exec director
Chaucer Holdings has announced the appointment of Mark Wood as a non-executive director from 1 September 2010.
Product review: Three options to suit all homes
The products reviewed in this article by brokers are rated from one to five, based on the policy's key benefits.
Arista reports 21% rise in income for H1 2010
Commercial lines underwriting specialist Arista Insurance has recorded a 21% increase in income in the first half of 2010, compared with the same period last year.
Aon Benfield appoints ratings agency head in UK
Aon Benfield has appointed Chris Myers as head of rating agency advisory for its UK and Europe, Middle East, and Africa regions.
Oval wins out of court settlement against former employees
The latest consolidator enforcement of restrictive covenants has seen Oval agree an out of court settlement with two former employees.
Marsh appoints new national corporate chief in the North
Marsh has appointed Richard Lloyd as head of its national corporate business in Carlisle and Newcastle, which provide risk and insurance advice for mid to large size corporates throughout the North of England.
Insurance Age has started blogging ... at last
Insurance Age now has its very own blog produced by the editorial team, editor Martin Friel, news editor Louise Meeson and senior reporter, Liz McMahon. Read on for the first couple of posts ...
Name change for NCG
NCG Professional Risks, the London-based Lloyd’s insurance and reinsurance broker, has changed its name to Oxford Insurance Brokers.
Ecclesiastical reports interim losses
Ecclesiastical has announced a loss of £9.9m in the first half of 2010. The figure is in stark contrast to the same period in 2009 when the insurer made a profit of £25.7m.
PB Week: On the march with the Tartan Army
It was with a sense of optimism that David Ross, the Chartered Insurance Institute’s director of communications, and I set off to Stockholm recently for a football friendly.
Brit Insurance boosts Glasgow operations
Brit Insurance has appointed Denise Fletcher and Karl Weidner to its Glasgow office. They join the property combined team, headed by Suzanne Sadahew, as underwriter and assistant underwriter respectively.
RBSI announces office closure plans and job cuts
Royal Bank of Scotland Insurance is to close 14 of its offices and plans to cut staff numbers at 12 other sites.
Fusion raids Allianz and Marsh for two broker-facing hires
Fusion has announced two key appointments which the company said reflects it commitment to "providing brokers access to a quality underwriting capability".
Fall in profits and revenue at Confused.com
Price comparison website Confused has announced a 10% fall in revenue and 20% decline in profit during the first six months of the year.
Fortis reports return to profit in Q2 but trails behind last year's H1 result
The insurer reported profit before tax of £8.4m for Q2 2010, an improvement on the £3.2m loss made in Q1, but behind last year's H1 profit of £26m.
Admiral's H1 2010 profit grows to £126.9m
Admiral's group profit before tax has soared to £126.9m for H1 2010, a 21% increase on the same period last year (H1 2009: £105.3m).
11 year high in claims against professional firms
High Court cases launched against professional firms for negligence have hit an 11 year high forcing more firms to borrow to pay increased professional indemnity insurance rates, according to independent finance provider Syscap.
FSA slaps Zurich UK with record fine for data loss
The Financial Services Authority (FSA) has hit Zurich UK with a record fine of £2.275m for failing to have adequate systems and controls in place to prevent the loss of customers’ confidential information.
Capita buys insurance scheme provider National Dental Plan
The Capita Group has acquired the National Dental Plan (NDP) group of companies for a cash consideration of £30m on a cash-free, debt-free basis.
QBE raids Chubb for accident and health underwriter
QBE has announced the appointment of Gemma Seymour as accident and health underwriter in its non-Lloyd’s A&H team.