News
Carbon Offsetting: Carbon offsetting in vogue
It is impossible to avoid emitting carbon, so paying someone else to make a carbon saving is an increasingly popular choice.
Legal: The opportunity of uncertainty
The vague Green Economy Bill is not an excuse for the industry to ignore climate change risks, rather to take a lead in tackling the problem and grab a big opportunity, writes Lindene Patton.
Viewpoint: The carbon challenge
Climate change remains controversial for broking. Either it is not discussed or it is addressed in the context of new business opportunities such as renewable energy. Regardless of a broker's positioning on climate change, it has become a regulatory…
L&G insurance profits increase to £14m for H1 2010
Legal & General’s (L&G) insurance division has reported a rise in operating profit to £14m for H1 2010, compared to £6m for the same period last year.
Insurance revenue grows 9% at Moneysupermarket
Moneysupermarket has reported a 9% increase in insurance revenue to £40.6m for the six months to 30 June 2010 (H1 2009: £37.1m).
Axa loses 18% of GWP in commercial as GI UK results falter
Axa has seen another drop in profitability in its UK GI business in the first half of 2010.
QBE reveals only one in six SMEs will hire staff this year
QBE's Investment in Staff survey of small and medium-sized enterprises (SMEs) has shown that only one in six (15%) of those questioned are looking to hire more staff in 2010.
Willis report predicts further insurance rate softening in power sector
Insurance rates in the power sector are expected to soften further in 2010, despite the existence of many of the conditions that would normally lead to a hardening market, according to the latest Power Market Review from Willis.
Marsh reports rise in risk and insurance revenue
Marsh & McLennan has reported a rise in risk and insurance services revenue to $1.5bn for Q2 2010, an increase of 9% from the same period last year or 1% on an underlying basis.
E-commerce: Towergate Affiliate offers brokers financial incentive
Towergate is offering a commission incentive to brokers that use its new affiliate website.
E-commerce: Swift Assure quote-and-buy facility targets high-profile users
Leicester-based online broker startup Swift Assure has announced the launch of a new quote-and-buy facility.
E-commerce: Groupama pilots ‘first stand-alone PI cover for SMEs’
Groupama Insurances has expanded its Optima online product range with the pilot launch of what it claims is the first stand-alone professional indemnity (PI) cover for small to medium- sized enterprises (SMEs).
E-commerce: RSA launches e-trading service for brokers
RSA has launched a new e-trading service for brokers as part of its bid to become a top three player in the small to medium-sized enterprise (SME) arena.
E-commerce: Insurance professionals miss out on social networking opportunities
The insurance industry has failed to jump on board the social media marketing bandwagon, despite growing use in other economic sectors.
NIG launches property policy
NIG has launched its new Premier Property Owners product to a panel of up to 40 brokers.
Aviva enhances motor trade offerings
Aviva has made enhancements to its motor trade offering and commercial combined policies.
Ryan Insurance goes back in time to celebrate 35 years
Ipswich based Ryan Insurance is celebrating reaching its 35th year in business this month.
Liberty Syndicates in motor market drive
Liberty Syndicates Management, a member of Liberty Mutual Group, is entering the UK and Irish motor insurance markets through the hiring of a team of specialist motor underwriters.
Former PowerPlace sales director Wayne Tonge joins Keelan Westall
Commercial property insurance broker Keelan Westall – part of the property and commercial division of Barbon Insurance Group – has appointed Wayne Tonge as head of business.
Markerstudy joins IFIG board
Markerstudy Group has joined the board of the Insurance Fraud Investigators Group.
Defaqto finds only 21% of fully comp motor policies cover ULR
After analysing 223 comprehensive motor insurance policies, Defaqto has found insurers significantly vary in their approach to uninsured loss recovery (ULR).
Royal Bank of Scotland Group fined £5.6m by FSA
The watchdog has fined members of the Royal Bank of Scotland Group (RBSG) £5.6m for failing to have adequate systems and controls in place to prevent breaches of UK financial sanctions.
Esure outsources IT in £26m five year deal
Esure has migrated its IT platforms and hardware away from former joint venture partner, Lloyds Banking Group, through a £26m ‘build and run’ outsourcing contract with Capgemini UK, who will now manage the majority of Esure’s IT infrastructure for the…
Product review: Tradesman product wins on price
The products reviewed here are rated from one to five by brokers, based on the policy's key benefits.