News
Agenda: KIC first half 2010 results and outlook
Letter to president Petrov Arverbeyev, Kazakhstan Insurance Company
APC to roll out entire product portfolio in the Republic of Ireland
Online underwriter APC is to make its entire product portfolio available in the Republic of Ireland (ROI) within the next 12 months.
Product launches: QBE & SSR extend electrical insurance cover
QBE and Bristol-based broker Sutton Specialist Risks (SSR) have extended their existing insurance scheme for electrical contractors to cover heating, ventilation and refrigeration engineering risks for domestic, commercial and industrial clients.
Product launches: RSA introduces policy enhancements to fleet active offering
RSA has updated its Fleet Active offering and launched new Small Business Combined (SBC) and Yacht Alliance products.
Bollington, Equity Direct Broking and THB Risk Solutions launch new schemes
New schemes have been launched by Bollington, Equity Direct Broking (EDB) and THB Risk Solutions.
Insurance industry prepares for Olympics red alert
The insurance industry has been warned to prepare for every eventuality, including a terrorist attack, in the lead up to the Olympics in 2012.
UK still has most uninsured drivers in Western Europe
The chief executive of the Motor Insurance Bureau (MIB) has branded the UK's uninsured driving record "embarrassing" after it was revealed the country has the highest level of uninsured driving in Western Europe.
Claims Underwriting Exchange challenged by competitor database
A new database that permits claims data sharing while protecting commercially sensitive information could challenge the position of the Claims Underwriting Exchange (CUE).
The FSA sends signal of intent with broker fine and insurer bans
The Financial Services Authority (FSA) has fined a broker network director and banned three insurance professionals for a £2m fraud in its latest crackdown.
Allianz establishes specialist team to identify fraud
In what it claims is an insurance industry first, Allianz has established a specialist casualty claims validation team, which it predicts could identify up to £15m of fraud next year.
FSA consultation kicks off with confirmation of 2011 revamp
The Financial Services Authority (FSA) has revealed it will begin its radical transformation at the start of next year as it launched a consultation into the shake-up.
Arag service comes out on top in legal expenses insurer questionnaire
Brokers have voted Arag the best legal expenses insurer (LEI) in terms of overall service in a survey by Insurance Age's sister industry insight unit Insurance 360.
Unsustainable motor rates see greatest increase in 16 years
Car insurance premiums have rocketed at a record rate as insurers attempt to move their motor books back into the black.
Broker buying spree continues
Brokers began the second half of 2010 in a flurry of acquisition activity with Bridle Insurance snapping up two buys and further purchases from MRIB and Cullum Capital Ventures (CCV).
New Ink MD Mike Smith looks to acquire Westinsure
Giles-owned Ink Underwriting has made an offer to acquire the entire share capital of South-west broker network, Westinsure.
Jackson consultation slated for leaving brokers in dark
Experts have criticised the Government's Jackson review consultation, claiming it has left the industry "in the dark" on key measures.
Quinn impact: solicitors' professional indemnity problems affecting all firms
Professional indemnity (PI) premiums for small firms are set to soar by up to 30% following Quinn Insurance's withdrawal from the market.
NIG's personal lines exit to impact around 3,000 brokers
About 3,000 brokers will be affected by NIG's decision to exit the personal lines market and focus solely on commercial business.
Contenders for 2010 UK Broker Awards revealed
The shortlist for the 2010 UK Broker Awards has been announced so it's time to celebrate the best of British in the broking sector.
Broker Direct slashes workforce to balance declining motor book
Broker Direct has made 50 redundancies in a bid to compensate for the loss of one fifth of its personal lines motor book.
Moneyextra.com sells up and surrenders to rival aggregators
Price comparison site Moneyextra.com has finally admitted defeat in its bid to compete with the UK's top four aggregators after the company was sold for £1.
Brokers demand 'safe harbour' from PPI storm
The Financial Services Authority (FSA) has come under increasing pressure to force insurers to share the burden of compensation claims resulting from the widespread mis-selling of payment protection insurance (PPI).
Utley quits IAG to focus on his own investments
Neil Utley has revealed his intention to return to his entrepreneurial roots after quitting his role as chief executive of Insurance Australia Group's (IAG) UK business.
Industry anticipates further IPT rises to catch up with EU levels
Industry experts have warned of further Insurance Premium Tax (IPT) hikes as the Government attempts to bring UK tax levels into line with the rest of Europe.