News
Willis reports return to UK growth
Willis has reported net income from continuing operations for the quarter ended 30 June 2010 was $89m. The figure is above last year’s $87m in the same period.
APC launches second product in Ireland
APC has launched a new office product specifically designed to cover Ireland’s traditional and home based businesses.
IAG Neil Utley backs £74m buyout
KBC Group and KBC Peel Hunt have reached agreement on a buy-out of KBC Peel Hunt for a total consideration of £74m.
Fears white paper proposal could hamper PMI
The coalition Government's decision to turn its back on its 'preferred provider' policy could pose a threat to the private medical insurance (PMI) industry, according to the Association of Medical Insurance Intermediaries (Amii).
Biba urges Amii to join forces to form a single 'louder' voice
The Association of Medical Insurance Intermediaries (Amii) has rebuffed advances from the British Insurance Brokers Association (Biba) to merge the two organisations.
Polly C - the hottest insurance gossip
Since RSA began celebrating its 300th birthday, Polly has attended several of its soirees where its commemorative beer, brewed by Shepherd Neame, has been in copious supply. It was no different when she attended its launch of RSA online at the British…
News review: July 2010
A review of July's industry news.
Viewpoint: It's PPI payback time
After months of speculation, the letter has arrived. Andrew Welch explores just how hard brokers have been hit by this year's soaring FSCS levy as the FSA claws back cash to cover claims from mis-sold PPI policies.
Broker Forum: PPI - possible solution
From the broking.co.uk Broker Forum, July 2010.
Letters: Brokers must invest in e-commerce
Mark Roberts of CGI is right to warn brokers to invest in e-commerce (Insurance Age, July 2010).
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).