News
Budget hits brokers hard
Brokers face a raft of additional costs following the coalition Government's emergency budget.
Markel's insurance arm gets thumbs up from AM Best
A.M. Best has upgraded the issuer credit rating of Markel International Insurance Company (MIIC)
Lloyds to axe 650 jobs
Lloyds Banking Group has announced the cuts as part of a "number of changes within its retail, insurance and group operations divisions".
PB Week: All that hype
Well the World Cup is now about halfway through and it is a good time to reflect on how well it is going so far writes David Grant, deputy underwriter and head of distribution and operations at Equity Red Star.
QBE combines London Market personal accident teams
QBE has announced the merger of its direct and reinsurance personal accident teams to create a single London market unit with a combined GWP of £45m, operating out of Lloyd’s.
Henderson secures £4.5m finance facility
Lloyds TSB Corporate Markets has revealed that it provided Henderson Insurance Brokers with a £1m finance facility to aid its acquisition of Leeds-based broker Denny O'Hara.
Amlin strengthens specie team
Amlin has appointed James Farquhar as leading class underwriter, specie, with a brief to build up the account together with class underwriter, Rod Little.
Two insurers face further FSA probing
The Financial Services Authority (FSA) has launched further investigation into two insurance companies as part of its review into the operation of with-profits funds.
Aviva introduces home contents calculator
Aviva has introduced a home contents calculator to Personal Best, its web-based personal lines portal for brokers.
Only one in four weddings insured
Only one in four weddings taking place this summer will be insured, despite around £20,000 splashed-out on the average ceremony, according to Datamonitor.
Swansea and West Wales CII president revealed
Sian Lynch, finance director of South West Wales insurance broker Antur Insurance, has stepped up to represent the insurance industry across Swansea and West Wales.
Health Shield appoints chief risk officer
Health cash plan provider, Health Shield, has appointed Courtney Marsh as its first chief risk officer.
FSA to lose head of supervision
The Financial Services Authority (FSA) has announced that Jon Pain, managing director of supervision and an FSA board member, has decided to leave the organisation in 2011.
Ace completes regional management team
Ace has appointed Jon Houghton to the role of regional manager corporate risks, southern region.
General insurance sales flat in Q2, says survey
Activity in UK financial services grew in the last three months at the fastest rate since September 2007, according to the latest CBI/PwC Financial Services Survey. However the report also stated this growth was much lower than expected and firms still…
Halliwells files for administrator
Halliwells has filed for court permission to appoint an administrator as it looks to secure a takeover by Hill Dickinson.
Evolution grows Midlands team
Commercial underwriting specialist Evolution Underwriting has appointed Rachael O’Neil as business development executive with responsibility for developing the Midlands area.
Metal theft on rise
The rising number of metal theft claims has put 2010 on course to be the second worst year for metal theft on record, according to Ecclesiastical.
Heath Lambert retains Diabetes UK affinity scheme
Heath Lambert has won the tender to provide personal lines and life insurance products for leading health charity Diabetes UK.
Acturis deal paves way for European adventure
Acturis has sold a minority stake in the company to ‘growth equity’ firm, Summit Partners, as it embarks on a European growth strategy.
Aviva raids RBSI for retail chief
Aviva has announced the appointment of Steve Treloar as retail director for Aviva’s UK general insurance business.
MMA grows micro offering
Broker-only insurer MMA is adding a series of new products to the remit of its micro underwriting team as part of a first year review.
New claims service launched
A new service has been launched which aims to help claim handlers fast-track claims, reduce leakage, improve fraud detection rates and reduce costs.
Former Jelf director joins UK General
Leeds-based UK General Insurance has appointed Ralph Hann as national schemes sales manager for the group, reporting to director of sales John Bibby.