News
IUA calls for adequate regulation
Nick Lowe, director of government affairs at the International Underwriting Association (IUA), said the general insurance industry played "only a small role" in the financial crisis and that consequently there have been few calls for changes to the…
Quest Gates boosts property team
Specialist loss adjuster, Quest Gates, has announced five new appointments to its property team.
Brokers Link appoints CEO
International broker network Brokers Link has announced the appointment of Leonard Battifarano as its chief executive officer with effect from 1 July.
Majority of UK businesses report upturn in trade
UK businesses are starting to emerge from the recession, according to a poll of delegates at Coface UK and Ireland Country Risk Conference.
UIB boosts board with senior appointment
Insurance broker UIB has appointed Keith Anderson to the UIB Holdings Group board as group finance director.
High Court personal injury disputes jump 32% in two years
The number of personal injury claims continues to surge despite reforms to regulate claims handling companies according to statistics obtained by Sweet & Maxwell.
PB Week: Is it time for BP to give Peter Mandelson a call?
If you have a moment between listening to the buzzing of the vuvuzelas at the football World Cup and sorting out insurance for clients then I would ask you to make list, writes Emmanuel Kenning, reporter, Professional Broking.
Hector Sants blames much of financial crisis on culture
FSA chief executive Hector Sants has lamented evidence that the "behavioural issues" which contributed to the financial crisis are still being observed in some major firms.
Aviva revamps commercial offering
Aviva claims to have improved its commercial policy documentation to extend the cover and make it more broker and customer-friendly.
Law firm highlights drawbacks of "one stop shop" regulator
Bruno Geiringer, a partner in the insurance group at Pinsent Masons, said that "scraping the FSA for banks is right but the case is not made for insurers".
Aviva reports 50% increase in motorcycle claims
Aviva has revealed that since 2005 it has seen a 57% increase in the number of bodily injury claims made against motorcyclists. The insurer has also seen motorcycle claims costs increase by 51% in the same period, and its statistics indicate that this is…
QBE raids RBSI for property claims chief
QBE has announced the appointment of Julian Millar as head of claims in its property division.
Brokers Link grows membership
Global insurance broker network Brokers Link has added six new international specialised service providers to its membership.
Carole Nash bags Co-operative book
Carole Nash has won a 5,000-strong motorcycle book from The Co-operative Insurance.
Ecclesiastical absorbs partner insurer
Ansvar, the specialty insurer bought by Ecclesiastical Insurance in 1998, is to be absorbed into the larger group.
Chancellor confirms FSA will "cease to exist in current form"
Chancellor George Osborne has confirmed in his first Mansion House speech that he will give the Bank of England the key role in regulating the UK financial sector and that the Financial Services Authority (FSA) will “cease to exist in its current form”.
Incisive Media scoops Biba awards
Insurance Age, PB, Post and Reinsurance journalists have won four awards and three “highly commended” accolades at the British Insurance Brokers’ Association’s 2010 journalist of the year awards.
Markel relocates Scottish office
Markel (UK) Limited, the retail division of Markel International, the specialty property and casualty insurer, has relocated its office in Scotland to Glasgow.
Lloyd's appoints new deputy chairman
Lloyd’s has announced that Paul Jardine from Catlin Syndicate will become a deputy chairman of the Council of Lloyd’s following Ewen Gilmour’s retirement from the position earlier this month.
FSA powers to be cut
Chancellor George Osborne has confirmed that he will give the Bank of England the key role in regulating the UK financial sector, according to reports.
Blackham's boutique investment plan
Chris Blackham, former chief executive of Layton Blackham, opens boutique investment house Endorphin to invest in brokers.
Four promotions at Canopius
Canopius has announced a number of promotions following a review of its senior management organisation at its Lloyd's platform, Canopius Managing Agents.
RICS picks Howden as preferred broker
The Royal Institution of Chartered Surveyors (RICS) has appointed specialist Lloyd’s broker Howden as its preferred UK professional indemnity (PI) broker.
Jelf reports £616,000 loss; chairman to leave
Jelf has reported a £616,000 loss for the six months ending 31 March 2010, compared to a £994,000 loss for the same period the previous year.