News
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.
Fusion founders Pallett and Crisp join Aspen
Aspen Insurance UK, a subsidiary of Aspen Insurance Holdings, has announced the appointment of Kevin Pallett and Geoff Crisp to launch a range of new insurance and risk management products for selected brokers and their clients in the UK market.
UK inflation rate falls
The Office for National Statistics has announced that the consumer prices index measure of annual inflation fell to 3.4% in May from 3.7% in April.
RSA's Devitt to depart UK business
RSA’s sales and strategic relationship director Aaron Devitt is to leave the UK business after taking an internal promotion in Copenhagen.
Total Objects wins London Market project
Software company, Total Objects, has been chosen to manage the ECF2 Market Acceptance Testing project for the London Market.
AMII warns Government off IPT increase
Any rise in insurance premium tax (IPT) will severely hit an NHS already under pressure, according to the Association of Medical Insurance Intermediaries (AMII).
Argo moves into entertainment with Mitsui appointment
Argo International, the specialist Lloyd's insurer and subsidiary of Argo Group International Holdings, has expanded its specialist portfolio with the addition of entertainment to its underwriting business.
Axa appoints former Allianz man as property chief
Axa Insurance has appointed Tony Hutchins as its new head of property insurance. Mr Hutchins has joined from Allianz Commercial where he was UK head of property and risk control.
Broker founder joins IIB as director
Bob Pybus, director and founder of broker NPA Insurance, has been appointed to the board of the Institute of Insurance Brokers
Business confidence suffers record drop
Findings from the latest BDO Business Trends report have shown a sharp drop in business confidence.
Report puts UK national debt at nearly £5trillion
The Institute of Economic Affairs has estimated that the national debt including pension liabilities and likely liabilities to be incurred by the government in respect of the banking sector is £4.8 trillion (333% of GDP).
Evolution teams up with Groupama for tradesman launch
Evolution Underwriting has launched a fully autorated tradesman liability product, Trade Protector Plus, on its Stingray trading platform.
PowerPlace appoints finance director
Online commercial insurance marketplace, PowerPlace, has appointed Robert Appleton as finance director.
Ex-Oamps director joins Stonebridge
Paul Beck, formerly operations director at Oamps, has joined five year old commercial insurance broker Stonebridge.
Management changes at Heath Lambert in Leeds
Heath Lambert has announced that Leeds head of office John Dakin is moving to its national corporate team to focus on large accounts in Yorkshire and corporate relationships in the surrounding Leeds area.
Brit rejects PE valuation following share offer
Brit Insurance has confirmed that it has received an offer for the business from private equity firm, Apollo Global Managment.
Experian urges SMEs to check their own business credit scores
Experian has advised small and medium sized enterprises (SME) in the UK about the importance of actively monitoring and managing their own business credit scores to put them in the best possible position to secure credit, business loans, tenders or…
Ink moves offices to accommodate growth plans
Ink Underwriting Agencies has relocated to new offices at Vantage House in Rayleigh, Essex, in order to accommodate growth plans.
RSA chairman slams Obama's "anti-British rhetoric" over BP
Barack Obama has been labelled anti-British for his attack on BP in an open letter from John Napier, chairman of RSA.
Brit shares up 20% following private equity approach
Brit Insurance's shares have shot up in value in the first two and a half hours of trading this morning to 881 pence.