News
Insurance Age blog: Thank you and goodnight
As The Chairman of the Board himself would say "and now the end is here, and so I face the final curtain..." as, yes, you've guessed it from my oh so subtle intro, I'm leaving good old Insurance Age.
Inflation to stay above 2% for all 2011, says Bank of England
The Bank of England’s latest quarterly Inflation Report has stated inflation is unlikely to fall below 2% before 2012 due to the upcoming VAT increase and rising import prices.
Ageas' retail profit remains static while COR continues to improve
Ageas' quarter three results have shown its UK retail operations, RIAS, Kwik Fit Insurance Services and Ageas Insurance Solutions (UKAIS), have delivered a 32% increase in total inflows to £96m.
Markel International expands D&O offering
Markel International has launched three new products to expand its directors and officers offering and brokers should also be aware it has altered the existing D&O wording.
ChoiceQuote jobs at risk as consultation period kicks off
Nearly 70 jobs at Groupama-owned ChoiceQuote Insurance Services are at risk following an extensive business review
Exeter Friendly to cut PMI premiums
Exeter Family Friendly has cut premiums on its "Health Cover for Me" private medical insurance (PMI) plan by up to 12.5%.
Biba calls on Government to stem "spiralling" motor insurance costs
The British Insurance Brokers’ Association (Biba) has called on the Government to implement an eight point plan to reduce the rising cost of motor insurance.
Bluefin to put SME underwriting facility Elite into run-off
Bluefin has announced that it is putting its Elite underwriting facility for small to medium sized enterprise (SME) business into run-off in favour of expanding its existing Platinum product range.
County Insurance relocates for growth
Insurance broker County Insurance has officially opened its new office in Crewe.
Markel makes three senior hires for MGA arm
Markel International has strengthened its new MGA (Managing General Agent) division with three senior appointments.
Barbon expands lettings division with South west acquisition
Barbon Insurance Group has acquired Teignmouth-based residential lettings specialist, Rentshield.
JLT trading performance "in line with expectations"
In a management statement for the period 1 July to 8 November, Jardine Lloyd Thompson (JLT) said it's trading performance is in line with expectations, that organic growth across the group is encouraging and that it remains on track to make financial…
Ecclesiastical to establish London broker regional centre
Ecclesiastical is turning its city office operation into a London regional centre, headed by former national broker sales manager Paul Glasper (pictured).
Aviva launches iPhone claims application
Aviva has launched a free iPhone application (app) which has been designed to allow policyholders to file a motor insurance claim remotely from their iPhone.
1 Answer Network targets growth with new hire
The personal lines network has appointed Neil Jenkinson as client relationship director.
Hiscox UK sees growth while group experiences slight dip
Hiscox’s interim management statement for the first nine months of the year to 30 September 2010 has revealed its UK retail business premium income has grown by 8.9% to £249.1m (2009: £228.7m) with the direct business growing by 22%.
Markel reports 13% rise in GWP
Markel International has reported a rise in gross written premiums (GWP) to $574m for the nine months ending 20 September 2010, compared to $510m for the same period last year.
FOS compensation case gives industry much needed clarity over claims
Claimants who accept a Financial Ombudsman Service (FOS) final determination will be bound by it and will not be able to then bring a civil claim through the courts against their broker in respect of the same claim following a recent High Court decision.
Video: Keychoice Underwriting's Jonathan Davey argues the case for MGAs
In an exclusive interview with Insurance Age, MD of Keychoice Underwriting, Jonathan Davey, argues that MGAs continue to deliver value to both broker and insurer alike.
Record numbers flock to Broker Expo 2010
A record-breaking 750 brokers attended the sixth Insurance Age Broker Expo at Coventry's Ricoh Arena.
RBSI reports £33m loss for Q3 2010
Royal Bank of Scotland Insurance (RBSI) has reported a £33m operating loss for Q3 2010, compared to a £203m loss in Q2 2010 and a £11m profit in Q3 2009.
RSA UK premiums increase 10%
The insurer has reported a 10% rise in premiums to £2.17bn for the nine months to 30 September 2010.
Only one in ten automatically renew car insurance
UK consumers are the most determined to shop around for a good deal on insurance, and the least likely to stay loyal, according to Datamonitor.
Cooper Gay CEO resigns
Cooper Gay Swett & Crawford Group (CGSC) has announced that the company has accepted the resignation of Jim Summers, CEO of the Group’s UK based Lloyd’s broker, Cooper Gay & Co.