News
RSA grows in Q1
RSA has added premiums in both personal and commercial lines
Keelan Westall revamps broker club
The commercial property insurance broker has announced the re-launch of its Prestige Broker Club – a newly enhanced membership proposition for its top performing broker partners.
Coverzones ceases trading
In a statement on its website, Coverzones, the online business insurance price comparison and policy management firm said: “This site is closed and Coverzones is not accepting any new business.”
Business owners fearful of post election uncertainty
Lack of detail in parties' plans over taxation, cuts and red tape are giving business leaders cause for concern according to a survey from the Forum of Private Business.
Xbridge appoints former matchmaker chief as new CEO
Technology firm Xbridge has appointed Jason Stockwood, former head of Match.com and Travelocity, as its new CEO.
CCV makes third acquistion of the year
Cullum Capital Ventures (CCV) has acquired the general insurance portfolio of DTE Risk & Financial Management.
Towergate seeks to refinance debt
Towergate Finance seeks to raise £665m to refinance
900 staff to go at Quinn
Quinn Insurance's administrators are to begin a consultation process on the proposed redundancy programme which will affect approximately 900 members of staff
Allianz launches e-cover notes for brokers
Allianz Retail has introduced free electronic cover notes for imarket registered brokers.
Fortis unveils ‘Ageas’ logo
Fortis has confirmed that shareholders have given the green light for the group to adopt the new name “Ageas”.
Bluefin warns on the impact of the Ministry of Justice reforms
Bluefin has called upon motor insurers to proceed with care when resolving road traffic accident claims.
Viewpoint: Labour's regulatory record
When Labour swept into office in 1997 they arrived with a manifesto with much to say about financial services. They launched into their promised reforms of the institutions governing the sector, making the Bank of England independent for the first time…
Editor's Comment: Politics isn't about being popular
The Institute of Fiscal Studies last month gave us their verdict on the three parties' departmental spending plans over the next five years. It said that in each case over 75% of necessary cuts over the next five years were missing from their respective…
Quinn allowed to sell all car insurance again in the UK
Irish insurer Quinn is back in the UK but has acknowledged it will need to implement significant price changes.
Jelf appoints new insurance CEO
Jelf has announced the appointment of Phil Barton, group commercial director, to the newly created role of CEO of Jelf Insurance.
800 redundancies rumoured at Quinn
Quinn Insurance administrators have drawn up plans to make about 800 staff redundant, Irish state broadcaster RTE is reporting.
Willis international results affected by weak UK market
In its first quarter results for 2010 Willis Group reported a net income from continuing operations for the first quarter of 2010 of $204m (£134m) compared with $192m last year.
News: Soaring FSA fines underline tough new stance on non-compliance
The Financial Services Authority (FSA) runs the risk of appearing arbitrary as it delivers on its promise to get tough, according to law firm Reynolds Porter Chamberlain (RPC).
News: Motor premiums predicted to rise full throttle through 2010
Although car insurance premiums have stalled in the first quarter of 2010 they are expected to rise steeply during the rest of the year, according to research.
News: Horses and four courses at the Insurance Race Day
The third annual Insurance Race Day at Kempton Park on 20 April gave the insurance industry ample opportunity to catch up with old friends and colleagues and make new business contacts.
News: LV motor book inspires similar growth throughout business
LV Broker managing director, Phil Bunker, has set a target of £100m gross written premium (GWP) for the insurer's small business book by the end of the year as it announced a dramatic turnaround in its financial performance.
News: Extended penalty regulations to lead to harsher fines
Brokers have been warned they face heftier fines from the taxman following the introduction of a new penalty regime.
News: Axa makes host of appointments to boost SME
Axa Insurance has made a number of specialist appointments as part of a £200m business development drive to grow its small to medium-sized enterprise (SME) and mid-corporate business.
News: Brokers given heads up on cottage trade rising potential
Brokers have been urged to take full advantage of the recession-fuelled growth of sole traders as demand for cover for 'cottage trades' increases.