News
Allianz aims to cut BER settlement to five days
A new team has been appointed within the Allianz Insurance claims division to focus on beyond economical repair (BER) claims.
Budget 2010: IPT broker burden reduced
Biba and the IIB have both expressed satisfaction following the publication in today's Budget of the final legislation extending the scope of Insurance Premium Tax (IPT).
Budget 2010: Questions raised over how SME measures will be delivered
The Chancellor’s proposals for small to medium sized enterprises (SMEs) have received a lukewarm welcome with experts voicing concern over how they will work in practice.
Doodson Group goes global with US merger
Doodson Broking Group UK, and Crossfields Insurance Brokerage, based in the US, have merged to create a global firm in the live music and entertainment sector.
Budget 2010: Government extends near £50bn lending lifeline to small businesses
The Chancellor has announced new lending targets of £94bn for the Royal Bank of Scotland (RBS) and Lloyds Bank
PB Week: Mark Cliff's UK Tour
Over the last few months I have had the opportunity to meet with many brokers at both the UK Broker Summit and at the broker forums we are holding around the UK.
Aviva pays out record £300,000 repair claim
Aviva has confirmed that following a crash in September last year, it has paid £300,000 to repair a Pagani Zonda S.
Willis set to make redundancies, according to market sources
Willis has started another round of redundancies, Insurance Age's sister title Reinsurance has learnt.
Zurich agrees to boost security following loss of personal data of nearly 50,000 clients
Zurich Insurance agrees to improve information security after losing over 46,000 individuals’ personal financial information.
Oval buys JL Fisher & Co
With an annual GWP of around £9m and employing 20 staff, Oval said the acquisition of J L Fisher would strengthen its increasing presence in the South West region
Ecclesiastical back in the black
Ecclesiastical has announced a return to profit in 2009 with pre-tax results of £79m, the second highest in its history. The profit is in marked contrast to last year’s loss of £22.5m.
Lloyd's announces record profit of £3.9bn for 2009
Lloyd's has reported a record £3.9bn profit for 2009, compare to £1.9bn the previous year.
1 Answer Network releases online mid-HNW offering
1 Answer Network has launched a new RSA-backed online product aimed at the ‘mid high-net-worth’ sector.
Markel raids Allianz for hull and war underwriter
Markel International, the specialty property and casualty insurer, has appointed Daniel McCarthy as an underwriter in the hull and war team within its marine and energy division.
Canopius reports record results
Canopius Group, a privately-owned Lloyd’s insurance underwriting business, today announced a record performance for the year ended 31 December 2009.
CBG reports fall in revenue and profit
Manchester-based insurance broker and financial services specialist CBG Group has reported a drop in revenue to £8.96m for 2009 (2008: £11.15) and fall in pre-tax profits to £1.03m (2008: £2.25m).
Travelers hires team to head up Glasgow operation
Travelers has made several leadership appointments at its new regional office in Scotland.
Confused boosts motor insurance panel
Nationwide has joined Confused.com's panel of motor insurance providers.
Brokers urged to raise awareness of environmental regulation
Allianz Engineering is reminding brokers of the imminent introduction of a government-backed climate change and energy saving scheme which could affect around 20,000 UK businesses.
Abba bought by RG Ford
Chelmsford-based RG Ford Insurance Brokers has completed the first of the five acquisitions it said it expected to make in 2010
IFB and MIB join forces to fight fraud
The Insurance Fraud Bureau (IFB) has entered into an agreement with the Motor Insurers' Bureau (MIB) for support services.
Towergate makes further changes to management structure
Internal promotions see appointment of new managing director and chief information officer
NMU expands into Northern Ireland
Former Allianz employee Roy Cunningham will join specialist insurer Northern Marine Underwriters (NMU) in Belfast.
One Business Insurance wins fleet deal
One Business Insurance, part of Brightside Group, has announced its intention to offer "market-leading" premiums on fleet insurance to Navman Wireless’ customer base