News
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.
News: Opinions differ regarding true meaning of acquisition activity
Industry experts have voiced conflicting opinions over whether a recent rise in insurance market acquisitions signalled a return to the frenzied purchasing of the past or was merely a "blip".
News: You've got to be in it to win it
The 2010 UK Broker Awards are open for entries. Now in their 17th successful year, the awards are the UK's only broker-focused industry event, recognising excellence and innovation in the sector, from small local brokers to strong regional and national…
News: Cash plans set to outdo PMI following broker sales boom
The cash plan market could overtake private medical insurance (PMI) in the corporate sector after providers reported significant growth in intermediated sales.
News: Allianz committed to grow motor book with brokers
Allianz Commercial has signalled its intent to work closely with regional brokers to grow its motor trade book by 11%.
News: RSA set on becoming top three player despite industry doubt
RSA has vowed to get its small to medium-sized enterprise (SME) offering right as the market expressed scepticism that it could deliver on its ambition to become a top three player in the sector.
News: Das CEO assures UK exit rumours are 'nonsense'
The chief executive of legal expenses insurer Das has slammed industry speculation that it may be looking to pull out of the UK as "absolute nonsense".
News: Volcanic dust crisis likely to have little impact on insurance
The insurance industry's exposure to the eruption of the Eyjafjallajökull volcano in Iceland will be limited despite the widespread disruption caused to the aviation industry.
News: Quinn UK ban reversed
Quinn Insurance has been given permission to re-enter the UK market despite an earlier decision by the Irish regulator preventing it from writing new business in the country.
News: Powell Insurance MD makes speedy departure
The managing director of Liverpool-based Powell Insurance Brokers, Eliot Powell, has left the company, a mere 18 months after selling up to Oval.