News
NEDs receive "inflation busting pay increases"
The average basic fee for non-executive directors (NEDs) in the FTSE-100 has risen by 5.1% over the last year to £58,595, according to Incomes Data Services (IDS).
Sterling raids Hiscox for HNW underwriter
Sterling Insurance Company has appointed Jane Flaherty as a senior High Net Worth (HNW) underwriter based in the Midlands.
Chile earthquake insured losses likely to top $2bn
AIR Worldwide estimates that insured losses from the Chile earthquake are likely to exceed $2bn and that total economic losses may exceed $15bn.
Gio Compario ups aggregator's traffic
Go Compare's latest advertising campaign featuring opera singer Wynne Evans who plays a fictional tenor called Gio Compario is working.
More than 30% say RDR review will benefit no one
New research from Paaleads.com, Moneysupermarket.com’s lead generation business, shows that 31% of its financial advisers say the proposed retail distribution review (RDR) will benefit no one.
Law firm claims more companies may fight FSA decisions
Mathew Rutter, financial services partner at law firm Beachcroft, said: "The FSA has told firms to "be afraid", and now we know why."
Towergate Underwriting expands into Newcastle
Towergate Underwriting has opened its new office in Newcastle to serve brokers based in the North East and Cumbria.
FSA fines could treble in size
The Financial Services Authority (FSA) has published its new penalties policy, which it claims "establishes a consistent and more transparent framework" and could see enforcement fines treble.
Argo extends adds marine cargo to its portfolio
Argo International, a specialist Lloyd’s insurer and subsidiary of Argo Group International Holdings, has extended its platform with the addition of marine cargo to its portfolio.
CFC partners with Crawford
Specialist lines underwriting agency, CFC, has appointed Crawford & Company as its strategic partner to deliver a claims administration interface for its brokers and their clients.
Xchanging sees growth in profit and revenue
Xchanging’s results for the year ending 31 December 2009 revealed a 35% increase in revenue, increasing to £750.4m (2008:£557.8m)
Jubilee unveils new CEO
Jubilee has announced the appointment of Xchanging founder Clive Buesnel as group chief executive officer, with effect from 1 May 2010
Record profits at Amlin
Amlin has announced £509.1m in profits for the year ended 31 December 2009 compared to £121.6m and an improvement in its combined ratio to 72% (2008: 76%).
Robert Hiscox announces record results: "World belongs to the discontented"
Unveiling record profits, Hiscox's chairman Robert Hiscox vows profitable growth will continue
Industry responds to Geneva Association report
The insurance industry has responded positively to The Geneva Association’s report, Systemic Risk in Insurance.
No systemic risk from insurance core activities reports The Geneva Association
International insurance think tank, The Geneva Association, has published its report, Systemic Risk in Insurance.
Fortis strengthens senior management team
Fortis UK has appointed Andy Watson to its executive team in the new role of managing director, retail, with immediate effect.
Allianz profit up and ratio down
In its results for the year ending 2009, Allianz UK has seen a 5.2% boost in IFRS operating profit to £203.7m (2008: £193.6m)
Brit's results show boost in profit and GWP
Brit Insurance has grown 300% in the last year posting a before tax profit of £171.3m excluding the effect of foreign exchange on non-monetary items, dwarfing last year’s £39.6m result.
UK economic growth revised to 0.3% for 4th quarter 2009
The economy grew more than the 0.1% originally thought in the last quarter of 2009
UK businesses improve payment performance
UK businesses improved their payment performance for the fifth time in the last six months in January, according to the latest Late Payment Index from Experian.
Ansvar hires sales director
Ansvar Insurance has appointed Richard Lane to the newly-created role of sales director.
ABI welcomes Government asbestos pledge
The Association of British Insurers (ABI) has welcomed the announcement by the Justice Secretary Jack Straw of a package of measures to help people with asbestos-related diseases.
Aviva joins forces with SSP
Aviva has teamed up with global IT company SSP to give 600 extra brokers access to personal lines products.