News
Report: Scotland financial services sector set to suffer more job losses
A report in today's Daily Telegraph claims 16,500 people will have lost their jobs in the financial services sector over 2009 and 2010
Rise in complaints to Financial Ombudsman Service
Data released by the Financial Ombudsman Service (FOS) has shown an 18% increase in new complaints to 82,136 for the second half of 2009 compared with the first six months of the year.
RBS Insurance profits crash
Government and taxpayer backed insurer's operating profits have dropped to £58m
Profits fall by nearly a third at RSA
Year end results from insurer RSA show profits after tax fell by 28% in 2009 compared to 2008.
Open GI wins £10m contract with PowerPlace
Open GI has signed the contract with PowerPlace to develop new electronic products on the Open Trader platform
Over two-thirds start insurance search on comparison websites
New research from Global Reviews, the customer experience benchmarking company, has found that over two thirds (70%) of people now start their searches for insurance on a comparison website.
Biba criticises RICS transparency report
The British Insurance Brokers’ Association (Biba) said it is disappointed with the Royal Institution of Chartered Surveyors (RICS) final report Transparency in professional fees.
Jelf raises £19m
Yate-based broker the Jelf Group has raised £19m from a mixture of institutional investors, private equity house Capital Z and its directors.
Aon unveils new regional structure
Aon Risk Services has appointed eight new area directors to its regional business, Aon Corporate.
IGI Legal Assist awarded Investors in People accolade
IGI Legal Assist, the legal expenses arm of specialist UK general insurer IGI Insurance, has had its Investors in People review and has successfully met the required standard.
PB Week: Meetings, the dentist and an Irish launch
As European business development director at APC Underwriting my focus is firmly on opening up new markets and growing our key broker accounts, writes Graham Young.
FSA issues warning following rise in 'boiler room' activity
The Financial Services Authority (FSA) has warned of an increase in overseas fraudsters selling shares using the names, registration numbers and addresses of FSA authorised firms and individuals.
Admiral creates 200 jobs
Admiral Group has announced plans to more than double its claims department by hiring over 200 new members of staff
Markerstudy's acquisition of Zenith completes
Following regulatory approval, Markerstudy Holdings has now completed the purchase of Zenith Insurance, incorporating Link Underwriting Agency and GHL Insurance Services.
Jelf looks to raise £17m after reporting operating loss
Jelf has revealed it is in advanced discussions regarding the raising of a possible £17m after reporting an operating loss of £9.7m for the year ending 30 September 2009 (2008: £5.1m).
Moneysupermarket's year end results reveal drop in revenue and customers
Moneysupermarket’s preliminary results for the year ending 31 December 2009 have revealed a 23% drop in revenue to £136.9m (2008: £178.8m) and 26% drop in EBITDA to £36m (2008: £48.8m)
Survey ranks Lloyd’s as strongest insurance brand
Lloyd’s was today announced as one of the UK’s leading business brands - ranking first in the insurance sector and 40th overall - in the 2010 Business Superbrands survey.
One in five admit to insurance 'fronting'
New research from the Motor Insurers Bureau (MIB) and Aviva reveals that 70% of UK drivers do not understand what 'fronting' means, but that one in five of those that do understand the term admit to it.
CFC Underwriting raids THB for new finance director
Specialist lines underwriting agency, CFC has announced the appointment of Michael Grist as finance director.
1 Answer Network and Avantia join forces
1 Answer Network has collaborated with specialist household provider Avantia to offer members access to homeprotect
FirstAssist and Camberford launch scheme to protect intellectual property
FirstAssist Legal Protection has launched an intellectual property scheme in partnership with Camberford Law.
Resignations on rise in insurance sector
Resignations amongst staff in the insurance sector have increased in the year to February 2010, despite growing fears over job security, according to new research.
Towergate Financial buys mortgage broker John Charcol
Towergate's IFA arm is branching out into the mortgage sector following high profile acquisition.
Broker Direct teams up with Axa for home insurance product
Broker Direct have announced the launch of BD Home Options, a new household insurance product developed in partnership with, and underwritten by Axa Insurance.