News
Money Expert names Autonet as preferred provider
Autonet Insurance Group has teamed up with Money Expert to provide van insurance solutions to its users
FSCS predicts rise in PPI claims
Rising payment protection insurance (PPI) and investment claims are key drivers of compensation costs for the rest of 2009/10 and into 2010/11, according to the Financial Services Compensation Scheme.
BrightStar team joins Giles
Giles Insurance Brokers has announced that the BrightStar Risk Solutions team will join the group and establish a new Giles corporate and financial risks division, based in the City.
FSA bumps up annual funding requirement
The Financial Services Authority (FSA) has announced its proposed annual funding requirement for 2010/11 which requires an increase of 9.9% in overall funding.
Chaucer raids Groupama for e-commerce chief
Chaucer Insurance, the UK division of Chaucer Holdings, has appointed Ken Hutchinson as head of e-commerce.
CBG moves onto Acturis
CBG Group, the corporate general insurance, risk management and financial services intermediary, has moved its entire back office system onto software platform, Acturis.
Perkins Slade achieves Chartered status
Independent insurance broker Perkins Slade, which marks its 40th anniversary this year, has been awarded Chartered Insurance Brokers status by the Chartered Insurance Institute.
Ex-Ink directors set sail with MGA
MGA Ink's founders Keith Syrett and Philip Thomas are setting-up MGA Thames Underwriting to tap the contractors' market from 1 March.
Questgates snaps up Teceris division
QuestGates has acquired the liability division of Teceris Corporate and Complex Adjusting, which is part of the Capita Group.
Lloyds sells Esure stake to founder Peter Wood
Lloyds Banking Group (LBG) has announced the sale of its 70% stake in Esure, the online insurer, to a management buyout vehicle to be called Esure Group Holdings, led by Esure chairman Peter Wood.
Catlin's results reveal regional boost
Catlin Group has announced its financial results for the year ended 31 December 2009 which included a record profit before tax of $603m (£402m)(2008:$13m)
Ace raids Marsh to strengthen property business
Ace has appointed Imran Malhi as account engineer for its property business.
Chaucer to launch new liability division
Chaucer Holdings, the diversified Lloyd's insurance group, has announced the establishment of a new international liability division within Chaucer Syndicate 1084.
Broker Network launches enhanced start-up package
Broker Network has announced the launch of an enhanced Start-Up package designed to help bring new brokers to the high street, despite the lingering economic downturn.
Towergate makes series of promotions within TRS broking
Towergate Risk Solutions has made a series of senior appointments which Amanda Blanc said reflects the successful growth of its business and continuing development of its strategy
ABI hits back at Government employers' liability proposal
The ABI has voiced concerns about proposals to set up an Employers’ Liability Insurance Bureau (ELIB), as outlined in a Department for Work and Pensions consultation paper
What the Papers Say
Stories being analysed this month include: Axa's move into direct motor; use of social media in the insurance industry; Conservative plans for insurance; and the art of stonewalling the media.
Industrial data suggests future revision to gross domestic product figures according to Cebr
Data released this morning by the Office for National Statistics showed that industrial production rose by 0.5% in December from November.
Bank of England: "Strength of recovery is highly uncertain"
The Bank of England is treading carefully with its printing money policy
PB Week: John Prescott's Christmas tree
It is not very often that I have to stop the car to write things down, which by the way doesn't mean that I write while driving.
Markel appoints business development manager
Markel International, the specialty property and casualty insurer, has appointed Anne Hudson as business development manager in its retail division.
Select & Protect urges mortgage brokers to sell general insurance
Select & Protect is urging financial advisers to make the most of the general insurance opportunity and realise the benefits of adding home insurance and MPPI to their product portfolio.
Adding 1 in talks with NIG
Independent insurance marketing organisation Adding 1 has spoken to NIG following the announcement it is broadening its partnership base, Insurance Age has learnt.
Cardif Pinnacle signs MPPI deal
Cardif Pinnacle has signed a five year contract to supply Mortgage Payment Protection Insurance (MPPI) for mortgage borrowers at Yorkshire Building Society.