News
IFB enhances fraud awareness
The Insurance Fraud Bureau (IFB) has seen website and Cheatline figures rise significantly during 2009 following a rise in public awareness.
MSL boosts sales team with Fusion hire
MSL Legal Expenses has expanded its sales operation by appointing Kathryn Johnson as UK sales manager
Three insurance brokers appear in national profit league
The Deloitte and Touche sponsored Sunday Times Buyout Track 100 features Giles, RFIB and Oval in its list of UK private equity-backed companies with the fastest-growing profits.
Former Chartis legal counsel joins Marsh
Marsh has appointed Eleni Petros as a senior vice president of its Financial and Professional (FINPRO) Practice
Law firm calls for FSA governance plans to be delayed for insurers
Proposals by the Financial Services Authority (FSA) to reform corporate governance should be delayed for insurers, according to law firm Reynolds Porter Chamberlain (RPC).
Hyperion reports 19% increase in operating income
Hyperion has reported an operating income of £57.2m and EBITDA of £8.8m, for the 12 months ending 30 September, 2009, up 19% and 7% respectively on the previous year.
Lloyd’s publishes two-year strategy
Lloyd’s has today released its 2010 – 2012 strategy after a review of the market’s position involving over 50 managing agents, brokers and market associations.
Wilson leaves Close Premium Finance
Close Premium Finance (CPF) has announced that Tim Wilson, sales director, has left the company.
Kwik Fit announces strongest day of trading
Kwik Fit Insurance has announced its strongest figures for a single day of trading since the company was established in 1995.
Insurance study highlights international healthcare risks
A study by PMI Global has revealed that 20% of companies that send employees abroad for prolonged periods of six months or more fail to provide them with international health insurance.
PowerPlace targets brokers with new head office
PowerPlace has opened a new head office in Warwickshire, between Warwick and Leamington Spa.
Insurewithease.com appoints online marketing manager
Travel insurer, Insurewithease.com, has appointed Sarah Taylor as online marketing manager.
19,077 companies went into liquidation in 2009
Figures from the Insolvency Service show pain of the recession
FSA bans director of mortgage and general insurance firm
The Financial Services Authority (FSA) has banned the director of a Manchester-based mortgage and general insurance firm from holding senior positions in the financial services industry.
Lloyd's insurer Jubilee merges syndicates
Following Lloyd's approval Jubilee Managing Agency has merged its motor Syndicate 1231 and property and personal lines Syndicate 5820 for the 2010 year of account.
British Insurance Awards 2010: Call for entries
The British Insurance Awards 2010 are now officially open for entries. These prestigous awards, for the entire UK general insurance industry, will be presented at the Royal Albert Hall.
Bank of England holds interest rates at 0.5% for 11th month in a row
The Bank of England has announced today decisions to keep interest rates on hold at 0.5% and to stop the asset purchase facility at £200bn.
Oxygen appoints in Leeds following death of former boss Sean Hicks
Oxygen appoints Julie Donkin for motor trade and specialist sectors to replace staff leavers in Leeds
Groupama creates tailored SME service for brokers
Groupama Insurances has launched a variable commission option across the whole of its commercial product range
Zurich reports fall in GI profit but rise in COR
Zurich has reported a 2% fall in general insurance business operating profit to $3.5bn (£2.2bn) in 2009, compared to the previous year, however, in local currencies it increased by 1%.
Paul Brierley leaves Our Network
Network managing director leaves the organisation following establishment of joint venture with IIB
Catlin raids Swiss Re for senior hire
Catlin Group has announced that Martin Zingg has been appointed chief investment officer of the Catlin Group with effect from 1 March. He will be based in Catlin’s office in Zurich, Switzerland
Willis Group's revenue and income rise in 2009
Willis Group Holdings, the global insurance broker, today reported results for the year ended December 31, 2009, which showed a $134m (£84.4m) rise in net income and $500m growth in revenues.
QBE becomes partner to RFU
On 3 February QBE announced an agreement to become the official insurance partner of England rugby.