News
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.
Hector Sants resignation could leave regulator hamstrung
Hector Sants resignation risks the regulator looking like a lame duck as political parties squabble over regulation, according to a City law firm.
FSA CEO Hector Sants to leave in summer
The Financial Services Authority (FSA) has announced that Hector Sants will leave the organisation in the summer of 2010, after three years as CEO.
Fitzgerald Consulting and Adjusting Solutions join forces
A working agreement has been established between FitzGerald Consulting, and Adjusting Solutions led by Tom Battell and David Martin
Policyfast plans to double broker base
Policyfast, the web-based underwriting agency for independent brokers, has recruited Jacky Moore in the role of broker development manager.
Zurich UK GI reports fall in GWP and profit
Zurich's UK general insurance division has reported a fall in gross written premiums and policy fees of £2.033bn for 2009, compared to £2.097bn the previous year.
Aon set to lose property team to rival broker
Market speculation suggests property team, including Keith Burnham, will join Bluefin to form new division
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.