News
Business crime up 10% for second consecutive half-year
The latest figures in the Axa Business Crime Index has shown a rise in arson, malicious damage and forcible theft, which increased 10% for the second consecutive half-year (to end 2008), suggesting the increase could be recession related.
Massive rise in seizure of uninsured vehicles
Police are seizing more than 460 uninsured vehicles a day, figures released today by the Association of Chief Police Officers (ACPO) and the Motor Insurers' Bureau (MIB) have revealed.
Liiba acheives 98% market affiliation
London and International Insurance Brokers' Association (LIIBA) has announced that more than 120 firms have joined the association following its formation at the end of last year to represent brokers in the London insurance market. Between them these…
Insurance Age on-air news review
Jessica Pothering sums up this week's broking news headlines, which included: Total being found 100% liable for the Buncefield explosion and subsequent claims; the Adrian Dunno case against Bluefin being found unfairly dismissed; Swinton's chief…
MMA appoints trading manager
MMA Insurance has appointed Chris Withers as its new trading manager with responsibility for developing trading opportunities with key intermediary partners.
LV records £200m loss
LV has reported a sharp increase in operating profit, but in line with many other insurers, investment losses have dragged the results down.
Insurance Age on-air news review
Jessica Pothering sums up this week's broking news headlines, which included: Total being found 100%...
Zenith appoints new CEO
Peter Austin has been appointed Zenith Insurance's new CEO by Jeff Mack, group CEO for Guardian Holdings (GHL), Zenith's parent company. His appointment will be effective starting in April.
MMA announces roadshow dates
Broker insurer MMA Insurance is finalising its first national road shows for brokers, beginning in North East England this May.
Patrick Smith to step down as Swinton CEO
Swinton's current deputy chief executive Peter Halpin will take as over the chief executive role from Patrick Smith, who is to remain on the board as chairman.
Bluefin confirms "unfair dismissal" verdict in Dunno case
Bluefin Insurance Services has confirmed that the London Central employment tribunal found that the case brought by Adrian Donno resulted in an unfair dismissal.
NU warns of property underinsurance
Property owners are putting themselves at risk of facing huge costs by not insuring their properties to the full reinstatement value, Norwich Union (NU) has warned
AMII makes changes to executive committee
The Association of Medical Insurance Intermediaries (AMII) has made changes to its executive committee at its annual general meeting.
LIU moves into IFA professional indemnity market
Liberty International Underwriters Europe (LIU), a division of Liberty Mutual Group, has expanded its professional indemnity presence with a new team covering the market for Independent Financial Advisers (IFA).
FSA fines insurance claims handler for noncompliance
The Financial Services Authority (FSA) has fined Blackburn insurance broker Aspray Limited £21,000 for control failings over its appointed representatives (ARs) and for misleading both its clients and the regulator.
Willis staff offered cash incentives for unpaid leave
Willis chief executive Joe Plumeri has offered staff cash incentives to cut their working hours in a bid to trim costs, Reinsurance can reveal.
New Lloyd's syndicate set to launch
Arch Insurance Company Europe, a subsidiary of Arch Capital Group, is set to launch a new syndicate at Lloyd's.
Heath Lambert reports flat trading
Heath Lambert has reported flat trading with earnings before interest, tax, depreciation and amortisation (EBITDA) remaining at £17.5m.
CCV makes purchase in Warrington
Cullum Capital Ventures (CCV) has purchased the general insurance business of K F Garner & Co. Based in Warrington, the company was established in 1983 and controls gross written premiums of £2m.
Arista raids AIG to establish Birmingham office
Arista Insurance has opened its sixth office to support Birmingham and Midlands-based brokers. The move continues Arista's strategyaim of establishing offices in the main UK insurance centres.
Arc appointed claims handler for CCV buy-to-let business
Arc Legal Assistance has been appointed by CCV Letting Agents Solutions (CCV LAS), part of Cullum Capital Ventures, to provide landlords legal and rent guarantee protection claims handling services following CCV LAS's move into this market.
Arag acquires solicitors' network
Arag has strengthened its position in the after-the-event market with the purchase of leading intermediary ATE Ltd for an undisclosed sum.
OurNetwork claims 200th member
OurNetwork has announced it has signed up its 200th member.