News
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.
Insurance Age TV
Insurance Age deputy editor Martin Friel talks to Grant Ellis, CEO of the Broker Network Group about current market trends. He talks about how the recession has impacted brokers' businesses; how insurers have adopted a "take it or leave it" approach to…
UK insurance companies not in line with Solvency II requirements
Accountancy Moore Stephens has warned that some existing internal business models in the UK insurance industry may not be in line with standards required under Solvency II, the EU project to create a system of risk-based prudential regulation in the…
Marsh launches new community initiative for SME brokers
Marsh has formed a nationwide community of independent mid-sized UK brokers, as a key part of its growth strategy in the SME sector and in response to regional broker needs.
Oxygen establishes new facilities team
Oxygen Insurance Brokers has created a facilities broking team, to be headed up by Donald Alcorn and Jonathan Woods.
Enterprise Rent-a-Car launch new direct hire service
Enterprise Rent-A-Car has launched a new not-at-fault direct hire model for insurers. The company said that the model would provide insured drivers involved in not-at-fault accidents with a way to access their rights to mobility and access to justice,…
Unicorn Underwriting launches new property division
Unicorn Underwriting, the specialist underwriting agency arm of THB group, has secured full delegated authority from Zurich Insurance to start underwriting property investors business.
Ascot lays financial foundations for further growth
Ascot Underwriting has deposited an additional $100m at Lloyd's to support its 2009 business plan.
Dual's Kilpatrick appointed executive chairman
Dual Corporate Risks has promoted managing director Russell Kilpatrick to the newly created position of executive chairman.
Brit to redomicile in the Netherlands
Brit Insurance has announced it is set to redomicile in the Netherlands as it reported a drop of over £100m in pre-tax profits to £89.2m (2007: £191.2m).
Hiscox sees £130m drop in profits
Hiscox has reported a slump in pre-tax profits of over £130m to £105.2m (2007: £237.2m) for 2008. The insurer also reported a deterioration in its combined ratio to 91.1% (2007: 85.5%) which it blamed poor investment returns.
Insurance Age TV
Insurance Age reporter Jessica Pothering discusses this week's broking headlines: Aviva's financial results; Paul Cosh's planned departure from Hero following its acquisition by the Capita Group; and former Axa CEO Peter Hubbard's move to Keoghs.
BeatThatQuote goes green
BeatThatQuote.com has announced that eco friendly insurance intermediary the Green Insurance Company has joined its panel bringing the total number of contracted motor insurers up to 62.
Novae reports £40.2m pre-tax profits for 2008
Lloyd's insurer Novae has reported a pre-tax of £40.2m for 2008 despite an estimated $40m (£28.1m) loss from Hurricanes Gustav and Ike (net of reinsurance and reinstatement premiums).
Insurance Age TV
Insurance Age reporter Jessica Pothering discusses this week's broking headlines: Aviva's financial ...
Fortis pushes growth aims with board appointments
Fortis (Insurance UK) has added two independent non-executive director to its life and non-life teams as are part of the company's growth strategy in the UK.
Giles makes four new appointments
Giles has appointed Howard Pearson, retail managing director and Mark Addis, wholesaling managing director, to its board, subject to regulatory approval.
Aon aims to help companies reduce risk costs
Aon Global Risk Consulting has launched a cost reduction initiative for EMEA businesses to help reduce their cost of risk.
Drivers prepared to commit fraud to bring down premiums
Millions of drivers are considering taking drastic action to reduce the cost of keeping their cars on the road, according to new research from Gocompare.com.
Comparethemarket expands motor offering
Comparethemarket.com has added twelve motor insurance brands to its site.
Appointment at Heath Lambert
Heath Lambert has appointed Lorna McFadzean as associate director. Previously head of the private cl...