News
Towergate reshuffles southern retail division
Towergate has announced a series of key senior appointments to its retail division in the South.
Banks rein in PPI selling
The Financial Services Authority (FSA) has welcomed the move by Alliance & Leicester, Barclays, The Co-Operative Bank, Lloyds Banking Group (including Lloyds TSB, Halifax, and Bank of Scotland), and RBS/Natwest to stop selling single premium Payment…
High Wycombe brokers merge
High Wycombe-based broking firms J. Bennett & Son (Insurance Brokers) and D G Carr & Co have revealed they are to merge.
Ecclesiastical bolsters regional offering with three appointments
Following its regional office restructure announced in September 2008, Ecclesiastical has appointed regional directors for two of its three new offices.
Homeowners at risk of underinsuring
The new research from Legal & General's general insurance business has found that brokers are worried that customers are cutting back too much on their home insurance and may be running the risk of being underinsured as a result.
Junction lands RAC deal
Junction has signed a new five-year contract with RAC to provide motor insurance products and services to new and existing customers.
Brit establishes US presence
Brit Insurance Holdings has established a new US service operation, Brit Insurance Services (USA), based in Chicago, Illinois.
LV expands regional network
The LV broker division has further expanded its regional network with the opening of a new office in Birmingham.
Arista bolsters Northern operation
Arista Insurance has appointed David Matthews as senior development underwriter to meet growing demand from brokers in the North.
AA issues latest benchmark insurance premium index
Car insurance premiums took another sharp upward jump over the last three months of 2008, rising by an average of almost 1% per month, according to the latest benchmark British Insurance Premium Index from the AA.
Aon Benfield to outsource claims facility
Aon Benfield has said it will outsource its UK claims and other back office operations.
Biba keynote speakers unveiled
Ruby Wax and Erin Brockovich will address the insurance industry as keynote speakers of the British Insurance Brokers' Association's (Biba) 2009 conference and exhibition, 'delivering value', to be held in Manchester between 13 – 15 May.
BJP makes Canary Wharf acquisition
BJP, a Thames Valley-based commercial broker, has acquired Canary Wharf-based broker Antell Insurance Associates.
Confused.com adds new partners to home, travel and motor panels
Confused.com has expanded its home, travel and motor insurance panels with the addition of five new partners.
New MD appointed at KFFS
Kwik-Fit Group has appointed Brendan Devine as MD of Kwik-Fit Financial Services (KFFS), effective 13 January 2009.
Heritage opens Gibraltar office
Heritage Group has launched a Gibraltar insurance management operation, Heritage Insurance Management (Gibraltar).
Chubb Europe now domiciled in the UK
As of 1 January 2009 Chubb Insurance Europe is now registered in the UK as Chubb Insurance Company of Europe SE (CICE SE) and is regulated and authorised by the UK's Financial Services Authority (FSA).
SFO to investigate Madoff
The Serious Fraud Office (SFO) is opening an investigation into Bernard Madoff's UK business operations. The focus of the investigation will be on UK victims and any criminal offences that might have been committed in the UK.
FSA fines Aon £5.25m
The Financial Services Authority (FSA) has today fined Aon £5.25m for failing to take reasonable care to establish and maintain effective systems and controls to counter the risks of bribery and corruption associated with making payments to overseas…
UK SMEs benefit from £650m of EIB finance in 2008
The European Investment Bank (EIB) has signed three new generation EIB loans for small and medium sized enterprises (SMEs) in the UK for a total of £650m (EUR 720m). Three UK banks - Royal Bank of Scotland (RBS), Barclays Bank and Bank of Scotland (HBOS)…
Giles completes first acquisition of 2009
Giles Insurance Brokers has acquired LRG Insurance Services. This is Giles' first acquisition of the year and follows 21 acquisitions in 2008. Ashley Cooper, currently managing director of LRG, will take on the position of regional director within Giles.
BeatThatQuote.com goes live with five new insurers for 2009
Express Insurance, DNA Insurance and three Swinton brands, Its4Me, Diva and Motor Insurance Warehouse, have all now joined the panel of price comparison site BeatThatQuote.com to expand its motor insurance offer to consumers searching for the best deals…