News
Comparison sites attacked again over excesses
Comparison sites have come under fire yet again for the way in which they present quotations to users.
Travelers reports income plunge
Travelers has reported that net income for the year tumbled 36%, due to heavy catastrophe and investment losses.
Allianz and Towergate strike affinity deal
Allianz Commercial has secured a three-year deal with Towergate Northampton as sole provider for a number of affinity schemes within the broker's small to medium-sized enterprise book of business.
Realty Insurances gains chartered status from the CII
Realty Insurances Limited, a specialist London broker dedicated to property owner and high net worth clients, has been granted chartered insurance broker status by the Chartered Insurance Institute (CII).
Unfair dismissal costs could hurt businesses
New compensation limits for unfair dismissal and higher statutory redundancy payments effective from February 1, 2009, expose firms to further increases in costs, according Allianz Insurance.
Managers see redundancy as inevitable
Managers across the insurance sector have accepted their own redundancy as 'inevitable', according to evidence compiled by the Chartered Management Institute (CMI).
MPPI still viable says Assurant
Assurant Solutions Intermediary has cautioned brokers not to give up on mortgage payment protection insurance (MPPI) despite recent news of product withdrawals.
BGL appoints new MD to drive claims management business
The BGL Group has appointed a new managing director for its claims management business, ACM ULR.
Rock Insurance buys affinity specialist
Rock Insurance has purchased affinity marketing specialist, AIS, as part of its plan to expand into new markets.
Arista establishes North East contact
Arista has appointed a broker development manager for Yorkshire and the North East to tap into what it sees as a growing local market.
Five million UK adults hard hit by economic climate
Over five million adults have been hard hit by an economic downtown that is on the brink of officially becoming a recession, according to new consumer research from Mintel.
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.