News
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…
Close targets smaller brokers with Enterprise offering
Close Premium Finance has launched its new Enterprise offering to insurance brokers.
Sportscover Managing Agency approved by FSA and Lloyd’s
The Financial Services Authority (FSA) and Lloyd's have given approval for a new managing agency to assume the management of the Sportscover syndicate, 3334 SCS. The new managing agency is known as Sportscover Underwriting ("SCU") and commenced operating…
WR Berkley Insurance (Europe) acquires
WR Berkley Insurance (Europe), (WRB Europe) has completed the acquisition of Irish Professional Risks to form WR Berkley Insurance Ireland.
MSL starts year with two new deals
Cheadle-based legal expenses provider, MSL, has started the year with news of two new deals. The company which has some 900 broker clients has confirmed contracts with regional independent brokers, Lorica General Insurance and Profile Insurance.
Brit joins OurNetwork panel
OurNetwork has launched an enhanced comparative Directors' & Officers' (D&O) product for member brokers and has confirmed that Brit Insurance has formally taken up its place on the OurNetwork panel of insurers.
Date set for inaugural PMI claims panel meeting
The first Transparency of Claims discussion panel is to take place on 21 January.
Fear credit hire and repair claims 'may reach £1.2bn'
New figures suggest that credit hire and repair claims are projected to cost the insurance industry ...
Acturis plans updates
Acturis has planned updates to its system for the month of January, which will aim to make it more a...
Allianz Insurance proposes changes
Following the announcement of its new retail strategy in September, Allianz Insurance has proposed a...
Insurance managers fear dire prognosis for the year ahead
A survey published by the Chartered Management Institute has compounded fears for business across th...
Companies are unprepared to face the onslaught of fraud
Companies are unprepared to face the onslaught of fraud, which is predicted to rise because of the c...
Dual Corporate Risks targets SME businesses with new digital tool
Dual Corporate Risks will make its new management liability product available electronically in an e...
Broker forum - www.insuranceage.com
Readers digest the FSA's verdict Jessica Pothering catches up with the industry's hot talking point...
Marx Insurance switches provider
Liverpool-based Marx Insurance has switched its system provider from SSP to Open GI. The broker's ma...
Moneyextra.com chief plans for revolutionary bout of expansion
Moneyextra.com is gearing up for an aggressive growth drive following the appointment of Richard Mas...
CCV has acquired Moray Firth Insurance Brokers
Cullum Capital Ventures (CCV) has acquired Moray Firth Insurance Brokers. Based in Inverness and Elg...