News
Insurecom launches new broker software product
Insurecom has released a new intermediary software product for brokers' front and back offices.
Axa Corporate Solutions reports 8.2% growth in turnover in 2008
Axa Corporate Solutions recorded 8.2% growth in turnover in 2008, reaching €1.954bn (£1.748bn), while underlying earnings grew 16.8% to €113m.
Independent compensation orders completed
The final confiscation order has been made in the Independent Insurance fraud with the order that Philip Condon pay nearly £1.3m.
Motorists could be overpaying for car insurance by £1bn
Five million UK motorists could overpay for their car insurance this year by as much as £1bn and will have no idea how much they could be saving, according to new research from Gocompare.com.
Aon claims ratings agencies falling behind credit insurers
Aon Trade Credit has claimed that credit insurers have taken over the mantle from ratings agencies in determining UK companies' credit worthiness.
Fortis takes over for Axa in UKU deal
Fortis Insurance and UK Underwriting have announced an agreement to enter into a five year partnership, worth in excess of £50m gross written premiums annually.
Heath Lambert in new Birmingham operation
Heath Lambert will expand its UK operations with the establishment of a new venture in the heart of Birmingham. Former director general of the CBI, Digby Jones, now Lord Jones of Birmingham, will open its new office on 4 March 2009.
Open GI launches SME trading platform
Open GI has extended its commercial broking functionality with the launch of Open Trader - a new fully integrated small to medium-sized enterprise (SME) trading platform.
Aon and BAE Systems commit to 5 year insurance deal
BAE Systems has become the first private sector business to adopt Aon's aligned long term programme (ALTP), which is an insurance package supporting long term financial planning.
Comparison Consortium enlists ABI input for code of practice
The Comparison Consortium, the trade body established earlier this year to regulate and represent the online price comparison industry, is to work with the Association of British Insurers (ABI) to develop a new code of practice for online insurance…
Equity Red Star establishes Bristol operation
Equity Red Star has further expanded its regional presence with the opening of a new office in Bristol.
Close Brothers appoints new CEO
Close Brothers Group, the parent company of leading premium finance provider Close Premium Finance has appointed Preben Prebensen as its new Chief Executive. Prebensen joined the company from Catlin Group, the international specialty property and…
BeatThatQuote adds to car insurance panel
BeatThatQuote.com has announced that Hampshire based telephone and online insurance broker Computerquoteinsurance.com has joined its car insurance panel.
New car insurance comparison website launched
A new comparison website, Supermarketcom.co.uk, has been launched, allowing customers to review top name insurers for car insurance, van, home, bike and travel insurance at no cost.
Esure to create 500 jobs in Glasgow
Esure has announced that it is to expand its Glasgow operations with the creation of 500 jobs within five years.
Willis trumpets new network members
Willis Group Holdings has announced that eight new members have joined Willis Networks, its partnership with local, independent insurance brokers in the UK, since the beginning of 2009.
Xchanging signals end for paper policies at Lloyd's
The Market Reform Group (MRG) has announced that with effect from 1 March 2009, all requests for a policy will be submitted to Xchanging electronically via the Insurers' Market Repository.
Biba "alarmed" by FSA fee and levy proposals
The British Insurance Brokers' Association (Biba) has voiced its concerns over the proposals contained in the Financial Services Authority (FSA)'s Consultation Paper CP09/7.
Rock Insurance acquires MRL Insurance
Rock Insurance has acquired specialist personal lines insurer MRL Insurance as part of its plan to expand into new markets.
Insurance Age On Air News Review
Michelle Worvell rounds up the main broker stories this week including: James Crosby, the former chief executive of HBOS has resigned from his post as deputy chairman of the FSA; Marsh & McLennan reports a fall in both revenue and net income in its…
Groupama in operational restructure
Groupama Insurances has announced changes to its operational structure which it says is designed to sharpen its business focus, enhance service and deliver greater access to decision makers.
Property specialist predicts significant sector growth
PropertyRisks, the property insurance specialist, has created a dedicated broker support unit and doubled the size of its Eastleigh premises.