News
Alec Finch steps down
Alec Finch has announced his intention to leave the company following the completion of the integration of Alec Finch Group and French broker Verlingue.
Snow storms caused £63m worth of car accidents
Sainsbury's Car Insurance has estimated that the UK insurance industry received 45,000 car insurance claims relating to accidents worth approximately £63m last week, when much of the nation was covered by the heaviest snowfall in 20 years.
Marsh Q4 revenues slip
Marsh & McLennan, the owner of broker Marsh and reinsurance broker Guy Carpenter, said that fourth quarter revenues shrank 9% to $2.7bn, down 9% from the fourth quarter of 2007.
GAB Robins UK confirms MBO
GAB Robins UK has confirmed its current management team is in advanced discussions to acquire a controlling equity interest in the UK business operations.
First 'pay how you drive' scheme launched
GreenRoad and Admiral have teamed up for a 'pay how you drive' scheme to encourage young drivers to drive safely.
RSA acquiresStockport repair centre
RSA has acquired a new Quality Repair Centre (QRC) in Stockport. This will be the company's sixth automotive bodyshop dedicated to repairing its customers' motor vehicles.
Brit predicts higher than expected profit
Brit Insurance has predicted that pre-tax profit for 2008 is expected to be significantly higher than the market consensus of £32m.
ABI warns against ignoring Environment Agency flood risk report
The Association of British Insurers (ABI) has warned that it will become more difficult and costly to insure new property developments that are constructed without regard to Environment Agency (EA) concerns about flood risk.
Chaucer receives "a number of approaches"
Chaucer has said that it has received a "number of approaches" since it announced a £75m capital raising at the end of January.
Giles ranked third in Sunday Times Buyout Track 100
Giles Insurance Brokers has achieved third place in the Sunday Times Buyout Track 100.
MMA establishes two new offices
Broker insurer MMA Insurance has boosted its regional presence with the establishment of new offices in Manchester and Birmingham.
Former employees increasingly suing for unfair dismissal
Hiscox has warned that in the current economic downturn it has seen a threefold rise in insurance claims over the last quarter from small to medium-sized enterprise (SME) employers being sued by former employees for 'unfair dismissal'.
Brokers remain upbeat in the face of recession
Insurance brokers have remained confident about the UK insurance market's resilience to the current economy, according to a new survey by FWD Research.
‘Unfair dismissal' claims spike in current economic climate
Hiscox has warned that it has seen a threefold rise in insurance claims over the last quarter from small to medium-sized enterprise (SME) employers being sued by former employees for 'unfair dismissal'.
Brokers' FSCS levies could rise
Brokers could be facing an increase in their Financial Services Compensation Scheme (FSCS) levies fo...
BJP acquires Antell Insurance Associates
Thames Valley-based commercial broker BJP has acquired motor trade specialist Antell Insurance Assoc...
Norwich Union purges commercial book as market rates show hardening
Norwich Union (NU) is purging its insurance portfolio of poorly performing business as other large c...
Insurance managers anticipate an enormous slew of redundancies
Managers across the insurance sector have accepted their own redundancy as 'inevitable', according t...
MSL signs new business contracts
Cheadle-based legal expenses provider, MSL, has signed new business contracts with regional independ...
January
It was reported that Junction was set to replicate the success of its insurer-based solutions in the...
LV targets Scottish brokers with office set up in Glasgow
LV has extended the reach of its broker division with the establishment of an office in Glasgow. Th...
New appointments and promotions at Insurecom
Insurecom has made several new appointments and promotions. Rod Britton has joined as chief financia...
Brit Insurance joins panel
OurNetwork has confirmed that Brit Insurance joined its panel of insurers at the same time it enhanc...