News
Details of annual insurance charities day revealed
The insurance charities annual charity day is being held this year on Friday 20 June.
Stackhouse Poland acquires
Stackhouse Poland has cemented its position as one of the country’s leading independent insurance brokers with its acquisition of 100% of the share capital of David Fangen Holdings, which includes David Fangen (based in London) and W Burch & Son (High…
SSP rolls out integrated imarket solution, iConnect
SSP has rolled-out its integrated imarket solution, iConnect, to its first 100 brokers and is expecting to have a further 100 using the system in the next quarter as transaction volumes continue to pick up momentum.
Business as usual despite credit crunch says Focus Solutions’ survey
44% of financial services institutions said that it was business as usual and that the current economic climate has had no effect on their business, according to a survey conducted by Focus Solutions at their focus:360° launch event and industry briefing…
Defaqto response to the CC Provisional Findings Report
Defaqto has welcomed the publication by the Competition Commission of its provisional findings in its inquiry into the Payment Protection Insurance market.
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Insurance Age weekly on-air news review
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Zurich to cut general insurance workforce by up to 900
Zurich has announced that up to 900 people could be made redundant as part of a “significant re-shaping of the company”, putting one sixth of the insurer’s UK general insurance workforce at risk.
Axa expands protection large case team
Axa has expanded its large case team for protection products.
Jelf annouces strong performance and continued growth
Jelf Group has annoucnes a 49% growth in revenue to £25.0m (2007: £16.8m) in its interim results for the six months ended 31 March 2008.
Take PPI away from credit providers says British Insurance
The Competition Commission’s latest Report recommending measures to prevent consumers being ripped off by lenders selling Payment Protection Insurance is lightweight and will not protect against exploitation, said Simon Burgess from independent PPI…
PPI/CC news is 'unreal' and 'absurd' says law firm
Simon Morris, a partner with CMS Cameron McKenna, said of the PPI/Competition Commission news: “This is unreal. The Competition Commission suggestion that firms be banned from selling PPI (Payment Protection Insurance) to customers to protect their loans…
High Court finds in favour of insurance companies QBE and Markel
The High Court today found in favour of QBE, Amalfi Underwriting Underwriting Limited and Markel in a joint fraud action those companies brought against former directors and managers/associates of Surety Guarantee Consultants Limited (SGC). Davies Arnold…
Ex-NU director joins MMA and sets out ambitious strategy
One of Norwich Union’s former directors, John Seaton, has been appointed as underwriting director at intermediary only insurer, MMA Insurance (MMA).
'You reap what you sow' say moneysupermarket.com on CC proposals
Commenting on the Competition Commission's findings into PPI, Stuart Glendinning, managing director of price comparison site, moneysupermarket.com, said: “You reap what you sow. The prospect of preventing lenders selling PPI at the point of sale is an…
Brit Insurance ratings confirmed by Fitch
Brit Insurance Holdings has welcomed the decision by Fitch Ratings to confirm the “A+” Insurer Financial Strength rating for the Group’s principle insurance company subsidiary, Brit Insurance. In affirming the rating, Fitch acknowledges the company’s…
Heath Lambert extends national division
Heath Lambert has extended its national division to include existing London-based speciality retail units in addition to its branch network.
Snowball insists Cullum and Homer could run listed Towergate
Outgoing Towergate deputy chairman Patrick Snowball has said he could return to the Towergate board in the future, but that his immediate future lies elsewhere in the general insurance space.
Brits underestimating home contents insurance, says Legal & General
Legal & General recently surveyed over 4,000 people as part of the Changing Face of British Homes research which revealed that 15% of Brits have no idea how much it would cost to replace the contents of their home.
Travel insurers discriminate against 15% of UK population says Karma Insurance
Travel insurers are openly discriminating against the 9 million UK sufferers of Diabetes, Epilepsy, Asthma, Multiple Sclerosis, Parkinson’s, Motor Neurone and Dementia, claims Brian Wright, Managing Director of karmainsurance.com
Brightside Group acquires Group Direct and Injury QED
In a statement issued to the London Stock Exchange Brightside Group has acquired Group Direct and its associated companies, and Injury QED.
RBSI confirms another senior departure
Royal Bank of Scotland has confirmed that Michael Rea has left his role as director of NIG.
Big companies bury heads in sand over stress, says report
Stress continues to torment companies according to the Employee Benefits/ HSA Healthcare Research 2008. The survey has found that although stress remains a key issue for all employers, it appears to be especially concerning for large companies, and those…