News
Drivers pressured to take crash blame
One in five motorists (19%) who have been involved in a crash felt pressured by the other driver to take the blame, when in 71% of cases it wasn't actually their fault, according to new research.
Axiom launch broker buisness service
Axiom has launched Axiom Brokers Services (ABSL). The new business division, led by Michael Campbell has been created to provide a suite of back office outsourcing and in-sourcing solutions for Lloyd’s brokers.
IAG rejects QBE's latest takeover bid
Insurance Australia Group has rejected QBE’s latest takeover bid, describing it as being “inadequate and incomplete”.
Lloyd's announce syndicate merger
Hardy has decided that syndicate 38Twenty will merge into syndicate 382 with effect from 1 January 2009 following a strategic review of its operations.
Henderson Insurance Brokers unveil new brand identity
Henderson Insurance Brokers, which has enjoyed more than 20 years of continuous growth, has unveiled a new brand identity.
Cassidy Davis signs Admiral Group premium protection deal
Cassidy Davis, the specialist personal lines Lloyd’s insurer, has today announced its appointment by Admiral Group plc, to provide premium protection insurance cover for their motor policies sold under the Admiral and Bell brands.
Jelf acquires again in Reading
Reading-based Godfrey Moore has sold its business to the Jelf Group. As the third acquisition in the region, the move further demonstrates the Group’s commitment to building links across the Thames Valley.
Research highlights HMRC crackdown on insurance sectors
Leading international law firm Lovells has published its 2008 Tax Disputes Survey. The report has revealed the extent to which Her Majesty's Revenue and Customs (HMRC) is tenaciously pursuing disputes against businesses involved in the banking, financial…
XL breaks out of London in regional initiative
XL Insurance, the global insurance operations of XL Capital, has opened an office in Newcastle, its first outside London, as part of its expanding UK Middle Market initiative.
QBE expands Manchester team
As part of its drive to create regional centres of empowered underwriting excellence for property, motor, casualty, professional indemnity and trade credit QBE, has in recent months recruited six key players to its Manchester office from the local…
Cooper Gay announces 32% increase in earnings
Cooper Gay (Holdings), the independent wholesale, reinsurance and specialist retail insurance broker, has announced an (EBITDA) earnings increase of 32% for the financial year ending 31 December 2007.
A third of small businesses not insured, according to research
Almost a third (29%) of small enterprises are putting their business, employees and customers at unnecessary risk by operating without any business insurance according to new research from Insurantz.com.
JLT launch new online offering
Jardine Lloyd Thompson has launched Insurantz.com, a website that delivers business insurance to small businesses; specifically; sole traders, micro businesses that employ less than 10 people and small SMEs employing up to 50 people.
Bssa blasts lack of Government consultation for Small Business Rate Bill
The British Shops and Stores Association (bssa) reacted with dismay to the government’s announcement this week that it intends to unilaterally introduce a Small Business Rate Bill in the autumn without further consultation regarding the proper safeguards…
Cunningham Lindsey moves into home repair sector
Cunningham Lindsey UK has launched Oriel, a new business that delivers assured repairs for the insurance market and property owners.
Insurance Age weekly on-air news review
Insurance Age news editor Sarah Hills, and features editor, Martin Friel, provides a run down of the major news stories from the event - watch it now
Insurers join police in crackdown on mobile phone use when driving
Police forces are not the only ones cracking down on motorists who risk lives by using hand-held mobile phones. Motor insurers are now showing support by increasing the premiums quoted for offenders – or even refusing cover, according to new data from…
Up to 40 brokers take plunge with Broker Network
Broker Network has signed up 23 brokers from across the UK as Associate Members.
Zurich sees signs of rating improvement across Europe
Zurich has reported a 10% increase in gross written premiums globally for the first three months of 2008 to $1.2bn (2007: $1.02bn). Its business operating profit improved 5% to £1189m, although its combined ratio fell 1.3% to 94.6% (2007: 93.3%).
EIS Insurance Solutions sets out growth initiative
With its long-term future secure following the recent sale of EIS Insurance Solutions, the broker’s Property and Commercial (P&C) division is set to implement a series of exciting initiatives designed to achieve further growth and profit. As well as a…
ABI welcomes government plans for a floods and water bill
The news that the Government plans to consult on a draft floods and water bill, following publication of the Pitt Review into last summer’s floods, shows that the Government is recognising the scale of what needs to be done says the ABI (Association of…
BGL builds on partnership arm
BGL Group has appointed James de Rose to the role of director responsible for insurer partnerships.
Businesses must face up to liability challenge warns Lloyd's
Businesses could be facing a future liability crisis if they do not face up to growing litigation issues Lloyd's warned today.