News
Overseas homeowners warned to be more vigilant
Health and safety expert Check Safety First has warned overseas homeowners to be more vigilant before renting out their properties abroad.
Markerstudy makes four acquisitions
Markerstudy Retail has made four acquisitions in December to complement its existing operations in the Midlands.
British travellers confused about new European Health Insurance Card
Research from travel insurance company InsureandGo (www.insureandgo.com) has found that British travellers are highly confused about the new European Health Insurance Card (EHIC).
Axa plan for Cliff exit
Axa has revealed its plans following the confirmation that Mark Cliff, formerly markets managing director at Axa, has resigned and will be joining Fortis later this year. It said: 'Mark Cliff, formerly markets managing director at Axa, has resigned and…
Mark Cliff joins Fortis
Mark Cliff has been appointed in the new role as managing director of Fortis Insurance Limited (FIL), directly reporting to Barry Smith, CEO for Fortis UK.
Royal and SunAlliance becomes RSA
Royal and SunAlliance has changed its name to RSA.
Axa launches roving underwriter service
Axa has introduced a roving underwriter service offering intermediaries individual visits.
Cullum provides £10m funding for Cass Business School
Peter Cullum is to provide £10m for Cass Business School in London to form a new Centre for Entrepreneurship.
Leeds-based broker awarded Chartered Insurance Brokers title
The Chartered Insurance Institute (CII) has awarded the ‘Chartered Insurance Brokers’ title to Marshall Wooldridge Insurance Brokers.
Allianz increases premiums for mobile phone use
Allianz Insurance is increasing premiums for motorists with convictions for driving whilst using a mobile phone by 30%.
Northern Ireland based broker joins the Oval group
Oval has acquired Belfast-based insurance broker Bartholomew & James. The acquisition will create the new Northern Ireland regional foothold for UK insurance broking and financial services provider the Oval group (Oval).
Five brands join GoCompare's car insurance comaprison service
Insurance comparison site Gocompare.com has added five major car insurance brands - Churchill, Privilege, Lloyds TSB, Tesco and Virgin - to its car insurance comparison service. Consumers can now compare over 60 car insurance brands at the www.Gocompare…
Lark acquire London-based broker
Lark Group has acquired Grosvenor Court Insurance Services Limited for an undisclosed sum. Grosvenor Court is based in central London and specialises in property insurance. The acquisition will add around £1.5 million gross premium and £450,000 revenue…
Confused.com signs a deal with RBSI
Royal Bank of Scotland Insurance (RBSI) has completed its aggregator u-turn by entering into an agreement to feature all of its insurance products on Confused.com.
Weekly news review
Sarah Hills, Insurance Age news editor provides a run down of the major broking news this week including: Three directors at Leicester-based Broker, Shakespeare Underwriting, face a three-year ban; a new broking consolidator due to enter the market this…
Lockton recuits Willis’s Head of Office in Manchester
Lockton’s Corporate Risk Solutions division has appointed Matt Davies as managing partner. Manchester forms part of Lockton’s Corporate Risk Solutions’ Northern Region, with an experienced Partner Group across the North and established offices in Leeds…
Impartial role of the FOS at risk, says law firm
Proposals by the Hunt Review of the Financial Ombudsman Service (FOS) that a league table of successful complaints against financial services firms should be published would undermine its role as an independent adjudicator says Reynolds Porter…
CCV returns to smaller end of the market
Following the recent acquisitions of Protectagroup and HLI, Cullum Capital Ventures has announced two further acquisitions.
Giles makes two more additions
Giles Insurance Brokers has acquired two more regional brokers as part of its recent consolidation drive following investment from Charterhouse.
Directors face three year ban
Three directors of Leicester-based broker, Shakespeare Underwriting, have been disqualified for failing to comply with their Terms of Business Agreement (TOBA), Insurance Age has found.
Net FSCS levy contributions to decrease
The Financial Services Compensation Scheme (FSCS) has set its levy for 2008/09 at £131.7m.
UK corporate insurance premiums fall by 20%, according to Aon
UK companies are seeing their insurance premiums fall by up to 20% and they could continue to benefit from a competitive market until 2009/10, according to Aon, the UK’s leading insurance broker. Speaking to south west companies at SS Britain this week,…
Campaign launched to reduce SME premiums
Insurers should offer reduced premiums to small to medium-sized enterprise (SME) customers who take sustained steps to invest in effective risk management strategies and solutions – according to a campaign launched today. In a statement, document…