News
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…
Camberford Law confirm MBO
There has been a management buyout at Camberford Law, as first revealed by Insurance Age at the beginning of April.
U.K. Insurance Market stable despite softening cycle, says report
In its latest review of the U.K.insurance market ("Insurance Industry Risk Analysis: U.K. Economic Risk Increases But Unlikely To Put Pressure On Non-Life Ratings") Standard & Poor's Ratings Services says that despite the strength of results and ratings,…
Erinaceous attempts to go back to basics
Erinaceous Insurance Services has gone ‘back to basics’ in its Property and Commercial Division (P&C) as the company begins to emerge from a very difficult period.
Homeowners still not defending against flooding
New research has revealed that homeowners in flood hit areas have done little or nothing to reduce their risk of future damage.
Survey urges SMEs to tighten up company driving policies
Autoglass has urged small to medium-sized enterprises (SMEs) to tighten up their company driving policies following a national survey which revealed that a third (33%) of employees using their own vehicles for work have not insured it for business use.
Insureandgo seeks new managing director
The privately owned travel insurance company InsureandGo is looking to recruit a new managing director to help the company diversify and grow into new areas of insurance.
LFC Insurance Group acquire shareholding of R. S. Hayworth & Co
LFC Insurance Group, the South-East based commercial brokers, has acquired the shareholding of R. S. Hayworth & Co - trading as Shield Policies. This underwriting agency has a track record going back to 1923 and operates from Feering, near Colchester, in…
CBG continues acquisition spree
CBG Group, the Manchester based insurance broker, financial adviser and healthcare specialist, has completed the acquisition of Howgud, and it’s trading subsidiaries, EDN (Insurance Services), E Davies (Northern) and EDN (Financial Services), on 04 April…
Cobra acquires three brokers and an underwriting agency
The Board of Cobra Holdings, a major UK-based retail and wholesale insurance broking group, has acquired four businesses comprising of three insurance broking entities, Giles (Alton), J.K. Lee, G.D.K Insurance Services and an underwriting agency, County…
MOJ confirms delay
The delays to the personal injury reforms will likely continue until the end of the month, according to the Association of British Insurers (ABI).
Equity Insurance adds two acquistions to its tally
Equity Insurance Group has today completed two further book acquisitions, transferring both personal lines and commercial accounts into its growing branch network.
Jelf acquisitions push GWP towards £250m
Jelf Group, the Bristol-based consolidator, has acquired Clarke Roxburgh and its subsidiaries: Clarke Roxburgh Insurance Brokers, Clarke Roxburgh Financial Planning and Clarke Roxburgh Mortgages and Gillingham-based Argyll Insurance.
Marsh warns of hidden risks in corporate manslaughter legislation
Marsh has warned UK businesses of the hidden risk and insurance implications of the Corporate Manslaughter and Corporate Homicide Act 2007, which comes into force on 6 April.
Lloyd's reports £3.8bn profit
Lloyd's has announced £3.8bn profit for 2007
Participation key to UK Insurance Market gaining from Solvency II
Complacency amongst UK insurers about the impact of Solvency II, and a failure to take part in the Quantitative Impact Studies (QIS) taking place, risk the UK losing its established advantage as a leading insurance market in Europe, according to Deloitte…
Giles bolsters acquisition drive with new appointments
Giles Insurance Brokers has appointed Gordon Crosbie as Scottish regional managing director.
Hyperion partners with private equity firm
Private Equity company, 3i, has entered into a new partnership with Hyperion, the international insurance group, investing for a minority shareholding in the company in a deal valuing the business in excess of £120m.
Government launches initiatives to tackle fraud
The Government has launched fraud initiatives National Fraud Strategic Authority (NFSA) and National Fraud Reporting Centre (NFRC). The bodies have been established on the recommendations of the Government’s Fraud Review which reported in July 2007. The…