News
Ecclesiastical profits reveal impact of summer floods
Ecclesiastical has reported a 50% drop in pre-tax profits and a sharp hike in its combined ratio as the summer floods and theft of metal from churches hit hard on its 2007 annual results.
Consumer panel responds to Northern Rock review
The Financial Services Consumer Panel said it welcomed the Financial Services Authority's (FSA) Internal Review of Northern Rock, but was disappointed that there had not been more independent input to the review.
FSA issues warning over insolvent brokers
The Financial Services Authority (FSA) has today issued a warning about two insurance brokers, Orion Direct of Clitheroe, Lancashire, and Peppercom of Cheltenham, Gloucestershire.
FSA moves to enhance supervision in wake of Northern Rock
The Financial Services Authority (FSA) has published a summary of a review carried out by its internal audit division into its supervision of Northern Rock. The review has identified a number of areas for improvement in the execution of supervision,…
Ellis challenges network competitors
Broker Network has added acquired a new business, welcomed a new member and issued the results of a member satisfaction survey prompting chief executive, Grant Ellis, to issue a challenge to its competitors to do the same.
CII support ABI's push for personal injury reform
The Chartered Insurance Institute (CII) Group has said it will support the Association of British Insurers (ABI) in calling on the government to follow through on its proposed reforms to the personal injury compensation system.
ABI urges for restrictions on passengers for young drivers
The ABI (Association of British Insurers) is calling for restrictions on the number of young passengers that young, newly qualified drivers can carry. Every year 1200 young drivers are killed or seriously injured on UK roads.
ABI calls for reform in personal injury compensation
The ABI (Association of British Insurers) has today joined forces with the CBI and Citizens Advice to call for the Government to introduce its proposals for reforming personal injury compensation without delay. These will enable personal injury…
Brit establishes underwriting presence in Northern Ireland
Brit Insurance has established an underwriting presence in Northern Ireland with the appointments of Lawrence Burgess as motor fleet underwriter and Joe Murphy as property and combined package underwriter.
Willis launches subsidiary network
Willis has extended its network offering with the establishment of Willis N2 – a subsidiary network aimed at giving community brokers access to the larger network’s resources.
CII warns of potential graduate recruitment shortfall
The Chartered Insurance Institute (CII) Group has highlighted results from recent surveys – one finding that 22% of employers said UK candidates lacked the right qualifications and 16% could not find UK candidates with the right skills - and warned that…
Axa offer for SBJ accepted
Axa has had its offer to purchase SBJ Group accepted by over 90% of the shareholders of SBJ.
City firms create smallest carbon footprint
Sectors such as banking, finance and insurance have the smallest carbon footprint per pound of wealth generated in the UK, according to an analysis of Government statistics published today by the base business forum.
Biba responds to FSA consultation paper
The British Insurance Brokers’ Association (Biba) has responded to the Financial Services Authority (FSA) consultation paper outlining its members’ view that firms selling connected travel insurance should be subject to the same regulatory environment as…
PMI given major boost by SME bosses in new study
New research has shown that one in two bosses of small businesses claim to encourage employees into healthier lifestyles and say that it reduces days off sick and improves staff loyalty.
Buisness Continuity service launched
A new service for the small to medium-sized enterprise (SME) sector has been launched to tackle the previously costly issue of business continuity.
Teen Driver Safety Programme launched
GreenRoad Technologies (http://www.greenroadtech.com), the driver safety technology provider, has announced that Staffordshire County Council is the first UK council to deploy GreenRoad Safety Center to improve teen driving.
Oval granted six-figure payout
Oval has been awarded a "substantial" six-figure sum in compensation, following successful court proceedings against Berkeley Burke.
Heath Lambert's Ernoult joins Oxygen
Former managing director of Heath Lambert National, Tom Ernoult, has joined Oxygen Insurance Brokers as managing director.
DAS UK announce headline profits of £10.3m
DAS UK Holdings, the holding company for DAS Legal Expenses Insurance Company Limited, announced its 2007 results, declaring headline profits of £10.3m, an increase of 82% on 2006.
Heath Lambert reveal year-on-year income growth
Heath Lambert has revealed its key trading highlights ahead of its results for the year ended 31 December 2007.
Insurance industry executives confident in the face of credit crisis
Insurance executives were feeling confident about their ability to manage risks and opportunities at the onset of the credit crisis, according to a new global study conducted by Towers Perrin in conjunction with the Economist Intelligence Unit.
CCV expands in the South East
Cullum Capital Ventures has acquired Sussex-based broker, Berkeley Alexander. The business has a GWP of over £10m and specialises in the wholesale of general insurance products to the mortgage broker and IFA sectors through a base of 6,500 agents across…
Novae records second successive year of record profit
Novae has reported its second successive year of record profits despite citing continuation of difficult trading conditions last year.