News
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.
FSSC calls for training and competence views
The Financial Services Skills Council (FSSC) has invited training and competence practitioners from across the UK to give their views online on the National Occupational Standards (NOS) units which are being developed for people working in this area.
Groupama launches Broker Trading Team
Groupama Insurances is strengthening its broker and intermediary relationships with a range of important service initiatives including the creation of a brand new Broker Trading Team that opened for business in February 2008.
Torrance hails strong performance despite profit drop at Allianz
Allianz chief executive, Andrew Torrance, hailed a “strong, pleasing year despite challenging trading conditions” as he revealed the insurer’s results for 2007.
Motor industry insurance profits ‘unlikely in 2009’, says AA insurance
The claim by Datamonitor that the UK motor insurance industry will make a profit in 2009 is unlikely to be realised, AA Insurance believes.
Private motor insurance could finally make profit in 2009
A new report by independent market analyst Datamonitor has revealed that the UK private motor insurance market could finally make a profit in 2009 after 14 years of unprofitability.
Barnett and Barnett acquired
IAG's UK operation has acquired Isleworth-based corporate commercial broker, Barnett and Barnett and its subsidiaries