News
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
Open GI management shuffle
Chris Guillaume, research and development director of Open GI, is set to take charge as managing director with effect from 20 March.
Tokio Marine complete acquistion of Kiln
Tokio Marine and Nichido Fire Insurance has completed its acquisition of Kiln.
Bupa insurance income up 7%
Bupa’s UK insurance income has grown 7% to £1.90bn in 2007, according to the company's annual results.
Fortis delivers increased profit before tax of £92.2m
Fortis has reported a year on year increase in GWP of 10.1%, resulting in £757.8m versus £688.3m in 2006.
Giles starts spending £500m warchest
Giles Insurance Brokers has made its first three acquisitions following the £500 million private equity investment in the company.
Equity expands to 84 branches
Equity Insurance Group has acquired Devon-based broker, Holsworthy Insurance Services for an undisclosed sum.
Heath Lambert continue involvement with GICMA
Heath Lambert has continued its involvement with the Guernsey Insurance Company Management Association.