News
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.
Flood warnings issued as storm hits parts of UK
Parts of Britain continue to be battered by rain and gale force winds as the worst winter storm of the year sweeps across the country.
Care Homes oblivious to Corporate Manslaughter Act
New legislation that will allow corporate manslaughter charges to be brought against negligent care homes may be just a few weeks away, but a new study by Venture Preference has revealed that many care home managers and owners remain completely unaware…
Five FSA officials resign
The Financial Services Authority (FSA) has confirmed that five senior officials who had been supervising Northern Rock have resigned.
Brit confident in market after posting £191.2m profit
Brit Insurance has reported a profit before tax of £191.2m (2006: £186.3m) on gross written premiums of £1264.9m (2006: £1236.3m).
Aggregator strikes exclusive white label deal
OnlyFinance.com has struck an exclusive deal with Loot, the classified ads paper and website, to provide its readers with white labeled insurance offerings.
More arrests in the 'crash for cash' schemes
West Yorkshire Police have charged three individuals in the ongoing inquiry into ‘crash for cash’ scams in conjunction with the Insurance Fraud Bureau (IFB).
New aggregator site enters congested market
Lloyds TSB has entered the increasingly competitive aggregator market with the launch of insurance.co.uk, the first high street bank to do so.
Towergate claims victory in Chaucer spat
Towergate has reached an out of court settlement with Chaucer, bringing an end to the High Court case it brought against the insurer.
Axa makes Lloyd's move with latest broker purchase
Axa Advisory Holdings has made a formal offer to purchase 100% of the share capital of SBJ Group.
Employment tribunals increase but businesses fail to act
Nearly two thirds of smaller businesses are leaving themselves exposed to legal action from their own employees, despite the number of employment tribunals increasing by 15% last year, according to figures released by Hiscox.