News
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.
R J Kiln & Co acquires share in expatriate insurance specialist
R J Kiln & Co (Kiln) and Ibex Insurance Services (Ibex) today announced that Kiln has acquired a minority shareholding in the Gibraltar-based insurance provider.
Insurer wins case in Court of Appeal
The Trustees of Syndicate 1243 have won their case against Kosmar Villa Holidays in the Court of Appeal.
Kaupthing Singer & Friedlander Premium Finance launch new system
Kaupthing Singer & Friedlander Premium Finance have launched their new trading system, called K-nect.
Gresham confirms Giles exit
Gresham Private Equity, the UK mid market private equity specialist, has confirmed that it has successfully exited broker Giles through the sale of the business to Charterhouse Capital - news that was broken by Insurance Age on the 21 February.
Small business survey results revealed
A survey of the UK small business sector, conducted by Department for Business, Enterprise and Regulatory Reform, has revealed that nearly half of those questioned were producing new products and services, the highest level since the survey began in 2003.
New claims and risk management service set for launch
Legal & Professional Claims is set to launch a new professional indemnity (PI) claims and risk management service this summer.
RAC unveils the nation's breakdown propensity profile
New data from RAC has revealed the profile of motorists most likely to breakdown in Britain. Those most at-risk drive a blue car, are born under a Libra starsign, and live in Croydon, Greater London.
Allianz rethinks claims handling ahead of MoJ
Allianz Insurance is preparing to pilot a number of changes to the way it handles personal injury claims ahead of the anticipated reforms by the Ministry of Justice (MoJ).
Hiscox confirm another record year in results
Financial highlights Record pre-tax profits up 18% to £237.2m (2006: £201.1m) Gross written premiums up 6.5% to £1,198.9m (2006: £1,126.2m) Group combined ratio improves to 84.4% (2006: 89.1%) Earnings per share on profit after tax up 16.1% to 48.4p …
Davies Chartered Loss Adjusters in £27m MBO
A £27m management buyout of Davies Chartered Loss Adjusters will see the 39-year-old business reorganised and restructured to strengthen its position in the UK insurance market.
Travel insurer estimate 3.32 million first-timer skiers to hit the slopes
New research from travel insurance company, InsureandGo, has found that 7% of the adult population – some 3.32 million people - intend to go skiing or snowboarding for the first-time over the next few months.
Appointment at Focus Solutions Group
Focus Solutions Group, an office solutions provider for financial services distributors, has recruit...