News
Biba responds to FSA forensic review on transparency
The British Insurance Brokers’ Association (Biba) has expressed frustration at the result of the Financial Services Authority’s (FSA) forensic review into transparency in the commercial insurance market.
MMA receives A rating
Intermediary only insurer, MMA Insurance, has been assigned a Financial Strength Rating of ‘A’ from Standard & Poor’s.
Lead theft pressing concern for church buildings
Church buildings could be under threat of lead theft unless drastic action is taken, a national church insurer warned today, as it launched ‘Church Alert’.
Top 100 broker on the move
David Roberts and Partners (DR&P) - recently ranked in the top 100 independent insurance brokers in the UK by Insurance Age for the second year running - has announced it is putting down even firmer roots.
Venture Preference makes inroads into Manchester market
Venture Preference (VP) has established a presence in the North West, in the little consolidated Manchester area, with the acquisition of broker and financial services specialist Chambers & Newman.
Zenith teams up with Europa Underwriting
Zenith Insurance has announced that it has signed heads of agreement with Europa Underwriting part of the Europa Group. Under the terms of the agreement, Zenith will provide a capacity of up to £12 million for Europa to re launch their Elite Car product.
New real estate insurance venture announced
Jones Lang LaSalle and Aon have concluded a joint venture agreement to establish a new commercial real estate insurance services capability.
David Pye appointed Equity Red Star chairman
Equity Syndicate Management, managing agent of Equity Red Star syndicate 218 at Lloyd's, has appointed David Pye as its chairman.
Ntegrity launches new claims system
Independent broker, Ntegrity Insurance Solutions has launched Ethos, a new claims system, designed to minimise administration and paperwork.
Oval among 100 fastest growing companies
The Oval group has been named one of Britain’s one hundred fastest-growing private companies in the latest Sunday Times Virgin Fast Track 100 annual league table.
AIRMIC appoint new chief executive
John Hurrell, currently head of Marsh Risk Consulting (Europe, Middle East and Africa), has been appointed AIRMIC’s new chief executive. He will start his new position on January 7, 2008 and succeeds Alan Fleming, who has been fulfilling the role on an…
ABC launches new branches to target SME market
ABC Insurance, part of the LV= Group, has launched two new branches in Maidstone and Bristol, which will target the commercial small to medium-sized enterprise (SME) market. ABC now has four trading branches, following the opening of Croydon and…
Two new brokers join Cobra
Cobra Network has signed its 126th membet - its fifth new members in the past two months. Lewes-based LBS Commercial Insurance Brokers joined on 29th November and Henry F Dodds of Newcastle upon Tyne joined on 1st December as member number 126.
Oval buys Bristol broker
Oval has further increased its presence in the South West with the purchase of Tett Hamilton - it's 25th acquisition.
New chairman and chief executive joins Marsh
Marsh & McLennan Companies Inc (MMC) has appointed Daniel S. Glaser as chairman and chief executive officer of Marsh Inc, MMC's insurance broking subsidiary.
IIB calls upon Treasury to completely review FSCS
In its response to the HM Treasury discussion paper, Banking Reform Protecting Depositors, the Institute of Insurance Brokers (IIB) has called for a complete review of the Financial Services Compensation Scheme (FSCS).
UK commercial market set to outperform the personal market
New reports from independent market analyst Datamonitor indicate that growth in the UK commercial general insurance market will exceed that achieved by the personal general insurance market between 2007 and 2012.
AIG UK Limited successfully completes transfer process
After the successful completion of a transfer process involving permission from the High Court and notification to millions of policy holders, a new name has been created in the general insurance industry.
Record insurance reserve releases protect UK motor insurance profitability
Deloitte’s analysis of Financial Services Authority (FSA) returns has found that in 2006 motor insurers had a net operating ratio of 101.4%, the sixth year of clear operating profit. However, the headline results mask a significant downturn in underlying…
Appointment at Allianz Insurance
Allianz Insurance has welcomed Ling Stephens as its new head of internal audit, while Allianz Commer...
Appointment at Chambers and Newman (Manchester)
Chris Gradwell has been promoted to commercial department manager at Chambers and Newman (Manchester...
Appointment at ACE UK
ACE UK has appointed Patrick Drinan as its national distribution director for UK and Ireland, moving...
Appointment at Evolution Underwriting
Evolution Underwriting has recruited Jon Denney as a business development executive. He joins from W...
Appointment at Broker Direct
Broker Direct has appointed Paul Brierley as its director of sales and marketing. He takes over from...