News
Oval completes two more acquisitions
Oval has acquired Sheffield-based Hart Owens and Devon-based Griffin Commercial Insurance Brokers.
Brit brings together UK sales force
Brit Insurance has announced the appointment of George Maxwell to the newly-created position of head of sales for its Brit UK division.
PMI Health Group enters Irish market
PMI Health Group is expanding into the Irish market offering cost-effective private medical insurance to businesses with operations in the country.
Scottish broker achieves chartered status
Clark Thomson Insurance Brokers is the first major general insurance broker in Scotland to be awarded corporate Chartered Insurance Broker status by the Chartered Insurance Institute (CII).
Lloyd's launches graduate programme
Lloyd’s has launched its new graduate recruitment programme in order to recruit fresh talent and ideas to the insurance industry.
BGL Group makes Sunday Times top 250
The BGL Group is the one of the biggest mid-market companies in Britain, according to the latest Sunday Times HSBC Top Track 250 league table published this weekend.
AIG Europe in regional expansion
In a move designed to create local presence and strengthen broker contact in the region, AIG Europe (UK) opened the doors of a new branch in Newcastle this month.
Head of Axa Corporate Solutions calls for corrective action
A leading personality in the international insurance industry has said that if the current soft market cycle taking hold is to flatten out, then premium rates must be stabilised if insurers are to achieve stable and adequate pricing which means restoring…
Galbraith labels aggregators dangerous tools
Eric Galbraith, British Insurance Brokers’ Association (Biba) chief executive has hit out at the Resolution Foundation research into price comparison websites which suggested that these sites played an important role in consumer financial decisions.
Biba reveals theme for 2008 conference
The British Insurance Brokers’ Association (Biba) has announced that 'Influencing Tomorrow' will be the theme for its 30th annual conference and exhibition to be held at the SECC in Glasgow between Wednesday 30 April and Friday 2 May 2008.
Commercial flood victims missing out on £300m rate relief
Commercial properties affected by the recent floods could be losing out on up to £300m in rate relief, according to building, property and facilities management specialists, Johnson FM.
SMEs facing technology risks created by their own staff
The UK’s broadband explosion is having a major impact on the behaviour of the country’s small to medium-sized enterprise (SME) market but large numbers are failing to manage the risks this new reliance on technology creates.
Hiscox in landmark legal ruling
In a landmark ruling in the law of libel and in a unanimous, the Court of Appeal ruled that journalist Graeme McLagan acted responsibly when he researched and wrote his book Bent Coppers – The inside story of Scotland Yard’s battle against police…
Outright appoints new managing director
OutRight has appointed Geoff Carter as managing director.
Fortis moves into digital channel
Fortis has announced the acquisition of a majority share in InsureTECH Systems Limited, an internet software development company focusing on web aggregator technology for the insurance market.
RSA hits out at Government flood plans
Royal & SunAlliance (RSA) has expressed disappointment at the Government’s response to the industry’s call for improved flood defence funding.
Brit name incoming chairman
Brit Insurance has announced that Clive Coates is due to retire as chairman at the AGM on 15 May 2008. Mr Coates will be succeeded by John Barton, who is appointed a non-executive director and deputy chairman of Brit Insurance with effect from 1 October…
ABI: Government has failed on flood defence spending
Director general of the Association of British Insurers (ABI), Stephen Haddrill, has hit out at the results of the Government’s Comprehensive Spending Review on flood defence spending.
Brokers merge to create Smith Greenfield Services
Specialist brokers Smith Ross Shane (SRS) and Greenfield Risk Services (GRS) have announced that they are to merge.
CCV diversifies
Cullum Capital Ventures has followed in Towergate’s diversification path with the acquisition of a majority stake in Managing Agents Reference Assistance Services Limited (“MARAS”) a leading provider of tenant referencing services for letting agents.
ABI targets low income households
A new report published by the Association of British Insurers (ABI), Access for All: extending the reach of insurance, has found that 35% of people in the lowest-income households (less than £10,000 per year) have no insurance at all and that they also…
Equity acquires Norwich broker
Equity Insurance Group has purchased Norwich personal lines and commercial broker, Castle Insurance Services.
British Insurance Premium Index: House insurance premiums on the up
The falling trend in home insurance premiums has come to an abrupt end, blamed on a sharp increase in flood claims, the AA’s latest benchmark British Insurance Premium Index shows.
Fewer UK businesses failing but tough times ahead says new report
Although the number of corporate failures in the UK continues to decline, an increase in businesses failures in key industry sectors points to tough times ahead, according to the latest figures released by Experian, the global information solutions…