Pricewaterhouse Coopers (PWC)
Brokers' profitability predicted to fall
Brokers saw a strong decline in business at the end of 2011 and face further reductions in profitability at the start of 2012 according to a new report.
Household rates will continue to rise says PwC
Accounting firm PwC has warned that the recent winter storms could push household premiums up this year.
Chubb enters European cyber protection market
Chubb has launched a cyber security insurance product for companies in Europe.
Insurers' tax contribution greater than entire Home Office budget
The insurance industry made a total contribution of £10.4bn to the Exchequer a report from the Association of British Insurers (ABI) and PWC has revealed.
The jury's out on how much riots will hurt the insurance industry
With the estimated riot costs now standing at £750m, insurance experts are in conflict over how much the violent events which have dogged London, Liverpool, Birmingham and Bristol will damage the insurance industry.
Solvency II should be delayed until 2014, says European Parliament
The Committee of Economic and Monetary Affairs of the European Parliament has released its draft report on Omnibus II with the proposal that the full requirements of Solvency II should not be implemented until 1 January 2014.
Survey finds falling profitability for brokers
The latest Confederation of British Industry/PwC quarterly survey on financial services has revealed that general insurance brokers expect their volume of business and income to fall in the next three months.
Independent 10 years on - the broker response
Ahead of the tenth anniversary of Independent Insurance going bust Insurance Age has canvassed opinion in the broker market asking what impact it had and whether the industry has learnt any lessons.
Wave of new regulation tops insurance sector risks in poll
The greatest risk facing the insurance industry is the raft of new regulations being introduced simultaneously at international and local levels, according to a new survey.
Brokers remain confident but only just, according to survey
Insurance brokers remain optimistic about the overall business situation in the sector, but at a markedly lower level than previously, according to a report by the CBI and PricewaterhouseCoopers.
News analysis - regulation: anti-corrupution body calls on Government to show proper commitment to Bribery Act
The lowdown: The delay in implementation of the Bribery Act will not necessarily see a dilution of it
Delay to Bribery Act should not distract businesses, says PWC
The Ministry of Justice (MoJ) has confirmed that the Bribery Act, due to come into force in April, will be delayed until it has issued further guidance to businesses.
Brokers increasingly optimistic, survey shows
The latest CBI/PwC Financial Services Survey has found that in the three months to December optimism in the insurance broking sector rose at its fastest rate in a year with 48% more firms positive than negative about the outlook.
2010 review: A year of living cautiously
The economy grew, rival political parties unexpectedly started working together and personal lines rates even hardened, although plenty of surprises and setbacks meant that 2010 was far from plain sailing, writes Andrew Tjaardstra.
News Analysis - Broker growth: A step up before the cuts
In the last three months, the financial sector grew at its fastest since June 2007 according to research from PricewaterhouseCoopers and the CBI, which was good news for brokers.
Axa's new CEO takes up reins at start of October
Paul Evans takes up his new position as chief executive officer of Axa UK on 1 October, following on from his appointment earlier this year to deputy CEO. He also joins Axa’s global executive committee.
Insurance broking sees rise in profitability, survey says
Activity in the UK financial services sector grew in the last three months at the fastest rate since June 2007, although this growth was much slower than was expected, according to the latest CBI/PwC Financial Services Survey.
Axa appoints finance head
Waseem Malik has been appointed to the role of finance director at Axa Insurance.
General insurance sales flat in Q2, says survey
Activity in UK financial services grew in the last three months at the fastest rate since September 2007, according to the latest CBI/PwC Financial Services Survey. However the report also stated this growth was much lower than expected and firms still…
JLT announces director departures
Jim Rush, group finance director, and William Nabarro, group commercial director and chairman of the employee benefits business, are leaving the Jardine Lloyd Thompson (JLT) Group.
Willis Risk Solutions appoints head of sales and client development
Fiona Gilvey has been named head of sales and client development for the risk solutions group of Willis UK & Ireland and takes up the position immediately.
Research on broker IT spend reveals an improved outlook
Brokers are more optimistic about the year ahead than they were about 2009, according to recent research into the predicted levels of IT spend
Omega appoints head of investor relations
David Cole, former head of corporate development at Amlin, joins from Atlas Partners
"Perfect storm" brewing in commercial market
Insurers and brokers urged to rethink how risk is assessed following new research from Mactavish