Articles by Martin Friel
FSA to increase regulatory fees once again
The Financial Services Authority (FSA) is to increase the level of fees firms will be required to pay for 2012/13 under its annual funding requirement (AFR).
Trade body demands greater clarity over new regulators
The International Underwriting Association (IUA) has called for greater clarity on how the two new insurance regulators are going to cooperate.
Coversure opens first of several new offices
Coversure Insurance Services has opened a new office in Ilfracombe in Devon.
Scottish referral fee ban produces UK's lowest rate of whiplash claims
A ban on referral fees under Law Society of Scotland rules of practice has resulted in the country recording the lowest rate of whiplash claims in the UK.
Insurers behaving in 'morally repugnant' fashion over PI auctions
A solicitor’s firm has branded the practice of auctioning books of personal injury claims morally repugnant and bankrupt.
Underinsured flooding risks costing £1bn a year
Uninsured or underinsured flooding risks are costing £1bn a year in England and Wales according to new figures.
QBE bags public sector contract
QBE has signed a deal to underwrite the public sector business of AJ Gallagher subsidiary Risk Management Partners (RMP).
Aviva finance officer leaves to join Torus
Torus has appointed Tim Harris as its new group chief financial officer.
Former Zurich financial officer joins Deloitte
Deloitte has appointed a new partner in its general insurance actuarial team.
Police arrest fraudster posing as insurance broker
A bogus broker has been charged with insurance fraud by the City of London Police.
Giles lures senior Towergate director to head up Scottish operation
Towergate’s acquisitions and projects director has left the company to become Giles’ regional managing director for Scotland and Northern Ireland.
CNA targets mid to large companies with new products
CNA Europe has launched a new transport and logistics (T&L) package product aimed at mid to large-freight forwarders and contract logistics companies.
Record number of complaints to Ombudsman as PPI continues to dominate
The Financial Ombudsman Service has received a record number of complaints for the fifth year in a row as complaints about the selling of payment protection insurance (PPI) continue to pour in.
Colin Dallas, chairman of T L Dallas Group, passes away
The Bradford-based T L Dallas Group has announced that chairman, Colin Dallas, has sadly passed away.
Insurers have still not embedded risk management in their own boards
The boards of insurance companies have still not implemented a fully effective risk culture in their organisations despite significant investment since the financial crisis of 2008.
Cooper Gay looks within for latest senior appointment
Cooper Gay has appointed a new head of risk management.
Aviva manages to bring COR down to 97%
Aviva UK has had a good start to the year amid the uncertainty at senior management levels producing a combined operating ratio (COR) of 97% (Q1 2011: 100%) on a reduced level of premium.
Biba 2012: FCA uncertainty could damage broking sector
Uncertainty around what the incoming Financial Conduct Authority (FCA) wants from the broking industry is causing the greatest concern in the market and greater clarity must be given before damage is done.
MGA enters international liability market
Manchester Underwriting Management (MUM) is to enter the international market writing professional indemnity, directors’ and officers’, management liability, crime and product recall for London Market brokers.
Biba 2012: QBE adds to SME product suite on Fastflow
QBE has launched a professional indemnity combined product to its e-trading platform, Fastflow.
Biba 2012: Biba calls in Deloitte to conduct strategic review
The British Insurance Brokers' Association (Biba) has appointed Deloitte to undertake a strategic review of the organisation as it looks to position itself for the next five years.
Chartis launches new cyber risk product
Chartis UK has launched a new cyber risk product covering areas such as data liability, network interruption and cyber extortion.
Another broker enters administration
Castle Personal Insurance Brokers has entered administration as an expensive acquisition strategy went wrong.
CCV in new wholesale offering
CCV is consolidating its brokers’ wholesale offerings into one with the launch of CCV Links.