Insurer
Lucas Fettes partners with financial adviser firm to offer GI services
Foster Denovo seeking to enhance offering with relaunch.
Arc Legal launches specialist LEI cover for pharmacists
Product has been developed in conjunction with National Pharmacy Association.
Arag sees GWP and profits rise in 2013
Legal expenses specialist grew policy numbers across personal and commercial lines.
Keating promises no “Dear John” letters from UK General
Provider to reduce commercial agencies from 1,500.
Smaller brokers should prepare for impact of FCA conflicts review
Compliance expert warns that whole market will be affected by review findings.
Broker conflicts are not properly managed, says FCA
Regulator looked into seven of the largest firms serving small business customers.
UK General to cut back on commercial broker agencies
Insurer states having 1,500 broker relationships “isn’t possible” in new strategy.
Motoring on
The biggest news this week for brokers was the news that RSA is reducing its personal lines motor book by 35%.
Mark Carney's insurance warning opens debate
BoE governor warned that insurance executives will be held to account over any issues.
Lloyd’s splits finance and operations role as Savage departs
Lloyd's recruits from Catlin to fill operations position.
Saga valuation comes in at £2.1bn
Insurer sets share price at £1.85.
Allianz cutting almost 100 jobs as it closes two branches
Provider to shut up shop in Milton Keynes and Bristol.
Brokerbility survey reveals improved insurer performance
Axa tops network’s poll of members.
FCA publishes claims thematic review in full
Regulator revealed initial findings in April of review into household and travel insurance claims handling.
Allianz promotes Ball to head of engineering inspection
Ball steps up from underwriting and operations manager role.
Amlin UK reports fall in GWP
Group sees income rise overall.
Broker Direct commits to price match RSA personal motor business for members
Company vows to maintain deal for at least 12 months.
RSA reveals 800 brokers affected by motor cuts
Provider commits to a "sensibly managed handover period".
RSA reduces personal motor broker business by 35% and cuts 40 roles
Provider will downsize Belfast and Manchester operations.
Commercial Express launches hobby and club policy
Product covers social activity groups but excludes most sports clubs.
Allianz appoints Gill to lead in Newcastle
Provider expects to complete its team rebuild by the end of June.
Broker Network targets revealed
Towergate-owned network aiming to add 20 new members and lose "fewer than 12" in Q1.
FOS opened 400,000 PPI cases in past year
Cases around insurance, excluding PPI, fell 6%.
Schmidt swaps Aviva for Argo
Axel Schmidt appointed group chief underwriting officer.