Insurer
Zurich UK stung by "exceptional' commercial loss
Zurich UKGI's operating profits for the first nine months of 2012 have dropped to £57m, down from £72m posted for the same period last year.
Amlin UK sees market hardening
Amlin UK has reported an average hardening of rates across its renewal book of 5.2% for the year to date.
FSA hits CPP with joint-largest retail fine of £10.5m
The Financial Services Authority (FSA) has fined Card Protection Plan (CPP) £10.5m for mis-sellling insurance products, the joint largest retail fine ever.
Ageas UK completes £116m Groupama acquisition
Ageas UK has completed the acquisition of Groupama Insurance Company for £116m.
Markel UK in PL broker e-trading launch
Specialist insurer Markel UK has launched its first UK personal lines product on its broker e-trading system.
Liberty targets broker service with underwriter move
Liberty Syndicates has appointed Mark Aspinall as class underwriter for specie and fine arts in a bid to strengthen its broker service.
XL Insurance takes lion's share of solicitors' PI market
XL Insurance underwrote the lion's share of solicitors' professional indemnity (PI) insurance for the 2012/13 period, the Solicitors Regulation Authority (SRA) has revealed.
Groupama adds to Optima range
Groupama has added an online quotation facility for group personal accident, illness and business travel cover to its Optima Online extranet.
Pressure predicted to build for household insurers
Ernst & Young has predicted a 95% combined operating ratio (COR) for household insurance across the industry for 2012 despite the impact of weather and flooding.
Torrance: A strong performance
Chief executive Andrew Torrance has hailed Allianz UK’s performance as “very strong” as it reported profits of £115m for the first nine months of the year.
Dip in profits at Allianz
Allianz has reported a fall in profits to £115m for the first nine months of 2012, down from £123.6m in the same period of 2011.
Covéa chief unveils executive line-up
The chief executive of Covéa Insurance has praised the "wealth of knowledge and experience" of the insurer's new executive team.
Liberty to open Scotland branch
Liberty Mutual Insurance has confirmed its new Scotland branch will be headed up by former Marsh employee Caroline Inglis.
Woman guilty of claiming cats and dogs
A woman from Northern Ireland has been sentenced to 240 hours community service after fraudulently claiming £13,558.50 for kennelling her dogs and cats.
The £50K resignation
If your boss were to offer you £50,000 what would you do? Well, the correct action would of course be to resign.
Insurer regulation costs hit £730m
The UK general insurance sector is now paying well over £730m a year to cover the direct costs of regulation and compliance, according to research from Reynolds Porter Chamberlain RPC).
Professionalism: The industry could become a profession almost overnight
Chartered broker Roy Blackburn has commented that the insurance “industry” could become a profession almost overnight, although he doubts this will happen.
Broker feedback directs Chubb HNW restructure
Chubb has responded to broker feedback to restructure its high net worth (HNW) underwriting and account handling teams around three types of broker.
Markel reports improved COR and GWP
Markel International has reported gross written premiums (GWP) of $705m [£442m] for the nine months ended September 30, up 4% from $677m for the same period of 2011.
Equity Red Star snaps up SEIB's motor accounts
Equity Red Star has snapped up South Essex Insurance Broker's (SEIB) motor accounts following Ecclesiastical Insurance's decision to withdraw from the UK broker motor market.
HCC opens Midlands office
HCC International has opened a new office in the Midlands in a move designed to increase its regional presence.
Aspen launches PI products
Aspen Risk Management has launched a new range of professional indemnity (PI) products with a selection of added features.
New Midlands and South West manager at Chartis
Chartis has appointed Laura Wilkinson as regional manager for the Midlands and South West, succeeding Richard Jinks, who was recently appointed UK middle market and SME distribution manager.
Broker Expo: Regional structure here to stay
Empowered regional underwriters are here to stay, according to experts on a panel discussion at the Broker Expo in Coventry.