Insurer
Power hour: In the grand scheme of things
The industry may not always agree on what constitutes a scheme, but they could hold the secret of future success for brokers, reports Liz McMahon
Brokers react to Quinn return
Rumours of Sean Quinn making a return with an offshore insurance vehicle have caused a furore throughout the UK insurance market, with some brokers demanding preventative regulatory action.
Do insurers have referral fee trick up their sleeves?
Brokers fear impact of insurers changing Tobas to tackle referral fees
Bean Counters 1, Consumers 0
A bad personal claims experience leads Nigel Dyer to question how some insurers achieve their loss ratios
Demand for niche car insurance add-ons is growing, says survey
One in five (21%) of Britons looking to buy a car in the next 12 months will also purchase GAP insurance cover, according to Mapfre Assistance.
Insurance Age blog: Brokers as moths
Brokers often get a bum rap from the public. For years the public have been told that brokers are merely a middle man that adds cost to the insurance process and customers would do well to 'cut them out'.
MGAA to launch in September
The Managing General Agents’ Association (MGAA) has confirmed that it is to officially launch on 1 September.
JLT thrives as Thistle struggles to produce profit
Jardine Lloyd Thompson Group (JLT) has announced a 9% growth in both revenue and profit before tax for the six months to 30 June 2011.
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.
Chris Hanks' replacement as CII president elected
Julian James has been elected 115th president of the Chartered Insurance Institute (CII).
Premium increases cooling off, says AA
According to the latest British Insurance Premium Index from the AA, the rate of increase in both car and home insurance premiums has levelled off.
MSL launches new vehicle service for brokers
MSL Group has extended its offering to the broker market with the introduction of a new vehicle supply and management service.
Profits plunge at Aspen
Aspen Insurance has revealed a net loss after tax of $141.5m (£86.5m) for the six months to 30 June 2011 in contrast to a profit of $127.2m in the same period of 2010.
ABI figures reveal 9% rise in fraud
The level of insurance fraud detected has more than doubled over the past five years, according to figures released by the Association of British Insurers (ABI).
Jersey will not implement Solvency II
Jersey’s Financial Service Commission has issued a statement clarifying that it does not intend to implement Solvency II.
NIG raids rivals to boost Midlands team
NIG has lured staff away from Keychoice Underwriting, Axa, Bluefin and UK General with four appointments at its Midlands regional office in Birmingham.
Universal Provident pulls away from Great Lakes
Universal Provident has announced that it is to bring a majority of the underwriting for its product range in–house and sister company Personal Assurance will now act as the insurer.
Profits up at Lancashire Holdings
Bermuda-based Lancashire Holdings has announced an increase in net profit after tax for the second quarter of 2011 and the six month period ended 30 June 2011.
New player enters solicitors' PI arena
First Title Insurance has joined forces with Ink Underwriting Agencies to offer professional indemnity insurance (PII) to law firms, for the first time.
Brit sees profits plunge to £6.8m
Brit Insurance has reported a dramatic fall in profits before tax to £6.8m from £77.5m in 2010 in its half year results to 30 June.
Sean Quinn's Q2 has no licence in Malta
The Malta Financial Services Authority (MFSA) has dismissed reports that Sean Quinn has a Malta-based insurance licence for his new insurance company, Q2.
NIG plans to expand property owners portfolio
NIG has announced plans for an additional property owners product aimed at smaller risks following the first year of trading for its premier property owners product.
Admiral to keep referral fees
Chief executive officer of Admiral, Henry Engelhardt has defended the insurer’s stance on referral fees stating “We're not doing anything that I would not tell my mother about.”
Farmweb seeks to grow market share with senior hire
David Harrison has been appointed area underwriting manager for Gloucester based Farmweb with immediate effect.