Insurer
LV reaps benefits of below average motor rate increases
LV has increased motor rates by 25% but its general insurance managing director John O'Roarke said that it has still been possible to write profitable business.
Axa launches online portal for personal lines brokers
Axa Insurance has launched an online portal for independent personal lines brokers called PartnerSpace, which provides a forum designed to allow intermediaries to discuss business issues and ideas with the insurer and their peers using social media…
Ecclesiastical hires former RSA broker director in newly-created role
Ecclesiastical has appointed Kevin Jones, who was formerly commercial director in the UK broker division at RSA, in the newly-created role of director of strategic development.
LV sees broker business soar by over 50%
LV’s results for the six months ending 30 June 2010 have revealed a 56% increase to £300.6m (H1 2009: £193.1m) in broker business.
CII launches online ethics course
The Chartered Insurance Institute (CII) has launched an online learning course in ethics for all Personal Finance Society (PFS) and CII members in response to a dip in public confidence in insurance.
Brokers fighting harder to get claims paid, says Biba
Brokers have to fight harder to get claims paid during the economic downturn due to stricter policy interpretations and anti fraud-systems by insurers, according to the British Insurance Brokers' Association (Biba).
Allianz hires new household claims chief from AIG
Allianz has appointed Gary Coton as household claims operations manager.
Ink joins with St Giles to launch solicitors PI offering
Ink Underwriting Agencies and St Giles Legal and Professional Risks have joined forces to create a new professional indemnity (PI) insurance facility for solicitor firms with between one and 25 partners.
HDI-Gerling opens new branch in Dublin
HDI-Gerling has announced the creation of a new branch in Ireland.
Abbey increases profits in first half
Abbey Protection has announced an 11% increase in pre-tax profits to £4.7m for the first six months of 2010.
Legal - Retirement regulations: Retirement age heading for the horizon
Changes to the age of compulsory retirement will have an impact on brokers and their clients. Alex Lock looks at potential financial implications and risks to consider.
Insurance Age blog: Broking - the stuff childhood dreams are made of?
As the new school year starts and the latest round of tearful parents wave their children off at the gates, their hearts full of hope that their little darling will eventually emerge from the education system as a brain surgeon or barrister, it seems as…
Axa appoints finance head
Waseem Malik has been appointed to the role of finance director at Axa Insurance.
QBE denies CEO replacement speculation
QBE chairman, Belinda Hutchinson, branded rumours that QBE is searching for an external replacement for CEO Frank O'Halloran as "completely false".
Ex Axa CEO joins Chaucer as non-exec director
Chaucer Holdings has announced the appointment of Mark Wood as a non-executive director from 1 September 2010.
Ecclesiastical reports interim losses
Ecclesiastical has announced a loss of £9.9m in the first half of 2010. The figure is in stark contrast to the same period in 2009 when the insurer made a profit of £25.7m.
Brit Insurance boosts Glasgow operations
Brit Insurance has appointed Denise Fletcher and Karl Weidner to its Glasgow office. They join the property combined team, headed by Suzanne Sadahew, as underwriter and assistant underwriter respectively.
RBSI announces office closure plans and job cuts
Royal Bank of Scotland Insurance is to close 14 of its offices and plans to cut staff numbers at 12 other sites.
Fall in profits and revenue at Confused.com
Price comparison website Confused has announced a 10% fall in revenue and 20% decline in profit during the first six months of the year.
Fortis reports return to profit in Q2 but trails behind last year's H1 result
The insurer reported profit before tax of £8.4m for Q2 2010, an improvement on the £3.2m loss made in Q1, but behind last year's H1 profit of £26m.
Admiral's H1 2010 profit grows to £126.9m
Admiral's group profit before tax has soared to £126.9m for H1 2010, a 21% increase on the same period last year (H1 2009: £105.3m).
FSA slaps Zurich UK with record fine for data loss
The Financial Services Authority (FSA) has hit Zurich UK with a record fine of £2.275m for failing to have adequate systems and controls in place to prevent the loss of customers’ confidential information.
Capita buys insurance scheme provider National Dental Plan
The Capita Group has acquired the National Dental Plan (NDP) group of companies for a cash consideration of £30m on a cash-free, debt-free basis.
QBE raids Chubb for accident and health underwriter
QBE has announced the appointment of Gemma Seymour as accident and health underwriter in its non-Lloyd’s A&H team.