Personal
NIG pulls personal lines
Royal Bank of Scotland insurer NIG has outlined plans to close its personal lines division and focus solely on commercial business
News round-up: July/August 2010
A brief round up of news from the secto.
Service is key factor in picking home insurance provider
More than 12 million people are set to switch utilities or insurance provider in search of 'better service', according to research.
FSCS has paid out over £200m in compensation
The Financial Services Compensation Scheme’s (FSCS) annual report and accounts for 2009/10 has revealed that more than £204m has been paid out in compensation to over 21,000 claimants.
Three arrested in cash for crash operation
Durham Constabulary’s Serious and Organised Crime Group has arrested three men as part of an ongoing major investigation into organised criminals believed to be involved in ‘crash for cash’ activities.
Bridle Insurance continues on acquisition trail
Bridle Insurance has acquired Leicestershire-based niche personal lines specialist Abbot Insurance for a six figure sum.
Oak Underwriting and Westinsure strike deal
High net worth (HNW) specialist Oak Underwriting has agreed a deal with Westinsure Group to provide HNW expertise to its network of independent insurance brokers across the UK.
News analysis: Fortis snaps up Kwik Fit
Fortis has expanded with the £215m cash purchase of Glasgow-based Kwik Fit - including Express and Green Insurance - from Kwik Fit Financial Services.
Fraud pushes up motor premiums
Fraud is helping to push car insurance premiums up at their fastest-ever rate, according to the latest AA British Insurance Premium Index.
Senior hire marks Torus' entrance into PI market
Torus Executive Risks has entered the professional lines market with the appointment of David Robinson as professional indemnity manager.
Fortis invests in household risk offering
Fortis has invested in a new suite of computer models from technology provider Business Insight that are designed to predict the relative risk of claims for a number of insured perils across the UK.
Go Compare increases annual turnover by 53%
Go Compare has made a £12m profit during the 2009 financial year following the £4m loss recorded for 2008.
The PB interview - Bill Cooper: Bright light in the gloom
Andrew Tjaardstra meets Bill Cooper, managing director for insurance in the financial institutions division at Lloyds TSB Corporate Markets. Despite being cautious about prospects for brokers as the UK's economic malaise continues, the firm is very much…
Focus - technology: Taming the tide of systems improvement
The technology ocean requires time, flexibility and planning to navigate safely and, as the aggregator model shows, there is great danger in being left behind a business ship bound for new, exciting and profitable lands, writes Ed Murray.
The British Insurance Awards 2010 - winners round up
1800 people saw Allianz become general insurer of the year at the annual British Insurance Awards.
BeatThatQuote and MSN launch comparison site
Comparison website BeatThatQuote has secured a new partnership deal with MSN to set up financial price comparison site MSN Compare.
Reportage: Sole searching
The recession has led to an increase in sole traders and with such an array to cater for, insurers are struggling to meet their needs. Louise Meeson explores how brokers can identify and service these micro businesses
Reportage - SME aggregators: See you later, aggregator?
As issues of trading SME business through the aggregator channel are brought to light, Edward Murray asks whether it is too complex a sector to ever be successfully sold in bulk.
Regional power hour - Bristol: When it rains, it pours
This month's power hour, sponsored by Ecclesiastical and held in Bristol, looks at the growing impact of climate change on the industry - particularly that of flooding. Martin Friel reports.
Your letters: Misfuelling misinformation
I have to take issue with Peter Powell, managing director of Complectus on the subject of misfuelling.
E-commerce: Non-intermediaries set to muscle in on micro market
Brokers that fail to embrace technology-savvy trading risk losing their majority share of the micro commercial market.
Schemes news: Multinational cover from Ace
Ace UK has introduced a multinational cover in order to address the compliance challenges faced by companies operating in multiple regulatory regimes.
Scheme news: Recent product launches home in on over-50s sector
Recent product enhancements and launches indicate industry appetite in the over-50s sector is increasing.
L&G creditor product launch to bolster its top five ambitions
Legal & General (L&G) has stated its ambition to become a top five personal lines player as it unveiled plans for a new creditor product for brokers.