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Combined profit of 'going concern' Provident and sister MMA reaches £4.5m

MMA and Provident's final sets of individual annual results published before their anticipated merger reveals a combined pre-tax profit of £4.53m for the year ending 31 December 2011.

Insurer | 23 May 2012 secure

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garry fearn mma

Motor book drives MMA leap in profits

MMA has reported a significant growth in profit after tax to £6.36m (2010: £1.14m) in its final set of annual results before it merges with Provident under the new Covea Insurance brand in September

Insurer | 23 May 2012 secure

recruitment

Market moves: Brokers a hive of recruitment activity

Insurance broker Jelf was among the most active recruiters this week, launching a four-strong affinities and schemes team and adding two new staff to its recently opened office in London.

Insurer | 22 May 2012 secure

Amy Ellis reports from BIBA 2012 in Manchester

BIBA 2012 Video: Is mandatory commission disclosure inevitable?

Today at Biba we asked attendees about their reaction to the recession and whether it has affected clients.

Broker | 16 May 2012 | screening image

Software technology

Former Powerplace CEO Ball back with new online SME start-up

The former boss of Towergate's online offering Powerplace is back with a new online SME venture which using ex-Coverzones software allows brokers to white label their websites for "quote and buy" policies from a host of insurers.

Broker | 16 May 2012 secure

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The insurance business resource library

Insurance Hound

A free and easy-to-use digital library of briefings, white papers and reports updated on an hourly basis

Accident Exchange CEO Steve Evans

Friend or Foe: Q&A with Accident Exchange CEO Steve Evans

Steve Evans has spent four years bringing the activities of rate surveyor Autofocus to light, making him an unpopular figure in insurance circles.

Insurer | 15 May 2012 secure

Business handshake

MMA appoints ex-Ecclesiastical man Casserley as schemes manager

MMA Insurance has named former Ecclesiastical development team member Liam Casserley as schemes account manager as part of a bid to build on 50% growth achieved by the firm last year.

Insurer | 14 May 2012 secure

handshake

NFU and Ageas pay Accident Exchange undisclosed settlements

NFU Mutual and Ageas have reached settlement agreements with credit hirer Accident Exchange over their use of Autofocus evidence.

Insurer | 09 May 2012 secure

garry fearn mma

MMA profits from motor turnaround

MMA Insurance has issued its 2011 annual results, the final numbers that will be issued before the business is merged with Provident Insurance to form Covéa Insurance in the final quarter of 2012.

Insurer | 04 May 2012 secure

pound-sterling-money-coins-notes

Aviva pays Accident Exchange "seven figure" settlement

Aviva has paid credit hirer Accident Exchange a "seven figure" out-of-court settlement after using "dishonest" Autofocus evidence to reduce its hire charges.

Insurer | 18 Apr 2012 secure

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Insurance Insight

Your one-stop-shop for all the news in the European, Asian and Middle Eastern insurance markets

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recruitment

Market moves: Insurers lead Easter recruitment charge

As the industry heads into the Easter break, insurers are, once again, leading the way in the recruitment space.

Insurer | 03 Apr 2012 secure

garry fearn mma

MMA merger leads to new role for chief exec Fearn

Current MMA chief executive Garry Fearn will take on the role of executive deputy chairman of Covea Insurance from September this year.

Insurer | 29 Mar 2012 secure

peter-knowles-mma

Kwik-Fit's Green Insurance adds MMA to panel

The Kwik-Fit-owned Green Insurance Company has added MMA Insurance to its insurer panel.

Broker | 27 Mar 2012 secure

recruitment

Market moves: Aviva shuffles its underwriting pack

Aviva was the major recruiter in the insurance industry this week, announcing a raft of changes to its underwriting team. The insurer promoted four staff to new positions while adding a further employee to the unit.

Insurer | 27 Mar 2012 secure

Claire Ephgrave

MMA hires Thomson for north east

MMA Insurance has appointed Alexandra Thomson as business development manager for the north east, responsible for the development of broker relationships.

Insurer | 26 Mar 2012 secure

Comment

Lynn Rouse

Editor's comment: Fleeing the family nest

This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while...

Interview

JLT chief executive Dominic Burke

Interview: JLT's Dominic Burke - a thoroughbred performer

Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches...

View from the top

David Reed

View from the top: Airline insurance - the risk remains

Despite 2012 losses being only 12% of the annual average to date, a single incident could flip the market, says David...

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Pitney Bowes 2012 Insurance Industry Report

2012 insurance industry report: The inside track to achieving a more sustainable business

To achieve a sustainable profit, personal lines insurers need to transform their retention rates, using modern communications techniques to engage with customers and understand their individual needs. This white paper is based on a specially commissioned study involving 42 senior managers at UK and Irish insurers.

Work equipment risks in the UK

Work equipment risks in the UK

The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.

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