Broker
Ferma urges Europe to provide legal basis for commission disclosure for all in IMD2
The Federation of European Risk Management Associations is calling on the European Parliament to ensure that all insurance buyers are entitled to a minimum European standard of disclosure in the revised Insurance Mediation Directive II
FSCS broker levy 'war not over'
The British Insurance Brokers' Association has vowed to continue fighting the Financial Services Compensation Scheme's plans to impose an interim levy on insurance brokers.
Towergate shuts Birmingham broking branch
Towergate is to close its Birmingham office, with managing director Brian Kerry made redundant.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Bluefin broker of choice for arts consultancy
Independent broker Bluefin has signed a deal to become the broker of choice of UK arts sector consultancy Arts Quarter.
SRA publishes authorisation guidance in push for ABS streamlining
The Solicitors Regulation Authority is aiming to streamline the process for both alternative business structures and recognised bodies, having published new guidance about applying for authorisation.
Crash for cash family who sent local premiums soaring receive jail time
Seven members of a family who ran a multi-million- pound cash for crash scam that sent the motor premiums of residents who lived in the same village soaring have appeared at court.
Ease of doing business in Asia remains strong, says Aon
Aon has partnered with research firm Roubini Global Economics to capture political risk exposures and is bullish about the risks of doing business in Asia.
North West law firms considering closure in light of reforms
The impact of government reform geared towards driving down the cost of insurance premiums has resulted in a growing number of specialist personal injury law firms in the North West considering closing their businesses.
Xchanging names Brit’s head of group services as Netsett boss
Technology provider Xchanging has recruited a new leader for its global net settlement platform Netsett in the form of Brit’s head of group services.
Lark posts strong 2012 results following Groupama MBO
The Lark Group increased turnover by 10.2%, reaching £23.7m in its first set of financial results following the completion of the management buy-out from Groupama.
Fraudulent claims prove tempting for motorists, says Go Compare
More than 6% of motorists surveyed by Go Compare said they would consider making a fraudulent insurance claim if the opportunity presented itself.
Indian regulator reviews broker regulations
The Insurance Regulatory and Development Authority, India's insurance regulator, has formed a committee to review insurance broker regulations.
AA Insurance boss puzzled by timing of Transport Committee inquiry
AA Insurance director Simon Douglas has raised questions over the timing of a Transport Select Committee inquiry calling for evidence on reducing the number and costs of whiplash claims.
Aviva: We are not anti-network
Aviva is confident it will not lose out on any relationships with individual brokers after it breaks ties with Willis Networks, according to the insurer's director of broker distribution, Phil Bayles.
Brokers herald White appointment as making 'perfect sense'
Broking bosses have thrown their support behind newly appointed British Insurance Brokers’ Association chief executive Steve White, with many describing the selection as making “perfect sense”.
White replaces Galbraith as Biba CEO
Outgoing Biba chief executive Eric Galbraith is to be replaced by the industry body’s head of compliance and training Steve White.
50% growth in M&A transactional insurance in Asia, says Marsh
Global demand for transactional risk insurance grew by 41% last year as firms turned to insurance to protect large deals and cross-border acquisitions and sales, according to Marsh
Transport Select Committee seeks further whiplash feedback
The Transport Select Committee has responded to debate triggered by the Ministry of Justice’s whiplash consultation paper by calling for evidence on reducing the number and cost of whiplash claims.
Willis Networks and Aviva confirm panel split
Willis and Aviva have mutually agreed that Aviva’s participation as an insurer panel member for Willis Networks will not be renewed upon expiry of the current agreement on 31 December.
Your say: Brokers and insurers must work together
I was interested to read the lead story last week on Insurance Insight with a spotlight on Italy and its progress with e-commerce.
Overseas buyers behind surge in transactional risk insurance
Demand for transactional risk insurance grew by 41% globally in 2012 as firms increasingly turned to the insurance market to protect large deals and cross-border acquisitions or sales.
Axa warns consumers of pitfalls of underinsurance
Axa is urging brokers to warn customers of the possible consequences of cutting back on insurance as they look for ways to reduce their spending.
BGL criticises Biba over ‘prehistoric’ views
The BGL Group has slammed views expressed by Eric Galbraith, chief executive of the British Insurance Brokers’ Associations, on the transactional nature of insurance, describing these views as ‘prehistoric’.