Broker
FSA tightens grip on package deals offered by banks
The Financial Services Authority has published new rules today requiring banks and building societies to check whether customers are eligible to claim on insurance cover before selling them a packaged bank account.
Aon profits fall 4% at the half year to $503m
Aon has reported that total revenue for the six months ended 30 June 2012 grew 2% to $5.66bn (H1 2011: $5.57).
Harrison takes EMEA role at Towers Watson
Global professional services company Towers Watson has appointed Keith Harrison to head up its reinsurance brokerage business in the Europe, Middle East and Africa region, following the appointment of his predecessor, Ross Howard, as global leader of its…
Brit CEO vows to target growth while committing to Simply Business
Mark Cloutier has promised to go on the attack by targeting growth in key areas following a business restructure towards global specialty underwriting, which he describes as "99% complete".
EIP extends affinity deal with Royal British Legion subsidiary
Equity Insurance Partnerships has agreed to extend its 10 year-old affinity partnership with Poppy Insure, the trading subsidiary of The Royal British Legion.
RBS denies speculation of affinity split with DLG
The Royal Bank of Scotland has denied suggestions that UK Insurance will be stripped of its position as personal insurance provider for banking customers following the upcoming separation.
Be Wiser targets college leavers following fourth office opening
Independent broker Be Wiser has marked continued growth in the business by opening the firm's fourth office in Andover.
Brit unveils positive 11.5 point COR swing as business takes new direction
The Brit Group has this morning recorded a combined operating ratio of 93.3% for the first six months of 2012 (30 June 2011: 104.8%), having completed a restructure into becoming a focused global specialty underwriter.
JLT profit grows 11% as UK economy woes stall Thistle growth
Revenue at Jardine Lloyd Thompson Group grew 7% in the first six months of 2012 to £441.7m, including a 6.3% increase in revenue generated from organic growth, compared with the same period in 2011.
Cooter departs QBE after helping with Brit integration
QBE has confirmed the departure of Simon Cooter, former Brit director of market management and regional operations, having assisted in the business integration following the April takeover.
BGL snaps up Dutch aggregator
BGL Group has acquired Dutch aggregator Verzekeringssite, further boosting its European footprint.
BGL Group buys Dutch aggregator site
UK personal lines broker BGL Group has acquired a Dutch insurance price comparison company, following the acquisition of French aggregator Courtanet in November 2010.
Insurance regulatory regime takes hold in Hong Kong
As Europe moves towards increased regulation, Ann Leung explores how the trend for increasing corporate governance in Hong Kong is affecting regulation of the insurance industry.
Q2 ILS issuance exceeded $2bn, Aon Benfield study shows
Catastrophe bond issuance for the second quarter of 2012 reached $2.1bn as investors continued to deploy capital into the sector, a report by Aon Benfield Securities revealed.
SMEs fear 'detrimental impact' of Eurozone crisis
More than one in 10 British SMEs have considered closing down in the past three months as a possible result of the economic situation, according to a new SME Risk Index from global insurer Zurich.
Indie FSCS bill hits £404m in advance of scheme of arrangement
The Financial Services Authority has revealed that, since Independent Insurance went into liquidation in 2001, £500m of assets have been realised for the benefit of creditors.
Endsleigh teams up with Open GI
Endsleigh Business Insurance Services has begun using technology firm Open GI's new software platform which produces policy quotes in minutes.
Market moves: Hiscox reshuffles management team in busy week for insurers
Axa, Mitsui Sumitomo and Zurich were the busiest recruiters last week, but Hiscox has been the most active in the past seven days after reshuffling its management team.
Towergate on course to double 2011 acquisitions total, says M&A boss Saulter
The acquisition of two more insurance brokers has seen Towergate match the total number of deals it closed in 2011 in the first seven months of this year.
Climate Change: Turbulent times
With climate change a growing global concern, how is the insurance industry playing its part in saving the planet?
Your say: An ethical duty to tackle fraud
It was curious that two Post articles last week included comments about the potential downside of tackling application fraud.
View from the top: Much to do about flooding
The need for a new flood strategy is now urgent as the 'temporary' 12 year-long solution is no longer feasible, says Tom Woolgrove.
View from the top: Leading from the front
London has the potential to greatly influence developing insurance markets, says Will Bloomer.
Telematics Expo: Telematics set for mainstream, claims SSP boss
Telematics has a "mainstream" future despite its niche beginnings, according to SSP's managing director of insurance.