Broker
Only Young Drivers reveals 'aggressive' growth strategy
Only Young Drivers has today announced that it will be outsourcing its day-to-day administration to Direct Group in a move which is said to support the firm’s “aggressive growth plans”.
Axa PPP to underwrite PHC medical insurance products
Bosses at the Permanent Health Company and Axa PPP healthcare have today announced an underwriting agreement involving all PHC medical and dental insurance products.
Aon Benfield unveils updated UK terrorism catastrophe model
Aon Benfield has updated its UK terrorism catastrophe model to simulate attacks on more than 2000 potential targets, including places of worship, financial centres, infrastructure, government and military locations.
Post Blog: An insurance business born out of the Prince's Trust
Recently the Prince's Trust Insurance Leadership Group celebrated breaking the £5m fund-raising barrier with a reception at the Chartered Insurance Institute.
Groupama boosts claims focus with internal appointment
Groupama has today announced the promotion of Darren Wills to the position of corporate claims director, as part of a renewed claims strategy focus.
AmWINS agrees THB deal
AmWINS Group is to take over the THB Group with an accepted bid of 80.55 pence per share making it worth about £29m.
TIP buys Rhodes Wood Risk Services
Yorkshire broker The Insurance Partnership has expanded its presence in the West Midlands with the acquisition of Wolverhampton-based Rhodes Wood Risk Services.
Professional indemnity poll result
Are brokers in Italy prepared for an upsurge in business?
Lockton goes live with e-accounts
London market broker Lockton has commenced trading with e-accounts, an initiative which enhances the electronic submission of accounting entries by brokers to support global business.
Job-related stress claims are an underestimated issue in Italy
In the last ten years, only one out of 12 job-related stress claims have been validated by INAIL, Italy's national body for health insurance for workers.
Higos grows further with RM Gillingham
Higos Insurance Services has bought Bridport high street firm RM Gillingham & Son as part of it south-western region expansion with its third acquisition this year.
Aviation loss levels hit six-year low
The aerospace division of Willis Group Holdings has reported loss levels in the aviation sector are at a six-year low, and insurance premiums are trending on a downward slope.
Penny Black’s insurance week
Penny was impressed to learn Zurich’s commercial broking team is gearing up for a 1000-mile charity bike ride from Land’s End to John O’Groats.
Gallagher Heath plays down redundancy fears
Industry rumours of widescale redundancies at Gallagher Heath have been played down by the firm, amid suggestions group CEO David Ross has also “cancelled Christmas”.
Customers revolt over hefty fines as eCar takes zero tolerance approach
Brightside has rebutted policyholder complaints about the practices of its online broker eCar. It follows claims by customers that they have reported the broker to the Financial Services Authority and the Financial Ombudsman Service.
Oxygen to sell off remaining assets
Market commentators believe large employee expenses and lack of profits are behind the demise of seven-year old Oxygen Holdings.
Groupama to expand share of non-standard motor
Groupama is expanding its book of business in non-standard personal lines motor after admitting competition in the “Mondeo man” market was stiff.
Zurich targets top spot for high net worth
Zurich has unveiled its ambition to become the number one player in the high net worth market in the next three years and hopes broker support will mean it can take on Hiscox and Chubb.
Meehan poised to sign Towergate as Bluefin backs cyber crime product
Former Axa director Paul Meehan has secured the backing of broker group Bluefin to push his just-launched Cyber Protect products and expects to sign up Towergate within the next few weeks to gain access to a total of 3500 brokers.
Editor's comment: Oxygen offers lessons for all
The ‘breath of fresh air’ puns were never too far away when the London market broker Oxygen was launched in 2004 with bullish enthusiasm.
Market moves: All change at Mondial and Marsh
This week insurers were, once again, the main recruiters with the majority of high profile appointments.
News analysis: An Olympian effort to prevent an impact on the business
If the trains and tubes are overcrowded and the roads gridlocked, will London’s brokers and insurers cope during the Olympics?