News
Benign weather and rate rises result in record reported profits for insurers
Insurers have reaped the rewards of benign weather and rate rises in catastrophe hit regions, but analysts warn the worst could be yet to come.
AIG to divest shares in AIA in September
American International Group will sell its shares in Asian insurer AIA Group after a lock-up period expires in early September, Reuters has reported.
BIBA 2012: QBE boss Greaves talks up broker renewals following Brit deal
Broker support of the QBE takeover of Brit has been described as "extremely positive" by the insurer's head of SME, David Greaves, who has recorded contract retention rates of around 95%.
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.
Will Aviva's composite model help deliver increased shareholder value?
Aviva's high-profile boardroom bloodbath, which saw much-derided chief executive Andrew Moss ousted by angry shareholders, has laid bare the composite insurer's trading model.
Lack of UK loss adjusting regulation prompts policyholder to take action
A disgruntled policyholder, who is suing the Davies Group after being forced out of his Grade II-listed home, has vowed to help bring about the regulation of loss adjusters.
EU considering impact on trade of Iranian oil insurance ban
Britain and France are studying a proposed European Union ban on insuring tankers carrying Iranian oil to see how severe an impact it would have on trade with non-EU countries, Reuters reported.
BIBA 2012: Lloyd's vows to build up SME business
Lloyd's has revealed potential plans to hold regional broking events outside London next year in a bid to build on the 5% growth achieved in its small and medium size book of business last year.
BIBA 2012: Young broker and Francis Perkins award winners named
The British Insurance Brokers' Association has named Caroline Webster of Higos Insurance Services as national Young Broker of the Year, and Dennis Veingard of Premiercare Insurance Brokers (UK) Ltd as winner of the Francis Perkins Award.
Merlin to make up to 70 staff redundant as part of business review
Loss adjusting and claims management company Merlin has started a redundancy consultation with 70 staff as part of a wide-ranging review.
BIBA 2012: RSA considers opening two new offices in regional push
RSA bosses are planning to respond to broker survey feedback calling for a strong regional offering by looking into launching strategic operations in Reading and Newcastle.
BIBA 2012: Bridge Insurance Brokers in Chubb tie up
Bridge Insurance Brokers and Chubb Insurance have teamed up to offer a product which the pair claims delivers high spec cover for precision engineers, metal fabricators and metal processors.
BIBA 2012: Trade body appoints lawyers to find solution to 'unfair' FSCS structure
British Insurance Brokers' Association CEO Eric Galbraith has used his opening address at the 2012 Biba Conference to warn of the potential European pressure for mandatory disclosure and even greater cost of regulation.
BIBA 2012: QBE launches e-trading PI product
QBE has added a professional indemnity combined product to its Fast Flow e-trading platform.
BIBA 2012: Galbraith says regulation remains its 'key priority'
Three quarters of brokers claim regulation is the main issue facing their business.
BIBA 2012: Biba appoints Deloitte for strategic review following IIB merger
Deloitte, the business advisory firm, has been appointed to conduct a strategic review of the British Insurance Brokers' Association.
MUM launches international arm
Managing general agent Manchester Underwriting Management is to enter the international market.
Guernsey Finance deputy CEO to take on head role
Fiona Le Poidevin has been promoted to chief executive with effect from 30 June.
Loss adjuster Argent opens new Birmingham office
Argent Liability Adjusters has today announced the launch of a new Birmingham office.
BIBA 2012: Jelf outlines plans to break into the London HNW market with Parker hire
In a move aimed at boosting its mid and high net worth proposition, Jelf Insurance Brokers has appointed Tony Parker as business development director for private clients.
Microinsurance not an adjunct to microfinance, says Indian regulator
Microfinance institutions have come under fire from the head of India's insurance regulator for high service charges on the sale of microinsurance products.
BIBA 2012: Research reveals broker confidence despite double dip fears
Over 60% of brokers are confident about their overall business growth prospects for the next 12 months, despite the double dip recession.
Chinese insurers can invest in unsecured bonds
China has issued rules permitting insurers to invest in higher risk debt as authorities seeks to expand the country's bond market.
Post Magazine's Olympics countdown
To celebrate the greatest show on Earth, and Britain's proudest moment for decades, Post Magazine is counting down to the 30th Olympic games in style.