News
Alec Finch sold
Manchester-based broker Alec Finch has today been sold to French broker Verlingue, which claims to be the tenth largest broker in France. Alec Finch has offices in Halifax, London and Manchester and the move is the first venture outside France for…
European insurance body appoints new director general
Michaela Koller has been appointed as director general of CEA, the European insurance and reinsurance industry federation.
Lloyd's insurer completes disposal
Brit Insurance has agreed final terms for the sale of its stake in Epic Investment Partners Limited to Syndicate Asset Management. SAM will also acquire the other shares in EIP from the other shareholders simultaneously. Completion is expected on 19…
Regional broking powerhouses to merge after Axa swoop
Axa UK has reached agreement with insurance brokers Stuart Alexander and Layton Blackham to acquire both businesses. Axa UK will be acquiring both firms through its subsidiary Venture Preference which already owned 38.9% of Layton Blackham.
RFIB recruits Aon consultant to aid Middle East expansion
RFIB Group, the international Lloyd’s insurance and reinsurance broker, has recruited Bob Naudi to help grow its Middle East presence
Market reform group outlines goals for 2007
The Market Reform Group has produced its plan for continuing to reform London market processes throughout 2007 and beyond.
Alliance & Leicester enters car insurance market
Alliance & Leicester enters the car insurance market today with a pledge that it will beat any renewal quote by £10.
IGI joins online commercial insurance portal
Specialist UK general insurer, IGI Group has joined the panel of new online commercial insurance portal, Broker2Broker, to provide a suite of retail products.
State farm jury awards $2.5m in damages following judicial intervention
A US jury has awarded $2.5 million in punitive damages to a couple who sued State Farm Fire & Casualty for denying their claim after Hurricane Katrina, according to reports.
Marsh establishes $1bn sidecar
Marsh has broken its post-Spitzer duck by once again making a substantial investment in the underwriting market.
Ace brands to remain distinct despite merger
Ace European Group has combined its Global Markets and European divisions to be known as Ace UK.
Channel Islands insurer expands to Malta
The Heritage Group is continuing to expand its business with the announcement that they are opening an office in Malta specialising in insurance services.
Catlin claims Wellington January business retention exceeded expectations
Catlin has declared itself pleased with the January renewals following its merger with Lloyd's rival Wellington.
NU signs three year deal with Homeserve
Norwich Union and Homeserve have announced a 3-year extension to their existing glazing supply chain agreement. The contract for the provision of all door, window, locks, conservatory and garage door emergency repair and replacement services will now run…
Lloyd's insurer announces refinancing
Catlin Insurance today announced a refinancing and has priced an issue of US$600m noncumulative perpetual preferred shares at a dividend rate of 7.249 per cent.
BIBA Support for FSA’s work in PPI Sector
The British Insurance Brokers’ Association (BIBA) has today lent its support to the Financial Services Authority’s announcement that its plans to strengthen sales practices in the Payment Protection Insurance (PPI) market have entered a new phase.
Higos beats competition to buy Homesure Direct
Somerset based Higos Insurance Services has bought Bristol based Homesure Direct beating strong competition from rival acquisitors.
Davies Liability opens office in Northern Ireland
Investigation and claims handling specialist Davies Liability has entered the Northern Ireland market with the opening of a Belfast office.
Towergate launches underwriting platform with Kewill
Towergate has launched a new underwriting platform with Kewill after the parties agreed a three year deal.
KPMG to face tribunal over Independent's collapse
KPMG is set to face a Joint Disciplinary Tribunal over the £1bn collapse of Independent Insurance company in 2001.
Broker Network sees turnover up 79% despite "difficult market conditions"
Broker Network Holdings today announced turnover increased by 79% to £10.48m (2005: £5.85m) for the six months to 31 October 2006.
FSA determined to see better practice in PPI sales
The Financial Services Authority (FSA) today announced details of a new phase of its work designed to improve sales standards in the Payment Protection Insurance (PPI) market. This is one of the largest programmes of thematic work the FSA has undertaken.
FSA launches next phase of PPI clean up
The Financial Services Authority has announced details of a new phase of its work designed to improve sales standards in the Payment Protection Insurance market. This is one of the largest programmes of thematic work the FSA has undertaken.
Acturis extends commercial package lead with Allianz
Acturis is now live via iMarket with Allianz for its autorated offices and surgeries package product.