News
Moneysupermarket reports 25% jump in insurance revenue
Moneysupermarket has reported its revenues in the insurance arm increased by 24% from £40.6m to £50.3m in the first half of 2011 comapred to 2010. Click based revenue increased by 24% from £37.5m to £46.4m.
Towergate MD claims network members will make more money with BN, than Willis
Broker Network has stepped in to offer Our Network members the opportunity to make more money, despite the Broker Direct arm agreeing a tie up with Willis earlier this week.
L&G reports 92% GI COR and £17m operating profit at the half year
Legal and General has reported that its general insurance business has made an operating profit of £17m for the half year to 30 June 2011, up from £10m in 2010.
Gable CEO targets UK commercial combined market after "strong" first half
Gable Holdings has announced that it has had a "strong" first half as it prepares for its AGM in Liechtenstein today.
Giles CEO dampens IPO speculation after £5.1m CBG move
The CEO of Giles Insurance Brokers has dampened speculation his firm will seek an IPO any time soon by claiming that being a listed broker is a "regulatory burden".
Leisure industry irresistible target for cyber pirates
The vast quantities of personal and identifiable information collected by the leisure and hospitality industry has made it a chief target of cyber attacks, according to global insurance broker Willis Group Holdings.
Amlin expects to fall short on profit expectations
Amlin bosses have admitted the company is unlikely to meet end of year profit expectations, claiming that an “unprecedented level of catastrophes” have severely impacted performance.
Comprehensive car insurance cover rises to £4000 for young men
Young male drivers are paying more than £4000 per year for comprehensive motor cover - but if they marry their partner and add them to the policy the premium shrinks by 25%.
Arista regional manager Paul Dooley resigns
Paul Dooley has confirmed his resignation from commercial underwriting agency Arista Insurance.
Former Confused chief set to head new aggregator
Former Confused and Tesco Compare chief Debra Williams has been named as the CEO of a new Covea backed price comparison site.
Bluefin appoints new sports division director
Bluefin Insurance Services has appointed a new sports division director.
Ombudsman to split PPI and GI following record complaints
The Financial Ombudsman Service will split PPI complaints from other general insurance disputes this September after receiving a record number of calls over the past three months.
Mapfre sends Spanish travel specialist to UK
Mapfre Assistance has appointed Jair Marrugo as its managing director of UK travel.
Mapfre names UK travel MD
Mapfre Assistance has appointed Jair Marrugo as its managing director of UK travel.
LV COR improves to 98.1%
LV has reported gross written premiums are up £157m for the first six months of 2011.
Ecclesiastical manager stands in for charity
Managing director of Ecclesiastical’s subsidiary Ansvar Insurance, Cathy Taylor, has become interim chief executive of Gloucestershire charity Cotswold Care Hospice.
AIG and Gen Re convictions overturned
A US appeals court has overturned the fraud convictions of four former General Re executives and a former AIG official and has ordered a retrial.
Fitch: Sovereign downgrades would not automatically lead to rating actions for Italian and Spanish insurers
The majority of Italian and Spanish insurers rated by Fitch Ratings would be likely to see their ratings affirmed, even in the hypothetical scenario of a modest downgrade in the sovereign rating of their respective countries, according to the ratings…
Willis announces Broker Direct network tie up
Willis Networks and Broker Direct, through its commercial insurance solution Our Network, have entered into a strategic alliance that will allow their respective members access to the services and facilities of the other.
Bennetts bosses attribute e-commerce developments to record sales
Motorcycle insurance specialist Bennetts has recorded a sales increase of 31% on last year, leading company bosses to highlight the impact of e-commerce developments as a major cause behind the recent success.
MoJ reports a tenfold increase in unauthorised CMCs being shut down
Record numbers of unscrupulous or unauthorised claims management companies have been shut down by the Ministry of Justice in the last year.
Event Insurance urges brokers to cash in on Jubilee and Olympics
Event Insurance Services is attempting to cash in on the Queen’s Diamond Jubilee and the London Olympic and Paralympic Games by launching policies covering events celebrating these landmark events.
French insurer CNP Assurance sees revenue contract
French personal lines insurer CNP Assurances announced contracted revenue but stable income for its first half results due to good operating profitability.
Crawford launches accredited management scheme for staff
Loss adjuster Crawford & Company has teamed up with the Chartered Management Institute to launch what it claims is the first accredited management programme in the sector.