News
Insurers braced for subsidence claims
Property insurers are preparing for a raft of subsidence claims in the South-east of England following a long period of dry weather.
Private equity firm steps in with £115m MCS deal
Swedish restoration services firm Munters has sold its moisture control services business to private equity firm Triton in a move that will see a number of key partnerships in the UK insurance market change ownership.
Ex-Giles retail MD returns as a consultant
Former Giles Insurance Brokers retail managing director Howard Pearson has returned to the insurance industry as a consultant.
Intermediaries back Law Commission plan over payments
Insurance intermediaries have backed Law Commission plans to introduce legislation making policyholders formally responsible for the payment of their premiums.
Property restructure sees Tonge join Keelan Westall
Barbon has restructured its property division and appointed former Erinaceous boss and Towergate director Wayne Tonge as head of business within its wholesale broking business, Keelan Westall.
Bollington affinity deal
Commercial broker Bollington has entered an affinity partnership with fleet management specialist Fleet Support Group.
Equity Direct gets Mazda
Equity Direct Broking has landed a three-year deal with Mazda UK to run its car insurance scheme.
Willis ups contingent ante
Willis has stepped up its campaign against contingent commissions, issuing a white paper highlighting the conflicts of interest created by the payments.
Taylor joins Bartlett
The former branch director of Aon's Leeds branch Richard Taylor has joined Bartlett Insurance Brokers Group.
LJM Partnership move
Insurance broker LJM Partnership has moved to new premises in Bredbury, Stockport, in a move it claims positions it for further expansion.
Swinton: no plans to "materially" grow branch network
High street broker Swinton has reiterated its support to its network of 600 shops but has no plans to grow this materially in the future.
Travel insurers escape Goldtrail claims
Travel insurers are likely to escape a surge in claims following the collapse of holiday company Goldtrail, with the UK Civil Aviation Authority set to pick up the bill.
Cowens launches new SME arm for sub-£2m clients
Insurance broker Cowens Survival Capability is poised to spin off its SME arm to create a new specialised intermediary.
VRS snatches Tesco property contract from GAB Robins
VRS Adjusters is poised to replace rival GAB Robins as the sole loss adjuster for Tesco's global property portfolio.
Lloyd's affirmed as A+
Ratings agency Fitch has affirmed Lloyd's of London's insurer financial strength rating at A+.
Brit deal in the balance
Private equity house Apollo is not expected to up its offer for Brit, meaning the chances of the deal being successful are 50:50, according to Jefferies International.
Arista heads to Leeds
Arista is set to open a Leeds office, as the firm looks to broaden its footprint in the North of England.
Deloitte retention stats rejected
Allianz has rejected claims that the increasing cost of personal lines policies will lead to a reduction in customer retention.
Editor's comment: ABI headhunt back on
There is no other way of looking at the Kerrie Kelly debacle than as a bit of an embarrassment for the Association of British Insurers.
Quinn: PI insurers losers after defeat
The Solicitors Regulation Authority has welcomed the Court of Appeal's decision to uphold an earlier ruling denying Quinn Direct access to confidential information on a small firm of solicitors that it insured.
Halliwells sells to BLG
Halliwells' insurance business has been acquired by London-based Barlow Lyde Gilbert, after the deal was approved by its board.
Bluefin joins PE alliance
Axa-owned Bluefin has become an inaugural member of Equity Risk Partners Global, a worldwide alliance focused exclusively on the needs of the private equity sector.
QBE hires Scotland head
QBE has appointed Maureen Robertson as commercial manager, leading its business in Scotland.
Axa uses headhunters
Axa Insurance is understood to have employed headhunters to look for a candidate to fill an extended role to that of Anthony Middle, managing director of commercial lines, who has left to join Aviva in December.