News
Three leave Powell for Butterworth Spengler
Another director and three account executives have left Powell Insurance Brokers, the Liverpool-based Oval broker.
FOS blames claims management firms for rise in PPI complaints
The Financial Ombudsman Service has raised concerns over claims management companies taking advantage of problems in the payment protection insurance market to bring often spurious complaints.
Allianz product hits Power Place
Allianz's commercial combined product for SME business is to be added to the Power Place offering after the insurer joined the online marketplace panel.
KGM offers motor hope
Last week, the British Insurance Brokers' Association conference saw the great and good of the UK general insurance market descend on the Excel Centre in London's Docklands to network, socialise and swap ideas about where they see the market going.
Aviva trains sights on specialty lines
Aviva's new chief underwriting officer Axel Schmidt has revealed a wide-ranging plan to broaden its risk appetite by concentrating on areas it is currently under strength in, including local authority insurance.
Research puts Allianz top
Research conducted by Towergate Risk Solutions has put Allianz as the top performing key insurer servicing its broking operations.
KPMG pair at First City
KPMG's David Costley-Wood and Michael Walker have been appointed as administrators for First City Insurance Group and its subsidiary First City Partnership.
Ex-Capita director back
The former director of Capita Insurance Distribution Ian Meyer has confirmed plans to re-enter the market with a new personal lines start-up.
FSA in limbo as coalition puts Bank of England in charge
The coalition government has granted macro-prudential regulation of financial services to the Bank of England to rectify the "defective" tripartite system, according to the Treasury.
Ex-Brokerbility chiefback with new team
Former Brokerbility chief executive Stuart Randall has teamed up with senior staff from Evergreen and Axa for his return to the insurance market, Post has learnt.
Direct Group expands further with EVS deal
Insurance services provider Direct Group, backed by Lloyds Development Capital, has completed the acquisition of Evander Validation Services for an undisclosed sum.
RTA PI claims portal endures "bumpy ride"
The new portal for administering road traffic accident personal injury claims has had a "bumpy ride", despite the high number of electronic claims notification forms created since the live date of 30 April.
RBSI may put off full review until 2011
Royal Bank of Scotland Insurance is considering extending the contracts of its loss adjusting panel until July 2011 rather than launching a full review this summer.
Allianz First Direct deal
Allianz Corporate Partner has secured a three-year deal with First Direct, part of HSBC Group, to provide mobile phone insurance for First Direct's 70 000 account holders as of 1 June.
Giles takes over Hampden
Giles Insurance Brokers has acquired the retail broking division of James Hampden Insurance Brokers.
Aviva director leaves
Aviva has confirmed that Brigid Murphy, director of regional brokers for the UK general insurance business, will leave in June.
Quinn administrator biding time over redundancies
The true level of take-up for the offer of voluntary redundancy among Quinn Insurance staff may not be known until the second week of June.
Irish regulator warns of post-crisis surpervisory scepticism
The Financial Regulator, Matthew Elderfield, has warned Irish insurers that he will be more interventionist, rather than wait for a market failure to manifest itself and then cautiously weigh up the costs and benefits of a response.
Chartis, QBE and Dual back £1bn GWP private equity start up
The British Private Equity and Venture Capital Association has today launched BVCA Insurance Services to help members and their investee companies with their insurance needs.
UK actuary bodies confirm merger
Members of the Faculty of Actuaries in Scotland and the Institute of Actuaries have voted in favour of resolutions to merge the two organisations to form the Institute and Faculty of Actuaries.
Lloyd's: Deepwater and Chilean earthquake bill could top $2bn
Lloyd’s announced today that it estimates its net claims before tax from the earthquake in Chile to be in the order of US$1.4bn.
Irish regulator warns of post-crisis surpervisory scepticism
The Financial Regulator, Matthew Elderfield, has warned Irish insurers that he will be more interventionist, rather than wait for a market failure to manifest itself and then cautiously weigh up the costs and benefits of a response.
Lloyd's: Deepwater and Chilean earthquake bill could top $2bn
Lloyd’s announced today that it estimates its net claims before tax from the earthquake in Chile to be in the order of US$1.4bn.