News
EDB to steer Kia scheme
Kia Motors UK has appointed Equity Direct Broking to administer its car insurance scheme.
Johnson to head affinity
Oxygen has appointed Howden's former divisional director, Steve Johnson, as head of affinity.
Towergate boss hails Glasgow consolidation
The managing director of Towergate's Scottish operation has hailed the consolidation of its five Glasgow businesses under one roof is a marker of its proper arrival in the city's insurance market.
Start-up targets IT and media
Aquila Underwriting has launched an underwriting platform offering specialist liability, business interruption and crisis management policies for media content, intellectual property and IT security risks.
Beazley moves to USD
Lloyd's insurer Beazley is to change its reporting currency to US dollars for the 2010 financial year onward.
New FD for UK General
Oliver Laird has been appointed finance director at UK General Insurance with immediate effect. Mr Laird, who joined the company in September 2009 as head of finance, will join the UK General Insurance board and report to chief operating officer Michael…
Countrywide launch
Broker Network has launched a full membership proposition for Countrywide members, called Countrywide Complete.
Cooper Gay on the up
Cooper Gay has reported group revenue growth to £100.5m (2008: £77.9m), an increase of 29%. EBITDA grew 8% to £19.9m (2008: £18.4m).
Swiftcover ops centre to create 350 new jobs
Swiftcover plans to create 350 jobs over the next three years when it opens a new multi-million pound operations centre in Stockton, Teesside.
RSA achieves 90% target for promise
RSA has rolled out its 'broker promise' initiative across its entire middle-market business, following its initial launch last year.
Jelf denies acquisition
Jelf has denied it will be acquired by Capital Z, despite the private equity firm increasing its stake in the broker to 27.8%.
Aviva improves flood map
Aviva is set to unveil a new flood mapping model it claims will enable it to offer "more competitive prices" to household policyholders.
JPM franchise model unveiled
Midlands-based broker Johnston Park McAndrew is set to establish its first franchise offering in Shropshire.
Carole Nash takes £629 000 legal costs hit
Carole Nash's 2009 results were hit by costs arising from a legal dispute with a third party.
LV boss hails new deals as firm exceeds target
LV's breakdown division Britannia Rescue has agreed a number of new broker partnerships as it seeks to widen its distribution in the intermediary market.
Bill plans dropped
The government has dropped controversial plans in the Financial Services Bill to allow class actions against financial institutions.
Fire claim insurer named
Zurich and Cunningham Lindsey are involved in the claim resulting from last week's blaze in Southampton in which two fire fighters died.
Benchmarking briefing
In today's competitive market, companies are looking for innovative ways to reduce claims costs, improve efficiencies, and provide superior customer service.
ABI reveals massive trade credit claims increase for 2009
The Association of British Insurers has revealed the cost of trade credit claims soared by 95% in 2009, while business prospects remain "highly uncertain".
Brittain steps down as Finsure ceases writing business
Trevor Brittain has stepped down as managing director of Royal Bank of Scotland's premium finance business Finsure ahead of its closure.
Exeter Friendly joins Protect
Income protection specialists Exeter Friendly Society has joined credit insurance trade body Protect under the umbrella of its Pioneer brand.
Carole Nash reveals “satisfactory” result despite fall in profits
Specialist motorcycle insurance broker Carole Nash has announced a pre-tax profit of £6.17m for 2009 – more than £1m less than the figure for 2008 (£7.6m).
Quinn planned to reduce UK broker panel before Regulator stepped in
Quinn Insurance wrote to brokers outlining plans to grow its UK business days before the insurance group was banned from writing any new business there, according to reports this morning.
Homeserve makes US acquisition
Homeserve is expanding its international operations and the development of its US business with the acquisition of National Grid Energy Services service contract business from National Grid Energy Services.