News
Aerospace players to receive IPT exemption
Aerospace insurers received a boost in Wednesday’s budget after Chancellor George Osborne said the government would exempt certain space risks from insurance premium tax.
Biba motor panel chair Briscoe hands over reins
The British Insurance Brokers’ Association has appointed Gallagher Bassett branch manager George Nicol to replace Allan Briscoe as chairman of its motor panel.
UK General boss pessimistic on commercial rate rises amid renewals
UK General commercial managing director Mike Keating is eyeing “pockets of business” where rate rises can be achieved, but offered a pessimistic outlook on the state of the wider commercial market.
DLG's Geddes nets £2.4m total remuneration
Direct Line Group chief executive Paul Geddes saw a 27% increase in the value of his pay package in 2013.
AIG enhances personal accident & business travel cover
AIG launched an enhanced version of its Lifeline Plus group personal accident & business travel cover, which includes extended policy wording and a mobile app that provides travelers with direct access to assistance and advice at any time, wherever they…
Quartix appoints Palmer-Baunack as non-exec
Vehicle tracking supplier Quartix has appointed Avril Palmer-Baunack as non-executive chair.
LAS COO Dunworth resigns days after Innovation Group buy
LAS chief operating officer Max Dunworth is to depart the business later this year, Post can reveal.
Low end HNW homeowners hit with steepest premium increases
The lower end of the high net worth market was hit with the biggest percentage increases in 2013 according to private client broker Castleacre’s high net worth property index.
Frank Pickles goes live on The Broker Cloud
Frank Pickles has adopted The Broker Cloud’s software solution for motorhome and kit car.
Canopius reports record £99m post-tax profit
Canopius has reported a 25% increase in gross written premiums and an improved combined ratio as it ended its 10th year of operation.
Willis launches representative office in Myanmar
Broker Willis has opened a representative office in Myanmar following a “growing wave of interest” from clients.
Russian insurer reportedly axing Ukraine riot covers
Russian insurer Ingosstrakh has reportedly reduced operations of its Ukrainian subsidiary Ingo Ukraine in the face of ongoing political instability.
Junction extends Post Office partnership
BGL's partnership and affinity business Junction has completed a deal to extend the length and breadth of its work with the Post Office.
Daley handed Plum board role
Plum's head of underwriting and claims has been handed a new role as board director.
Video - Octo Telematics: Telematics - an attractive proposition
According to research from the British Insurance Brokers’ Association, the number of live telematics policies increased by 116 000 between 2012 and 2013. While the number of telematics providers also increased from 10 in 2012 to 15 in 2013.
External forces driving risk management transparency says Guy Carp
Transparency on risk management targets and practices is improving according to reinsurance broker Guy Carpenter, with regulatory and market forces said to continue the trend.
Motorists 'too trusting' of their cars
Drivers have too much faith in their vehicle's ability to deal with floods and bad weather according to Be Wiser insurance.
CMS report highlights surge in warranty and indemnity M&A activity
Warranty and indemnity insurance is becoming a prominent feature of mergers and acquisitions activity in Europe, according to a study conducted by international law firm CMS Cameron McKenna.
Besso fine is 'stark reminder' of costs of non-compliance
The fine incurred today by Besso should serve as a cautionary tale for other brokers according to Anton Luck, partner at accountancy firm Moore Stephens
Osborne unveils tax changes and pensions overhaul
George Osborne unveiled a raft of tax changes in the 2014 Budget which he claimed made Britain “the most competitive business tax regime in Europe”
Irish insurer launches bicycle theft product
Irish insurer Blue Insurances has launched a bicycle theft product for cyclists.
Miller recruits from Asia Capital Re to develop regional reinsurance book
Miller has recruited a non-marine treaty reinsurance specialist from Asia Capital Re to bolster its presence in Asia.
Osborne pledges £140m for flood defences
Chancellor George Osborne has promised £140m of funding towards flood defences following the storms and floods which wracked the UK over winter.
Charles Taylor pre-tax profits inch up after adjusting growth
Charles Taylor has seen its full year figures climb after its adjusting business saw operating profits jump by more than 75%.