News
FSA fines former chief executive for failings leading to client money rule breaches
The Financial Services Authority (FSA) has today fined Paul Harrison, former chief executive of insurance broker Berry Birch & Noble Insurance Brokers (BBNIB) £17,500 for failing to implement proper systems and controls to ensure that customers' money…
Ordnance survey presents geographical intelligence tools
Insurers' ability to price risk with high-precision geographic information (GI) at their fingertips was a key focus of an exclusive industry seminar at the Lloyd's Building.
Oval completes 12th acquisition
Oval has bought the book of business of broker Wilkinson Rodgers in Huddersfield. It is the group’s 12th acquisition in just three years.
FSA slaps five-figure fine on former BBNIB boss Harrison
The Financial Services Authority has fined Paul Harrison, former chief executive of insurance broker Berry Birch & Noble Insurance Brokers £17,500 for failing to implement proper systems and controls to ensure that customers' money held by the firm was…
Price Forbes completes MBO from Marsh
Lloyd's broker Price Forbes & Partners, has completed a management buy out from its parent Marsh. Price Forbes & Partners is now a wholly owned subsidiary of PFIH Limited, a newly incorporated investment holding company that is owned and controlled by…
Bermuda firm launches Lloyd's investment vehicle
An investment vehicle is being established by Syncro, a Bermuda based company, to allow Lloyd’s managing agencies to increase their underwriting access to additional capacity at any point in the underwriting year.
Bollington confirms FM Green talks
The Bollington Group is in talks to acquire FM Green & Company Insurance Brokers, as revealed in Post Magazine yesterday. The two companies have signed Heads of Agreement, and the due diligence process is underway.
No-win-no-fee libel actions criticised
Andrew Sellers, UK & International TMT Claims Manager at Hiscox Insurance Company has called for the reform of the conditional fee agreement (CFA) in defamation cases. Speaking at the 5RB media and entertainment law conference, held yesterday, 21…
Allianz appoints British worker to board
An Allianz Cornhill employee has been elected to the group-level Allianz board in Gerrmany.
SSP to float
Broker software company SSP is set to float on the stock exchange, according to papers filed with the London Stock Exchange.
Hastings denies sale
Hastings Insurance Services has denied it has been sold.
Heritage unveils first half 2006 figures
Heritage Underwriting made a profit before tax of £3.2m for the first half of 2006, down slightly on the £3.4m it made over the same period of 2005.
Increased risk exposure in public sector
Public entities today are increasingly exposed to types and levels of risk that they have not had to consider before, according to Marsh.
Axa research highlights poor health and safety
New research by Axa – examining 57 employees who have been injured whilst working in the manufacturing sector over the past five years has revealed poor levels of health and safety in the workplace.
Award is a sign of good service
Mohammed Omer, sales agent at the Halifax Home Insurance contact centre, has been chosen as the late...
Need a business boost? Why not run a graduate development programme?
For the past four years, healthcare insurance provider BHSF has run a graduate development programme, and believes other SMEs can benefit from the enthusiasm and fresh talent that graduates can provide to a business. Michael Chapman explains
Paper hell
Almost two in five (38%) of UK insurance employees spend over 15 minutes a day processing paper, acc...
HR tool set to benefit brokers
Law firm Peninsula has invested nearly £1m in launching a new HR service aimed at insurance brokers ...
Company investment in staff healthcare to rise
Nine out of 10 companies (92%) are likely to invest more in supporting healthier working practices i...
Appointment at Cunningham Lindsey
Cunningham Lindsey is understood to have poached David Walker from its rival GAB Robins and is expec...
Chaucer Syndicates recruits team
Chaucer Syndicates, the managing agency arm of Chaucer, has recruited a team to underwrite an engine...
Claims regulation to begin in Staffs
West-Midlands-based claims management companies could flee the region following an announcement that...
Appointment at Goodhealth
Goodhealth has recruited Peter Spencer as compliance and legal director. Mr Spencer has 15 years' ex...
Insurers must adapt to new technology
Motor Insurers must pay attention to telematics and how it could affect them or risk being left behi...