News
KFI reaps benefit of non-motor book growth
For sale-intermediary Kwik Fit Insurance's move away from its motor heartland helped it increase pre-tax profits by 24% to £10.93m in 2009.
CII and Biba to highlight broker professionalism
The Chartered Insurance Institute and British Insurance Brokers' Association will join forces to demonstrate the "professionalism agenda" of broking to the coalition government.
Money handling warning
UK brokers must tighten up client money procedures according to insurance industry accountant and consultant Moore Stephens.
Broker profits to fall
UK insurance brokers are expecting a drop in profitability over the next three months, research by Pricewaterhouse Coopers and the Confederation of British Industry has shown.
HL wins Diabetes UK tender
Heath Lambert has won a tender to provide personal lines and life insurance products for health charity and patient organisation Diabetes UK.
Government budget cuts impacting UK, claims THB
THB group chief executive Frank Murphy has said that the sale of the majority of underwriting agency Unicorn and recessionary pressures accounted for the broker's UK business making a loss.
Hiscox Syndicate 33
Hiscox has published a summary of its initial 2011 business forecast for Syndicate 33 and envisages a syndicate capacity of £900m for 2011, a reduction of £100m from 2010.
Houghton is Southern Ace
Ace has appointed Jon Houghton to the role of regional manager of corporate risks, Southern region.
Pain relief at FSA
The Financial Services Authority has announced that Jon Pain, managing director of supervision and an FSA Board member, has become the latest senior member to decide to leave the organisation in 2011.
UK General gets Hanns-on for scheme sales
Leeds-based UK General Insurance has appointed Ralph Hann as national schemes sales manager for the group.
Whittington faces Aviva in Asian direct market
Whittington has pitched itself against Aviva by setting its sights on the direct Asian insurance market with the launch of a new insurance company in Singapore.
Quadra wins place as APC goes for panel
Start-up Quadra has landed a place on the new property loss adjusting panel of underwriting agency APC.
Editor's comment: End for mobile menace?
Just two months ago I wrote in this column about the proliferation of unsolicited text messages promoting personal injury services.
Heritage in callto EC on captives
Specialist insurer Heritage has urged the European Commission to do more to ensure captives are treated fairly under the Solvency II regulations.
Broker share set to fall
The market share of national brokers is expected to decline to 50% in 2010 and is forecasted to continue falling until 2014.
Treloar in Aviva retail role
Former Royal Bank of Scotland motor managing director Steve Treloar is to join Aviva as its new retail director.
Top 5 Post stories
The top five most popular stories on postonline.co.uk over the last week were:
Lloyd's insurer continues diversification with Swiss plan
Catlin's plan to establish a reinsurance company in Switzerland has been described as another significant move by the group to diversify away from its Lloyd's roots.
Biba pushes aggregator issues at European broker meet
The British Insurance Brokers' Association has met fellow European broker bodies in Tel Aviv to discuss the Insurance Mediation Directive and other European issues.
Credit hire stake sees Lord Young impartiality queried
The Cabinet Office has insisted Lord Young of Graffham remains the right person to lead an investigation into compensation culture in the UK, despite having a major shareholding in credit hire firm Accident Exchange.
Businesses to feel the heat as large fires continue to rise
Challenging economic conditions are having a significant impact on fire danger, according to the Association of British Insurers director of general insurance and health, Nick Starling.
Catlin to join solicitors' PI market exodus
Bermuda-based insurer Catlin has become the latest player to withdraw from the troubled solicitors' professional indemnity insurance market.
Non-life weathers storm
In the UK non-life premiums fell 3.1% to $92bn (£61bn) in 2009 (which ranked it fourth behind the US, Japan and Germany) out of a total of $309bn (which ranked the UK third behind the US and Japan), and that insurance penetration was 12.9%, according to…
Late claims payment fine
Insurers should expect to pay damages to their clients when they are slow to pay claims, according to the Association of Insurance and Risk Managers.