News
Penny Black's insurance week
Last week the great, the good and the not so good of the insurance industry headed to Manchester for...
Towergate Partnership buys Hall and Clarke
The Towergate Partnership has bought Harrow-based Hall and Clarke. The intermediary is a specialist ...
FSA pledges to get tough with rule-breaking brokers
The Financial Services Authority pledged a vigorous crackdown on brokers that flout regulatory rules...
Axa offers health club discount
AXA PPP Healthcare has followed Pru Health's lead by offering discounts to customers who keep fit. ...
NU to hand over more Asda business
Broker BDML has revealed it plans to grow its affinity relationships after confirming it has secured...
Legal figure pours scorn on new EL pilot
The government's attempt to resurrect its employers' liability fast-track pilot is doomed to failure...
Appointment at Bishop Skinner
Bishop Skinner has made two appointments to its board of directors. Scott Kinnaird, who joined in 19...
Smart and Cook is safe from 3i sell off
Broker Smart and Cook this week insisted its future was safe, despite venture capital backer 3i conf...
Appointment at PruHealth
Mark Adams has become non-executive director of PruHealth, the joint venture between Prudential and ...
Appointment at James Chapman and Co
James Chapman and Co has promoted Wendy Fox to partner in the personal litigation department. She jo...
MVRA defends its reputation
The motoring trade association MVRA has defended its reputation over standards in the industry and c...
Appointment at Branko
Financial Services Authority compliance specialist Branko has appointed former General Insurance Sta...
Concerns over new EL firms
Peter Staddon, technical director of the British Insurance Brokers' Association, questioned how brok...
Coversure opens new broker
Coversure Insurance Services, the Huntingdon based insurance franchise operation, is opening a new brokerage, bringing the total number of businesses operating under the Coversure banner to 83.
RSA settles US lawsuit
Royal & Sun Alliance has sealed an agreement with PNC Bank for the latter to abandon its lawsuit on US claims. The move will cut the insurer's liability by about $129m.
Greenberg stays silent in AIG probe
Maurice ''Hank'' Greenberg, the former chief executive of American International Group (AIG), has declined to answer questions posed by government investigators looking into transactions at the insurance company he once headed.
California treasurer urges AIG pension action
California Treasurer Phil Angelides has called on the California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS) to take all possible actions to recover losses to funds caused by the ongoing…
Novae hires marketing assistance
Novae Underwriting has agreed a deal with Font Marketing for the provision of marketing support for their partnership brokers.
Tesco Personal Finance posts profits of £202m
Tesco has announced underlying pre-tax profits of £2.03bn, up 20.5% on 2004.
Madden to head up GE arm
Tim Madden has joined GE Insurance Solutions to head up its North American brokered reinsurance business. He will report to Ken Brandt, business leader of North America and Asia Pacific reinsurance, and will be headquartered in the company's Barrington,…
FSCS confirms 38 more firms in default
The Financial Services Compensation Scheme has announced 38 firms in default.
US property premiums to continue to fall
US property premiums are expected to continue to fall, according to the latest report by broker Aon. It said that although the third quarter of 2004 saw the highest quarterly insured losses ever in the US following a season of multiple hurricanes, buyers…
Buffett questioned over AIG probe
Billionaire investor Warren Buffett has been questioned by regulators about his involvement with American International Group (AIG).
Spitzer settlement gives Willis ratings boost
Willis has had its senior debt ratings upgraded by Moody's from negative to stable, following last Friday's announcement it had settle with the Spitzer enquiry.