News
North of the Border: Pleural plaques
The Westminster government's recent announcement that it will not be restoring the right to claim compensation for pleural plaques, under English law, following consultation on the issue, has left those with plaques in England and Wales in a somewhat…
Invicta targets £25m by 2013
Founder of Hero Insurance Services, Paul Cosh, has returned to the broker market by taking a financial stake and chairman role in a personal lines start-up launched by former Woodstock operations manager Steve Gamage.
Biba chief: best practice call for small brokers
British Insurance Brokers' Association chief executive Eric Galbraith has slammed the Financial Services Authority's disregard for its members' risk profile and resources and called on it to lay down best practice guidelines for smaller intermediaries.
CBG reacts to drop in profits with rebrand
CBG is to undergo a “total rebrand” and change of chairman after posting a reduced profit for 2009. The Manchester-based broking group saw adjusted pre-tax profits halve to £1.02m (2008: £2.46m) while revenue fell to £8.96m in 2009 (2008: £11.15m).
Co-op GI boss hails the "renaissance" of the group
The Co-operative Financial Services' increase in general insurance premiums of £29.9m in 2009, is part of the "renaissance of the overall group", according to David Neave.
L&G puts "too cheap" tag to bed with 6% rises
Legal & General's general insurance managing director had hailed its actions in the broker channel as the key behind its return to black in 2009.
Editor's comment: The managerial merry-go-round spins again
Last week's announcement from Giles of another senior departure would appear to the casual observer to be the latest in what seems a regular rolling cast change at the private equity-backed broker.
Validus to cross-check claims
Insurance service business Validus has launched a system it claims can save insurers millions by tackling the fraudulent practice of overlapping hires in the credit hire industry.
BGL targets new insurer partners
Junction is to target home and motor insurers keen on going direct by providing them with additional distribution capabilities, according to managing director Peter Thompson.
New evidence emerges in Autofocus case
A crucial case in the legal wrangle between Accident Exchange and Autofocus could be expedited at the Court of Appeal due to newly discovered evidence.
Oval appoints Rothschild to consider future options
Oval has made Gloucester-based broker JL Fisher & Co its first acquisition of 2010, adding it would also consider a "transformational deal" to take it past its £200m target.