News
Jelf purchases Midlands broker Cronin & Co
Jelf has completed a deal to purchase Barnt Green-based intermediary Cronin & Co Corporate Insurance Brokers, adding to the consolidator’s presence in the Midlands.
Lockton buys Griffiths & Armour's Scottish operation
Lockton has completed a deal to acquire the Scottish office of Griffiths & Armour, giving the former its first office in Glasgow.
Google aggregator hit by £12m loss
Price comparison site Google Compare has notched a pre-tax loss of £12m in its second set of full year accounts since being acquired by the search giant in 2011.
AIG teams with Ascot for Bermuda reinsurance launch
AIG has partnered with Lloyd’s insurer Ascot to unveil a new Bermuda-based reinsurance platform.
Video: Chartered Institute of Loss Adjusters president Mike Jones
Speaking to Post news editor Callum Brodie two days after inheriting the CILA presidency from Candy Holland, Mike Jones outlined his plans to help bring through the next generation of adjusters, while changing the institute's qualification structure and…
County Insurance secures Cullum-backed MVP investment
Independent broker County Insurance has completed a deal with Peter Cullum’s funding vehicle Minority Venture Partners.
Pre-tax profit up 16% at Arthur J Gallagher (UK) last year
Arthur J Gallagher (UK) has attributed the retention of key clients and the winning of new business for an uptick in full year pre-tax profit to £15.3m in 2013 (FT 2012: £13.2m).
Ofcom fines Ageas Retail £10 000
Ageas Retail has been fined £10 000 by Ofcom for making abandoned phone calls to consumers.
Banks confirms UKIP MP plans
Go Skippy and Brightside founder Arron Banks has confirmed he plans to run as a UKIP candidate to become a member of parliament for the Gloucestershire constituency of Thornley and Yate.
Axa business manager King joins Ageas' key account team
Ageas has appointed Axa’s Dan King as a broker account executive as part of a bid to boost expertise within its key account team.
Canopius looks to Towergate for marine division expansion
Canopius Group has appointed two former Towergate employees to grow its presence in the UK marine and pleasurecraft market.
KPMG awarded ABS licence
Accounting firm KPMG has been awarded an alternative business structure licence by the Solicitors' Regulation Authority to work on a multi-disciplinary practice basis.
Go Skippy founder to bankroll UKIP campaigns
Go Skippy founder Arron Banks is to become one of the UK Independence Party’s largest donors, switching from a long-held allegiance to the Conservative Party.
JLT March Re set up through joint venture
JLT Re has entered a reinsurance joint venture agreement with Spanish capital insurance broker March JLT.
JLT appoints AIG veteran to board
Jardine Lloyd Thompson Group has appointed Nicholas Walsh as non-executive director.
Axa partners with Experian on commercial risks data enrichment
Axa Commerical Lines and Personal Intermediary has partnered with Experian to introduce data enrichment for commercial risks.
Adrian Flux and Carole Nash first to sign up for IFB broker model
The Insurance Fraud Bureau has unveiled a two-tier membership model for small and larger brokers in a bid to strengthen the industry’s collective fight against fraud by opening intelligence sharing to a wider broker audience.
DfT tipped to focus on telematics in announcement on young driver safety
Government thought to have sought reports from three telematics providers
UK firms warned over capitalising on Russian insurers’ exit from Ukraine
Conflict in the region tipped to push Ukrainian business westward
Solvency II and shareholder pressure to blame for international business sales
DLG’s sale of Italian and German businesses follows similar deals by other firms
CMA private motor market report: Mooted ‘wide’ MFN clause ban could offset rate rises resulting from CMA inaction
Authority’s decision not to intervene on credit hire costs ‘a bitter pill to swallow’
CMA private motor market report: GTA demise ‘only a matter of time’ after CMA fails to find credit hire cost remedy
Only hope for industry-wide change could be ‘shaming’ others into it
Brokers urged to offer ancillary cover outside of renewal cycle
Brokers are missing out on key revenue opportunities from ancillary products according to research conducted by Astrenska, Collinson Group’s underwriting division.
Lloyds Banking Group brings home insurance underwriting in-house
Lloyds Banking Group has become sole underwriter of all its home insurance policies after exiting its existing panel.