Broker

ABI warns over government planning reforms

The Association of British Insurers has warned that government plans to reform the planning process must not lead to unwise developments being built in flood risk areas making flood insurance more expensive or even unobtainable.

BP Marsh reaps investment profits

Insurance industry venture capital firm BP Marsh announced a near 70% rise in pre-tax profit to £2.3m (2010: £1.4m) and said its net asset value (NAV) had grown 8.1% during the year.

Towergate appoints independent non-executive director

Subject to Financial Services Authority approval, Towergate Insurance has announced the appointment of James Strachan to its board as an independent non-executive director, and chairman of the group risk and compliance committee.

No justification for FSA compensation

Professional indemnity insurance broker PI Expert has warned that the Financial Services Authority’s demands for more power to issue compensation awards could be a cash cow for the regulator.

Home & Legacy in broker push

High net worth underwriting agency Home & Legacy has announced ambitious expansion plans on the back of slicker technology and a six-month 2.5% boost in commission paid to brokers.

Insurance Insight weekly update live

Insurance Insight’s weekly update is live with an article on how European insurers will be affected by US Asbestos, Pollution and Health Liabilities when Solvency II is implemented; and a guest blog on brokers putting business out to auction.

Guest blog: Offer to sell?

I recently had an interesting debate with a seasoned insurance practitioner, the chief executive officer of an insurance company in the Middle East and Africa region.

Biba announces 2012 theme

The British Insurance Brokers’ Association has announced that ‘Shaping our Futures’ will be the theme for its 2012 conference and exhibition to be held at Manchester Central on 16 and 17 May 2012.

Penny Black’s insurance week

A competition organised by the smart suit people Cad and the Dandy for the best-dressed banker caught Penny’s eye this week, with the judges for the award including the sartorial pugilist Chris Eubank.

Your say - CILA: licensed for nil?

Your article ‘Loss adjusters criticised by brokers for cost-cutting measures’ was a cause for mirth and merriment here at Foster Orr & Greenaway HQ but it does raise interesting and important issues about the way in which insurance claims are currently…

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