Broker
Lockton Middle East subsidiary gains chartered status
Lockton subsidiary Lockton MENA Limited has succeeded in its application to achieve Chartered Broker status from the Chartered Insurance Institute.
Personal injury fraudster jailed
A man who made a £1.35m claim for damages for injuries in a car crashhas been jailed for a year after a court found him guilty of contempt of court.
Brightside reports 48% rise in revenue
Brightside increased its revenue by 48.1% to £66.2m in 2010 (2009: £44.7m).
Willis Re: S&P economic capital criteria “incentivises insurers”
Willis Re’s report on Standard & Poor’s new criteria for assessing insurers’ economic capital models has found the latest S&P release “incentivises insurers to adopt more sophisticated internal capital models” by giving them the opportunity to use the…
Go Compare profits soar beyond £30m for 2010
Price comparison site Go Compare has reported a £30.1m pre-tax profit during the 2010 financial year (2009: £12.1m).
Willis Re: S&P economic capital criteria “incentivises insurers”
Willis Re’s report on Standard & Poor’s new criteria for assessing insurers’ economic capital models has found the latest S&P release “incentivises insurers to adopt more sophisticated internal capital models” by giving them the opportunity to use the…
Stronger regulation prompts Chartis rethink
Chartis has modified its policy for private equity and venture capital firms in order to greater deal with the “more robust” regulatory environment.
Giles confirms Rossborough Southampton integration
Giles Insurance Brokers has integrated the operations of Rossborough’s Southampton branch.
Customers need more clarity over online insurance products
Ernst & Young and the Chartered Insurance Institute have released a research report into the UK retail motor insurance market.
DDC unveils new service
DDC Outsourcing Solutions has unveiled a new combined lead generation and sales service.
CII honours David Slade
Perkins Slade founder and non-executive chairman David Slade, has been made an honorary fellow of the Chartered Insurance Institute.
Stackhouse Poland breaks through £50m GWP barrier with Plexstar acquisition
Broker Stackhouse Poland has acquired specialist professional indemnity broker Plexstar Insurance Services.
Sainsbury's and RBSI confirm deal
Sainsbury’s Finance has confirmed that it has signed heads of agreement with Royal Bank of Scotland Insurance with a view to appointing it as its motor insurance provider.
Ageas acquires Castle Cover for £53m
Ageas UK has acquired over 50s specialist Castle Cover in a £52.8m deal. The insurer said that the purchase will increase its customer numbers to around eight million.
In series - fraud: how essential is PR in the battle against fraud?
PR is essential when it comes to changing perceptions about the insurance industry. Rachel Gordon investigates how successfully this is being utilised in the long-term fight against fraud.
Walter hints at new business proposition
Outgoing Insurecom chief executive Phillip Walter has revealed he is in talks with venture capitalists about launching a new business once he exits the firm in May.
Irish firm looks to acquire UK brokers
UK brokers are attractive acquisition targets for European players now that valuations are "more sensible" according to one Irish broker.
Application fraud: insurance defence approaches outlined
Martyn Kyle, head of insurance at SAS, outlined a number of potential defence approaches to combating application fraud. These included using the media, screen warnings and capturing suspicious behaviour.
View from the top: a recipe for disaster
Some companies' belief that insurance policies can be sold like loaves of sliced bread makes a difficult situation worse.
Event insurance - market update: the show must go on
With the shift to music downloads, artists are looking to tour more to make money, generating demand but also new risks for contingency underwriters. Sam Barrett looks at the buoyant events insurance arena and finds a growth market, despite softened…
Postbox: preaching to the converted
I read with interest Phil Bunker's View from the Top regarding the challenge of updating rates in the broker market, as this is a view we have held for some time and have already responded to.
News analysis: alarming revelations for commercial cover
The recent Mactavish-Pricewaterhouse Coopers report that declared commercial insurance 'not fit for purpose' is a wake-up call to the market. Insurers, brokers, company boards, government and the buying community should all take note, says John Hurrell.
Motor claims: adding value to the claims process
The vehicle insurance and accident management worlds are at each others throats most of the time. Paul Hoyle looks at why co-operation is the only way forward.