Standard & Poors Put RSA on a Negative Outlook - 18th December 2012

- Standard and poors put RSA on a negative outlook because of low interest rates capitalisation seen to be the problem and RSA's weakness.

- The Financial Service Authority (RSA) has announced that it will restrict how banks sell bundled insurance packages.

- Professional Insurance Agents Ltd lift the award for the best provider of Professional Indemnity Insurance covers online the company offers a choice of 9 Professional Indemnity Insurers to clients who want to purchase this type of Insurance from the internet. With over 300 professions to choose from together with 4 suppliers for Directors and Officers Insurance policies. The developing Director Ellie Hearsey said we have worked very hard to give clients a wide choice of financial lines insurances, cover and PIA have always lead the way in online trading in these areas and will hopefully continue to do so.

- Business Insurance 24 7 have launched 2 new Insurance products in Italy using its online Quote and Buy platform.

- HCC has declared their expected claims losses of between $30- $35 million because of Storm Sandy.

Open GI Considering Powerplace - 14th December 2012

- The E-trading platform run by Powerplace maybe up for sale and open GI could be the buyer.
Powerplace is owned by Towergate Insurance and has 1000 broker and already works with open GI. Who are also ultimately controlled by Towergate.

- Dan Wilkinson joins RSA from Willis UK to help them sort out their mid market Commercial Insurance portfolio.

- Jelf puts in a good result performance this year paying its first ever dividend and eradicating its not debt intuition.

- CFC win MGA of the year at Insurance Times awards 2012.

- Business Insurance 24 7 obtain Luna Planet Award for the best technology in 2012. The company specialises in SME Insurance platforms and focuses on profession type risks such as Professional Indemnity Insurance and Directors and Officers covers together with Commercial Combined Insurance products.

- The guy who set up Brit Insurance Neil Eckert joins Gallagher's as one of the companies non-executive Directors.

- NUF looses their Aberdeen team to Towergate.

- Professional Insurance Agents Ltd look towards strengthening their international broking and marketing team and have appoint 2 new staff to start in 2013 offering SME products to Canada, Netherlands, New Zealand, and France other countries to follow concentrating on Financial Lines, Professional Indemnity Insurance and Directors and Officers Insurance covers together with Commercial Lines and some retail products all of which will be sold via their software Multiquote and Buy platforms.

Insurance News - 7th December 2012

- The recent floods in the UK have according too Aon cost the insurers more than anytime in the last five years.

- Professional Insurance Agents Ltd and Business Insurance 24 7 have worked together on a project in Ireland to set up a Quote and Buy Platform for a leading broker based on a exclusive deal on a group of SME products that may include Professional Indemnity Insurance, Public Liability and Construction type risks.

- The motor broker Insurance Choice sell out to Market study.

- The Insurance brokers Allan Field Group has had a temporary suspension on the London stock exchange's alternative investment market awaiting clarification of their financial position.

Typhoon Hits Philippines - 5th December 2012

- Typhoon hits Philippines with at least 200 report dead by this powerful storm. Mindanao and Davao provinces seem to be the hardest it.

- George Osbourne will be delivering his autumn statement later today where he was warned more austerity measures are likely to come and suggest the UK economy will have no miracle cure.

- Someone in the UK brought a lottery ticket but as yet has not claimed the £64 million prize money. If it remains unclaimed the prize money will go to good causes.

- News editors after the Leveson report are in meeting about hot to agree for new press watchdog which would be independent from publishers and politicians.

Insurance News - 4th December 2012

- Lloyds is to consult over the line licences in the US Virgin Islands Kentucky and Illinois. It will be in talks with brokers, MGA's and the international broker association.

- Chris Blackham the former founder of Layton Blackham has been appointed as a non-executive Director on the board of UK General Insurance.

- Professional insurance Agents Ltd to consider partnerships with leading insurer and a broker in the USA. Promoting its Online Multiquote and Buy platform which already features many SME Insurance products, Office Insurance, Professional Indemnity Insurance and Commercial Combined Covers.

- Stephen Barwell is to head up business operations for Giles Insurance.

- It seems that brokers internationally particularly in Australia, Canada and South Africa are turning to mergers and acquisitions as a way to increase their GWP.

- Business Insurance 24 7 to launch new Multiquote and Buy website to include up to 20 different SME Insurance products with major lines such as Directors and Officers Insurance, Office Policies and Professional Indemnity cover.

Major Job Cuts in the Insurance Industry - 30th November 2012

- The Insurance firm NIG is to cut 90 jobs and said that this should not affect service.

- Aviva will also be cutting jobs up to 120 positions may go at its Sheffield office on the claims management arm Asprea.

- 236 jobs to go at Direct Line in a apparent move to streamline and restructure regional underwriting and administration areas across the UK.

- Professional Insurance Agents Ltd have further talks with 2 leading UK brokers about merging Professional Indemnity Insurance and Medical Mal Practice Quote and Buy platforms into these brokers back office systems. The CEO Graham Hearsey said "PIA have helped many London based brokers giants to automate their schemes and get a B to C presents for SME insurances.

- Business Insurance 24 7 opens up 3 new SME Multiquote and Buy arrangements in Ireland and Italy offering SME Insurance products such as Office Insurance, Professional Indemnity Insurance and Travel Covers.

Insurance News Update - 28th November 2012

- Business Insurance 24 7 has appointed 2 new members to its marketing staff with special regards being given to schemes for financial lines products such as Professional Indemnity Insurance and Medical Mal Practice Insurances.

- There are major concerns from BIBA over the way regulation is over powering brokers with the heavy demands on compliance.

- Professional Insurance Agents Ltd the specialist Professional Indemnity Insurance Brokers have arranged several seminars to help clients understand, claims handling and policy coverage, particularly where clients are being asked to complete warranties.

- There are plans for BGL to expand more across the Personal Lines Insurance product range.

- Alan Westall the Co-Founder of Keelan Westall is to launch a new brokerage Property Insurance Initiatives.

Insurance News

1)    £500k extra capacity for Hampden with it's Lloyds capacity

2)    The latest figures coming out of the after effects of Storm Sandy leaves Swiss Re declaring an estimated $900 million in claims

3)    BIBA looking for it's new Chief Executive

4)    Professional Insurance Agents Ltd look towards it's Medical Malpractice Insurance covers to expand it's online facilities, and now in Ireland and the UK "Med Mal Insurance is an expanding area which we want to offer via affiliate groups" said Graham Hearsey CEO of PIA

5)    Business Insurance 247 looks towards the USA to expand it's online multiquote and buy platform.  "We have been in talks with brokers in New York and LA to discuss the launch offering professional lines products at first, such as Professional Indemnity Insurance and Directors & Officers Insurance covers

6)    ALMA and Finnish Run Off - reinsurer has been bought by R&Q for £4.4million

Insurance news 23rd November 2012

1)    According to a recent report, salaries for underwriters in the London market have fallen by around 0.65%.  Other insurance jobs in the city where salaries have increased are in compliance and risk management

2)  Equity Red Star may be taken over by Eddie Truell's acquisition format Tungsten

3)  Catlin bring in new group claim direct Glenn Brace

4)  Professional Insurance Agents Limited are looking at purchasing more small online trading brokers who are operating in the commercial lines insurance area.

5)  Business Insurance 247 multiquote and buy insurance platforms will be used in more than 8 different countries by independent brokers who wish to offer various kinds of commercial insurance products, such as Directors & Officers covers and other areas such as Med Mal Insurance.

Insurance News - 15th November 2012

- Directors and Officers insurance policies should also include EPL Employment Practice insurance together with pension trustees covers as part of the policy, although this would increase costs suggest Graham HEarsey CEO of Professional Insurance Agents Ltd.

- CPP the credit card insurer has been fined by the FSA £10.5 million for mis-selling.

- Claims have seriously affected Zurich UK's general insurance profits.

- Product recall insurers have been hard hit again after another major manufacturer recall from toyota.

- Giles takes two new staff from Towergate and James Hallam.

- Professional insurance Agents Ltd looking to purchase software company to deal with its Professional Indemnity portfolios.

- Business Insurance 24 7 launches its new 'life' products in conjunction with its 'new start up' insurance products, Office Insurance and Public and Employers Liability insurances.

- Markel launches its P/L broker E trading platform.

Insurance News Update - 13th November 2012

 - The latest reports of damage in the USA after Storm Sandy said that insurance companies will face claims for flooding and structure damage ranging from moderate to complete collapse according to reinsurance brokers Willis re.

- Allianz Insurance will make cut backs in its liability and mid market property insurance covers.

- AIG Brand is coming back and replacing Chartis re-branding its non-life insurance business.

- Professional Insurance Agents Ltd has talks with 2 more leading Professional Indemnity Insurance companies about the possible merge or take over of their business.

- Covea sets out their new board of directors who will be lead by chief executive James Reader.

- Business Insurance services appoints Tony Robinson as it expands its marine capabilities.

Insurance News Update - 8th November 2012

- Professional Insurance Agents have appointed new sales director to push forward on its financial lines products, Professional Indemnity Insurance and Directors and Officers Insurance covers.

- SME are retracting back in the Aviva camp, to try and sustain underwriting profits.

- The recent deal with Groupama and Ageas could be approved by the FSA shortly.

- Munich gets higher profits despite the storm sandy.

- Deutsche Bank to discuss Acromas to discuss flotation.

- Business Insurance 24 7 is very keen to start its Eastern European online Quote and Buy and will be in discussions with major insurers and brokers in the new year offering products such as Commercial Combined, Officer Insurance and Professional Indemnity Insurance policies

Insurance World News - 6th November 2012

- Its the end of the line with the UK Motor for Ecclesiastical.

- Mr Chaney has been appointed by Bennett's after a spell with junction and joins the board as a director.

- Professional Insurance Agents Ltd is trying to put together a long term agreement with a Canadian Broker to supply both Professional Indemnity Insurance products, errors and omissions policy via the London markets and with local suppliers.

- John Pieri is acquired by H&H group.

- A equine specialist brokers wetherbys Hamilton appoints for new partners.

- Business Insurance 24 7 starts its new marketing campaign which promises to be focusing on Multiquote and Buy SME product range including Professional Indemnity Insurance, Directors and Officers Insurance and Charities and Trustees covers.

Insurance News Update - 1st November 2012

- Re Insurers will not have too much of a hit after Sandy according to standard and poor's.

- Professional Insurance Agents Ltd go into talks with 2 leading Professional Indemnity Brokers discussing possible take over's of merges. Graham Hearsey PIA CEO said we are looking at ways to expand quickly and a take over or merge to give us the opportunity.

- Aviva and Gallagher Health MGA OIM are set with a deal to off standard and non-standard household products estimated to produce £200 million GWP.

- The brokers APC looks towards a new product launch into public hire taxi's.

- Business Insurance 24 7 looks towards underwriters and insurance schemes to promote its new and improved multiquote and buy platforms in the UK and Europe concentrating on Professional Indemnity Insurance and Directors and Officers covers.

Insurance News - 29th October

1) Ink Insurance leader Mike Smith leaves the company.

2) The Macquarie Bank has decided not to continue funding brokers growth plans, saying it was because of the global economy.

3) Professional Insurance Agents Ltd appoint 2 new software developers to help with its explanation into offering online Multi Quote & Buy platforms to insurance brokers, and underwriters and MGA with interest in Professional Indemnity Insurance and Directors & Officers Insurance.

4) Professional Indemnity Insurance providers will need to consider higher levels of cover and Any One Claims policies to keep up with demand in the UK & Europe. Business Insurance 24/7 CEO Graham Hearsey said some insurance companies are very slow of the mark to update their policy wordings and covers. The world is changing fast and insurers, brokers and MGA's need to look at how products and services are sold.

5) Office Insurance products are now going to include covers for Directors & Officers Insurance and Legal Protection Policy.

PIA and Business Insurance 24 7 Hit Poland - 24th October 2012

Business insurance 247 and Professional Insurance Agents go into a joint venture with various brokers in Eastern Europe, talk took place today in Warsaw Poland with leading insurance brokers to offer London Market representation for offline financial lines business such as Professional Indemnity Insurance and Directors & Officers Insurance and to offer the software platform where SMEs can purchase a wide range of insurances from the quote and buy system.

Insurance World News - 23rd October 2012

- Zurich has found problems in its general insurance market in Germany and has strengthened its claims provisions in the long tail liability lines.

- Cars with no drivers are causing insurers to re-think where fault may now be placed i.e away from the driver/passenger or the manufacturers under perhaps a product liability cover.

- Professional Insurance Agents Ltd set to look into businesses operating in China for SME type covers focusing on Professional risks such as Professional Indemnity Insurance and Directors and Officers Insurances.
Intellectual Property Insurance could be a excellent product to promote in China although no plan for this to go online.

- Hiscox appoints Dr Richard Dixon as their head of catastrophe research.

- Business 24 7 joins forces with several Eastern European brokers to promote Online Multiquote and buy platforms offering Professional Indemnity Insurance and Public Liability and in some cases car and home insurance products via the super speed platforms.

- Ace appoints new people in UK and Ireland with Graeme McGeachie getting a promotion to London South East Regional manager.

- Suzuki appoints Carole Nash to offer accident recovery and legal protection cover along with motor bike cover.

Insurance News - 19th October 2012

- Insurance companies such as Aviva, Markel, RSA Hiscox need to give more time to their insurance brokers in the regions. As many large insurance brokers are grabbing up the small regional brokers and because they only tend to use panels it could be that the larger insurance companies will start to loose their GWP unless they start to favour smaller brokers.

- There is a move towards insurance companies in Europe or at least those operating in these areas, the demands for the UK and European insurance brokers for international trading grows.

- One of the leading companies in Multiquote and buy online Professional Insurance Agents Ltd who offer a large range of sme products from the UK and around the world such as PI PL points out that despite the trouble in the euro zone there is a big demand in the UK for sme products in Europe.

- New appointments have been made OnlineOnline the new insurance broker who offers products such as office and commercial combined insurances to SME's where Kevin Stock will head up there business development online multiquote department.

 

- Francis Duke takes over as chairman at Philibuster after Graham Dean steps down.

Insurance News 15th Oct 2012

1) Professional Insurance Agents Ltd the leading Online Quote & Buy Professional Indemnity Brokers could share a BIBA stand this year with Business Insurance 24/7 who also offer free software to brokers.

2) The BIBA CEO Eric Galbraith is to announce his retirement as acting CEO for BIBA.

3) New office to be opened in Yorkshire for RK Harrison Insurance Services

4) A new CEO is being appointed at Hastings Insurance Group. Gary Hoffman the former banking boss at Northern Rock & Barclaycard.

Insurance News Update - 12th October 2012

- Joe Zuk gets job at BMS in reinsurance property and casualty.

- Gregory gets new job at CFC.

- Tesco gets appointed by national windscreens as preferred supplier.

- UK athletics loose aviva sponsorship.

- Professional Insurance Agents Ltd the leading online Professional Indemnity Insurance provider gets new deal with several insurance companies to offer Office Insurance policies via their Multiquote and Buy platform.

- Direct Line groups IPO pricing is about right according to Paul Geddes the companies CEO.

Insurance News - 9th October 2012

- The failed insurance provider lemma will get help for its policy holders from the FSCS.

- AXA boss Paul Evans not happy with new law that could damage insurance companies reputation.

- Professional Insurance Agents Ltd go into fresh talks with American brokers, regarding its online multiquote platforms. The USA culture regarding commercial insurances such as Professional Indemnity Insurance, Commercial Combined insurance according to CEO Graham Hearsey is way behind the UK and therefore PIA see the USA and Canada as a massive growth area.

- WR Berkley give capacity to AML underwriting.

- The high costs of young drivers insurance could come down if younger drivers were better educated in their driving habits according to many leading insurers and brokers.

- Business Insurance 24 7 look to Middle East to promote their panel of Financial Lines Products such as Directors and Officers Insurance and Professional Indemnity Insurance.

Insurance News Update - 5th October 2012

- AXA to expand it simple products range.

- Lloyds result are very impressive despite world recession.

- The MGA Dual UK has appointed a new COO.

- The office of fair trading could effect insurance companies profits.

- Professional Indemnity Insurance Ltd has serious discussions with 2 Lloyds brokers and 3 syndicates to promote a new range of Professional Indemnity and Directors & Officers products via its online multiquote platform.

- Business Insurance 24 7 the sister company to Professional Insurance Agents Ltd is hoping to launch their multiquote products via one of Eastern Europeans largest brokers after a meet set in Warsaw Poland in the next few weeks.

The hope is that commercial insurance such as Public Liability, Professional Indemnity Insurance and Commercial Combined Insurance can be automated.

Insurance News - 3rd October 2012

- FSA (Financial Service Authority) will shortly be coming to an end with the new insurance regulator taking over in 2013. The regulator however is still pressing very hard to get banks and insurance companies as well as brokers to clean up their acts.

- Business Insurance 247 appoint new IT marketing and code writers to promote their online multiquote and buy insurance products. The company recently put together a office insurance product for WG Office Supplies to offer their clients immediate quotes and cover.
 - Professional insurance Agents ltd again look to partners internationally to expand their hold on the errors and omissions professional indemnity markets having just got close to agreeing terms with a canadian broker pratt lambert and brown one of the leading providers in canada for financial lines insurance products after meeting in london yesterday with CEO Jeff Brown, Ellie Hearse Director of PIA said we discussed many possibilities for online quote and buy headlining insurances such as Professional Indemnity Insurance and Directors & Officers Insurance and a new home insurance product which we expect to launch in the next few months.

Todays Insurance News - 28th September 2012

- Dene Smith appointed by Towergate to build relationships with its networks, broker network and country wide.

- Referrals of private motor insurance by the OFT to the competition commission could cause a large premium increase on motor insurances.

- Professional Insurance Agents Ltd offer shares in Business Insurance 24 7 who issue there online Quote & Buy Multiquote software to brokers and underwriters although the company specialises in Professional Indemnity Insurance and Directors & Officers Insurances, the software also has over 15 other classes of insurances such as Office Insurance, Commercial Combined and Public and Employers Liability Insurances.

- Gibraltar based insurer Lemma Europe Insurance has suspended claims payments by order of the Gibraltar regulator (FSC

Spain May be Requesting Bailout - 27th September 2012

With Spain's borrowing costs back to very high levels speculation that Spain will need a bailout, Prime Minister Mariano Rajoy suggested at a press meeting that if current borrowing costs remain too high for too long then Spain would need to have help and a bailout.

With a deeper recession and out put down the country is in a very bad condition.

The capital Madrid is out living austerity measures with savings, reforms and higher taxes this all comes when anti-austerity protests in the capital have seen a second night of violent protestors.

Todays Insurance News - 27th September 2012

- Aviva sells its shares in Sri Lanka TV for £31 million to American International Insurance.

- Lumley Jacobs strikes another deal with Carole Nash to provide forensic coding for motorbike users in Ireland.

- FSA cold fine brokers including chartered broker for not having clear FSA statements or links to statements on their websites.

- Professional Insurance Agents Ltd looking to obtain new London Offices in Lime Street to be closer to the London market and while expanding their financial line product ranges online in the UK and international particularly ion the Professional Indemnity Insurance and Directors and Officers insurance areas.

- Swinton group paid its sacked directors 1.2 million in connection with their sacking which is shown in the latest accounts.

Insurance News - 25th September 2012

-AXA get the title for the most complaints in 2012 above RSA and Aviva. They received 557 new complaints with RSA getting 412 and Aviva reaching a total of 435 general insurance complaints so far this year.

-Online sales are down for Brightside and has moved to drop both Aviva and Southern Rock as their sole underwriters for van and home insurance. One of the reasons was because the pricing of these products had become uncompetitive.

-Towergate try to strike a deal with Norwich and Peterborough Insurance brokers (NPIB) where the estimated purchase price maybe in the reigion of £8m plus.

-Professional Insurance Agents Ltd are set to consider the purchase of 3 professional indemnity brokers or a possible merge between the parties.

-Masson, the new boss of Swiftcover needs to consider how to bring the company back to profit after posting a £10.7m loss last year.

-Business Insurance 247 is to undergo a new branding bringing its many dedicated websites such as professional insurance and directors and officers insurance inline with the marketing drive. BI247 is 100% owned by professional insurance agents ltd.

Insurance News - 18th September 2012

- A £10.7 loss is reported by swift cover despite its book growing by 54%

- Evolution underwriting agency get a deal from Lloyds insurer Beazley to provide UK Professional Indemnity Insurance.

- Hastings direct on the job hunt again. Hastings Direct may well be looking for another 200 staff to help with their expansion.

- Professional Insurance Agents Ltd report high interest from solicitors this year for Professional Indemnity Insurance covers and office insurance products to include Public and Employers Liability Insurances.

- QBE agrees a deal with Vienna Insurance group to sell 65% shares.

Insurance News Update - 17th September 2012

- Quote & Buy system CETA to add new products to panel.

- FSA fine rogue broker after it found no proper controls in place it also decided to ban them from trading.

- 'Your cover' the new Allianz direct brand has appointed Jon Lott to head up the direct trading it intends to offer.

- Professional Insurance Agents Ltd complete another important distribution deal with French and Eastern European brokers offer Professional Indemnity Insurance and Directors and Officers Insurance via their new multiquote and buy system.

- Ageas get a deal with John Lewis to offer Travel Insurance products for them.

- Business Insurance 24 7 take on IT staff to help with its insurance software expansion into Multiquote & Buy system for brokers and underwriters.

The Mystery of Richard III - 13th September 2012

Richard III was killed in the battle of Bosworth and no one quite knew where his remains ended up, however, it seems that evidence that his remains may have been found in a council car park, archaeologists searching for the plantagenet king say they have found the remains of a high status man that indicate the same wounds that killed Richard III have been shown to be the same as recorded and found on the skeleton.

Apple Does it Again! - 13th September 2012

Apple bring out Iphone5 described by Steve Jobs company as "the most beautiful" phone we have ever made and will be faster and more powerful than other phones

Obama Sends Warships - 13th September 2012

Warships sent by Obama after the US have their ambassador killed, 2 warships were on their way to the Libyan coast, there have been reports that's a safe house near the consulate in Libya had also been attacked and several USA citizens have been injured

Insurance News - 13th September 2012

Professional Insurance agents Limited meet in London today to discuss 4 new schemes for Professional Indemnity Insurance for USA/Canada, the CEO Graham Hearsey said. These negotiations are critical for our expansion internationally for online quote and buy.

Insurance News - 12th September 2012

1. FSA, Financial Services Authority fines Black Rock £9.5 million for failures to properly ring-fence client money deposits.

After investigation by the FSA it was suggested that up to £1.3 billion of client money could have been lost.

2. Many businesses including in the insurance industry have been refused business loans that have been applied for over the last 12 months. Brokers reported that expansion loans were very hard to come by at present.

3. Many insurance companies who are offering solicitors professional indemnity insurance are looking to give 2 year covers to the profession as the break up of the ARP comes into force in 2013.

4. Professional Insurance Agents CEO, Graham Hearsey said he welcomes the idea of insurers offering PI Insurance over a 2 year period and suggests this could be extended to other classes also.

Eurozone - 12th September 2012

Eurozone is in crisis again. A court in Germany is about to give it's discussion on whether to support bailouts in the Eurozone.

A constitutional court in Karlsruhe are more likely to give their verdict that certain rules will have to be out in place regarding future bailouts in the Eurozone.

Other things that may affect the UK is the suggestion that the European Commission will lay out it's plans today for the creating of a Eurozone banking union that may mean transfer of power from National bodies. This of course could seriously affect the UK banking world.

Insurance News

1) Duke street capital looking at several insurance companies including bidding for RBS

2) New product from brokerdrive, which offers brokers drive plus to brokers and this will help them with marketing, compliance training & business continuity

3) John Lincolns take a jump into Giles

4) Professional Insurance Agents Ltd, decides to offer its software products to some underwriters and insurers who have high value manual products such as Professional Indemnity Insurance, Public Liability & Directors and Officers Insurances.

5) Rob Preston moves to Novae Zurich as managing director.

6) Business Insurance 24/7 handles 3 new products on its online trading platform. Specialist covers for personal accident insurance, office insurance and professional indemnity insurance from new suppliers.

Todays Insurance News - 7th September 2012

- Groupama UK in talks with Ageas. The talk is believed to be exclusive lasting four weeks this will give Ageas the advantage of growing its commercial book.

- BIBA suggest that banks should stop selling insurance get on with what they know best - banking!

- Research by Zurich suggest that many SME's are very worried about cyber attack and loss of data.

- Stuart Wood gets promotion to class underwriter for Professional Indemnity Insurance at Mitsui Sumitomo at Lloyds.

- Professional Insurance Agents Ltd make a bid for a Professional Indemnity Insurance broker in the North of England.

- Business Insurance 24 7 get asked to offer their Online Quote and Buy Insurance products to large postal service provider for commercial insurances to include Directors and Officers and Professional Indemnity Insurances.

News Update - 6th September 2012

- Clinton Backs Barack Obama at USA elections at the democratic convention he gave a very impressive speech laying out the foundations of what has been achieved since Obama took office and what is likely to be achieved if he gets re-elected.

- Three killings happen in France with one young girl found hiding the bodies of 2 women and one many where found all thought to be British.
The young girl was found hiding under one of the bodies, the murders happened in the lake Annecy area.

- Oscar Pistorios gets his gold medal at the Paralympics in the 4x100m breaking the current world record.

- Team mates Danielle Brown and Mel Clark get gold and silver after an exciting finish in the Paralympics archery.

- Andy Murray made semis in the US open.

- Honda may help the UK economy as it invests nearly 270 million into a UK plant.

Insurance News - 5th September 2012

- FSA is to demand a commission down if sale of certain products, but it is unlikely to impose a total ban on these products are now as add on products often not wanted by the clients purchasing a main insurance product.

- Lincoln is about to join Giles after leaving Cobra network.

- New underwriters are to join Keelan Westall to help the underwriting team.

- Professional Insurance Agents Ltd meet with investment house and large banking group in talks with them over there expansion in Europe and internationally to sell products such as Professional Indemnity Insurance and Public liability it will also set up new Directors and Officers insurance for individual directors.

News Today - 4th September 2012

- Cabinet reshuffle by David Cameron. Andrew Mitchell is to be the Tory chief whip with tipps that Nick Robinson, Gillan and Ken Clarke may also be involved.

- Oliveria and Pistorius make up after disagreement on blades.

- Natasha Baker wins another gold at Paralympics in freestyle dressage, she states it was beyond her wildest dreams.

- The seventeen year old Ellie Simmonds also wins another gold medal at the Paralympics in the 200m.

- 20 activists do not get their appeal recognized by the courts in Bahrain who said that the activist where plotting against the state.

Insurance News - 3rd September 2012

- CEO of Professional Insurance Agents Graham Hearsey said its company has won a large number of contracts to supply the insurance industry with advanced software to sell commercial insurances via its trading platform, including products like Professional Indemnity Insurance, Public Liability & Directors and Officers covers offering buyers a visual text, email or voice options directly from Professional Insurance Agents Ltd websites, the company now has a distribution channel of one 200 uk brokers and 10 brokers overseas.

- Ace to get more claims management staff in expansion.

- After three years at broker network Nick Houghton resign.

- New officer to be open in Peterborough for BGL where it will have 200 staff working from there.

- Business 24 7 to offer its software to affinity groups for commercial insurance, public liability, directors and officers insurance and professional indemnity insurances.

News Update - 31st August 2012

- Romney accepts the republican nomination at its convention. Mitt Romney gets the job as the leader of the republican party in the USA and states that its 'time to turn the page' the film star Clint Eastwood also spoke at the convention saying he was supporting Mitt Romney.

- GB gets its first Gold medal in Paralympics games in track cycling with Sarah Storey, breaking her own world record.

- Julian Assange the wikileaks owner, still fighting his extradition to Sweden in connection with a claim that he was involved in sexual assault may be facing up to a year of living in the Ecuador Embassy as at present William Hague the foreign secretary said there is no solution in sight.

- The battle over Apples intellectual property took a blow in the Japanese courts in Tokyo yesterday as they stated that Samsung electronics did not infringe Apples IP.

- Data on police compromised at Hertfordshire police after hackers seemed to obtain information such as login details and passwords for dozens of officers.

Queen Opens Paralympics - 30th August 2012

The ceremony to open the games in London with the Queen and other royal family attending along with 80,000 spectators went off with a big bang and was received very well with professor Stephen Hawkings and Sir Ian McKellen starting the proceedings, generally the display has been greeted with good comments although maybe the umbrellas were a little over done.

Insurance News - 30th August 2012

- Towergate has some good news that its losses go down.

- Professional Indemnity Insurance for solicitors to be underwriten by UIB of behalf of Elite.

- Debenhams to go on compare the market.

- Professional Insurance Agents Ltd promote new Professional Agents Ltd promote new Professional Indemnity app for smartphones with plans for Directors & Officers Insurance products to follow shortly.

- Business Insurance 24 7 obtain sole right to promote software via brokers, insurance companies and affinity groups from internet architects.

- Zurich lose their head of Professional Indemnity Insurance to locktons with locktons considering developing in Europe and USA.

Virgin Trains go to the Courts - 29th August 2012

Virgin trains are challenging the awarded contract of the West Coast Mainline to first group. Justine Greening the transport secretary however, said the Government will still be pushing ahead with First Group deal, Virgin states that it believes there has to be a judicial review under the tender contract for the courts to decide.

Paralympics Starts Today - 29th August 2012

The kick off for Paralympic's start today with thousands of athletes from all over the world competing for the gold, silver and bronze medals.

The torch which left Stoke Mandeville for London is due to mark the opening of the games today.

Israel Not to Blame for Rachel Corries Death - 28th August 2012

A court in Israel has ruled that the army was not at fault for the death of Rachel Corrie a US activist who was killed by a army bull dozer.

Insurance News - 24th August 2012

- Professional Insurance agents Ltd are now offering Professional Indemnity Insurance and Directors & Officers Insurance via its Italian partnership Golinucci where in 2-13 it will be compulsory for many professions to hold this cover.

- Aviva may cut upto 800 jobs in the UK in cost cutting drive

- Andy James joins Allianz as group marketing director.

- Bluefin reported the one millionth uninsured car on Britains roads has been seized in the West Midlands.

- AXA reports there latest business crime index  has a 3% rise since the riots last August.

Insurance News - 21st August 2012

- Omega is taken over by Camopius

- Marine team is to expand at Chaucer

- A £169 million profit was announces to Amlin 1st half year results

- QBE look toward their SME account that will be the extra income from the take over of Brit business expected to bring in £170 million GWP

- Professional Insurance Agents Ltd meet with leading underwriters in London today to consider new policies for Professional Indemnity Insurance which will extend covers and wide range of extras.

- After the floods in the UK Zurich put their 19 million losses down to their claims.

Brady the Moors Murder Could have Revealed Details on Keith Bennett - 17th August 2012

The moors murder Ian Brady may have given details to a visitor to his psychiatric high security unit about the were abouts of Keith Bennett's body.
A mental health advocate Jackie Powell has been arrested based on preventing the lawful burial of a body.
Keith Bennett's body one of Brady's victims was never found, his mother now 78 has fought a long battle to try and obtain information about where her son was buried on the moors.
Over the years many searches by the police and army have taken place but no remains were ever found.

30 Miners Killed in South Africa - 17th August 2012

Police in South Africa fired on miners armed with machetes and sticks.
The Lonmin owned mine that digs for platinum has had problems with the work force because of a dispute over very poor pay. The nation was comparing his to the terrible days of Apartheid in South Africa.
Thousands of miners were at Marikana about 80 miles from Johannesburg requesting a pay rise for the work they undertake, police were sent to stop the gathering when the shooting started.

Insurance News - 16th August 2012

- Cobra and Autonet to sell Van Insurance

- Standard and poor's down grade Aviva, saying that it had weakness to market volatility and effectiveness of the chairman's plan to sell off section.

- The profit for Zurich fell by 28% due to higher expenses.

- Professional Insurance Agents Ltd seem to be getting a new deal a day with both Professional Indemnity Insurance brokers and Commercial Insurance products.

- New appointment by Plexus law of Fiona Heys to a partner in the Professional Indemnity (PI) team.

- Business Insurance 24 7 new brand name of PIA approach three new MGA's and underwriters this week to expand product ranges for Office Insurance, Restaurants and Shops policies.

Virgin Trains lose Bid - 15th August 2012

The Virgin trains business is not to retain its west coast main line route the job has been given to first group the UKs largest rail operator and will be due to take over the services in December.

There are fears however from the union and rail campaigners that there will be fare rises and job cuts, First group are promising better services and new trains, stagecoach who have a 49% interest in virgin rail said the reason for them not getting the contract was that First Group were going to pay higher payment to the department of transport.

Clean Up on Plastic Surgery - 15th August 2012

There must be a major clean up in the plastic surgery arena particularly after the PIP scare. Professor Keogh has promised to clean up what he calls the grubby areas that does not give enough protection to their patients.

Over 700 over women have had PIP implants removed through the NHS, many of theses implants were put in by private clinics.

Insurance News - 15th August 2012

- Oval boasts about there debt reduction

- Towergate loose staff to Lorica

- Marsh loose there cyber expert to RK Harrison

- Professional Insurance Agents ltd are in talks with Canadian broker and the USA to roll out UK Professional Indemnity Insurance and Directors & Officers products via broker network

- Problems in the euro zone which is heading for a second recession will cause problems with some leading insurers who are heavily invested in Europe.

- Business 24 7 seal yet another deal with underwriters and insurers to offer commercial combined insurance online.

Rail Fares to Go Up - 14th August 2012

Rail fares to increase again from January next year, prices may rise more than the rate of double inflation.

Fares in England are due to go up inflation rate plus 3%.

The reason for the increase according to the railway providers is for investment going forward but lets face it they have been saying that since 1920! The fact is there never any seats, the design of the modern trains never accounted for suitcases and delays are frequent, any other business in operation would not be able to get away with the disgraceful service.

The real companies really need to get their sorry backsides into gear and take a long hard look at what they are offering the consumer, basicall no value for money at all.

Insurance News Update - 9th August 2012

- Aviva make operating profit at around £226 million.
- Professional Insurance Agents Ltd report good half year profits from both their online businesses after sustained investment in new IT equipment and staff.
- Markel profits jump as expansion in the UK and internationally together with acquisitions Quay underwriting and a joint venture with Anglo Underwriting.
- Business Insurance 24 7 in talks with several brokers in the London market offering them online Quote and Buy Commercial Insurance and Professional Indemnity Insurance products.
- Ascot and Marketform agree the (CEP) convoy escort programme which would support shipping through pirate risk areas with armed escorts.

- The risk officer at Towergate Lisa Siggery will be replaced by Keith Jackson.
- Professional Indemnity Insurance Solicitors seasons upon us again with a few new players showing their hand.

Insurance News - 7th August 2012

- Insurance companies are looking for schemes and need to work with brokers companies like MMA and Groupama could this area.
- BUPA are pulling away from the broker markets for their PMI product range.
- Professional Insurance Agents Ltd are looking to offer their Professional Indemnity Insurance brokers expertise to other brokers.
- Business Insurance 24 7 open up new Online Quote and Buy facilities for European and International brokers, offering covers and policies from the London Market.
- ECIC launch a new renewable energy product .

More Olympic Medal Move team GB to 5th - 3rd August 2012

Team GB move up to 5th place after medals, won by, Sir Chris Hoy, David Florence and Richard Hounslow get Silver in Canoe Slalom with Etienne Scott and Tim Baillie getting Gold with Gamma Gibbons taking Silver in Judo, a fantastic win for Peter Wilson winning gold in the double trap shooting at Woolwich Common.

Insurance News - 3rd August 2012

- Direct line get profit up to 6%

- RSA looking at agencies again and could cut brokers

- Randall & Quilter to launch new Lloyds' syndicate which will be led by a ex-axis underwriter Daniel Wright.

- Aviva to launch a solicitors PII scheme JLT

- Professional Insurance Agents Ltd about to launch new Professional Indemnity Insurance and Directors & Officers Insurances online in Bulgaria.

- Business Insurance 24 7 - offer their broker net work use of there new Professional Indemnity Insurance smart phone APP.

Insurance News - 2nd August 2012

- Compare the market start hitting the commercial insurance market by re-launching its landlords website.

- Aviva sells on its Eastern European business.

- Allianz global start a recovery after their poor results in 2011.

- Professional Insurance Agents Ltd in talks with Italian and Dutch brokers to offer Professional Indemnity Insurance and Directors & Officers Insurances based on exchange of underwriter rates in each of their areas and in the UK.

- Business Insurance 24/7 appoint Kelly Fyfe and Ellie Hearsey to directors of sales UK and Europe.

Insurance News - 31st July 2012

1. Markel increase its international Professional Indemnity Insurance team.

2. The brokers Willis open a new office with a difference in Barcelona.

3. RSA face a drop in profits because of flood claims.

4. Optional extras are becoming a major problem with the regulators after Barbons record on these sales.

5. The Gaint brokers Aon profit drop by 4%

6. Professional Insurance Agents Ltd gain more brokers wanting their Online Multiquote & Buy system for Professional Indemnity Insurance and Directors & Officers Insurance together with Commercial Insurance products and new Office insurance policies.

Insurance News - 27th July 2012

1. Professional Insurance Agents Ltd apply to obtain trading rights with several countries to sell Professional Indemnity Insurance and Directors and Officers covers via their online trading platform and their associated company Business Insurance 24 7.

2. RBS personal lines business will go our to tender.

3. Towergate are pushing to double their acquisitions, stated by their M&A Director Dan Saulter.

4. Brokers Henderson push towards increasing their GWP in the Marine and Aviation markets.

Insurance News- 23rd July 2012

1. Thomas Cook set up to sell its Insurance section of the company which could raise up to £100 million.

2. Arlington Financial Services have sold their business to Henderson Insurance Brokers.

3. Richard Watson has been appointed sales delivery manager at HCE Insurance.

4. Professional Insurance Agents return from Italy with new deal with leading Italian Brokers Gulinucci.

5. Business Insurance 24 7 get a trademark granted to protect its brand and commercial insurances like Professional Indemnity Insurance and Directors and Officers covers.

6. Hiscox appoints 3 new manages chief underwriting officer chief risk officer and head of claims.

Insurance News

1) Re-insurers more selective in writing business and may have a major impact on primary markets with big companies like Munich re stating that they would be more selective.

2) Barbon insurance group report an overall loss of £470,000 which was a considerable drop from if last years profit of 6.9 million

3) Both zurich Insurance and Mitsu are still looking to recruit

4) Aro looking to grow their business from Tonbridge base with Aro underwriting opening up new offices there

5) AXA is now committed to both brokers and the direct markets to sell their products

6) Professional Insurance Agents Ltd start new professional industry insurance department aiming at traditional professions.

7) Business Insurance 247 is to develop one of the first online multi quote and buy systems for commercial combined software packages

8) AVIVA, Beazley, WRB, Catlin and Hiscox are offering products such as Directors and Officers Insurance and office insurance together with Professional Indemnity Insurance via their own or other online quote and buy systems Ellie Hearsey

Insurance News 19th July

1) M6A bosses get sentenced for three years. Jayson Hollier and Andrew Booth were sent to prison for trading fraudulently + perjury at Warwick crown court. The underwriter agency 'Shakespeare" went Bankrupt owing insurers £2million

2) Carroll London Markets has sold out a large share holding to PSC who will now own the controlling interest

3) IF deal to buy direct lines foes through, NIG may be sold off as a separate commercial proposition

4) Business Insurance 24/7 to speak with equity houses and private investors to expand its European and worldwide online multi quote software via brokers networks specialising in Professional Indemnity and Commercial Insurance

5) RSA states that recent floods in the UK could cost them £50million

6) Barbon will change its procedures after problems with its "Homelet" Insurance products

7) Professional Insurance Agents Ltd launch 3 new schemes with leading insurers a LLP insurance for partners, a personal accident policy and a excess buy back and that can be purchased via network of its 200 brokers and from its Directors and Officers insurance and Professional Indemnity Insurance websites.

Insurance News - 18 July

1) Latest reports are that there was been a decline in attacks on shipping in and around Somali where pirates were rife

2) Juan Alberto Ve'lez Arredondo has been appointed by the Ace Group to head up Ace Lifes regional President in Latin America.

3) AXA to bring together commerical and personal lines business under leadership of Amanda Blanc

4) Business Insurance 24/7 appoint 2 new IT specialst to head up their online multiquote commericial insurance covers for Professional Indemnity Insurance and Directors & Officers Insurance for their international development.

5) Allianz get high ranking in Transparency ratings which helps the fight agaisint corruption.

6) L/V gets new broker development managers in the South Jim Ramsay

7) Professional Insurance Agents Ltd start recruiting for new Professionla Indemnity Insurance brokers and will adviertise for candidates in the South & North of England.

News 17 July

1) New property owners being offered by NIG to brokers

2) A new MGA office for Randell & Quilter has opened in Manchester

3) Mapfire share price carries on falling because of Euro Zone crisis losing 9%

4) Business Insurance 24/7 to strike new deals with Insurers in Europe, despite Euro crises. Director heads of development Ellie Hearsey & Kelly Fyfe said "this will help our brokers in the Netherlands & Italy and will be very good for business"

5) Professional Insurance Agents Ltd announce their new associates Buzs & Bee which will form part of their new advertising campaign featured on YouTube, Twitter and Facebook.

Insurance News - 16 July

1) Motor Insurance premiums still seen to be falling.

2) WR Berkely along with Willis & AON plan to build head quarters in London.

3) Recent floods see payments out by Avivia RSA & L&G.

4) Telematics sales up by 1500% in just 2 years.

5) With problem in shipping Beazley launches a combined piracy policy

6) Professional Insurance Agents Ltd launches new range of online multiquote products for office insurances and professional indeminty policies

7) Business Insurance 24/7 is to start negotioning with leading Bulgarian association for its members to supply online multiquote & buy for professional indemnity insurance and public liaiblity bulgarian SME business.

Insurance News - 13 July

Insurance News - 13 July

1) Founder director of Swift Cover Steve Hardy given 6 months gardening leave by AXA.

2) E-trading should be the way forward for brokers & insurers both on B2B & B2C systems, recent events in Wembley showed off many sponsors with companies like NI6, Ace, Acturis, AXA, MMA, Powerplace and Wizard all at the show with demos of online trading platforms and extranet systems being showed off. Business Insurance 24/7 system was and still is marketing direct to brokers and underwriters and offered free of charge.

3) Allianz has ambitions to hit a target of £1bn GWP by 2013 according to its General Manager Jon Dye.

4) Brokers and Insurers are really feeling the pressure when it comes to regulation requirement with rules from the OFT, FSA and EEC.

5) Office Insurances need to be upgraded to account for more types of Business Insurance requirements. Professional Insurance Agents & its online trading partners Business Insurance 24/7 CEO Graham Hearsey said that "Many new business now trade worldwide and unfortunatly the standard office policies do not basically cover these Businesses when trading outside the UK particullary with the liabiliteies secotrs and legal protection covers"

6) Professional Indemnity Insurance for solicitors will be starting its season very soon with leading PII brokers fighting for new markets and reduced premioums. Kelly Fyfe a directors of a leading Professional Indemnity Brokers PIA said we need to consider new areas and fresh ways of looking at solicitors Professional Indemnity Insurance.

Insurance News - 12 July

1) Business INsurance 24/7 announces a new office policy that it will launch for SME's that may well include directors and officers insurance covers and legal protection.

2) Professional Insurance Agents Ltd push forward with new contracts in France and Canada to offer financial lines products and home insurance covers via leading banks and brokers.

3) Blanc to deal relationships with regional brokers on personal lines.

4) Insurance industry awards announced by times for technology.

5) Compare the market do a deal with Churchill.

Murray Loses - 9th July 2012

A brave fight by Murray against  Roger Federer who now has won his seventh Wimbledon title.

Murray said there is no shame against losing to Federer. The fact is Murray is the first British man to reach the finals since 1938, that alone is a record to be proud of, and there is always next year.

Insurance News - 9th July 2012

1) High claims increase effect Allianz rates

2) Flood claims and property damage could be the highest insurance claim companies have received in Tysers according to ABI.

3) One of Amlin directors Christine Bosse has retired after being on the board for 4 years.

4) Professional Insurance Agents Ltd & Business Insurance 24/7 start new advertising campaign on YouTube, Facebook & Twitter which promises to be really different.

5) New players in the Professional Indemnity Insurance Markets and Directors and Officers Insurances ask for help in setting up Online MultiQuote and Buy Systems

Insurance News- 6th July 2012

- Hastings Direct back "think bike" campaign.

- Aviva has real problems with Euro zone crisis, COE states the company needs to strengthen its capital base.

- Law changes needed after court find against Zurich over fraud claim.

- Will cobra shareholder go for a 7.3 million offer and possible delisting from aim.

- Professional Insurance Agents Ltd talking with several companies about selling up its 'own mojo' using trading name Business Insurance 24 7 and specializing in Professional Indemnity Insurance Ltd and Directors and Officers Insurances.

Insurance News - 5th July 2012

Mobile Phone applications in the insurance industry? Is there a practical use for them?

Answer is yes, with the rising use of Smartphone's and tablets it is a natural progression for insurance companies and brokers to except this technology.

Several companies started to tip there toe in the water in this area, such as Chartis, and AXA although very few have mastered any meaningful application when it comes to commercial insurances and where clients are able to purchase insurances direct from there Smartphone. Professional Insurance Agents Ltd and there new trading Business Insurance 24 7 have developed one of the first insurance Apps where clients can purchase Professional Indemnity and Public Liability Insurance across all the major Smartphone's, android, blackberry and iPhone. Ellie Hearsey Director of PIA said "purchasing insurances via Smartphone's and tablets will become the norm particularly with younger directors and owners of businesses."

Insurance News - 3rd July

1) Office insurance policies and commercial combined covers may well go up in costs after recent floods have hit the UK

2) Criminal prosecutions charges need to be covered in any issued DO insurance particularly if you are working in the financial sectors industry

3) Italian and Dutch brokers are now using business insurance 24/7 software and have reported immediate responses to their marketing and advertising campaign. Which encourages clients in their countries to purchase PI insurance and DO covers? Plans to extend a full commercial range of products such as office insurance and commercial combined insurance for shop and retail businesses will be launched in the next few months.

Barclays Staff Prepare to Resign - 29th June 2012

- Brendan McManus CEO of Giles who is well known in the Insurance market, has taken to the new job at Giles after his departure from Willis, leaving dear old Joe Plumeri and his bad tempers behind, in December he has the big job cutting the £37.4 million loss and has already said that flotation is out of the question at present.

- Groupama UK faces problems with the recent down grading of their parent company with standard and poor's giving the company a junk status. brokers are now becoming very worried and whether they should place business with Groupama.

- Rupert Villers of Aspen Insurance moves from Co- CEO to chairman of the company and president of Aspen International.

- Some contracts maybe exempt from solvency II Brussels may soften the impact of the new directive.

- Aviva appoint Sandra Stewart as there national sales manager.

- Professional Insurance Agents Ltd, new trading online Multiquote and Buy company Business Insurance 24 7 appoint 2 new members of staff in their IT department. CEO Graham Hearsey and Chief operating officer Graham Wallace said "we are flat out on software products both in the UK and internationally, and we need to expand our Insurance products and panel of suppliers, out IT staff will now write code for scheme on Professional Indemnity Insurance, Directors & Officers and Commercial Combined not only in the UK we are working in Italy the Netherlands and Canada on some very exciting online product for both insurers and brokers."

Insurance News - 27th June 2012

1. Aviva have great products and an excellent brand name to push through a great online quote and buy option.

2. AXA have recently entered the B2C markets with professional indemnity insurance products.

3. Markel have also decided to offer online products such as professional indemnity and public liability insurances direct to the SME market.

4. Professional Insurance Agents Ltd have always been in the B2C market for SME, offering a wide range of commercial products such as office insurance, commercial combined and public liability covers.

5. Software houses have become brokers and software houses with companies like APC, CETA, Powerplace and Iprism are all offering brokers a range of SME products.

Professional Insurance Agents Ltd- 26th June 2012

Professional Insurance Agents Limited has just started its advertising campaign which will include its new branding Business Insurance 247, Ellie Hearsey and Kelly Fyfe Directors of the company said that's so far when we have been visiting Brokers and Insurance Companies that the Business Insurance 247 new logo and branding have been received very well and credit to our designers who's adverts and emarketing strategy has clearly set us apart from other suppliers of online multi quote and buy systems.

Insurance apps - 26th June 2012

The insurance industry is just waking up to the idea that smartphone apps maybe of great help to them when selling insurance products such as public liability and travel insurances although it is true to say that there are a few companies who have developed app facilities although it is still a very new concept For many insurance companies and brokers to get to grips with.

Those companies who welcome the development and idea of selling it's services via smartphone apps and tablets will be the winners as the new generation and users of this technology will not be going to brokers but using their phones to purchase insurances.

One such broker who has produced a commercial insurance app for android, blackberry a iPhone is "smartyapps" a trading name of professional insurance agents ltd who said 'we as an industry need to understand the changing face and buying habits of people if we are going to compete in this new world of technology.

Insurance Companies- 26th June 2012

Large insurance companies will now be looking at the solvency II arrangements with moodys very pro-active in looking at the grading of insurance companies and banks, many of which have been down graded.

Insurance News - 25th June

1) After his sacking from Swindon Peter Halpin states he is ready to go back into the insurance industry and maybe joined by other board members Anthony Clare and Nick Bowyer

2) Rob Wright has been appointed by MCE Insurance to his new role as customer action team manager.

3) Jelf Insurance brokers grab James Balfor to help with their new affinities schemes.

4) LV takes on Wendy Mayall as their new Chief International Officer.

5) Professional Insurance Agents Ltd appoint new managers to their Professional Indemnity department. Sonia Shoebridge & Katy Shailer, in addition Tamzin McGrath will head up the commercial Insurance department, looking after the companies Directors & Officers Insurance, Corporate Office Insurance and overseas Public Liability arrangements.

Insurance News - 22nd June 2012

1) A recent insurance survey suggest that there is a lot of scope for setting up schemes.

2) The Deutsche Bank has decided to sue 26 insurers for £1million claiming that insurance companies involved in 2008-2009 should pay out for a law firm that the bank successfully sues for negligence.

3) Professional Insurance Agents Ltd reveals new deal with leading insurers to provide excess buy back policies with new Professional Indemnity Insurance products for "Green & Environmental types business"

4) Mobile phone technology to be used to sell Directors & Officers and Public Liability Insurance

Off Shore Tax Havens Being Targeted by Government - 21st June 2012

Film scheme are being used to help wealthy investors avoid tax in the UK.

The Inland Revenue are currently investigating a large number of film schemes where it is know thousands of very rich people are using these schemes to avoid paying UK tax. Jimmy Carr has been singled out by the Prime Minister David Cameron, suggesting that it is "not morally right" for stars and rich wealthy people to avoid tax payment while ordinary people pay their taxes.

GP's Go on Strike Today - 21st June 2012

GP's and hospital Doctors go on strike today over the Government pensions proposals where they want Doctors to contribute more towards the cost of their retirement, even thought GP's and Doctors get the highest retirement deal in the public sector.

Todays Insurance News - 20th June 2012

-Lloyds gives dutch Insurers more areas to do business with them.

- Arron Banks of Brightside resigns and Martyn Holman get job.

- Giles snaps up COO of Brightside Simon Pearce

- Professional Insurance Agents Ltd takes on its international Quote and Buy software platform. Graham Hearsey their CEO states that "it is a very important area to develop in, we need to train up more IT staff for the demand from Europe and Internationally for websites that can offer SME's Commercial Insurance Products like Professional Indemnity Insurance, Public Liability and Office Insurance via our online systems."

Eurozone Must Sort Out its Problem Say Leaders at G20 - 19th June 2012

The Eurozone has to sort out the problems it has leaders urge, however Jose Manuel Barroso stated a pointed figure at other countries stating that "the crisis was not originated n Europe".

The debt has to be sorted or it could lead to the "single risk for the world economy". While Mr Samaras of the new democracy party newly elected in Greece call for terms of the bailout to be amended Angela Merkel the German Chancellor appeared to dismiss the idea .

David Cameron urged the Eurozone leaders to sort out the problems quickly. Small businesses, investors, and the banking system will all suffer if the Eurozone leaders don't get their act together said Graham Hearsey CEO of Professional Insurance Agents Ltd a leading financial lines broker in the UK and Europe other leading business leader said "all very well hosting a G20 meeting, but would leaders should stop playing with the Euro crisis and act now, that's what they were elected to do".

Todays Insurance Update - 18th June 2012

- Micro and SME businesses targeted by major Insurance companies, by offering direct cover and via B2B Systems, AXA, NIG, Aviva, Markel, RSA and many other insurance now can offer both B2C & B2B systems.

- Many brokers who operate in the SME areas also offer online multiquote facilities with companies like Willis, Towergate and Professional Insurance Agents Ltd, who offer Commercial Insurances such as Professional Indemnity Insurance, Public Liability and Directors and Officers Insurance.

- Hiscox offers a new Professional Indemnity Product focused on green type consultants and business involved with garden design training and coaching on health and safety.

Today's Insurance News - 12th June 2012

1) The recent rain fall and flooding in the UK will cost insurers significant costs and rate increases and covers may well be reviewed according to Deloitte Insurance Boss.

2) SSP appoint new chairman Nick Discombe bringing his worldwide experience in the technology businesses.

3) Professional Insurance Agents Ltd , C.E.O. Graham Hearsey in talks with several London market insurers about offering Professional Indemnity Insurance and Directors & Officers Insurance to their Dutch broker partnership.

4) Over one third of corporate companies do not seem to have any terrorism cover.

5) Simple Insurance Acquired by Direct Group. The simple insurance company supplied landlord and caravan insurances and travel covers mainly from the internet.

Todays Insurance News - 8th June 2012

- Steve Hardy steps away from his role as CEO of AXA personal lines.

- Mamo Greco CEO of Zurich Insurance Group general insurance has returned to Italy to take up a role as CEO at Generali Group.

- Settlement with Covea after the sacking of the Swinton former executive team.

- Professional Insurance Agents Ltd CEO Graham Hearsey seals new deal with professional indemnity insurers to supply cover for sole traders and smaller solicitors.

News Insurance

- Equity redstar may still struggle to attract buyers, IAG put up parts of its business for sale, Barnett & Barnett and NBJ who could attract interest from consolidators. Equity red stars down fall was multiple claims underwriting losses by bodily injury claims.

- Complaints to the FOS Financial Ombudsman Services over vehicle insurance has gone up by 26%. The FOS put the blame on insurance companies not choosing to offer clients early settlement.

- Solvency II compliance is unlikely to be met within deadlines accordingly to over 50%

- QBE still making loss in its largest division despite positive results in other areas of the company.


- Professional Insurance Agents Ltd senior director Ellie Hearsey and Kelly Fyfe meet with international brokers in London this week to start talks about supplying their online Quote & Buy system in Brazil and Portugal.

Professional Insurance Agents Limited

Professional Insurance Agents Ltd launches its online Quote & Buy software in Italy via a partnership with Golinucci srl a leading Commercial Insurance Broker.

The system was developed in the UK for mainly financial lines products such as Professional Indemnity Insurance and Directors and Officers Insurance.

Graham Hearsey CEO of PIA said that we delighted to have been working with our Italian Partners in this very exciting development, and hopefully more products will come onto the system in Italy shortly.

We are also looking for London Market suppliers to offer terms via our system in Italy.

Rebekah Brooks Charged

Both Brooks and her husband have been charged with perverting the course of justice based on the phone hacking inquiry, other staff at the closed news of world and news international security have also been charged.

There are also 40 other people who still remain on police bail. Mrs Brooks will appear before Westminster magistrates Court on the 13th June charged with offences ranging from hiding documents and computers fro the police.

As this is now a criminal investigation it may well be that a Directors & Officers Insurance policy will be called upon should it exist and if it extended to cover criminal prosecution.

Financial Lines brokers, Professional Insurance Agents Ltd spokes person said "the brokers and insurance company that will be looking after any claims on this case will need deep pockets for both legal costs and any damages awarded assuming a Directors & Officers Insurance policy existed!

Rebekah Brook & Her Husband May Face Charges

Rebekah Brooks and her husband may face charges today of perverting the course of justice. The results of whether they will be made public, there are others who may also face these charges over the phone hacking scandal.

Mrs Brooks recently appeared before the Leveson inquiry into the media ethics.

If criminal or civil charges are brought this may bring into play any Directors & Officers Insurance policies that the papers Mrs brooks worked for at the time held, and if the insurance company had been notified. The policy could help pay for any defence and or damages awarded.

France to Swear in President

Francois Hollande is to be taking up his positions France's new President and will be sworn in before visiting Berlin to discuss the Eurozone crisis.

Hollande is unlikely to have many days of grace as the problems in the Eurozone mount on a daily basis. Although the new president of France he's asked his people to be calm and show unity.

France's own economic problem are in themselves very difficult with almost no growth and high in employment.

Rebekah Brooks to Appear Before Leveson Inquiry Today

The x CEO of news international Rebekah Brooks is to give evidence today at the Leveson inquiry.

Mrs Brooks was arrested about the phone hacking allegations and on conspiracy to pervert the course of justice.

The question will almost certainly ask Mrs Brooks to explain her close relationship with prime minister David Cameron and his peers. This may focus about the apparent texts from Cameron offering his sympathy is to her having to resign.

Further revealing of information about Mrs Brooks involvement must not prejudice the police investigation or any future trials.

Whether this then leads to more claims against Directors and Officers Insurance remains to be seen. Karler Mears MD of Professional Insurance Agents Ltd a specialist broker in the field of Financial Lines Insurances, states that "it, maybe that if these type of policies are in force they may well be called upon to defend allegations against directors and senior staff.

JP Morgan Announce Trading Losses On Investments

Bank again in the spot light as JP Morgan chase declares around £1.2bn losses on a series of Complex investments.
Share fell to 6% after this information became public.

After USA banks ciligroup, Bank of America, and Goldman Sacks, also suffered heavy losses.

Is this a case of here we go again the Volcker rule, that was brought into try and stop certain types of trading, would not have stopped JP Morgan's losses according to Mr Dimon their CEO.

The Queens Speech

The Queen yesterday included plans to re-build Britain.

Including things such as the break up on banks, flexible parental leave and exampling the UK from the euro bailouts with the lords reform taking a back seat while the government focus on cutting the deficient and getting badly needed growth become the top priority.

Missing our of the speech were things like unemployment of our young people. Ed Miliband comment were that millions of people who don't thing the government is on their side leaving "no change and no hope".

The Queens Speech

The government may well announce via the Queen's speech that it will push ahead with the house of lords reform.

The plans backed by the Lib Dems to create elected peers, could a topic other areas that maybe mentioned is the breaking of banks and rules on executive pay.

The prime minister David Cameron said the Lords reform was "a perfectly sensible reform for parliament to consider".

Retails Sales Down

The wet weather has been blamed for the poor retail sales in April, which fell by 3.3%  with footwear being hit the hardest.

The rain fall in April past previous records set in 2000 and recorded 120.3mm and temperatures were the lowest in 23 years.

Eurozone Back on Defense

It looks like the markets and investors continue to be concerned about the French and Greek election results with Nicolas Sarkozy voted out and Francois Hollande now the new president- elect, know by his supporters as "Mr Normal".

Unlike Sarkozy who lived the champagne life style, Hollande who is known to like diet coke rather than fine wines.

The here though is how will he be seen on the world stage? Will it be good for trade and business around the world..

More flooding expected due to climate change in UK will lead to more insurance claims

The environment department have published a report which shows that flooding is now the greatest risk to the UK due to climate changes. Between 1.7 and 3.6 million people are expected to be at risk of flooding by 2050.

The report states that our homes and offices are at risk of flooding damage and also damage cause by overheating.

The financial damage caused by flooding is set to drastically increase in the next 10 years with increased damage to homes having a knock on effect on home insurance, office insurance and property owners insurance  premiums.

Currently there is an agreement between the Association of British Insurers and the Government which means that the Insurers have to offer flood insurance to homes and businesses where there is a significant risk of flooding, however this agreement is due to end in July 2013. There is a sense of urgency for the Government to reach an agreement with the Insurance Industry, including budgeting for better flood defences.