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.