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.