Insurance News in Brief

AXA get good results with a turn around on its 63 million losses in 2010. The company reported around £133 profit for 2011.

Large insurance broker Cooper Gay changed name its MGA oliva to 'Globe Underwriting'. The broker is itself is part of the Cooper Gay Swett and Crawford headed up by CEO Toby Esser.

The (FSA) Financial Services Authority is loosing its managing director Margaret Cole the Authority itself will be super seeded by a new regulator in 2013 by 2 new organisations the prudential regulation authority and financial conduct authority.

Public Liability & Employers Liability Insurance Too Cheap

The current problem in the insurance market is the fact that rates for Public & Employers Liability is far too low and at present there seems little chance of the rates hardening commercial insurance rates have been at a all time low for 4-5 years specialist commercial brokers professional insurance agents ltd Director Lynn Hearsey states that in 30 years of trading she has never seen rates pro-rate so low. With products like professional indemnity insurance, directors and officers and public liability sold online this has driven down the pricing.