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Insurance Age Magazine
Broking,Claims,Legal

• Founder steps down as regulator hits Quinn with £2.56m fine
  Sean Quinn senior, the founder and chairman of Quinn Insurance, has been fined £2.56m (€3.25m) by the Irish financial regulator. ...
• Insurance Age on-air news review
  Reporter Jessica Pothering provides a rundown of the main broker stories this week: Zurich takes decision to redomicile; Brit announces third quarter results; and Financial Services Authority bans rouge broker. ...
• Rising construction costs could put insurance on back burner
  The insurance industry has been warned that rising construction costs could lead to clients challenging the cost of their insurance. ...
• One quarter of UK drivers admit to fronting
  According to a YouGov survey commissioned by Comparethemarket.com, a quarter of people in the UK admit lowering their car insurance by 'fronting'. ...
• FSA bans Lancashire broker
  The Financial Services Authority (FSA) has banned Lancashire broker Neil McKay after finding that he cancelled contracts of insurance without customers’ knowledge or approval and failed to pass premium payments taken from customers on to other intermediaries or insurers as required. ...
• Asplin lands LEI association role
  The CEO of DAS Legal Expenses Insurance, Paul Asplin, has been appointed as the new vice president of RIAD, the International Association of Legal Expenses Insurers. ...
• New FSJ chief appointed
  Cooper Gay has announced the appointment of Chris Butcher as managing director of FSJ Broking, its UK wholesale broking business. ...
• Aon moves into renewable energy
  Aon has launched a renewable energy practice, within Aon Natural Resources. ...
• Brit COO to step down
  Brit Insurance Holdings has announced that Kathy Lisson, COO, will step down from the Board at next year's AGM on 12 May 2009. ...
• Decline in daylight causes 5% increase in vehicle accident claims
  Van and business car drivers will face one of the most treacherous times of the year for road traffic accidents this week, according to new figures from More Than Business. ...
• Confused.com adds new partner to home insurance panel
  Confused.com has added Protectyourbubble.com to its home insurance panel. ...
• Former AMG director sets up new operation
  A new liability adjusting business called Delta Claims Services has been set up and will be operating as of the beginning of next month. ...
• BGL rises on Britain’s 250 Largest
  The BGL Group has been ranked one of the largest mid-market private companies in Britain, according to the latest Sunday Times HSBC Top Track 250 league table. The company placed 175 on the list, up 54 places from the previous year. ...
• Brit reports rise in GWP
  Brit Insurance has announced that gross written premiums for the first nine months of the year to end-September rose 10.5% to £1.12bn from just over £1bn a year earlier. ...
• Synergy enters HNW market
  Synergy Insurance Services has moved into the high net worth (HNW) sector with its Synergy Private Clients product. ...