The British Insurance Brokers' Association is warning that Europe could force mandatory commission disclosure on brokers by 2019.

The Chartered Insurance Institute has published its Annual Review for 2011, showing a 6% rise in membership and an operating surplus of £1.85m, more than double last year's £0.764m

Swiss Re has reported "strong underwriting, good investment performance and lower than-expected major natural catastrophe claims" for a "very strong first-quarter" net income of $1.1bn compared to a loss of $665m for Q1 2011.

Lloyds Bank has announced that its payment protection insurance misselling has cost it a further £375m.

Insurers handed over £2.4bn in insurance premium tax in the year 2010/11, a rise of more than 6% on the previous year (£2.253bn), government figures reveal.

Aviva has bowed to public pressure and toned down its Downtown Abbey motorcycle crash victim ads.