Articles by Callum Brodie
Towergate regulatory costs hit £5.4m in Q3 as FCA talks continue
Towergate incurred regulatory costs of £8.8m for the opening nine months of 2015 in relation to the ongoing Financial Conduct Authority investigations.
Mass demands blanket ban on cold calls and texts as CMC review closes
The Motor Accident Solicitors Society has called for an extension of the ban on unsolicited texts and cold calls to both sides of the claimant/defendant divide.
Data, Analytics & Technology Awards 2015: The Winners
Industry technology experts scaled the heights at the Millbank Tower’s Altitude 360 venue yesterday afternoon (19 November) for Post’s Data, Analytics & Technology Awards for Insurance 2015 where the winners toasted their success in the skies.
A-Plan targets acquisitions on back of previous year's growth
High street broker A-Plan has delivered a 9% increase in earnings before interest, taxes, depreciation and amortisation to £24.7m for the year ending 28 February 2015 (FY 2013: £22.7m).
McLarens names Brown CEO as Chalfant becomes exec chair
Global loss adjuster McLarens has unveiled a senior management reshuffle that will see chief operating officer Gary Brown take over as CEO with his predecessor in the role, Vern Chalfant, becoming executive chairman.
AIG UK boss McNamee to exit amid $500m cost-cutting drive
AIG UK managing director Jaqueline McNamee is to depart the insurer amid a swingeing cost-cutting initiative that could impact up to 400 senior executives globally.
Guernsey Finance selects new chairman as Gilligan retires
The board of Guernsey Finance has appointed Lyndon Trott as its chairman following Jim Gilligan's decision to step down from the role.
Underwriting Service Awards 2015: The Winners
The great and the good of the underwriting service community descended upon the Royal Garden Hotel last night (18 November) for Post’s annual awards bash.
ATL plots energy market gains after swooping for JLT team
Independent Lloyd’s broker ATL Marine & Energy has appointed a senior team of specialist energy brokers from JLT in a bid to drive the growth of its energy account in Europe and Latin America.
Career File: Duncan Rutter: DAC Beachcroft partner becomes Foil president
DAC Beachcroft partner Duncan Rutter has vowed to maintain access to justice and improve the claims process after becoming the 20th president of the Forum of Insurance Lawyers.
Market Moves - 19 November 2015
All the movers and shakers in the insurance industry
Ifed investigation leads to 18 month jail sentence for Southampton con man
A Southampton man who claimed £25,000 on insurance after creating fake invoices for items that he alleged had been stolen during a burglary at his home has been jailed for 18 months.
First 4 Lawyers fears 'unintended consequences' of CMC regulation
The Ministry of Justice must focus on claims management companies in the financial products market in its review of CMC regulation and not impinge on the wider claims management sector, according to First 4 Lawyers.
Rutter to fight rising court fees after becoming twentieth Foil president
DAC Beachcroft partner Duncan Rutter has vowed to maintain access to justice and improve the claims process after today (12 November) becoming the twentieth president of the Forum of Insurance Lawyers.
Beazley chalks up 6% premium growth in opening nine months
Beazley CEO Andrew Horton has heralded his firm’s strategy of targeting attractive opportunities in a highly competitive market after delivering premium growth of 6% to $1.64bn (£1.08bn) in the first nine months of 2015.
GB Underwriting snaps up UK property book from Kay International
GB Underwriting has acquired Kay International’s portfolio of UK property business in a deal that is billed as a “significant enhancement” to the independent managing general underwriter’s properties insurance capabilities.
Keychoice unveils new leadership team amid growth plans
SSP’s distribution business Keychoice has recruited staff from BGL Group, Marsh and Swinton to form a new team as it launches the next phase of its growth and evolution plan.
Novae CEO Fosh confident for Q4 despite softening market
Novae Group CEO Matthew Fosh believes the specialist Lloyd’s player is “well positioned” for the final quarter, despite a softening rating environment, after achieving a 20.3% uptick in gross written premiums over the opening nine months of 2015.
RAC to provide breakdown products to Eldon policyholders
Eldon Insurance has teamed up with the RAC in a partnership deal that will see the latter provide a range of breakdown products to Eldon policyholders.
Esure GWP rises 5% at nine month stage as rating actions bed in
Positive rating actions and footprint expansion in home and motor lines of business have seen Esure increase gross written premium by 5% to £430.5m in the first nine months of 2015 (9M 2014 £410m).
European Windstorm Hazard Maps unveiled by Met Office
The Met Office has launched its European Windstorm Hazard Maps to show the location and severity of damaging winds for a variety of return periods at high resolution.
Crawford to cut up to $28m from expense base in additional restructure
Crawford and Company is seeking to reduce its dependence on severe weather claims by embarking on an additional restructuring plan designed to remove $25m (£16.6m) to $28m from the company’s expense base.
Dye predicts 2016 private motor turnaround as Allianz UK profits slide
Allianz UK has seen a slight deterioration in its combined operating ratio and a £14.4m drop in profits for the third quarter of 2015 despite a 2.7% increase in gross written premiums over the past 12 months.
Aviva personal lines MD Treloar to take over from O'Roarke at LV
LV has appointed Aviva personal lines managing director Steve Treloar as John O’Roarke’s successor as MD for general insurance.