Broker
UK brokers must innovate to achieve growth in stagnant market, says Finaccord
The UK general insurance broking sector will struggle to achieve organic growth over the next two years, amid strong competition from alternative sales channels, according to Finaccord.
Towergate shifts London market division to broking arm
Towergate London Market has moved from the consolidator's underwriting arm to the Towergate Insurance Brokers division alongside the formation of a new London region.
News Editor's Comment: Out of the loop
Most business-minded people like to think of themselves as being ‘in the loop’ when it comes to decisions directly impacting their commercial affairs, which is why the recent disconnect between insurance firms and government is likely to feel like…
Young driver IPT exemption unlikely despite positive government talks
Hopes of securing an exemption from the insurance premium tax hike for young drivers are dwindling, despite “constructive” talks between industry figures and the Department for Transport last week.
Giles and Oval integration cost Gallagher $25m in first half of 2015
The combined cost of integrating the Giles and Oval businesses cost Arthur J Gallagher $25m (£16m) in the six-month period ending 30 June 2015.
Gallagher not expecting 'material adverse effect' from FCA review
Arthur J Gallagher is confident a skilled person review by the Financial Conduct Authority will not have a “material adverse effect” on the firm’s results of operations.
Singapore judge dismisses springboard injunctions in broker legal spat
Judge Choo Han Teck has dismissed attempts by JLT to grant two springboard injunctions against Howden, four former JLT employees and recruitment firm Huntington Search.
County Insurance boosts north west footprint with Chester acquisition
County Insurance has acquired broker Chester Insurance Services and expects to complete two further acquisitions this year.
Career development: ECIS given Chartered status
The Chartered Insurance Institute, has awarded ECIS, the employee benefits company for the construction industry the prestigious Chartered Insurance Broker Status.
C-Suite - Broker: Individuals under scrutiny
New senior managers accountability regimes take effect soon, what will this mean for those at the top?
C-Suite - Insurer: The cost of regulation
Is the FCA just profligate or is there more behind the need for the regulator to increase fees?
Marsh completes SME Insurance Services purchase
Marsh has completed its previously agreed acquisition of Leeds-based commercial broker SME Insurance Services.
Aon broking arms sees profits crash by a third to £178m in Q2 2015
Aon Risk Solutions has seen its profits drop by a third in the second quarter of 2015 to $279m (£178m)(Q2 2014: $417m) according to its latest results published today.
Insurance quiz of the week - 31 July 2015
It’s that time to put your knowledge of this week’s insurance news stories to the test – and this time it’s not just for fun. It is serious.
Leung to replace Choi as Hong Kong's insurance government head
John Leung is relocating from Taiwan to start as Hong Kong's commissioner of insurance on 19 August to replace Annie Choi.
Win England vs France rugby tickets by completing the Post quiz
For your chance to win a pair of tickets to the England vs France 2015 QBE International at Twickenham on 15 August complete this week's Post news quiz.
Standfield to leave QBE to join Australia broker group
Post understands Shaun Standfield, QBE's chief underwriting officer for Asia, is to leave the insurer to join an Australian broking group.
Gallagher's broking unit posts 16% increase in pre-tax profits for first half
Arthur J Gallagher’s brokerage unit posted pre-tax profits of $217.6m (£139.2m) in the first six months of 2015, up 16% on the $186.5m posted in the same period in 2014.
Decline in premium prices ‘slowing down', Biba finds
The rate of decline in premiums for individual home and motor insurance is slowing down after three years of reductions, according to the British Insurance Brokers' Association.
Willis's after tax profit falls 4.4% in first half
Global broker Willis had net income of $280m for the six months to 30 June 2015 compared to $293m in the same period last year.
Marsh sees EMEA revenue dip in first half of 2015
Marsh & McLennan Companies, parent company of broking firm Marsh, has posted a slight decrease in revenue for the first six months of 2015.
JLT opens door to staff displaced by Willis-Towers Watson merger
JLT hopes to capitalise on the fallout from the Willis-Towers Watson merger by attracting staff displaced by the deal, according to deputy CEO Mark Drummond Brady.
Refinancing deals in vogue as smaller firms eye their own M&A options
Bank refinancing deals will help small and mid-sized insurance companies remain competitive in the aggressive mergers and acquisitions environment, with further refinancing arrangements expected in the coming months, according to insiders.
Expertise From A-Z: Legislation: Getting in on the act
Legal reforms have formed the backbone of an exciting first half of 2015, with the rest of the year promising a continuation of challenges.