Broker
Market Moves - 3 April 2014
A round up of who has moved where in the market this week.
C-Suite: Broker: Staff health catching up with safety
Health and safety gets a bad rap at times, and when it does so the focus is nearly always on the safety half of the equation and its regulations.
In Series: Mid-corporate Risks: Taking care of business
From slips and trips to cyber risks, the retail and wholesale sector has a changing risk profile – and insurers are perfectly placed to advise
Gallagher to axe Giles brand in May
Arthur J Gallagher is planning to drop the Giles brand in two months, with the Oval name set to disappear further down the line, commercial director Janice Deakin has told Post.
Gallagher acquires Oval for £199m
Gallagher has completed a deal to acquire Oval for £199m, with Peter Blanc serving as Gallagher’s new chief executive of UK retail.
Bradshaw takes Biba consultancy role
Barbara Bradshaw has moved to a consultancy role at the British Insurance Brokers' Association focusing on member engagement and contributing to the smaller brokers' advisory board.
April Fool’s: No telematics deal in the pipeline for cyclists
While there may be some truth in there being a long-running battle between motorists and cyclists on Britain’s roads – it will not be solved by a telematics offering from a major motor insurer.
Ex-RSA director Wilkinson takes on consultancy role at Perkins Slade
Former RSA mid-market regions director Dan Wilkinson has resurfaced at independent broker Perkins Slade where he will work on a consultancy basis to support delivery of the company’s business development strategy.
Gallagher completes £210m deal for Oval, claims report
The acquisition of Oval by Arthur J Gallagher has been completed with the American firm paying approximately £210m to acquire the Wakefield-based broker, according to reports this morning.
FCA to investigate commercial claims among string of new reviews
The Financial Conduct Authority is to look into the commercial claims market in one of a string of thematic reviews for the general insurance sector announced in its annual business plan today.
EISL director fined by FCA for fraudulent NCD forms
EISL director Philip Eley has been fined £7200 by the Financial Conduct Authority and banned from working in his approved capacity by the regulator.
Colosso first name on Biba advisory board to replace LMRC
Howden chief executive Adrian Colosso will form part of a British Insurance Brokers’ Association advisory board that is being set up to replace the London market region committee.
Ageas and Broker Network sign five-year deal
Independent broker organisation Broker Network has signed a five year strategic partnership deal with insurer Ageas.
Swinton restructures regional network
Swinton Commercial has restructured its regional network splitting it into three new geographical areas and appointing three regional managers.
CII launches introductory broker exam
The Chartered Insurance Institute has unveiled a new certificate level exam as an introductory qualification.
Towergate's Harris joins Tempcover as underwriting director
Short term motor insurance provider Tempcover has hired Towergate’s Neil Harris as underwriting director.
McManus prioritising 'personal ambitions' with AJG departure
Arthur J Gallagher UK retail chief executive Brendan McManus is leaving the organisation to “tackle unfulfilled aspirations elsewhere”.
McManus to leave AJG
Arthur J Gallagher UK chief executive Brendan McManus is to leave the company in January 2015.
Brokers risking regulatory fines due to ‘misunderstanding’ of Bribery Act
Compliance experts issue warning following penalties for Besso, JLT and Aon.
Penny Black’s Insurance Week - 27 March 2014
Penny was happily discussing sporting hobbies with US Risk UK boss Mike Lobb this week, when things took a turn for the sinister.
Marsh's networks division handling over £225m GWP
Marsh’s UK network’s division saw over 25% growth year on year in 2012 and 2013 and is now handling over £225m gross written premium, delegates at the broker’s networks conference heard today.
Market moves - 27 March 2014
A round up of who has moved where in the market this week.
In Series: Mid-corporate Risks: Taking the risk away
Risk management provides a welcome opportunity for brokers and insurers after years of recession – but they must provide a united front to take full advantage.