Broker
RSA opens Leicester trading site
RSA opened its eleventh trading site today, in Leicester, where commercial brokers will be able to trade locally with underwriters.
FCA warns on Saffron clone
A group of fraudsters have cloned the website and marketing materials of broker Saffron Insurance, according to a warning from the Financial Conduct Authority.
JLT’s Thistle Insurance makes six appointments
Thistle Insurance Services has made six appointments looking to brokers Oval, Towergate and Giles for its new recruits.
Gable Holdings signs £10m delegated agreement with Aon
Insurer Gable Holdings has entered a £10m delegated underwriting agreement with Aon.
Brokers get behind SRA plan to ban unrated firms from writing solicitors’ PI
Critics argue plan is ‘misconceived’ and would put ‘upward pressure on rates’.
Regulation: Hong Kong's challenge
Hong Kong’s insurance industry is facing a period of regulatory upheaval as the government looks to place the city on a level playing field with other financial centres around the world writes Nicky Burridge.
Post magazine – 23 January 2014
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Green Insurance Group first investment for Minority Venture Partners
Minority Venture Partners has invested in Bexhill-on-sea broker Green Insurance Group.
Biba appoints Flaxmans to claims advocacy role
The British Insurance Brokers Association has named mediator Flaxmans as its preferred provider of claims resolution and advocacy services.
Penny Black's Insurance Week - 23 January 2014
Penny’s prize for most committed mother in insurance this week goes to Zurich’s head of customer service, UK personal lines, Trudi Archer, who spent Saturday night at the hot and sweaty Joiners Arms in Southampton watching five-piece “metalcore band” The…
Telematics policies increased 61% in 18 months, Biba research shows
The number of live telematics policies increased by 116 000 between 2012 and 2013, according to research from the British Insurance Brokers’ Association.
Market Moves - 23 January 2014
Catch up on the movers and shakers in this insurance industry this week.
Apprenticeships: Insurers want you
With the Insurance Growth Action Plan hoping to add momentum to the industry’s drive to attract young talent, what does the future hold for insurance apprenticeships?
Insurer FSCS levy to drop 37% while brokers see £8m increase in 2014/15
The proposed general insurance levy payable to the Financial Services Compensation Scheme in 2014/15 has dropped 37% from the year before, the organisation’s budget shows.
C Suite: Nondisclosure consigned to history
When the concept of duty of disclosure first became enshrined in insurance law the world was a very different place – an underwriter relied entirely on the broker’s presentation and had few alternative sources of information.
Willis' Thomas moving to Singapore
Neil Thomas, executive director, energy, property and casualty claims at Willis is moving to Singapore from London in February to help him concentrate more on Asia.
Ex-DLG regional manager Hughes becomes Bollington director
Bollington has recruited Direct Line Group’s Paul Hughes as director of direct sales, in a bid to expand the broker’s motor trade division.
Hyperion records positive growth but rules out IPO in short-term
Hyperion Insurance Group today reported a 51% increase in revenue for the year ended 30 September 2013 as group chief executive David Howden said an IPO is still firmly on the company’s agenda.
NIG's McCormick heads Barbon management restructure
Barbon has completed a restructure of its leadership, Post can reveal, with NIG's commercial manager Derek McCormick incoming as underwriting director.
Blue Insurances buyout co-founder for almost €10m
Online travel insurance broker Blue Insurances has completed a buyout of one of its founding directors, and shareholder, Rowan Devereux for just under €10m.
Towergate announces management shuffle after retail split
Towergate has today announced three appointments as part of the separation of its retail business announced last October.
LV's Venus promoted to head of broker services
LV Broker has made two new appointments to supports its planned growth in 2014.
Willis UK restructure not aimed at 'cost cutting'
The restructuring of Wills Group’s UK operations is designed to fuel growth and is “not an exercise in cost cutting” according to UK retail head David Martin.
JLT eyes more acquistions in Hong Kong
Following the broker's acquisition of Lambert Brothers, JLT's acquisitive nature could lead to more acquisitions in the SAR according to its Hong Kong managing director.