Broker
Aon seeking buyer for Footman James
Aon-owned classic car and motorcycle broker Footman James is understood to be up for sale, according to sources close to the matter.
Biba urges FCA to leave brokers out of complaints review and focus on insurers
DLG, Aviva and Allianz are top three GI firms in terms of number of complaints
Reinsurers demand greater decision-making powers as wreck removal costs soar
Munich Re is calling for reinsurers to have more say in decisions relating to marine salvage and wreck-removal operations against the backdrop of increased politicisation and escalating costs surrounding the Costa Concordia cruise liner wreck.
Two men admit to laundering proceeds
Two men have pleaded guilty to laundering the proceeds of a nationwide motor insurance scam, which amassed over £5000 000.
Interview: Julian James: Creating an Allied World
Six months into his role as president of Allied World Europe, Julian James is targeting new lines and new regions as he plans to build a bigger and stronger business
Keelan Westall launches non-standard property broker team
Wholesale property broker Keelan Westall has unveiled a new non-standard broking team.
Capita puts insurance business up for sale
Outsourcing specialist Capita is preparing to offload its direct to customer insurance businesses following disappointing performance in the division, Post understands.
Three GI players in the frame as FCA launches complaints handling review
Three general insurance firms are implicated in the Financial Conduct Authority's latest thematic review into complaints handling at major firms.
FCA reveals it has never used private investigators
The Financial Conduct Authority has revealed it has never used private investigators.
RSA launches broker trading site
RSA yesterday launched its first broker trading site in Redhill, designed to give its most valued brokers the flexibility of trading face-to-face for complex risks.
Defra outlines draft flood insurance clauses
The Department for Environment, Food and Rural Affairs has opened a consultation into the draft flood insurance clauses of the Water Bill.
Belmont Regency MD pays tribute to founder killed in plane crash
One of the founding directors of Derby-based financial advisor and broking business Belmont Regency was killed alongside his wife in a plane crash off the coast of Jersey this week.
UK heatwave sparks rise in fraudulent cancellation claims
The summer heatwave has been blamed for a rise in the number of fraudulent cancellation claims by travel insurance policyholders, according counter fraud services provider VFM Services.
Gallagher targeting top three UK retail berth after Giles deal
The £223m purchase of Giles by US broker Arthur J Gallagher will convert the latter into one of the UK’s largest regional retail brokers according to UK commercial director Janice Deakin.
Gallagher to complete £233m Giles deal
Gallagher will snap up independent broker Giles for £233m in cash, in a deal expected to close in October.
Post magazine – 5 September 2013
This week's issue of Post is now available to subscribers.
Willis expands financial solutions division in Hong Kong
Willis has appointed Les Collett to establish a financial solutions office in Hong Kong starting 1 October.
Penny Black's Insurance Week - 5 September 2013
Just when Penny thought she’d heard it all when it comes to amusing claims, a loss adjuster invited her to consider a new concept: contaminated compost.
MDS recruits Vinhas as deputy manager in Portugal
MDS Group has strengthened its Portuguese management team with the appointment of Mario Vinhas as deputy country manager.
Your say: Give brokers greater autonomy
Regulation is a good thing, but it must be proportionate and appropriate.
View from the Top: Rising to the regulation challenge
Insurers can mitigate the uncertainty caused by increased red tape by focusing on consistency, says Vince Cellerini.
Editor's comment: Failing to make the grade
As a new school year starts and uniforms are bought and labelled and school bags are packed, many pupils are hoping they can achieve great things and get good reports.
Fears unrated carriers will win out as Law Society cover fails to deliver
Brokers have criticised the Law Society’s direct solicitors’ professional indemnity offering for failing to help specialist firms, with some concerned that more than 1000 legal practices could be forced to access unrated markets.
Aldermanbury successor unclear as some insurers struggle to meet its terms
Taskforce behind declaration yet to discuss its direction beyond end of 2013