Broker
Industry expresses surprise as FSA probes use of private investigators
The Financial Services Authority has launched an investigation into insurance firms’ use of private investigators after becoming suspicious they are being deployed as a “tactical tool” to slash valid claims payments.
Market Moves: Brokers bring in more new recruits with JLT, Marsh and Willis welcoming fresh faces
Brokers Marsh, Willis and JLT dominated the broking space this week with a raft of new appointments. Marsh created a new corporate division, JLT added three new staff to its financial institutions team and Willis recruited chief executives for its…
Improving Underwriting: Driving Profits
Can a more sophisticated approach to underwriting help motor insurers finally turn a profit?
Ex-Broker Network boss Gladwell joins Paymentshield
Paymentshield has appointed Lee Gladwell as interim proposition director, with the move coming as the insurance provider prepares for a number of strategic developments in 2013.
Mass warns against red tape resulting from medical panels
The Motor Accident Solicitors Society has backed in principle proposals put forward by the Association of British Insurers calling for accredited medical experts to assess whiplash injuries.
Zurich claims boss champions further RTA fixed cost reductions
Zurich’s casualty claims director believes reduced fixed recoverable costs for the Road Traffic Accident scheme could potentially be halved if a further consultation was to be given the go ahead.
Ten Insurance starts search for new chairman
Independent commercial broker network Ten Insurance is soon to start discussions to replace recently retired David Pearce, who has left his role as non-executive chairman.
Lockton expands Manchester wholesale team
Lockton has boosted its Manchester-based Lloyd's London market wholesale unit with the appointment of Greg Sands an experienced as business development executive.
Westinsure boss Erwin mulling over appeal on 20% tax ruling
Westinure is considering an appeal against a ruling upheld by the First-tier Tribunal stating that broker networks that provide better deals via larger insurers must charge members full UK VAT at 20%.
Cross-border acquisitions drive demand for transactional risk insurance
Global demand for transactional risk insurance grew by 41% last year as firms turned to insurance to protect large deals and cross-border acquisitions and sales, according to Marsh.
Insurance Insight launches Claims Club Asia
Post's sister title Insurance Insight has launched the Claims Club Asia to support claims professionals across Asia.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
FTT ruling triggers 20% tax implications for brokers
Networks that enable broker members to gain access to better terms with larger insurers must charge full UK VAT at 20%, the First-tier Tribunal ruled yesterday.
McManus charged with driving forward business as Giles takes up US role
Giles Insurance executive chairman Chris Giles is to become non-executive directive of Expectrum, the holding company of Giles Insurance and Ink Underwriting.
HIB reaps rewards of Acturis IT tie up
Independent firm Henderson Insurance Brokers has reported business benefits including higher volumes of e-traded business and improved internal efficiencies, after going live on the Acturis system.
Loop Insurance hires Whitham as entertainment boss
Bridge Insurance Brokers is eyeing a period of expansion within is recently launched creative industry division Loop Insurance.
Chase Templeton nets Fish MD for CEO role
Medical insurance intermediary Chase Templeton has recruited the managing director of disability broker Fish Insurance to serve as its new chief executive.
Britannia Rescue secures Nationwide road rescue contract
LV component Britannia Rescue has been appointed by Nationwide Building Society to provide breakdown cover to customers of its newly launched fee paying current account ‘Flex Plus’.
RSA director Sime to quit this summer
RSA sales and strategic relationships director Chris Sime has signalled his intention to leave the firm where he has spent the past 25 years.
Miller’s Clarke retains role as Liiba chair
Miller chief executive Graham Clarke has been re-elected as chairman of the London & International Insurance Brokers’ Association.
Former NIG sales boss Parry in Lothbury deal
NIG’s former UK sales director David has been recruited by independent broker Lothbury in a bid to target regional growth.
Biba and Willis back social media site
Social media platform My Slipcase has signed up members from 342 insurance and reinsurance organisations since it launched nine months ago.
A new chapter for India
With new bancassurance rules for the Indian market expected in August, Neera Bhardwaj asks whether industry stakeholders can reach a consensus, and what the final guidelines are likely to look like.
Spencer warns tough broker action ahead
Aviva UK & Ireland general insurance chief executive Robin Spencer has warned it will have to take some “tough calls” on its broker relationships if the insurer is to reduce its commercial lines combined operating ratio to a sub-100% position in 2013.