Broker
Russian Round-up: Motor woes
Why are Russian insurers angry about changes to motor insurance legislation? Paul Koshik explains.
Post magazine – 7 March 2013
In this week's Post, analysts have cast doubt on the Co-Operative Bank’s ability to offload its general insurance business. Sources have suggested any plans to sell its general insurance business could be challenging after a Financial Times report…
Direct Fleet eyes expansion with new role creation
Direct Fleet Insurance has today appointed Joanne Cassidy to the newly created role of renewals manager as part of its expansion strategy to grow its broker and insurer partnerships.
Career development: Stress due to poor economic climate takes its toll on Britain’s SMEs
Stress had a noticeable impact on businesses in 2012, according to more than two-fifths (42%) of senior managers from small and medium-sized businesses surveyed for Zurich’s latest quarterly SME Risk Index.
News review: British insurance staff could lose jobs
Staff at mortgage payment protection insurance provider British Insurance has been put on redundancy notice by the firm's parent company Towergate Insurance.
Digital Insurance Strategies: Mobile strategy vital as smartphone use increases
Google finance industry head Jo Hind has insisted that firms’ social media strategies must be handled at board level to ensure they becomes part of the corporate culture.
Digital Insurance Strategies: Online insurance fails to take off for SMEs as customers are ‘not quite ready’
Take-up of online insurance remains stunted among small and medium-sized enterprises, according to a panel of speakers at Post’s Digital Insurance Strategies conference.
Digital Insurance Strategies: Bennetts reaps the benefits after setting up its own social media site
Insurance firms must embrace social media sites such as Facebook and Twitter as a means of “getting in front of” and engaging with customers – but they are no match for setting up a social media site of one’s own.
View from the Top: Because we’re worth it
Forget the naysayers, brokers play a crucial role in the relationship between insurers and policyholders, says David Ross.
View from the Top: There may be trouble ahead
A catalogue of natural disasters in recent times have been pushing our industry’s bottle to the brink, says Peter Hubbard.
Market Moves: Ex-pro footballer among notable new recruits in busy week across industry
The past week produced an even recruitment spread across the industry, with the usual flurry of hires within the broking sector headed by two regional appointments at Bluefin. These were complemented by additions at firms representing the loss adjusting,…
FSCS: Off the hook
Changes to the Financial Services Compensation Scheme ahead of the introduction of twin peak regulation have angered brokers, but should insurers be held more accountable?
High Net Worth: Rich Pickings
With an increase in providers of high net worth insurance in recent years, wealthy customers have plenty to choose from. What can firms do to stand out from the crowd?
Cooper Gay poaches JLT professional risks specialist
Independent broker Cooper Gay has appointed Graham Dick as a director of its professional risks division.
Cooper Gay targeting UK, Europe and offshore financial institutions with JLT hire
Insurance and reinsurance broker Cooper Gay has swooped to recruit JLT's Graham Dick.
JLT could sell geopolitical cover in ME and Africa
JLT chief executive Dominic Burke said the broker plans further geographical expansion, after its 2012 profits were boosted by strong performance in emerging markets.
JLT posts 7% revenue increase in 2012
British broker JLT posted revenues of £880.1m (€1,018.7m) for the full year 2012.
L&G general insurance profit falls to £30m
Legal & General's operating profit increased to £1.09bn (2011: £1.05bn) while operating profit from divisions - excluding capital and financing and investment projects - rose to £1.12bn (2011: £1.06bn).
Aegis London recruits Aon broker for energy practice
Lloyd’s insurer Aegis London has swooped to recruit an Aon energy broker to serve as an energy exploration and production property underwriter.
Keelan Westall aims to increase e-trading brokers by a third
Keelan Westall aims to increase the number of brokers trading on its e-trading platform from the current level of 400 to 600 by the end of the year.
JLT increases revenue by 7% and unveils new transformation programme
JLT increased revenue to £880.1m in 2012 with 7% coming from organic growth and 1% through acquisitions. This was offset by 1% foreign exchange movements compared to 2011.
FSKTN urges action on gender diversity
The Financial Services Knowledge Transfer Network has called for the implementation of new measures to tackle the gender inequality among top companies.
Willis announces regional CEO succession plans
Willis has appointed its construction, property and casualty chief executive as the new regional head for central and eastern Europe, Middle East and Africa.
Willis promotes Wemyss as Pickering exits
Tony Wemyss will become broker Willis's regional CEO of the group's Central and Eastern Europe, Middle East and Africa operations from 1 April.