Broker
Willis reports $446m 2012 net loss
Willis group has posted a total net loss of $446m for the year ending December 31 2012, a significant swing on last year’s result of $203m profits, alongside plans to cut 200 jobs.
Bluefin axes London sales team
Bluefin has made its London sales team redundant, cutting four roles, according to Post's sister publication Insurance Age.
Moors-led management team completes Bollington MBO
The Bollington Group management team has this afternoon confirmed an agreement to buy a majority share in the firm.
Hyperion looks to align global operations following Bloomer appointment
Hyperion has appointed former head of UK litigation at RSA Will Bloomer as general counsel and chief risk officer, as the group seeks to align its worldwide legal, risk management and compliance functions.
NMB confirms Cooper Gay acquisition talks
Energy broker Newman Martin Buchan has confirmed that it is in exclusive negotiations over a potential acquisition by Cooper Gay Swett & Crawford.
Giles adds five brokers to network arm
Five brokers have joined Ink Underwriting's new network proposition, Compass Broker Services, so far this month.
Pothole claims double in January
The number of insurance claims for pothole-related damage to cars more than doubled in January to 1000, compared with the same month last year, according to estimations by AA Insurance.
Gadget and pet cover more popular than income protection
Pets and gadgets are a higher priority than income protection insurance according to a survey from broker Drewberry Insurance’s annual health and protection insurance survey.
Assurant director joins competitor as MD
The Source has appointed Assurant Intermediary's former sales & marketing director Kevin Paterson as its new managing director.
RFIB boss looks to the future after overseeing 9% turnover growth
International Lloyd’s broker RFIB Holdings chief executive Jonathan Turnball believes a 9% increase in group turnover to £47.5m last year will serve as a launch pad for further growth in 2013.
French consumers least likely to go online for insurance purchases
Online comparison sites are the fastest growing distribution channel for motor and household insurance in Europe, according to Finaccord.
Lexis Nexis expecting widespread interest in no claims database
Software firm Lexis Nexis are expecting to receive the first two contributions towards its ‘No Claims Database’ this month from insurers.
To re-joins JLT Re to head reinsurance in China and HK
Henry To has returned to JLT Reinsurance Brokers as chairman and chief executive officer of its reinsurance operations in China and Hong Kong.
Optimism stalls as hopes for recovery fade
Eight-seven percent of businesses do not expect the economy to recover within the next two years, according to research by QBE.
Ten backs chartered plans with training hire
Independent broker network Ten Insurance has appointed a training manager in its bid to receive chartered status.
Senior US casualty reinsurance duo joins Towers Watson
Mark Higgins and Fraser Howard will Towers Watson from Aon Benfield, in a move that seeks to cement the firm’s position in the US casualty treaty reinsurance broking in the London Market.
Brightside rebrands as One Insurance Solution
Insurance broker Brightside Group has amalgamated a number of brands under the name One Insurance Solution.
Happy Year of the Snake
China is a place where feng shui masters are taken seriously. They are all over the newspapers at the moment declaring what the Year of the Snake will mean for the stockmarket and your love life.
Catlin strategy results in growing non-UK GWP contribution in 2012
Catlin recorded a 12.6% improvement in its combined operating ratio for 2012, in a year in which 49% of the firm’s total annual gross written premium of $4.97bn (£3.16bn) was produced by non-London/UK hubs.
Lockton expands in Australia
Lockton has expanded in Australia with the purchase of Melbourne-based niche insurance broker Strategic Insurance & Risk Solutions.
"On request" system better for GI says Bernardino
A shift towards mandatory commission disclosure for Europe’s general insurance intermediaries is unnecessary, according to the head of the European Insurance and Occupational Pensions Authority.
RFIB launches Bellarmine rebrand
Broker RFIB is to rebrand its RFIB Specialist Risks business as Bellarmine.
CMC closed and two fraudsters behind bars following IFB investigation
A claims management company has been shut down and two fraudsters jailed after the Insurance Fraud Bureau and Metropolitan Police exposed a ‘crash for cash’ fraud ring worth potentially millions of pounds.
Middle East Insurance Forum: Diversified distribution essential for Middle East insurers
Insurers in the Middle East need to diversify their distribution networks in response to changing consumer behaviour, according to industry specialists at the Middle East Insurance Forum.