Broker
L&G targets HNW customers with new home insurance product
Legal & General has followed up on its vow to expand the range of personal lines products it offers, by launching a bespoke product designed for customers in the mid and high net worth market.
JBA enters flood debate with new model launch
JBA Risk Management has joined the UK insurance industry flood debate after releasing a new model of the built environment designed to help property owners better understand the risks to homes, offices and business premises.
Ecclesiastical CEO Tripp to retire this year
Ecclesiastical chief executive Michael Tripp has announced his intention to retire from his post during the course of 2013.
Covéa boss Street joins Thatcham board
Covéa Insurance has revealed that Barry Street, head of claims engineering services, has joined the Thatcham board of directors.
K&R insurers crank up risk forecast in Africa amid terrorism fears
Kidnap and ransom insurance market experts have claimed that while recent attacks on an Algerian gas installation will have a material impact on underwriting strategy in the region, the local risks were already well understood.
Insurers argue FSCS funding structure to pay into broker pool is 'unreasonable'
The British Insurance Brokers' Association has condemned plans to revise the funding structure of the Financial Services Compensation Scheme, arguing that the charges faced by insurance brokers remain "unacceptably high".
Premium Credit CEO aims for 16% broker penetration in next 12 months
Premium Credit chief executive Andrew Doman has outlined his strategy to double broker penetration in 2013.
View from the top: This eternal quest is fruitless
Commoditisation has become something of a holy grail in the insurance market over the past decade. The shift from competition based on product and service feature differentiation, as well as perceived value, to one of undifferentiated price comparison…
Market moves: Busy week for insurers sees sector take on seven new recruits
Following a week of broker domination in recruitment, insurers have battled back in a big way with no fewer than seven headline hires at companies ranging from agricultural insurer Rural to Lloyd's syndicate Aegis London.
Biba welcomes Cameron referendum promise
The British Insurance Brokers' Association has backed a guarantee from Prime Minister David Cameron to hold an 'in/out' referendum on the European Union by the end of 2017.
Towergate Midlands MD departs in regional reshuffle
Towergate has restructured the leadership of its Midlands operations, with regional managing director Paul Watts departing the business alongside other changes.
Burns made senior partner at Clyde & Co
Clyde & Co has appointed James Burns as the latest senior partner following an uncontested election.
South Korea, Turkey, Indonesia and Mexico next economic "juggernauts," claims Willis
Preparing for a new wave of emerging markets is one of the key risks businesses face over the next 12 months according to broker Willis.
Post magazine - 24 January 2013
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Insurers hit back at accusations of stricter policies on claims payouts
Tensions have erupted between the broker and insurer trade bodies after the British Insurance Brokers' Association took to breakfast television to air members' complaints about insurer policies on paying claims.
Weather and emerging markets key 2013 risks, warns Willis
Extreme weather and a new generation of emerging markets are among a new list of risks faced by businesses over the next 12 months identified by Willis.
Hyperion future acquisitions not dependent on IPO 'stepping stone'
Hyperion's future growth is not reliant on realising its ambitions to launch an initial public offering, according to management, which has confirmed that these plans could be on hold until next year.
Second phase of Aviva 'diet' to target cash generation
The second phase of the Aviva restructuring process will put the 'slimmed down' insurer on a fitness regime with a view to generating more cash, according to analysis carried out by Investec.
AML targets restaurants with new policy
AML Underwriting has launched a policy aimed at restaurants and similar establishments.
Revenues rise 42% at Hyperion
Hyperion has seen total group revenues reach £111m for the year ending 30 September 2012, up 42% from last year's equivalent of £78m.
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Aon revisits bonus payout decision
Insurance broker Aon is considering backtracking on an offer to delay payment of employee bonuses until the start of the new tax year, according to reports.
Lonmar hires Towergate MD
Lonmar Global Risks has recruited former Towergate MD Martin Hughes to support its growing presence in the UK broker and MGA market.
Broker success stories should inspire change
Firms should take inspiration from the brokers and carriers that have modernised and are exploiting a formula for business success when looking to benefit from new opportunities in 2013, according to Sequel.