Broker
Post magazine - 28 June 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Commercial Property: Too little, too late
Property underinsurance creates a real headache for insurers and their clients, often not discovered until a claim is made. So, where does the buck stop for accurate valuations?
Former Indie deputy MD Condon passes away
The former Independent Insurance deputy managing director Philip Condon, pictured right, passed away at the weekend aged 63.
Go Compare annual profit rises 15%
Go Compare's pre-tax profit increased 15% year on year to £34.7m in 2011, while turnover rose to £108.9m (2010: £101.5m).
RK Harrison secures £30m bank facility
RK Harrison Group has secured a £30m refinancing deal with Clydesdale Bank and Royal Bank of Scotland.
PE interest to shake up motor insurance market
Growing interest in motor insurance from private equity firms is likely to increase dynamism in the sector, according to Ernst & Young.
3i reaffirms Hyperion commitment amid rumours of cut-backs
Hyperion private equity backer 3i has brushed aside suggestions that it may abandon the international insurance intermediary group, following rumours of cost-cutting at the firm.
Biba web hits double for motor and travel signposting service
The number of website hits for the British Insurance Brokers' Association signposting service for motor and travel insurance has more than doubled in the two months since the site was launched.
European Commissioner calls for 'proportionate approach' ahead of IMD II
European Commissioner Michel Barnier has told the European Federation of Insurance and Financial Intermediaries he wants a "proportionate approach" ahead of the publication of the revised Insurance Mediation Directive.
Barnier assures brokers IMD regulation will be 'proportionate'
European Commissioner Michel Barnier has said the revision of the Insurance Mediation Directive is "an important step in restoring consumer confidence in the financial sector".
Law Commission publishes latest commercial consultation paper
The Law Commission has published its latest insurance contract law consultation paper today, ahead of plans to present final recommendations to parliament next year.
FXB: Groupama downgrade does not reflect UK profitability
Groupama Insurances chief executive François-Xavier Boisseau, pictured, has defended the strength of the "ring-fenced" UK business and claimed that "good progress" towards a sale is being made, after the group's security rating was downgraded.
Towergate eyes extended regional footprint following Dorset buy
Towergate has made its 10th acquisition of the year after agreeing a deal with Dorset-based Harry Fort Insurance Brokers.
Weekend flooding in northern England sparks EA warning
Record levels of rainfall in northern England over the weekend led to 450 people being evacuated after the river Derwent burst its banks and submerged a Keswick campsite.
BMS appointment signals US MGA growth plan
BMS Group has appointed delegated authority underwriter Gene Hinman to establish a US managing general agent platform.
Aviva confirms Stewart for Scotland sales manager role
Aviva has poached RSA's Scotland and Northern Ireland sales manager, Sandra Stewart.
Ex-Swinton CEO Halpin eyes imminent market return
Former Swinton chief executive Peter Halpin has announced that he expects to plunge back into the market in the coming months alongside two former executive board colleagues.
Cobra takeover deadline extended for fifth time
The Cobra takeover deadline has been extended for the fifth time, as chief executive Stephen Burrows continues to push through a deal.
Aviva's relationship with Willis Networks tipped to be under review
Aviva is reviewing its partnership with Willis Networks, Post understands.
Endsleigh ties up IBM web analytics deal
Endsleigh bosses hope to improve the completion rate of online insurance applications after signing up to IBM's Coremetrics Web Analytics.
MGAs need to focus on EL and PL changes, BLM urges
Managing general agents have been urged to consider the implications of changes in costs regimes and processes for handling employers' liability and public liability claims, due to be implemented in 2013.
NIG introduces underwriting manager for Scotland
NIG has vowed to further strengthen its proposition in Scotland following the appointment of Neil Bowen as area underwriting manager.
Howden nabs Friedl for North American P&C division
Howden Broking Group has appointed Richard Friedl to its US property and casualty division as managing director and head of business development.
Hastings Direct signs £10m document deal with Banner
Hastings Direct has awarded a £10m document management deal to Banner Managed Communication following a tender process.