Broker
Law firms divided over FSA broker action
Eversheds and Beachcroft have responded to the FSA’s record £150 000 fine and ban on five insurance brokers, announced earlier today.
FSA bans five brokers, hands out £150 000 fine
The Financial Services Authority has banned five individuals for failings in relation to insurance fraud. It has also imposed one of its largest ever fines of £150 000 for insurance fraud on one of these individuals and £50 000 on another.
Marsh promotes Waterer to new risk leadership post
Marsh has promoted Richard Waterer to the newly created role of head of operational risk for Marsh Risk Consulting in the UK. He will report to Jeff Colburn, UK MRC Leader.
Marsh promotes Waterer to new risk leadership post
Marsh has promoted Richard Waterer to the newly created role of head of operational risk for Marsh Risk Consulting in the UK. He will report to Jeff Colburn, UK MRC Leader.
Aviva triples personal lines new business
Aviva has confirmed that it has experienced a three-fold increase in personal lines new business volumes over the last two months as a direct result of its work with SSP.
Allianz UK COR remains steady at 95.3% as profits drop for H1 2010
Allianz has recorded a reduced profit before tax of £78.4m (H1 2009: £88.3m) for H1 2010, as the insurer’s combined operating ratio deteriorated slightly to 95.3% (H1 2009: 94.9%).
NMJ Insurance Brokers strikes again
NMJ Insurance Brokers has announced its second acquisition following the purchase of Ridge Insurance in January 2010.
Policyfast beats new agency targets
Online wholesaler Policyfast has opened its 1000th agency beating its target of the end of the year by more than four months.
CBG to restate 2009 half year results due to premium finance issue
Broking group CBG this morning admitted it will have to restate the half year results for the six month period ended 30 June 2009.
Aviva shareholders annoyed by RSA rebuttal as "everything" has a price
Both Standard Life and Royal London Asset Management are reported to be annoyed that Aviva's management rejected RSA's £5bn offer for the business without consulting shareholders.
Aviva took days to reject RSA's "unacceptable" £5bn GI business offer
Aviva took ten days from receiving a £5bn offer from RSA to rejecting it, the insurance group admitted today.
Aviva shareholders annoyed by RSA rebuttal as "everything" has a price
Both Standard Life and Royal London Asset Management are reported to be annoyed that Aviva's management rejected RSA's £5bn offer for the business without consulting shareholders.
Aviva took days to reject RSA's "unacceptable" £5bn GI business offer
Aviva took ten days from receiving a £5bn offer from RSA to rejecting it, the insurance group admitted today.
Allianz offers aviation cover
Allianz Commercial has teamed up with fellow Allianz SE Group member, Allianz Global Corporate & Specialty to provide an aviation products liability solution for commercial customers.
Marsh and Mercer to consolidate Manchester operations
Marsh and Mercer have signed a 10-year lease to occupy office space in Belvedere House, a new city centre development in Booth Street
Lockton issues fiscal report
Lockton generated $774m (£495m) in fiscal 2010 revenue, representing a 5% organic growth rate.
Willis appoints new MD to global placement unit
Willis Group Holdings has appointed former Marsh broker Alastair Burns as managing director of its Insurance Facilities Practice.
Online specialist targets Northern Ireland EL and PL markets
Constructaquote, the online business insurance site, has expanded its tradesman and small business liability product into Northern Ireland.
L&E enters solicitors' PI market
Property specialist London & European is to offer professional indemnity insurance for solicitors.
L&E enters solicitors' PI market
Property specialist London & European is to offer professional indemnity insurance for solicitors.
Heath Lambert looks to Aon as it begins London Corporate recruitment drive
Heath Lambert’s London Corporate team has begun a recruitment drive to strengthen its market position by appointing Alan Midson as a sales director.
Post Magazine - 12 August 2010
The August 12 edition of Post magazine is now available to subscribers as a digital interactive e-book.
Ace appoints new MD for Middle East and North Africa
Ace European Group has appointed Steve Dixon as regional managing director, ACE Middle East and North Africa.
Post in print - 12 August 2010
Post reporter Amy Ellis outlines the main news from this week's issue of Post.