Broker
Poor 2014 insurance results at Eldon spark South Africa trial move
Staff at Eldon Insurance Services have been told that poor results within the insurance business last year are to blame for the decision to move all live functions to South Africa for a trial period.
Editor's comment: The broking merry-go-round
So far, 2015 has been a year of broking management merry-go-rounds – we’ve seen big names like David Ross move from Arthur J Gallagher to Towergate, while broking investors Peter Cullum and Andy Homer have cut ties with Towergate to go their separate…
Go Skippy parent mulls overseas transfer of jobs as 150 staff are put on notice
UK Independence Party backer Arron Banks’ Eldon Insurance Services has put 150 UK-based employees on notice of redundancy as part of plans to potentially move work overseas, Post can reveal.
Broking managerial merry-go-round a by-product of market consolidation
A managerial merry-go-round within the UK broking sector is being powered by a combination of increased consolidation and insurer preference, according to market insiders, who have raised questions over organic growth knowhow.
Covéa to decide on Sterling Insurance brand by end of Q3
Covéa will make a decision about whether to keep the Sterling name later in the year after it has consulted with brokers, its CEO has said.
Drone industry growth spurred by insurer support
The support of the insurance industry in providing insurance cover for drone technology has allowed for the rapid development of the unmanned aerial systems industry, according to a Marsh report.
Career File - Charlie Rozes: Rozes given JLT finance director role
Charlie Rozes is set to relieve Jardine Lloyd Thompson CEO Mike Reynolds of his group finance director duties.
Market Moves - 4 June 2015
Who has moved where in the world of insurance this week?
C-Suite - Broker: The cost of caring
After high-profile reports of abuse in care homes, have they really become uninsurable?
Due diligence failings revealed by FCA’s delegated authority review
Many insurers and intermediaries are not adequately considering their regulatory obligations under delegated authority arrangements, according to the Financial Conduct Authority.
IRS contributes half of Lark's turnover growth
Turnover at Lark Group rose 6.5% for the 12 months ended 31 December 2014 to £26.1m (2013: £24.5m).
Brendan McManus confirms new PIB role
Brendan McManus has confirmed that he is to join Chris Giles-backed broker start-up PIB.
Willis completes Miller deal
Willis Group Holdings has completed its deal with Miller Insurance Services after receiving the necessary regulatory approvals.
Marsh aims to quickly 'accelerate' SMEI growth following purchase
Marsh's latest acquisition is part of an "accelerate and grow strategy" and the broker will look to quickly scale up the SME Insurance Services business.
Power hour: Battling fraud together
As more fraudulent behaviour creeps from personal lines into the commercial space, brokers and insurers need to work closely together to tackle the problem, according to Insurance Age's expert panel
Marsh bolsters SME capability with purchase of Leeds broker
Marsh has reached a definitive agreement to acquire Leeds-based independent broker SME Insurance Services.
Gallagher refutes Mark Mugge's surveillance claims
Arthur J Gallagher has conceded that it did carry out surveillance on former CFO Mark Mugge, but has insisted that it was within its rights to do so.
Ross 'authorised surveillance' on AJG employees
Former Arthur J Gallagher International CEO David Ross authorised surveillance of Gallagher employees during his time at the firm, according to AJG's defence to his counterclaim in the ongoing court proceedings.
Chily hire leads to boost in Gallagher recruitment hopefuls
The number of people seeking to work at Arthur J Gallagher following Grahame Chilton's appointment as international CEO has "expanded substantially", according to the broker's president and CEO Pat Gallagher.
Downey and Lum take JLT Singapore leadership roles
David Lum deputy chairman of JLT Asia, and Warren Downey, deputy CEO of JLT Asia, are to become chairman and managing director respectively of the broker's Singapore office.
Interview: Mark Bennett: Keeping it in the family
Five years since the merger of Bennett Dawes and Christmas Insurance Brokers, Bennett Christmas chief executive Mark Bennett explains how he plans to grow the firm further.
Swinton moves low-value commercial business into High St branches
Swinton has announced plans to merge low-value commercial business with personal books in retail branches.
Calera Capital swoops for majority stake in RFIB
US-based private equity house Calera Capital has bought a majority share in RFIB Holdings, the international Lloyd's specialty insurance and reinsurance broker.
C-suite - Broker: Why I sleep soundly at night
It is not worth losing sleep worrying if you are doing enough digitally, says LV managing director, Phil Bunker.