Broker
Towergate agrees restructuring as senior creditors take control
Towergate has agreed a new capital structure which will see existing shareholders wiped out.
JLT's Howorth to leave Asia for UK role
Duncan Howorth is returning to the UK after two years as CEO JLT Asia, to become CEO of JLT’s UK employee benefits business.
Bennetts will be run as 'standalone business' says Saga Services CEO
Motorcycle broker Bennetts, which agreed to be acquired by over 50s insurer Saga yesterday (29 January) will be largely run as a standalone business according to Roger Ramsden chief executive of Saga Services.
Clark Thomson buys Willis’ Scottish commercial business and joins WCN
Clark Thomson Insurance Brokers has agreed a deal to acquire Willis’ commercial business in Scotland, while also joining the Willis Commercial Network.
Saga shares climb 11% on Bennetts announcement
Over-50s specialist Saga has seen its share price surge by more than 10% in a day’s trading following an announcement that it would pay £26.26m to acquire motorbike broker Bennetts.
Gallagher teams with Limbcare for bespoke property covers
Arthur J Gallagher has teamed up with specialist amputee and limb-impaired charity Limbcare to launch a new range of bespoke buildings and contents covers.
Lexham enters car market with telematics offering
Moped and scooter broker Lexham is to expand into the car insurance market as part of a partnership with telematics firm Tracker.
Blog: Insurance - more important than Fruit Pastilles
What happens when you examine the insurance industry like you would a packet of Fruit Pastilles?
JLT's Cooper joins Lockton for Australia property role
Lockton has appointed Stephen Cooper as head of its real estate and construction team.
Beslity becomes Aon marine chairman
Aon has made several key changes to its global marine business.
Mid-Sussex broker Bennett Christmas snaps up Howden PI book
Burgess Hill-based broker Bennett Christmas Group has acquired of a book of professional indemnity business from Hyperion Group subsidiary Howden Insurance Brokers.
Market Moves - 29 January 2015
All the latest job moves in the insurance market.
In Series: Corporate Risk: Threats on the radar
Insurers can help companies with their risk management strategies by offering products that anticipate the challenges of the future
Insurance CEOs: Picking the perfect candidate
Hiring a new CEO can be a problem for an insurance company, with standards of demonstrated experience continually rising and the regulator wielding its influence over appointments. So, how do they pick the right person for the job?
C-Suite - Broker: The lost generation
The insurance landscape of the 1990s lead to a dearth of opportunities and a loss of new blood
McManus and Chaucer silent on $300m buyout rumours
Brendan McManus and insurer Chaucer have refused to be drawn on speculation that the former Arthur J Gallagher UK retail CEO will lead a buyout of the insurer's UK motor business, backed by private equity house Apollo.
Alsford Page & Gems announces MBO
Lloyd’s insurance and reinsurance broker Alsford Page and Gems is to complete a private equity backed management buyout that will see the staff holding 28% of the total shareholding.
CPP CEO Escott warns brokers about PE snubs if they ignore regulation
Insurance businesses need to “embrace” regulation or face tough consequences if they continue their current “amateurish” practices. Not least the fact they will struggle to sell a business if their compliance is not up to scratch, says CPP's Brent Escott.
Average salary for insurance employees set to rise 8% in 2015
The strain of regulatory scrutiny is contributing to an 8% increase in average pay levels across the insurance industry in 2015 as firms seek to attract top talent.
Beach hut scheme is first to receive UK General Insurance backing
An insurance scheme for beach hut owners is the first to go live following UK General Insurance’s £100,000 Schemes Seat programme to promote broker innovation.
Tributes for "model professional" Hong Kong broker Geoffrey Lung
Geoffrey Lung, CEO and managing director of Hong Kong-based MI Insurance Brokers, sadly passed away on 9 January after a heart attack.
Pan named Willis China CEO
Lincoln Pan, executive director Willis Hong Kong, is replacing Mitchell Ma as CEO Willis China.
Brokers, insurers and reinsurers unite for microinsurance push
Nine brokers, insurers and reinsurers are combining in an attempt to add scale and reduce distribution costs of microinsurance.
Guy Carpenter named as Flood Re broker
Flood Re has ended its long search for a retrocession broker by recruiting Guy Carpenter, while an chairman appointment is also imminent.