Broker
Pet Insurance: Protecting a growling market
The UK pet insurance market has exploded over the past few years and is expected to continue to grow. But just how do insurance companies build on this without falling prey to unscrupulous operators?
Ex-Gallagher boss Ross begins Towergate journey after Highbridge confirms swoop
David Ross, CEO at Arthur J Gallagher International, has resigned after 25 years at the broker to join Towergate's investment vehicle.
David Ross: the almost single company man who is leaving Gallagher for Towergate
Painted as a one company man, outgoing Arthur J Gallagher International boss David Ross revealed to Post four years ago this was not the case.
Aon creates SME division and strengthens affinity offering
Aon Risk Solutions has launched an SME division bringing together small-business focused areas enterprise and partners, in a bid to broaden its client proposition and create a centre of client excellence.
CFC launches new piracy cover with quote-and-buy portal
CFC Underwriting has launched a new marine piracy product, designed to streamline the quoting and buying process.
Principal to open Dublin office after Yorkshire Bank backing
Manchester broker Principal Insurance is to open a Dublin office in spring offering a range of motorcycle insurance products.
MMC CEO Glaser hails 'outstanding performance' of broking arm Marsh
Marsh & McLennan’s risk and insurance services business has reported revenue of $6.9bn (£4.5bn) in 2014, an increase of 5%, or 3% underlying revenue growth.
Towergate's Lyons hails creditor deal as ‘vote of confidence’ in the broker
Alastair Lyons, Towergate interim CEO, has hailed the deal reached with secured and unsecured creditors as “a vote of confidence” in Towergate and its future strategic plans.
Towergate confirms unsecured bondholders to purchase majority share
Towergate has confirmed that it has reached an agreement to be acquired by its senior unsecured creditors.
Towergate approves creditor takeover
Towergate has formally agreed a deal with its bondholders that will see the company taken over by its unsecured creditors, according to a Reuters report.
Aon posts 3% increase in revenue in Q4
Aon posted a 3% increase in revenue to $3.3bn (£2.16bn) in the final quarter of 2014, primarily driven by 6% organic revenue growth. organic revenue grow by 6% to $3.3bn (£2.16bn) in the final quarter of 2014, the broker’s results published today…
Premium rate phone ban to cost insurers £90,000 per year
The proposed ban on insurance companies using premium rate telephone numbers for customers could cost insurers as much as £90,000 a year in lost revenue, according to calculations by technology firm Callstream.
Ireland performance was ‘too good to be true’ says RSA CEO Hester
RSA’s performance in Ireland was “too good to be true” and should have been recognised earlier, according to group CEO Stephen Hester.
MGA start-up gambling on growth of HNW homeowner market
Large numbers of homeowners with significant assets are failing to purchase appropriate insurance cover, according to the chairman of a newly launched managing general agency targeting the high net worth market.
Australia: Redefining advice
Insurers and brokers down under are at odds over how best to redefine regulatory advice definitions in the wake of a major report that says the industry needs to do more to help consumers get the right level of home cover.
Tysers appoints Lancashire's Blakeborough as COO
Lloyd’s broker, Tyser & Co has appointed Stuart Blakeborough as chief operating officer.
Unsecured creditors swoop for Towergate
Towergate's creditors appear to have struck a deal with its unsecured creditors to sell 80% of the broker's equity for £300m, according to a report.
Willis and Miller merger a ‘tragedy’, says Gallagher boss Ross
Willis’ planned acquisition of Miller has been labelled "a tragedy" for the market by Arthur J Gallagher International CEO David Ross.
GRP backs MBO at Lloyd's broker Ropner
London market consolidator Global Risk Partners has backed its second management buyout in three months after agreeing to support an MBO by Lloyd’s marine broker Ropner Insurance Services.
Broking profits rise $59m at Gallagher as acquisition costs spiral upwards
US giant Arthur J Gallagher’s broking operation chalked up net earnings of $263.8m (£174.1m) for the year ended 31 December 2014, compared to $204.8m over the previous 12 months.
Tysers aviation MD Walters jets off to Gallagher
Arthur J Gallagher has hired Tysers’ aviation managing director Mark Walters to lead its own aviation division.
Principal Insurance plans to grow following £250k funding
Manchester-based specialist motorcycle broker Principal Insurance has secured a £250,000 loan to fund its growth plans.
Audio: Lyons on rival Towergate bids
Towergate interim CEO Alastair Lyons discusses the firm's various former suitors and why the debt-for-equity swap deal with senior creditors was its preferred bid.
C-Suite - Broker: Waking up to the cyber threat
With technology advancing rapidly, the industry needs to take its head out of the sand