Broker
Biba Manifesto 2015: Breaking news
The Post team brings you the breaking news on the British Insurance Brokers' Association's Manifesto 2015 as it launched at parliament on 19 January.
Hyperion to focus on organic growth as it ‘beds down' acquisitions
Hyperion is to focus on organic growth in 2015 as it concentrates on integrating the 12 acquisitions completed globally in 2014, according to CEO David Howden.
FCA suggests FSCS management levy to drop 7.4%
The Financial Conduct Authority is consulting on the Financial Services Compensation Scheme's proposed management levy for the next financial year which would see an overall 7.4% reduction in expenses.
IFoA suggests ABSs could replace CMCs in driving claims costs
The number of claims management companies operating across the UK has decreased by 35% over the past year, according the Institute and Faculty of Actuaries.
Hyperion's revenues leap 19% to £199m
Hyperion Insurance Group saw revenues jump 19% to £199m for the 12 months ended 30 September 2014.
JLT joint venture eyes India as South Asia hub
Joint venture JLT Independent Insurance Brokers in India could become hub for South Asia.
Towergate confirms £1 creditor bid
Towergate has confirmed receipt of a bid from debtholders to buy the embattled broker for its total debts and interest, plus £1.
Reserve Bank of India confirms bank broker rules
Banks wanting to take up insurance broking have been given the green light by the Reserve Bank of India after legislation passed in 2013.
Zurich CRO calls on regulators to boost innovation
Financial regulators need to encourage innovation, rather than stifle it, in order for companies to respond to high-level global risks, according to Zurich's chief risk officer.
Europe: Q&A with German risk managers
Walter Minnik speaks to German risk managers Christian Boehm of Freudenberg Group and Lutz Kalkofen of Hochtief, about current issues surrounding the European market
Alan & Thomas grows regional footprint with purchase of Hampshire broker
Poole-based broker Alan & Thomas Insurance Group has increased the gross written premium it controls to more than £30m following the acquisition of Hampshire intermediary Bennetts Commercial.
Biba appoints young broker steering group
The British Insurance Brokers’ Association has launched a Young Broker Steering Group with the aim of providing guidance and resources to younger brokers.
Editor's comment: Je Suis Charlie
On 7 January terrorists attacked free speech by shooting dead 12 innocent journalists and police at the offices of the French satirical magazine Charlie Hebdo.
Unoccupied Properties: Building an unoccupied checklist
Unoccupied properties are a growing problem for insurers so what should brokers bear in mind when presenting information to underwriters?
Floods: One year on
After the government announced properties in council tax bands H and I would be eligible for Flood Re, how are insurers prepared for future flood events and what have they learned since 2014?
Market Moves - 15 January 2015
All the latest job moves in the insurance market.
Birch appointed MD of Bishop Skinner Marine
Bishop Skinner Marine, the Bluefin subsidiary specialising in yacht and pleasure craft insurance, has appointed Paul Birch as its managing director.
CMA draft order obligations criticised for duplicating existing regulation
Industry players are fearful draft Competition and Markets Authority motor insurance obligations conflict with existing conduct regulation amid concerns the watchdog is not giving firms enough time to implement its suggested reforms.
Insurance trade bodies to meet with regulators on CMA draft orders
The British Insurance Brokers' Association and the Association of British Insurers are to meet with the Financial Conduct Authority and the Competition and Markets Authority in the coming weeks to ensure obligations from the CMA private motor…
Towergate to shift Hexham roles to Newcastle after office closure
Towergate is to close its Hexham operation at the end of the month with the office's eight staff being offered roles at the company's Newcastle premises.
Howden acquires 49% stake in Malaysian bank's broking business
Hyperion broking subsidiary Howden has entered into a partnership with Malaysia-headquartered South East Asian bank CIMB Group.
Absolute hires ex-Axa COO Carruthers as non-exec chairman
Former Axa commercial lines and personal intermediary chief operating officer Max Carruthers has joined the board of private investigation firm Absolute Partnership as non-executive chairman.
Howden strikes HNW deal with De Vere Group
Independent financial advisory firm De Vere Group has teamed up with Hyperion subsidiary Howden in a deal that will see the broking business offer high net worth coverage to DeVere’s global clients.
Aon UK awaiting approval for new CRO
Aon UK is awaiting regulatory approval for a new chief risk officer following the depature of Carol Richmond after more than five years leading the function.