Broker
JLT profit grows 11% as UK economy woes stall Thistle growth
Revenue at Jardine Lloyd Thompson Group grew 7% in the first six months of 2012 to £441.7m, including a 6.3% increase in revenue generated from organic growth, compared with the same period in 2011.
Cooter departs QBE after helping with Brit integration
QBE has confirmed the departure of Simon Cooter, former Brit director of market management and regional operations, having assisted in the business integration following the April takeover.
BGL snaps up Dutch aggregator
BGL Group has acquired Dutch aggregator Verzekeringssite, further boosting its European footprint.
BGL Group buys Dutch aggregator site
UK personal lines broker BGL Group has acquired a Dutch insurance price comparison company, following the acquisition of French aggregator Courtanet in November 2010.
Insurance regulatory regime takes hold in Hong Kong
As Europe moves towards increased regulation, Ann Leung explores how the trend for increasing corporate governance in Hong Kong is affecting regulation of the insurance industry.
Q2 ILS issuance exceeded $2bn, Aon Benfield study shows
Catastrophe bond issuance for the second quarter of 2012 reached $2.1bn as investors continued to deploy capital into the sector, a report by Aon Benfield Securities revealed.
SMEs fear 'detrimental impact' of Eurozone crisis
More than one in 10 British SMEs have considered closing down in the past three months as a possible result of the economic situation, according to a new SME Risk Index from global insurer Zurich.
Indie FSCS bill hits £404m in advance of scheme of arrangement
The Financial Services Authority has revealed that, since Independent Insurance went into liquidation in 2001, £500m of assets have been realised for the benefit of creditors.
Endsleigh teams up with Open GI
Endsleigh Business Insurance Services has begun using technology firm Open GI's new software platform which produces policy quotes in minutes.
Market moves: Hiscox reshuffles management team in busy week for insurers
Axa, Mitsui Sumitomo and Zurich were the busiest recruiters last week, but Hiscox has been the most active in the past seven days after reshuffling its management team.
Towergate on course to double 2011 acquisitions total, says M&A boss Saulter
The acquisition of two more insurance brokers has seen Towergate match the total number of deals it closed in 2011 in the first seven months of this year.
Climate Change: Turbulent times
With climate change a growing global concern, how is the insurance industry playing its part in saving the planet?
Your say: An ethical duty to tackle fraud
It was curious that two Post articles last week included comments about the potential downside of tackling application fraud.
View from the top: Much to do about flooding
The need for a new flood strategy is now urgent as the 'temporary' 12 year-long solution is no longer feasible, says Tom Woolgrove.
View from the top: Leading from the front
London has the potential to greatly influence developing insurance markets, says Will Bloomer.
Telematics Expo: Telematics set for mainstream, claims SSP boss
Telematics has a "mainstream" future despite its niche beginnings, according to SSP's managing director of insurance.
Telematics Expo: Feedback not a quick fix for improving driving standards
Incorporating a telematics box into a driver's car does not necessarily make a policyholder a safer or better driver, despite claims to the contrary.
Telematics Expo: Data fears unfounded in a social media world
A fear of telematics owing to data protection and privacy issues is outdated in a world where people voluntarily share so much information online.
Telematics Expo: Industry must take the telematics plunge
Insurers were warned not to pontificate over the 'VHS or Betamax' debate and immerse themselves in telematics now or risk falling behind.
£300m broker levy "affordable", says FSA
The proposal to double the threshold for claims within the Financial Services Compensation Scheme to £300m for the general insurance broking sub-class was based on the "affordability" of the figure rather than on the likelihood of high-value claims.
Post magazine - 26 July 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Legal reform: Uncertainty abounds as Laspo countdown continues
The Legal Aid, Sentencing and Punishment of Offenders Act is set to be implemented in April, but insurers and lawyers are concerned by a lack of detail.
Olympics: Claims from the games
Terrorism, adverse weather and the outbreak of disease could all cause the cancellation of the Olympics. But could the industry cope if the Games were canned?
FSCS funding model consultation paper draws early concerns
The Financial Services Authority's proposed changes to the funding of the Financial Services Compensation Scheme have come under fire from the British Insurance Brokers' Association, amid concerns that the creation of a 'retail pool' will affect members.