Broker
Market moves: The busy world of broking
As January draws to a close, the past week has been a busy time in the world of insurance broking. Aon Benfield, Willis and Marsh all welcomed new chief executives, while Towergate, UIB and Prime Professions also made moves for new staff. However, it was…
View from the top: A case of déjà vu in the market
The current economic situation means now is the right time to generate rate rises, says Toby Esser.
Credit hire: Two sides to the story
Credit hire organisations and insurers are blaming each other for the cost of credit hire. With the Office of Fair Trading conducting a review, will anyone emerge victorious?
Reinsurance - January renewals: Toughen up
Despite the catastrophes of 2011, the predicted — and much needed — January renewal rate hardening has failed to materialise.
Spotlight on environment: Providing protection
With climate change increasing the likelihood of natural disasters, insurers must influence the debate on how businesses and governments manage risks such as supply chain failure.
FSA issues policy warning to broker customers
The Financial Services Authority has advised Aston Midshires Insurance customers to check that the broker arranged motor insurance as expected, after receiving reports that policies were sold without details and premiums being properly registered.
Post magazine – 26 January 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Insurers criticised for continued DWS support
Liquidators have refused to clarify debt implications after DWS Bodyworks - a bodyshop chain implicated in RSA’s disputed subrogation policy – was bought out of administration by former directors last week.
Thomas Carroll recruits 11, targets 30 more
Welsh broker Thomas Carroll Group has revealed the details of an expansion programme which involves the recruitment of 11 new staff and the development of the firm’s headquarters near Caerphilly Castle.
Tougher EMEA commercial insurance market conditions expected in 2012
Insurance rates for businesses with exposure to natural catastrophe risks and supply chain perils are expected to continue increasing in 2012 across Europe, the Middle East and Africa, according to a Marsh report.
Towergate secures five-year Allianz deal
Allianz will continue to lead Towergate commercial underwriting’s insurer consortium for the next five years, increasing their share from 40% to 70%.
Reinsurance rates in Spain fell at January renewal
Reinsurance rates in Spain fell at the January 1, 2012, renewal, despite the effects of the European financial situation on the primary market.
Tough conditions for EMEA commercial markets, Marsh warns
Insurance rates for businesses with exposure to natural catastrophe and supply chain risks are expected to keep increasing in 2012 across Europe, the Middle East and Africa, according to a report published today by Marsh.
Gallagher Heath agrees five year trade union deal with UIA
Gallagher Heath Insurance Services will provide motor and travel insurance to members of UK trade unions after signing a five year partnership deal with UIA.
IFB appoints Bird as full-time director
The Insurance Fraud Bureau has this afternoon confirmed the appointment of Phil Bird to the role of director on a 6 month secondment.
Aon acquires 80% of Spanish broker GDS
Aon Corporation has agreed to acquire 80% of Spanish insurance broker GDS from banks La Caixa and Banca March.
Brit launches PI product on Power Place
Brit Insurance has launched its professional indemnity cover on Power Place, following last year’s decision to make its D&O product available on the online commercial marketplace.
Travelers targets brokers with event cancellation cover expansion
Travelers has expanded its event cancellation cover from the firm’s Lloyd’s syndicate to its insurance company operation in a move which is expected to provide regional brokers with better access to the product.
Questgates completes minor recruitment drive
Growing demand is behind a minor recruitment drive at Questgates. The company has made four new appointments and promoted two.
Bermuda’s Premier Cox signs tax agreement with Turkey
Bermuda has signed a tax information exchange agreement with the government of the Republic of Turkey.
Legal cover firm creates online broker portal
A motor and family legal cover provider has launched a free online portal which allows brokers to browse policies and documents on 50 types of commercial and personal lines cover.
Cyclists urged to support Allianz-backed bike ride
The Prince’s Trust has announced that its Palace to Palace cycle ride will be coming to the West Midlands for the first time.
Bluefin centralisation to cost 23 jobs
Bluefin is proposing to close the finance functions of its Gravesend and West Wickham offices with the loss of 23 jobs.
Coversure opens in Swansea
Coversure has opened its third Welsh franchise, this time in Swansea, with former broker and Admiral worker Jason Lawrence (left in picture) heading up the operation.