Broker
Oval appoints three to board in restructure
Executive board members at Oval have moved quickly to explain the firm’s ongoing restructuring process amid suggestions that former group managing director Jeff Herdman had been demoted.
Willis blames restructuring for profits fall
Willis has reported its net income for the six months to June 30, 2011 was $119m down from $293m in the same period a year ago, which the broker is mainly attributing to restructuring costs of $115m.
MCE targets entrepreneurs
Budding insurance entrepreneurs, with a proven track record in sales, will be offered the chance to establish their own business as part of a new scheme created by biker broker MCE.
Website Review: Go Compare
In the latest of its ongoing series, web performance specialist Gomez looks at Go Compare's website.
Metal theft on the rise as scrap prices increase
Risk management experts from Allianz are calling on brokers to be proactive about metal theft, following a spate of robberies that have left the company facing millions of pounds in losses.
Penny Black's insurance week
Penny likes to think she scrubs up pretty well but she was certainly left in the shade when tan-tastic The Only Way is Essex star Amy Childs strutted past in Soho during a coffee break with Concise PR director Alex Wise.
View from the top: Equality at the table
Insurance has long been a business that thrives on relationships, between brokers and insurers, brokers and clients and the holy grail of all three working together. These relationships vary in depth and longevity from the transactional to the long term…
Chartered broker: Status symbols
Over the past 18 months there has been an increased focus on professionalism in the broking industry and, as well as signing up to the Aldermanbury Declaration, the spotlight is falling on the topic of chartered status. Many individual brokers display…
Thistle aims high despite 2011 losses
JLT chief executive Dominic Burke claims full year trading profits at its underwriting agency Thistle Insurance will eclipse last year's £4.8m, despite making a £246 000 loss so far in 2011.
O'Roarke urges legal fee crackdown
LV's managing director of general insurance John O'Roarke has added his voice to the cries for a crackdown on legal fees.
Does bad management affect business performance?
Recent research from the Chartered Management Institute found that 55% of employees do not think their managers are competent or confident enough in their roles. According to the CMI, "perhaps more worryingly, 38% of employees report that their boss…
Broking focus - Regulation: The new broom
The Financial Conduct Authority will assume responsibility for the regulation of brokers taking over from the Financial Services Authority at the end of 2012. The Institute of Insurance Brokers, the British Insurance Brokers' Association and the London &…
Editor's comment: The wheels of industry
The schools may be out for summer and European business fast grinding to a halt as workers decamp to the coast but it's good to see the wheels of British commerce continue to turn, albeit at a rather less than frenetic pace.
Allianz beats Aviva and Zurich in resort deal
Allianz Commercial has landed a £200 000 three-year deal with a luxury spa resort and golf club that hosted the Ryder Cup last year.
People moves – 4 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 4 August 2011 edition of Post.
Post Magazine – 4 August 2011
This week the Post team reports on Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own campaign over Equity’s losses.
Marsh sees H1 growth in broking reveune and profit
Marsh has reported a 5% rise in the underlying reveune in its risk and insurance business to $3.3bn for the six months to 30 June 2011 (H1 2010: $2.95bn).
Lloyd’s pursues own probe into Equity syndicate losses – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own…
ECIC secures affinity deal with JC Roxburgh for Scottish Decorators' Federation
Electrical contractors’ Insurance Company has secured an affinity partnership with broker JC Roxburgh & Co for the Scottish Decorators’ Federation.
Chameleon: not every claim is whiplash
Claims management solutions provider, Chameleon, is set to roll out its third party assistance broker and insurance service on fault and non-fault claims. It follows the first results from an ongoing pilot which it says has proven significant cost…
Leisure industry irresistible target for cyber pirates
The vast quantities of personal and identifiable information collected by the leisure and hospitality industry has made it a chief target of cyber attacks, according to global insurance broker Willis Group Holdings.
Towergate MD claims network members will make more money with BN, than Willis
Broker Network has stepped in to offer Our Network members the opportunity to make more money, despite the Broker Direct arm agreeing a tie up with Willis earlier this week.
Giles CEO dampens IPO speculation after £5.1m CBG move
The CEO of Giles Insurance Brokers has dampened speculation his firm will seek an IPO any time soon by claiming that being a listed broker is a "regulatory burden".
Former Confused chief set to head new aggregator
Former Confused and Tesco Compare chief Debra Williams has been named as the CEO of a new Covea backed price comparison site.