Broker
FCA fine not to blame for profit slump as Swinton plots job cuts
Swinton has attributed changes to its sales practices following regulatory action over the mis-selling of add-on products to a drop in its annual turnover last year, which sunk to £301.4m from £329.1m in 2011.
Ecclesiastical reveals increasing trend in specialisms
Around 60% of brokers across the UK believe there is an increased trend towards specialising, Ecclesiastical’s Specialist Broker Barometer has revealed.
Post magazine – 11 September 2013
This week's issue of Post is now available to subscribers.
BGL extends relationship with National Accident Helpline on PI claims
BGL and National Accident Helpline have reached an agreement, which will see Minster Law, part of BGL’s legal services business, and NAH work in closer harmony on personal injury claims.
Solicitors face premium hike following Berliner exit
Firms forced to shop around following Berliner’s exit from the solicitors' professional indemnity market could face significantly higher premiums for replacement cover, according to Marsh.
Axa reveals regional trading teams following broker feedback
Axa has unveiled its commercial lines and personal intermediary regional broking managers responsible for leading sales teams across the country.
Editor's comment: What’s on your wish list?
A J Gallagher is aiming to become a top-three retail broker with its £233m acquisition of Giles, but to achieve this market commentators have said it will need to put efficiency and synergies on its wish list, as its combined operation is estimated to…
Bluefin Network poaches pair of former Westinsure members
Bluefin Network has signed up two former Westinsure members from opposite ends of the country.
Poor GI results could see Capita sell broker businesses at knock-down price
Analysts doubtful firm could secure private equity backing
Proposals to block broker deals with unrated insurers snubbed by the market
Reid told onus is on brokers to ensure passporting firms are 'financially sound'
Redundancies predicted as Gallagher seeks synergies following Giles deal
Sources expect AJG to reduce number of regional offices to cut costs
Aon seeking buyer for Footman James
Aon-owned classic car and motorcycle broker Footman James is understood to be up for sale, according to sources close to the matter.
Biba urges FCA to leave brokers out of complaints review and focus on insurers
DLG, Aviva and Allianz are top three GI firms in terms of number of complaints
Reinsurers demand greater decision-making powers as wreck removal costs soar
Munich Re is calling for reinsurers to have more say in decisions relating to marine salvage and wreck-removal operations against the backdrop of increased politicisation and escalating costs surrounding the Costa Concordia cruise liner wreck.
Two men admit to laundering proceeds
Two men have pleaded guilty to laundering the proceeds of a nationwide motor insurance scam, which amassed over £5000 000.
Interview: Julian James: Creating an Allied World
Six months into his role as president of Allied World Europe, Julian James is targeting new lines and new regions as he plans to build a bigger and stronger business
Keelan Westall launches non-standard property broker team
Wholesale property broker Keelan Westall has unveiled a new non-standard broking team.
Capita puts insurance business up for sale
Outsourcing specialist Capita is preparing to offload its direct to customer insurance businesses following disappointing performance in the division, Post understands.
Three GI players in the frame as FCA launches complaints handling review
Three general insurance firms are implicated in the Financial Conduct Authority's latest thematic review into complaints handling at major firms.
FCA reveals it has never used private investigators
The Financial Conduct Authority has revealed it has never used private investigators.
RSA launches broker trading site
RSA yesterday launched its first broker trading site in Redhill, designed to give its most valued brokers the flexibility of trading face-to-face for complex risks.
Defra outlines draft flood insurance clauses
The Department for Environment, Food and Rural Affairs has opened a consultation into the draft flood insurance clauses of the Water Bill.
Belmont Regency MD pays tribute to founder killed in plane crash
One of the founding directors of Derby-based financial advisor and broking business Belmont Regency was killed alongside his wife in a plane crash off the coast of Jersey this week.
UK heatwave sparks rise in fraudulent cancellation claims
The summer heatwave has been blamed for a rise in the number of fraudulent cancellation claims by travel insurance policyholders, according counter fraud services provider VFM Services.