Broker
RSA records stunted UK growth in Q1 despite commercial 'progress'
RSA'S UK business posted stagnant growth for the opening three months of the year, with net written premiums recorded at £726m (Q1 2012: £725m).
Towergate CEO Hodges hails new "flexible debt structure" after £396m bond issue
Towergate has announced the pricing of the offering by its subsidiary, Towergate Finance, of floating rate senior secured notes due 2018 in an aggregate principal amount of £396m.
Gallagher acquires Barbon Insurance Group’s commercial and property interests
Arthur Gallagher & Co has confirmed the acquisition of all of the property and commercial businesses within the Barbon Insurance Group, for an undisclosed consideration.
EIP and Costco launch van insurance scheme to SME market
Equity Insurance Partnerships and Costco Wholesale have launched a new van insurance scheme which is designed to target Costco’s SME customer base.
ABI, Biba launch best practice telematics guidance
New guidance for insurers on pay-as-you-drive cover has been released by the Association of British Insurers and the British Insurance Brokers’ Association
Post magazine – 2 May 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Simply Business closes in on MBO as Brit CEO Cloutier admits u-turn over broker commitment
Simply Business is close to a deal which will see it separate from Brit Group through a management buyout, Postonline has learnt.
UIB to place SulAmérica property treaty programme
Lloyd's reinsurance broker UIB has won the tender to place the property treaty programme for Brazilian insurer SulAmérica.
Industry and consumers targeted in two-part telematics guide
The Association of British Insurers and the British Insurance Brokers’ Association have teamed up to produce guidance for the industry and consumers on how to get the most out of telematics technology.
Ageas agrees out of court settlement with ex-Castle Cover shareholders
Ageas has confirmed it has reached an out of court settlement with a number of former senior Castle Cover figures.
Penny Black's insurance week
Penny recently had the pleasure of catching up with newly appointed British Insurance Brokers’ Association chief executive Steve White, hoping to gain an insight into his plans to change the sector for the better.
News review: 2 May 2013
A round-up of news stories from this week.
Cooter targeting brokers in Covéa commercial lines relaunch
Covéa is planning to corner the difficult commercial lines market by winning over brokers through building closer relationships.
Turnover on the rise as Allianz GA rebalances worldwide reach
Allianz Global Assistance has recorded a 9% rise in growth in global turnover last year, exceeding the proclaimed objective of €2.2bn (£1.9bn).
Planned reductions results in Q1 GWP shrinkage at Novae
Novae Group chief executive Matthew Fosh has described the first three months of the year as “a solid start”, despite seeing his firm’s gross written premium shrink to £184.6m (Q1 2012: £231.1m)
Simplyhealth targets SME market with PMI product
Simplyhealth is targeting small to medium sized businesses with a new private medical insurance proposition.
European court considered as Primo trademark battle continues
Primary Group-owned Qmetric is understood to be considering registering one of its insurance brand names with the European Union’s trademark after its application in the UK court was turned down.
Ask the expert: Interview process
With competition for jobs so fierce, and the interview process becoming much more arduous, how do I make my application stand out from the crowd?
View from the Top: Understanding risk is crucial
The volatile economy, supply chain interdependency and the voracious appetite of regulators and politicians mean today’s organisations face very different risks to their predecessors.
View from the Top: Desperate measures
Brokers are engaging in some unwise practices as they struggle to cope in the difficult climate, says Dave Smith.
DAS targets post-Laspo landscape following 2012 GWP growth
The DAS UK Group increased gross written premium by 10.5% last year, while returning a profit of over £11m before reinsurance and tax.
Telematics Expo: Study suggests engagement improves driving behaviour
Initial research by telematics start-up Carrot Insurance has revealed a link between customer engagement and driving behaviour.
Telematics Expo: ABI pre-empts telematics regulation with new guide
Trade bodies can play an important role in the development of the telematics industry, particularly in warding off the threat of regulation, according to Association of British Insurers policy adviser Ben Gaukrodger.
Ex-CNA indemnity underwriter White takes on Barbican role
Barbican Group Holdings has appointed Christopher White as a professional indemnity underwriter.