Broker
DLG to axe 100 IT roles as part of annual cost savings plan
Direct Line Group has confirmed that approximately 100 jobs will be lost across its IT function, as the firm's £100m annual cost savings drive begins to take effect.
ABI hits back at Apil "sniping" at industry efforts on historic policy tracing
The Association of British Insurers has accused the Association of Personal Injury Lawyers of "sniping from the side-lines" in the insurance industry's efforts to help trace historic employers' liability policies.
Foil boss brands ERR Bill amendment criticism "absurd"
Apil president Karl Tonks’ proclamation that the government amendment to the Enterprise and Regulatory Reform Bill has set back health and safety laws in Britain by 100 years has been branded “absurd” by the Forum of Insurance Lawyers.
Personal injury specialist rebrands as Pudsey Legal after being given ABS status
Leeds-based personal injury specialist Kayes Solicitors has revealed that as of 1 November it will become one of the first alternative business structures in Yorkshire.
E-Underwriting signs up to web platform
Gallagher-owned E-Underwriting has signed up to Keelan Westall's web-based Dynamic platform for residential property risks.
ProSight hires ex-Travelers boss Cusition as syndicate underwriter
ProSight Specialty Underwriters has appointed Paul Cusition, former global head of professional indemnity at ANV, as active underwriter of Syndicate 1110 at Lloyd’s.
Young female driver premiums fall ahead of ECJ directive
The average motor premium for young drivers has fallen slightly, while the gap between motor premiums for young male and female drivers is narrowing, according to the AA.
Giles names Dickson as MD for the south of England
The latest in a long line of recent managerial recruitments has seen Giles appoint Paul Dickson as regional managing director for the south of England.
Household premiums rise following summer washout
Average insurance quotes for home buildings and contents cover have risen following heavy rain and flooding in the summer, according to the AA's latest insurance premium index.
BP Marsh eyes insurance opportunities
Venture capital provider and Hyperion investor BP Marsh has reported profit after tax of £2.2m, representing an increase from £2.0m for the six months to 31 July 2011.
German broker Unison hires Toben for linked business in Chicago
Hamburg-headquartered Unison Brokers has appointed Heidrun Toben as associate director for European linked business to work in its Chicago office.
Middlesex-based broker snaps up northern firm ahead of acquisition push
Acquisitive high-street broker Bryan James & Co has signalled its intention to complete further purchases having reached a deal to take over the Warrington branch of Lloyd's broker Bennett Gould & Partners.
Cooper Gay Swett & Crawford seals equity investment
Broking group Cooper Gay Swett & Crawford has agreed terms with Lightyear Capital and institutional co-investors for a substantial investment into the CGSC Group.
Cooper Gay sells 55% stake to Lightyear Capital
Cooper Gay Swett & Crawford has agreed a deal in which Lightyear Capital gains majority ownership of the broker.
Indian FDI raise could drive broker M&A
India's insurance broking industry may see a rise in mergers and acquisitions if the proposed increase in the foreign direct investment limit is passed by parliament, according industry sources.
Demand for transactional risk cover up 35% in 12 months
Businesses globally are increasingly turning to the insurance market for transactional risk protection in a bid to shield revenue and assets from the risks faced on acquisition and exit or sale, according to a report published today by Marsh.
JLT's Q3 profit warning indicates challenges ahead
Jardine Lloyd Thompson faces significant challenges to its ambition to be a top three global player, according to an Investec analyst note.
IUA report shows £22bn of 2011 premium income controlled by London
The amount of wholesale and commercial business governed by London companies reached a combined premium total of £22bn last year, according to statistical analysis by the International Underwriting Association.
Nexus to establish new MGA following CIFS purchase
Nexus Underwriting has exchanged contracts for the purchase of Credit Indemnity and Financial Services from Novae Syndicates.
Arista expands Southampton office
Arista Insurance has appointed Paul Avery to its Southampton office to help manage the underwriting team.
Willis recruits fish farm underwriter for aquaculture practice
Hughes-Gibb, the specialist agri-business division of Willis, has appointed Dan Fairweather to head its aquaculture broking and risk management division.
Carole Nash wins Suzuki deal
Carole Nash has won a tender to administer a motorcycle and scooter insurance scheme on behalf of Suzuki GB.
BrokersLink urges insurers to commit to junior staff development
The nurturing of young talent is being overlooked by insurers, potentially costing them a competitive advantage, according to speakers at BrokersLink's Madrid conference.
BrokersLink launches supply chain tool
BrokersLink has launched Specialized Resources, a risk management service which it says will give members access to tools to help clients identify and quantify potential supply chain risks.