Broker
44% in the dark on corporate manslaughter
A SURVEY by Allianz of brokers' awareness of the Corporate Manslaughter Act has revealed 44% are unaware of the penalties it proposes.
Ex-Willis Network broker joins Marsh alternative
A founding member of the Willis Commercial Network has become one of the first brokers to sign up to Marsh's commercial network.
Biba welcomes NY broker commission stance
The British Insurance Brokers' Association has welcomed the decision by US insurance officials to allow three major brokers to resume accepting contingent commission, bringing legislation more in line with the UK.
Kerry London turnover rises
Kerry London has targeted 10% growth for 2010, after reporting a £0.8m increase in turnover to £15.9m in 2009.
Groupama to up motor rates by 10% for 2010
Groupama Insurances UK chief executive Francois-Xavier Boisseau has vowed to increase private motor rates, pinpointing the division as the "only culprit" for the insurer's fall in profits.
Bennetts aiming for growth with Lowe hire
Bennetts Commercial has set its sights on increasing commission income by 15% this year after adding ex-Jelf regional director Carole Lowe to its senior management team.
Ebrands look to panel
Brightside insurance director Arron Banks has revealed plans to double the gross written premium of underwriting businesses Ecar and Ebike to over £200m by moving the products to panel arrangements.
Axa MGA stance leads to 13% cut in volumes
Axa Insurance's strategy of lifting rates and exiting relationships with managing general agents has led to a 13% reduction in volume in its commercial lines book over the course of 2009.
Clear establishes second base after buy
Independent intermediary Clear Insurance Management has created its first satellite office, after completing its purchase of Lynas Vokes Insurance Brokers.
Guy Carpenter COO to leave company- sources
Another senior member of Guy Carpenter's executive committee has resigned from the broker, Reinsurance has learned.
Cap Z to buy out 3I in Jelf fundraising plan
Cap Z will now hold a minimum of 25.01 per cent of the company's enlarged ordinary share capital.
Aon announces regional restructure
Aon Corporate has appointed eight new area directors as a part of a restructure of its UK operation, designed to bring decision-making and resources closer to its clients.
Jelf looks to raise a further £17m after reporting a £9.7m loss in 2009
It is expected that any placing would be conducted at or around the price of 36 pence per ordinary share and would be subject to shareholder approval at a general meeting.
Moneysupermarket sees insurance transactions fall 14% in 2008
However, insurance made up 55% of the revenue (£75.7m), compared to 44% in 2008 despite a slight drop from £77.7m that year.
Markerstudy completes Zenith deal
Markerstudy Holdings has completed the purchase of Zenith Insurance incorporating Link Underwriting Agency and GHL Insurance Services, after receiving approval from the Financial Services Authority.
ALA Insurance Brokers launches GAP motor insurance product
ALA Insurance Brokers has unveiled a new GAP motor insurance product, which the intermediary claims is the first to use independent vehicle valuation data.
Lloyd's broker expands overseas footprint with acquisition
Windsor has completed a deal for the minority interest in BGH Risk Solutions, a liability broker that operates in Canada, New Zealand and Australia.
Towergate boss Cullum hails John Charcol swoop as a "perfect fit"
"To have the leading high net worth mortgage broker in the group gives us a huge opportunity to provide mortgages to our high net worth customers and SME owners," he added.
Energy insurance costs expected to fall by up to 20%
Despite an increase in the size and scale of new energy infrastructure projects, national oil companies and other energy and chemical concerns are experiencing fewer and less-severe major losses than in previous years, according to Marsh.
Energy insurance costs expected to fall by up to 20%
Despite an increase in the size and scale of new energy infrastructure projects, national oil companies and other energy and chemical concerns are experiencing fewer and less-severe major losses than in previous years, according to Marsh.
Towergate buys John Charcol
Towergate's financial services arm has finalised a deal to acquire mortgage broker John Charcol, Post understands.
Commercial landlords warned over environmental liability
Cowens claims they could face claims for damages and be subjected to action from regulatory bodies for failing to address environmental safety, even if it is a tenant who is at fault.