Broker
Gallagher's international bosses praised in wake of Towergate defections
Arthur J Gallagher has attributed the "underperformance" of its UK arm in 2015 to the departure of its former management team in a proxy statement released this week ahead of its annual general meeting on 17 May.
Editor's Comment: What makes a family?
We have a complicated extended family tree and, rather than depending on blood links, I tell my son that family are the people who love you, which makes more sense to us
Motor prosecution insurer Road Halo to partner with Arc Legal
Road Halo’s motor prosecution defence cover will be offered as an add-on or stand alone product through a partnership with Arc Legal.
Solicitors' PI: Unrated insurers – is it the long goodbye?
They may be dwindling in number, but no one knows if the end of unrated insurers in the solicitors' professional indemnity market is near
FCA to carry out thematic review into thematic reviews - updated
The Financial Conduct Authority has begun a thematic review into its previous thematic reviews at the behest of new CEO Andrew Bailey, Post can reveal.
The Insurance Marketing and PR Awards shortlist is out today
Today Post can reveal the shortlist for the Insurance Marketing and PR awards.
Unicorn says ‘diversifying’ the next step after Berkshire backing
Unicorn Underwriting has confirmed it will not limit itself to UK commercial lines but aims to move into all classes and territories after partnering with Berkshire Hathaway.
Solvency II drives increase in Lloyd's legacy portfolio sales
An increasing number of firms are looking to dispose of their legacy portfolios as Solvency II puts pressure on capital requirements.
Jonathan Davey: New tech start-up Hughub has no plans to compete with software houses
A start-up claims to have devised a white label technology platform that allows brokers and other insurance retailers to enable their customers to manage all of their insurance, life and health products in one place, regardless of the insurer.
Seventeen Group strengthens Scottish offering with Annandale aquisition
Seventeen Group has acquired Annandale Insurance Brokers, based in Dumfries, for an undisclosed sum.
Insurers profits to fall due to low returns, rising costs
The profits of general insurers are expected to fall over the next three months due largely to a rise in costs and low returns on investment, according to the latest PWC and CBI financial services survey released today (29 March).
Amwins Group member Unicorn Underwriting gets backing to write motor fleet
US-based insurance distributor Amwins Group will partner with Berkshire International Insurance to enter the motor fleet business, via Amwins’ London-based managing general agent Unicorn Underwriting.
Stackhouse Poland acquires specialist PI broker for undisclosed sum
Stackhouse Poland has completed the acquisition of specialist professional indemnity broker Chris Frost Insurance Services as it looks to grow both organically and through acquiring ‘like-minded’ firms.
Lowest investment returns since 2001 'biggest reason' for Lloyd’s profit fall
Lloyd’s finance director John Parry said the market’s lowest investment returns in 14 years was the main factor behind its £900m profit plunge in 2015.
Highbridge investment returns Broker Network to its 'roots' claims boss Fairchild
Highbridge's majority stake acquisition of Broker Network brings it "back to its roots" as an independent network for independent insurance brokers, according to CEO Andy Fairchild.
Towergate's Ross takes acquisitions off table for at least 12 months
Towergate will not look to make any acquisitions for at least 12 months and then only if it can genuinely make those firms better, according to CEO David Ross.
Apprentices: You're hired!
A growing number of school leavers are choosing work over university and the insurance sector is capitalising on this wealth of much-needed young talent
Barbican looks to Capita for MGA MD
Barbican Insurance Group has appointed Capita Managing Agency CEO Iain Bremner as managing director of Barbican Managing Agency.
Broker Network CEO says Highbridge deal keeps it independent
Broker Network CEO Andy Fairchild, pictured, said Highbridge’s majority interest acquisition of £46m into the firm is important for ensuring its independence.
Towergate appoints Atrium founder Christine Dandridge to board
Towergate has appointed Christine Dandridge, the founder and former executive director of Atrium Underwriting, to its board as a non-executive director.
Lloyd’s posts £900m profit plunge in 'undeniably tougher' market
Lloyd’s has reported a drop in pre-tax profit to £2.1bn for 2015, from £3bn the previous year.
Towergate sells majority interest in Broker Network for £46m as broker posts £36.4m EBITDA loss
Towergate has agreed to sell a majority interest in Broker Network to its backer Highbridge for £46m, while reporting what CEO David Ross called a 'robust' income of £353m.
Video: Expertise from A-Z with Stuart Toal
With the casualty market affected by claims inflation and periodic payment orders, is casualty insurance still an attractive option for insurers?
Expertise from A-Z: Casualty - Into the unknown
The casualty landscape is ever-changing. Insurers and brokers must be aware of all developments when giving advice