Broker
Hong Kong Insurance Awards: Entries close 31 July
The entry deadline for the Hong Kong Insurance Awards is the end of the month.
Biba delivers uptick in 2014 turnover despite 'uncertain' market place
The British Insurance Brokers’ Association recorded a 7% annual increase in company turnover in 2014 to £3.78m (2013: £3.53m).
Towergate Underwriting welcomes LV Broker to home syndicate
LV Broker has joined Towergate Underwriting’s home syndicate alongside Allianz, in an agreement that will run for an initial term of five years and is expected to be worth more than £110 in gross written premium.
Blog: How important is claims to the broker 'value' story?
Attending a roundtable this week on “articulating the value of the broker”, one of the key conclusions resonated with me.
More mega mergers expected as low interest rates and investment returns fuel M&A
Weak investment returns and ongoing soft market conditions have been cited by AM Best as driving factors behind an uptick in acquisitions activity among insurance companies that are seeking to deploy capital and create scale.
AJG buys 65% stake in Columbian energy & construction specialist
Arthur J Gallagher has extended its investment in Latin America with a 65% stake in independent Colombian energy and construction specialist Arm Re.
Rias warns against lack of cover for summertime lightning strikes
Homeowners should ensure their properties are adequately covered against the threat of summer lightning strikes, over-50s insurance specialist Rias has advised.
Rural CEO Barclay sets sights on becoming £100m GWP business
UK General-owned Rural is aiming to become a £100m premium business and wants to empower its brokers to take on major rival NFU Mutual in the process, according to CEO Ian Barclay.
Gallagher acquires renewal rights from Coventry-based broker
Arthur J Gallagher has acquired the renewal rights to the commercial and personal lines portfolio of independent Coventry broker Pinnock Bell.
Young Broker Blog: Self-motivation
As Post's final instalment of its Young Broker State of the Nation research looks at the opportunities young people see in broking, LV's Stephen Bridge reflects on how getting qualifications and networking with his peers helped him progress his career
Insurance quiz of the week - 17 July 2015
Budget boffin or disaster dunce?
Australia: Catastrophes threaten capital flow
Australia is on course for the worst year for natural disasters since 2011. Alex Davis examines the impact of the costs to a domestic insurance industry that may consolidate after a period of increased competition.
Brian Shea appointed head of Europe at WCMA
Willis Group Holdings has hired Brian Shea as head of Europe for Willis Capital Markets & Advisory, the firm's insurance investment banking division.
Willis to acquire PMI Health
Willis has agreed a deal to acquire PMI Health Group, an independent healthcare advisor and broker.
Europe: Opportunities in Middle and Eastern Europe despite geopolitical risks (26 Feb)
Despite the Russian-Ukraine crisis, 2014 brought hope of a revival for the regional market in Middle and Eastern Europe. Economic prospects have been positive, regardless of the continual geopo
Higos looks to expand after Clydesdale Bank refinancing
Higos Insurance Services has secured a refinancing package from Clydesdale Bank which it will use to expand the business through acquisitions.
Gallagher case mediator could accelerate resolution ahead of trial
The appointment of a mediator in Arthur J Gallagher's dispute with David Ross, Mark Mugge and Christopher Keey does not rule out the case progressing to trial, but a confidential settlement can offer benefits out of reach of a judge, according to…
Research: Young Broker Nation: 4: Findings
Are brokerages ticking the right boxes when it comes to attracting new talent and are they doing enough to keep young recruits once they have got them through the door? In the final instalment of Young Broker State of the Nation, Post reports its survey…
At least 161 staff to depart ERS following Brentwood closure
ERS has received “enormous goodwill” from brokers despite the disruption to service levels caused by a transformation plan that has so far seen 161 employees depart the insurer, according to CEO Ian Parker.
Bought By Many targets Chinese travel market
Bought By Many has signed an agreement with Chinese insurer Ping An to launch seven travel insurance policies in China for the online broker's first venture outside the UK.
Career File - Scott Egan: Scott Egan leaves Towergate for RSA
Towergate interim CEO Scott Egan is to join RSA as group chief financial officer and executive director with an annual salary of £525,000.
Market Moves - 16 July 2015
Who has moved where in the world of insurance this week.
Turnover up but profits down at Be Wiser
Broker Be Wiser Insurance Services has reported an increase in turnover and the amount of policies on its books for the year ending 31 May 2015.
Hearn hire tipped to give CGSC an edge amid wider broking exodus
External influencing factors have been cited as the trigger for a host of high-profile broking departures, as the sector’s managerial merry-go-round once again enters full swing.