Broker
Audio: Lyons on rival Towergate bids
Towergate interim CEO Alastair Lyons discusses the firm's various former suitors and why the debt-for-equity swap deal with senior creditors was its preferred bid.
C-Suite - Broker: Waking up to the cyber threat
With technology advancing rapidly, the industry needs to take its head out of the sand
Towergate tipped for future sale despite debt-for-equity deal
There is “no question” Towergate will be up for sale once again in the coming years, according to market insiders, who believe the swift appointment of a CEO is paramount following this week’s debt-for-equity deal.
Video: Chairman of UK Spill Stewart Ower
OHES Environmental founder and chairman of UK Spill Stewart Ower speaks with Post about raising the profile of UK Spill, the benefits of good spill response, and life as part of Arthur J Gallagher.
In Series: Corporate Risk: Leading the way
Claims management in the corporate space needs a tailored and clearly communicated approach, so how can insurers and brokers eradicate the grey areas to deliver this successfully?
Market Moves - 5 February 2015
All the latest job moves in the insurance market.
Interview: Stewart Ower: Going with the flow
Chairman of UK Spill Stewart Ower plans to use his tenure to ensure any environmental aspect of a claim is one recognised as early as possible, so proactive intervention can help take control of claims costs
Insurance industry failing to engage on social media as UK lags behind US
UK companies are being outperformed by their US counterparts in their use of social media for corporate communications, according to an Investis review, which ranked the insurance industry as one of the lowest performing sectors.
Pacific Prime hails Axa Singapore medical product
Axa's product for pre-existing conditions is a "major shift" in the market, according to the broker's Pacific Prime manager Singapore, Olivier Zeller.
Swinton updates TV advertising campaign
Swinton Insurance is to launch a new advertising campaign as part of a three-year £75m business transformation programme.
Other offers undervalued Towergate, claims interim boss
Rival bids for Towergate were lodged but all undervalued the business, the company's interim CEO Alastair Lyons has said.
Towergate Financial facing £85m mis-selling bill
Towergate expects to pay up to £85m in redress costs for the mis-selling of two financial products to the end of 2012.
Towergate's EBITDA down 24% in 2014
Earnings before interest, tax, depreciation and amortisation at Towergate fell 24% last year to £110m from £145m in 2013.
Towergate agrees restructuring as senior creditors take control
Towergate has agreed a new capital structure which will see existing shareholders wiped out.
JLT's Howorth to leave Asia for UK role
Duncan Howorth is returning to the UK after two years as CEO JLT Asia, to become CEO of JLT’s UK employee benefits business.
Bennetts will be run as 'standalone business' says Saga Services CEO
Motorcycle broker Bennetts, which agreed to be acquired by over 50s insurer Saga yesterday (29 January) will be largely run as a standalone business according to Roger Ramsden chief executive of Saga Services.
Clark Thomson buys Willis’ Scottish commercial business and joins WCN
Clark Thomson Insurance Brokers has agreed a deal to acquire Willis’ commercial business in Scotland, while also joining the Willis Commercial Network.
Saga shares climb 11% on Bennetts announcement
Over-50s specialist Saga has seen its share price surge by more than 10% in a day’s trading following an announcement that it would pay £26.26m to acquire motorbike broker Bennetts.
Gallagher teams with Limbcare for bespoke property covers
Arthur J Gallagher has teamed up with specialist amputee and limb-impaired charity Limbcare to launch a new range of bespoke buildings and contents covers.
Lexham enters car market with telematics offering
Moped and scooter broker Lexham is to expand into the car insurance market as part of a partnership with telematics firm Tracker.
Blog: Insurance - more important than Fruit Pastilles
What happens when you examine the insurance industry like you would a packet of Fruit Pastilles?
JLT's Cooper joins Lockton for Australia property role
Lockton has appointed Stephen Cooper as head of its real estate and construction team.
Beslity becomes Aon marine chairman
Aon has made several key changes to its global marine business.
Mid-Sussex broker Bennett Christmas snaps up Howden PI book
Burgess Hill-based broker Bennett Christmas Group has acquired of a book of professional indemnity business from Hyperion Group subsidiary Howden Insurance Brokers.