Broker
Market Moves - 29 January 2015
All the latest job moves in the insurance market.
In Series: Corporate Risk: Threats on the radar
Insurers can help companies with their risk management strategies by offering products that anticipate the challenges of the future
Insurance CEOs: Picking the perfect candidate
Hiring a new CEO can be a problem for an insurance company, with standards of demonstrated experience continually rising and the regulator wielding its influence over appointments. So, how do they pick the right person for the job?
C-Suite - Broker: The lost generation
The insurance landscape of the 1990s lead to a dearth of opportunities and a loss of new blood
McManus and Chaucer silent on $300m buyout rumours
Brendan McManus and insurer Chaucer have refused to be drawn on speculation that the former Arthur J Gallagher UK retail CEO will lead a buyout of the insurer's UK motor business, backed by private equity house Apollo.
Alsford Page & Gems announces MBO
Lloyd’s insurance and reinsurance broker Alsford Page and Gems is to complete a private equity backed management buyout that will see the staff holding 28% of the total shareholding.
CPP CEO Escott warns brokers about PE snubs if they ignore regulation
Insurance businesses need to “embrace” regulation or face tough consequences if they continue their current “amateurish” practices. Not least the fact they will struggle to sell a business if their compliance is not up to scratch, says CPP's Brent Escott.
Average salary for insurance employees set to rise 8% in 2015
The strain of regulatory scrutiny is contributing to an 8% increase in average pay levels across the insurance industry in 2015 as firms seek to attract top talent.
Beach hut scheme is first to receive UK General Insurance backing
An insurance scheme for beach hut owners is the first to go live following UK General Insurance’s £100,000 Schemes Seat programme to promote broker innovation.
Tributes for "model professional" Hong Kong broker Geoffrey Lung
Geoffrey Lung, CEO and managing director of Hong Kong-based MI Insurance Brokers, sadly passed away on 9 January after a heart attack.
Pan named Willis China CEO
Lincoln Pan, executive director Willis Hong Kong, is replacing Mitchell Ma as CEO Willis China.
Brokers, insurers and reinsurers unite for microinsurance push
Nine brokers, insurers and reinsurers are combining in an attempt to add scale and reduce distribution costs of microinsurance.
Guy Carpenter named as Flood Re broker
Flood Re has ended its long search for a retrocession broker by recruiting Guy Carpenter, while an chairman appointment is also imminent.
Video: State of the Broking Nation Webinar
Service and the shift towards digital technology in the general insurance market were discussed in a lively webinar session hosted by Post and LV this week, which is now available to watch.
Fraud taskforce agrees terms of reference in first meeting
The government fraud taskforce has identified data protection as one area to focus on following its first meeting this week.
Ping An buys Marsh's UK head office building
Chinese insurer Ping An has bought office and shopping complex Tower Place in the City of London for £327m.
Miles Smith eyeing acquisitions after Clydesdale refinancing
London broker Miles Smith is laying out plans for growth after becoming the third insurance business to complete a Clydesdale Bank-back debt refinance in two months.
AA partners with Cigna on travel offering
AA Insurance has appointed Cigna Insurance Services to provide its travel underwriting, claims and marketing services.
Miller and Willis reach agreement on wholesale and specialty merger
Miller Insurance Services has reached an agreement with Willis Group Holdings to form a London wholesale specialist broking firm.
Applied partners with Close Brothers on premium finance software integration
Software company Applied Systems has agreed a partnership with Close Brothers Premium Finance to integrate premium finance products into Applied’s management system TAM.
Brightside swoops for Hastings CIO Fairhurst
Hastings Insurance Services’ chief information officer James Fairhurst has been appointed to an equivalent role at broker Brightside Group.
Carole Nash offers bikers cheaper car insurance for road safety nous
Carole Nash is offering to beat motorcyclists' car insurance renewal quotes after research from the broker found bikers' knowledge of road safety is twice as good as car drivers.
Pen looking to expand product offering and branches in 2015
Arthur J Gallagher's Pen Underwriting has outlined plans to grow its product offering and branch network this year.
Pearson steps down as OAMPS UK head
OAMPS UK head Howard Pearson stepped down from his role in December 2014 as the integration of the business into Arthur J Gallagher completed, the broker has confirmed.