Broker
Alternative reinsurance capacity 'here to stay' after record 2013 ILS issuance
Insurers will continue to find plentiful reinsurance capacity for property-catastrophe risks following rate reductions secured in the January 2014 renewals, according to Guy Carpenter.
Tokio Marine launches liability cover for freighters
Tokio Marine Europe has launched a liability insurance product for companies in the freight and warehousing sectors, supported by regional underwriting throughout the UK.
LV looks to Equity and NIG for underwriting appointments
LV Broker has strengthened its commercial underwriting team with two appointments.
Central deal was two years in the making, claims Marsh boss
Marsh’s first ever managing director for Scotland is targeting regional dominance after revealing an array of interested parties were turned down ahead of the deal that saw his former Central Insurance Services business acquired by Marsh.
Marsh cements Scottish position with Central Insurance deal
Marsh has reached an agreement to acquire Aberdeen-based Central Insurance Services in a deal that is expected to propel the combined entity to being the leading broker in Scotland.
Lark to generate £25m annually following HMT re-brand
HMT has been re-branded as Lark Special Risks & Post Conflict five months after Lark acquired the Esher-based broker.
Mega-yacht portfolio growth leads to R&Q marine MGA capacity boost
The specialist global managing general agent platform of Randall & Quilter has made it possible for R&Q Marine Services to offer yacht insurance buyers immediate capacity to insure vessels for up to €235m (£195m).
Cullum set to launch equity release venture
A new broker equity release venture backed by Towergate's non-executive deputy chairman Peter Cullum is set to launch in the coming weeks.
Sheffield broker backs 'man of steel' project
IFM Insurance has agreed to back a plan for a £30m landmark sculpture in Yorkshire.
Biba to consult on professional standards in 2014
The British Insurance Brokers’ Association is to conduct a consultation on professional standards within the broking industry in the first quarter of 2014.
Broker standards body launched
A new standards body has been launched to improve behaviour and standards in the broking industry.
Lonmar moving to new London HQ
Lloyd’s broker Lonmar Global Risks is ringing in the New Year with a move from the central London office it has been based in for the past 12 years.
Female motorists unlikely to suffer renewal hikes, claims AA boss
Falling premiums within the motor market will mask the worst effects of the European Court of Justice’s gender ruling for young women renewing their car insurance in 2014, according to the AA’s director of insurance.
Catastrophe reinsurance premiums down 11%
Rates for property-catastrophe reinsurance tumbled 11% in 2014 renewals figures from Guy Carpenter revealed.
Gallagher grows north-east office with sales director appointment
Arthur J Gallagher is growing its management team in north-east England with the appointment of Martin Atkinson as UK retail sales director.
Willis predicts unprofitable airlines market by 2015 as soft market continues
Unprecedented levels of competition, growth in exposures and low loss levels are driving premium reductions for insurance buyers during the busy airline renewal season according Willis Group Holdings.
Willis unveils global head of casualty
Willis Group has appointed Seth Peller to the newly created role of Global Head of Casualty, effective January 2014.
JLT Specialty grows team with five hires
JLT Specialty has today announced five appointments in its London-based team.
Footprint MD Testa to unveil motorcycle offering following Banks reunion
The managing director of newly launched van insurance brand Footprint, Lance Testa, is expecting to integrate motorcycle insurance into the business in February as he prepares to take on established players, including his former employer Brightside's…
Paul Fairhurst appointed to AJG Manchester role
Paul Fairhurst has been appointed Arthur J Gallagher Manchester office head for the UK retail division.
JLT £1.8m fine is a ‘wake-up call’ for firms says the BSI
JTL’s £1.8m fine is a wake-up call to the importance of having clear anti-bribery policies, the British Standards Institution has said.
Young driver green paper publication unlikely before 2014
The Department for Transport has said it will not be releasing its green paper on young driver safety until it has reconciled improving safety without restricting young people’s freedom.
Beazley boosts Latin American development with appointment
Beazley has appointed Ricardo Ortega as head of business development in Latin America.
Bluefin acquires Scottish PI broker
Bluefin has acquired independent Edinburgh-based broker P I Brokers for an undisclosed sum.