Broker
Editor's comment: Your country needs you
Cuthbert Heath, one of the most innovative and influential Lloyd’s brokers, developed what we would now recognise as business interruption insurance, with the first modern policy issued in London on 1 January 1939, according to LMI Group.
JLT buys broker in Taiwan
Jardine Lloyd Thompson has bought ForVision Risk Services in Taiwan, a broker providing insurance, reinsurance, and risk management services for companies with local and international operations.
Artemis records $6.24bn of cat bonds in 2013
Artemis has recorded $6.24bn (£3.91bn) of new catastrophe bond issuance and insurance-linked securities issuance so far in 2013.
FP Group’s executive director steps down
Charles Whiteaway, the executive director of FP Group, has stepped down after nearly 20 years with the company.
MAST security training courses receive government approval
The Department for Transport's Maritime & Coastguard Agency has approved three new training courses from security specialist Maritime Asset Security and Training.
Career development: Insurance industry urged to sign up for ‘e-mentoring' schemes
A UK charity is asking insurers and brokers to ‘e-mentor' young people as part of a scheme to link them to the world of work.
Career file: Peter Staddon - Staddon appointed MD of the MGAA
Peter Staddon has been appointed the first managing director of the Managing General Agents' Association.
Market Moves: Zurich departures and Tripp’s return top what has been a busy week for the market
It was a busy week for insurers seeking to bolster their numbers, with HSB, Avanti and Sterling among the firms to bring in new faces. Zurich, however, may have made the most significant announcement in the form of the departures of two of its broker…
Sign up to the free-to-attend Commercial Underwriters Forum today
Taking place on Thursday 24 October 2013, the Commercial Underwriters Forum is free- to-attend* for all those working at insurers, managing general agencies and brokers.
C-Suite: Get the growth message right
News that the International Monetary Fund has raised the UK’s economic growth forecast from 0.7% to 0.9% for this year has contributed to a growing cautious optimism about the nation’s future.
C-Suite: Prepare for the worst
A recent fire at an AIG building illustrated the importance of a strong crisis management plan.
Expert Analysis: Autumn watch
IGO4’s aggregator analysis reveals that while demand for motor quotes remains high, home insurance has stalled at a disappointing level.
LV Broker launches online cover notes
LV Broker is launching online cover notes for its commercial lines, which brokers can download and print from the web.
Axa plans initiative roll out to create efficiency for brokers
An Axa Commercial Lines and Personal Intermediary motor insurance initiative is to be expanded to household products by quarter two of next year.
R&Q completes Fair run-off acquisition
Randall & Quilter Investment Holdings has acquired the entire issued share capital of Cyprus domiciled insurer and reinsurer Flagstone Alliance Insurance and Reinsurance from the Validus Group.
Biba announces a customer focus 2014 conference
The British Insurance Brokers’ Association has revealed the theme for its 2014 conference as Customer, Customer, Customer.
Cooper Gay and NMB deal finalised
Cooper Gay Swett and Crawford has finalised its acquisition of Lloyd’s insurance and reinsurance broking group Newman Martin and Buchan following Financial Conduct Authority approval of the deal.
Bluefin unveils new sport director
Bluefin Insurance has appointed David Miller as director of Bluefin Sport for Scotland.
Post Intelligence – company profile: Towergate Partnership
Towergate says it will continue its aggressive acquisition strategy (FY12: 27 acquisition; 1H13: 10) focused on networks, retail and underwriting. The challenge is to turnaround falling operating earnings in the retail business.
Post Intelligence – company profile: Esure Group
As part of its strategy to diversify its earnings, Esure Group is working to expand its home, broker and additional service offerings.
Zurich shakes up commercial broker team
Zurich has made some changes to its commercial broker leadership team following the retirement of two of its members.
Europe: Insurance valuation processes
How does insurance valuation practice differ in territories around the world? Nigel Wilson explains.
FP Marine cites costs of claims and poor returns for rising premiums
A director at broker FP Marine Risks based in Hong Kong agrees with Lloyd's broker Tysers that P&I clubs will likely raise shipowners' premiums at a rate on average of 7.5% this year, similar to last year.
Post magazine - 10 October 2013
This week's issue of Post is now available to subscribers.