Broker
Oval secures £43m four year refinance deal
Oval has secured a £43m refinance package to support its growth plans, with Barclays and Lloyds providing the funding.
Paedophile teacher leaves council picking up £300 000 liability excess
North Somerset Council is facing the possibility of paying out £300 000 in insurance excesses professional indemnity claims relating to the victims of a paedophile teacher.
More brokers face fines over add-ons after Swinton pays £7.4m penalty
Analyst blames drop in Esure’s profit expectations on bundled add-ons.
Plum eyes further expansion after Northern Ireland move
Plum Underwriting has moved ahead with plans to expand its underwriting footprint by beginning to write non-standard and mid-net worth household risks in Northern Ireland.
L&G hires replacement customer services director
Legal & General has appointed Vanessa Sallows as customer services director for group protection, replacing Steve Ellis who has moved to another role within the company.
New corporate boss for Perkins Slade after Rowe exits
Broker Perkins Slade has made several changes to its senior management team including a new corporate leader following Darren Rowe’s departure this month.
Cat bond market must expand: Willis
If total alternative reinsurance solutions like catastrophe bonds are to continue to grow, a wider range of perils should be considered according to Willis Capital Markets & Advisory.
Career development: Communication failure costs UK business
Failing to tell staff in financial services and insurance companies about the benefits on offer, such as private health insurance and income protection, is costing the sector £2.7bn every year.
Career file: Vyvienne Wade: Wade takes up international role at rival broker AJG
Arthur J Gallagher has recruited Jardine Lloyd Thompson's former European chairman and group general counsel to lead international growth.
Market Moves: Cox joins Ecclesiastical management board, while Bluefin’s Philip moves up again
Both insurers and brokers completed their fair share of high-profile hires this week. Ecclesiastical took top billing among insurers, with the appointment of Brit’s former chief executive Ray Cox as a board member, while among brokers Bluefin recruited…
View from the Top: The key to effective symbiosis
There are two crucial groups good managing general agents have to satisfy: insurance customers and capacity providers.
Bluefin welcomes regional MDs as restructure sees Owen's role expanded
Bluefin has completed a number of internal promotions and structural changes as part of its ongoing strategic development plan.
Tysers hires trio to form North American PL team
Tysers has appointed David Doe, Jonathan Doel and Sue Korth to form a North American professional liability team.
Beazley improves COR as investment returns plummet
Beazley trimmed its combined operating ratio to 89% in the first half of the year (H1 2012: 91%), however the firm’s investment returns were hit by market losses in fixed income holdings.
Barker appointed as Marsh chairman
Jane Barker, a non executive director at Marsh, will become chairman on 1 August.
Lloyd’s brokers sign up for VIPR Bordereaux product
Two Lloyd’s brokers have partnered with VIPR to use its software and systems.
Italian aggregators double policy sales in H1
Policies brokered by Italian aggregators in the first sixth months of 2013 were up 58% over the same period of 2012, according to research by CP Consulting.
Italian aggregators achieve steady growth in H1
Policies brokered by Italian aggregators in the first sixth months of 2013 were up 58% over the same period of 2012, according to research by CP Consulting.
Marsh unveils new chairman
Jane Barker will become Marsh chairman on 1 August.
Insurance industry to provide 22 000 extra jobs by 2020, states PWC report
Insurance industry jobs could account for approximately 47% of 47 500 additional jobs created across the whole UK financial services sector by 2020, according to report conducted by PWC.
Adjuster panel review to deliver 'greater choice', claims Aviva
Aviva is confident its decision to reduce the roles of Cunningham Lindsey and Crawford on its loss adjuster panels will “deliver greater flexibility and choice“ to brokers.
Homeserve hires BT's CFO
Homeserve Membership has appointed Helen Miles as chief financial officer.
FCA bans and fines broker £140 000
The Financial Conduct Authority has imposed a £140 000 fine on Paul Cable, of Bromley, Kent, and banned the broker from working in the financial services industry in the future.
LV launches broker portal
LV Broker has launched an online portal for brokers.