Broker
Brokers should review their processes following Swinton fine, says UKGI
UK General's compliance arm UKGI has called for brokers to review their process and internal policies in the light of Swinton’s £7.4m fine by the Financial Conduct Authority.
JLT Insurance Management strengthens board
Guernsey-based JLT Insurance Management has appointed Shaun Le Prevost to the board of the company with immediate effect.
E-trading boss Thornton to leave NIG
NIG's director of e-trading is set to leave the Direct Line Group-owned business in October, Post can reveal.
Oval completes shift to Acturis system
Oval has completely shifted its business to the Acturis system in a move to bring the company’s users, accounting functions and e-traded products together on the same platform.
National speed limit database still some way off, claims OS
Ordnance Survey has distanced itself from suggestions the launch of a national speed limit database is imminent, but has vowed to work to “better understand” complex information held on speed limits.
Sterling teams up with Purple Partnership
Sterling Insurance Group has joined independent broker network the Purple Partnership’s preferred partner list.
Lockton launches intangible risks insurance program
Lockton is seeing to put an end to “uninsurable risks” through a customised program developed by the broker in conjunction to Kiln.
Simply Business parts ways with Brit after completing MBO
Simply Business has finally completed a management buy-out with backing from European equity firm Ana Cap.
Aon faces $1m Superstorm Sandy lawsuit
A New York based-contractor is suing Aon Risk Services for more than $1m for allegedly failing to obtain adequate coverage for the firm, which suffered losses following Superstorm Sandy.
Aon sued for $1m over Superstorm Sandy coverage gaps
Aon Risk Services is being sued by Uberto, a New York-based contractor specialising in home renovation, over allegedly failing to obtain adequate coverage for the firm, which suffered losses following Superstorm Sandy.
Post magazine - 18 July 2013
In this week’s Post, brokers have raised concerns over the effectiveness of Aviva underwriters and its ability to maintain service levels following the insurer’s decision to move more underwriters into broker offices and abandon almost half its regional…
Keelan Westall introduces underwriting proficiency test
Recently acquired wholesale property broker Keelan Westall has introduced an annual proficiency test for underwriters, designed to improve the service given to customers.
Midwives target government funding as captive solution given green light
Independent midwives have been given the green light to set their own adequacy for a captive insurance solution, ahead of mandatory legislation meaning they must have professional indemnity cover to practice.
Brokers fear standards decline as Aviva closes almost half its regional offices
Market insider claims redundancies could net insurer £100 000 per employee.
Chesterfield appoints new aviation head
Lloyd’s broker Chesterfield has appointed Stephen Campbell to head its aviation division.
Broker Network inks three year Alps deal
Broker Network & Countrywide has signed a deal with Auto Legal Protection Services that will serve its members with products and services.
AJG swoops for JLT Europe chair Wade
Arthur J Gallagher has recruited Jardine Lloyd Thompson’s former European chairman and group general counsel to lead international growth.
Penny Black's Insurance Week - 18 July 2013
For outgoing Allianz boss Andrew Torrance, his last day in the office on the 5th July , gave him a taste of what he might expect next year on the 4th July.
Insurance women recognised at awards
Axa and Xchanging were both represented at last week's Women in the City's Future Leaders Award.
Career development: Allianz offers more scholarship places
Allianz's scholarship programme is offering more places for brokers looking to achieve their Chartered Insurance Institute diploma in insurance.
Market Moves: Insurers at the forefront in recruitment market with major hires
Insurers took centre stage in the recruitment market this week, with hires coming thick and fast from the top down. A new chief executive was named at Torus to coincide with the firm’s sale to Enstar, while at Antares a political risks manager and a non…
Independent Broking: Back to basics
With tough times facing the industry, insurers and brokers have to embrace their traditional roles to be successful
In Series: Claims: Don’t let go
Firms that go the extra mile to ensure customers feel valued at all points of interaction will reap the benefits when it comes to renewal.