Broker
View from the Top: Listen to young employees
Insurance is an industry under pressure. We’ve read and heard ad nauseam about the causes and symptoms of our troubles and I don’t propose to provide another list here.
View from the Top: London must lead the way
Innovation is key if the London market is to retain its global importance to the industry, says Nicolas Aubert.
Marsh report points to rising European trade credit insurance rates
Increasing risk and bad debt losses are fuelling rising European trade credit insurance rates, according to a recent Marsh paper.
Pay for Quindell executives more than doubles in 2012
The amount pocketed by Quindell Portfolio executive duo Rob Terry and Laurence Moorse more than doubled last year, according the outsourcer’s annual report.
Enstar deal will not impact financial strength of Atrium syndicate
The acquisition of Arden Holdings subsidiary Atrium by Enstar will not impact the financial strength of managing agent Atrium Underwriter’s Syndicate 609 at Lloyd’s.
Airmic 2013: Airmic targets basis clauses
Airmic will focus much of its efforts in 2013 helping its members battle technical issues such as basis clauses.
Ex-Marsh pair form leadership team at Integro UK subsidiary
New York-based international insurance brokerage Integro has appointed a leadership team that will oversee the firm’s UK operating subsidiary, Integro Insurance Brokers.
Towergate network acquisitions director to join Bluefin
Bluefin has appointed the director of acquisitions for Towergate’s network division Paul Roberts to head up its own acquisition strategy.
Product recall: Total recall cover
After the horsemeat scandal thrust product recall insurance into the limelight, do insurers need to rethink how they offer such cover?
Drive Like a Girl joins Confused's motor insurer panel
Confused has added telematics player Drive Like a Girl to its panel of motor insurers.
Giles parent reports £40m loss as debts continue to grow
Expectrum, the parent of broker Giles, has reported a pre-tax loss of £39.5m for the year ended 31 August 2012, alongside climbing net debts.
Levene calls for clarity around Co-op's failed bid for Lloyds branches
Former Lloyd's chairman Lord Levene has called on government to confirm whether it favoured the Co-operative Bank's takeover bid of 632 Lloyds Banking Group branches over one by his own vehicle, NBNK.
R&Q agrees PTP with Finnish firm Turva
Randall & Quilter Investment Holdings has agreed a portfolio transfer plan with mutual insurance company Turva.
Acromas considering £4bn refinancing deal
AA and Saga parent company Acromas is understood to be close to securing a refinancing deal that could lead to the break-up of the group.
Consumer watchdog champions single PII scheme
A report published by the Legal Services Consumer Panel has proposed that a single professional indemnity insurance scheme and compensation scheme is launched to cover the legal services sector.
Biba MLEI’s views are ‘completely aligned’ with the FCA’s
The British Insurance Brokers’ Association views on motor legal expenses insurance views are “completely aligned” with that of the Financial Conduct Authority, as laid out in a document published earlier today, according to Biba’s Graeme Trudgill.
ABI supports FCA call for greater consumer needs focus in MLEI
The Association of British Insurers has described the Financial Conduct Authority’s thematic review into motor legal expenses insurance as a “useful reminder” that more must be done to meet the needs of the consumer.
UIB extends Elite binding capacity deal
UIB has extended its binding capacity deal with legal firm Elite Insurance Company for a further 12 months.
Marsh executive joins Bluefin
Bluefin has appointed Sarah Hewitt as head of client services in London, where she will manage the team of corporate account executives.
Lloyd's broker Besso in Australia move
Lloyd’s broker Besso has stepped up its foray into international markets with a minority investment in Sterling Insurance in Australia.
UK General commercial plans boosted by ex-RSA director appointment
UK General has appointed former long-term RSA director Ian Barker as its new commercial technical director in a bid to strengthen its underwriting and portfolio management capabilities.
Money Supermarket entrepreneur to sell 18.5% of his stake
Simon Nixon, co-founder of price comparison website Money Supermarket, is to net £200m after selling 18.5% of his stake in the business.
Giles Insurance Brokers reports £2.25m loss
Giles Insurance Brokers has reported a £2.25m loss for the year to 31 August in 2012 compared to a profit of £998 000 in the previous year.
CFC expands its traditional professions offering
Underwriting agency CFC has added brokers, accountant and estate agents to its professional liability suite in a move to expand its traditional professions insurance offering.