Broker
Brokers told to improve record-keeping to reduce professional indemnity claims
Brokers have been urged to improve the way they document advice to clients in light of increasing numbers of professional indemnity claims against them.
Ten Insurance gains chartered status and unveils new NED
Independent commercial brokering network Ten Insurance has been awarded chartered status by the Chartered Insurance Institute.
Editor's comment: Time for a new strategy
Last week some new battle lines were drawn, while others pulled back their troops, took stock of the situation and dug new trenches.
Aon Benfield launches cat model to quantify uncertainties
Reinsurance broker Aon Benfield has unveiled updated catastrophe tools to allow clients to better understand their exposures in spite of less complete information.
IRDA report paves way for banks to become brokers
A report on broking regulations by India’s Insurance Regulatory and Development Association has said banks will be allowed to become brokers, but that those wishing to do so may have to have a segregated broking arm.
Marks & Spencer and Post Office to discuss affinity insurance at Post event
Marks & Spencer and The Post Office have joined the speaker roll for the upcoming Affinity 2013 event.
My Best XI: Simon Taylor, Reich
Simon Taylor, managing director of Salford-based broker Reich, selects his best XI for an insurance industry start-up. In a team packed full of industry leaders, Taylor is hopeful a side that contains five chief executives, or equivalents, will provide…
Penny Black's Insurance Week - 23 May 2013
The annual British Insurance Brokers’ Association conference after-party can transform even the most mild-mannered broking boss into an incoherent, staggering shell of a man.
Career path: Will Woodman and Dawn Crowley: Part three
In the third and final instalment in the current three-part series, we continue to follow fictional insurance recruits Will Woodman and Dawn Crowley through their second year in the industry.
Career file - Danny King: Former Axa strategic relationship manager takes on Insurance Fraud Bureau role
The Insurance Fraud Bureau is targeting further growth in its customer base, having appointed Danny King as its new business development manager.
Market Moves: Insurers and brokers fill key roles
Many vacancies were filled within the industry’s recruitment sector this week, with a trio of insurers snapping up personnel for key roles. In the world of broking, firms took time out from networking at the Biba conference to hit the recruitment trail,…
Swinton Commercial eyes growth with the creation of new role
Swinton Commercial has appointed Alastair Denness to the newly created role of national business development manager. The firm said this role is part of the company’s future growth strategy.
View from the Top: A new focus on certainty
When we canvass the opinion of clients about what they value most in terms of broker service, a positive response to claims is always one of the top items on the list. As brokers, we often get drawn into the day-to-day price fixation that blights our…
Ex-BGL director joins Towergate
Towergate Insurance has appointed Derek Henry as group carrier relationship director.
Brunel expands wholesale PI broking business
Brunel Professional Risks has expanded its wholesale professional indemnity insurance broking arm to handle rapidly growing demand from brokers across the UK.
Culture rather than strategy to blame for business failings, IRM Forum told
Risk professionals have been warned that the culture within an organisation is more important to business success than a strategic focus.
Ex-army captain hired to write war, terrorism and political violence at XL
XL Group has appointed Daniel O’Connell to underwrite war, terrorism and political violence within the firm’s new crisis management team.
FCA viewed as re-brand exercise by brokers surveyed by UKGI
The Financial Conduct Authority is seen as little more than a re-branding exercise, as opposed to a change in regulatory focus, according to brokers surveyed by compliance consultancy UKGI.
Axa leads the way in Brokerbility satisfaction survey
Axa has been rated the highest performing firm among Brokerbility’s seven key insurer partners in the collective broking organisation’s bi-annual satisfaction survey.
Marsh offers D&O on "each single claim" basis
Marsh has launched a new suite of D&O policies, created in conjunction with eight insurers, in response to growing reputation and regulatory risk.
Clements Worldwide launches web-based marketplace for UNFCU members
Solutions provider Clements Worldwide has launched a web-based marketplace designed to deliver insurance protection to all of United Nations Federal Credit Union’s 100 000 members around the world.
Uninsured driver sees rare Lamborghini seized in Richmond
The driver of a rare Lamborghini has seen his high performance vehicle seized after the motorist was found to have no insurance having been caught speeding by police.
Scottish Water pipeline put in doubt after liability agreement failure
Scottish Water has come in for criticism after its failure to secure a standard liability agreement resulted in work on a £2.65m pipeline being abandoned.
Volkswagen signs deal with UK General
Volkswagen Financial Services has signed a deal with UK General Insurance that aims to give VW Group customers free access to approved repairers in the event of an accident.