Broker
GI firms valued upwards of £100m drops 15% in 2012
The number of general insurance companies valued at over £100m dropped by almost 15% last year, according to research carried out by industry advisory firm IMAS.
Covéa hands head of financial crime role to ex-police chief
Covéa Insurance has appointed Steve Jackson, former senior fraud manager at Zurich as head of financial crime.
Axa Assistance marks roadside recovery deal with Footman James app
Axa Assistance UK has developed a smartphone application offering breakdown assistance for Footman James customers.
Morgan Stanley linked to Paymentshield sale
Towergate has asked Morgan Stanley to help find a buyer for Paymentshield according to reports.
Specialist pan-European cyber broker start-up launches
IPS Protection, a UK-based broker specialising in cyber liability has launched today to fill what it claims is a gap in the market.
Brightside chalks up 12% increase in annual policy sales
Brightside built on its annual policy sales by 12% last year, taking its total for 2012 to 400 210.
London, Leeds and Bradford residents most likely to make theft claim
Homeowners in London, Leeds and Bradford are the most likely to make a claim for theft or burglary and are paying 20% more for their home insurance, according to Money Supermarket.
Keeling appointed NED at RFIB as Dandridge departs
International Lloyd’s insurance and reinsurance broker RFIB has appointed Henry Keeling as a non-executive director.
Pressure mounting on government as MP brands flood talks 'in disarray'
Ministers have been forced to reiterate that flood talks between the government and the Association of British Insurers are ongoing after a member of parliament claimed discussions were “in disarray”.
L&G targets HNW customers with new home insurance product
Legal & General has followed up on its vow to expand the range of personal lines products it offers, by launching a bespoke product designed for customers in the mid and high net worth market.
JBA enters flood debate with new model launch
JBA Risk Management has joined the UK insurance industry flood debate after releasing a new model of the built environment designed to help property owners better understand the risks to homes, offices and business premises.
Ecclesiastical CEO Tripp to retire this year
Ecclesiastical chief executive Michael Tripp has announced his intention to retire from his post during the course of 2013.
Covéa boss Street joins Thatcham board
Covéa Insurance has revealed that Barry Street, head of claims engineering services, has joined the Thatcham board of directors.
K&R insurers crank up risk forecast in Africa amid terrorism fears
Kidnap and ransom insurance market experts have claimed that while recent attacks on an Algerian gas installation will have a material impact on underwriting strategy in the region, the local risks were already well understood.
Insurers argue FSCS funding structure to pay into broker pool is 'unreasonable'
The British Insurance Brokers' Association has condemned plans to revise the funding structure of the Financial Services Compensation Scheme, arguing that the charges faced by insurance brokers remain "unacceptably high".
Premium Credit CEO aims for 16% broker penetration in next 12 months
Premium Credit chief executive Andrew Doman has outlined his strategy to double broker penetration in 2013.
View from the top: This eternal quest is fruitless
Commoditisation has become something of a holy grail in the insurance market over the past decade. The shift from competition based on product and service feature differentiation, as well as perceived value, to one of undifferentiated price comparison…
Market moves: Busy week for insurers sees sector take on seven new recruits
Following a week of broker domination in recruitment, insurers have battled back in a big way with no fewer than seven headline hires at companies ranging from agricultural insurer Rural to Lloyd's syndicate Aegis London.
Biba welcomes Cameron referendum promise
The British Insurance Brokers' Association has backed a guarantee from Prime Minister David Cameron to hold an 'in/out' referendum on the European Union by the end of 2017.
Towergate Midlands MD departs in regional reshuffle
Towergate has restructured the leadership of its Midlands operations, with regional managing director Paul Watts departing the business alongside other changes.
Burns made senior partner at Clyde & Co
Clyde & Co has appointed James Burns as the latest senior partner following an uncontested election.
South Korea, Turkey, Indonesia and Mexico next economic "juggernauts," claims Willis
Preparing for a new wave of emerging markets is one of the key risks businesses face over the next 12 months according to broker Willis.
Post magazine - 24 January 2013
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Insurers hit back at accusations of stricter policies on claims payouts
Tensions have erupted between the broker and insurer trade bodies after the British Insurance Brokers' Association took to breakfast television to air members' complaints about insurer policies on paying claims.