Broker
GRP backs MBO for Lonmar
Investment vehicle Global Risk Partners has agreed to back the management buyout of specialist Lloyd’s broker Lonmar Global Risks.
Road Haulage Association launches insurance for members with Aviva, Griffiths & Armour
The Road Haulage Association has launched FR8, an insurance service for its member organisations.
JLT expects £34m in ‘total exceptional costs’ for 2016
Global (re)insurance broker Jardine Lloyd Thompson anticipates £34m in “total exceptional costs” for 2016, but remains on target to achieve its objectives for the coming year.
Insurers face a 46% increase in cost of compensation claims
Insurers will pay 46% more in compensation to consumers this year, as part of the Financial Services Compensation Scheme.
Compass in talks with Gallagher for MBO
Broker network Compass is in active discussions with its parent company, Arthur J Gallagher, for a management buyout of the business to create a wholly independent network.
Bexhill UK launches peer-to-peer lending platform in premium finance market
The peer-to-peer lending trend has hit the premium finance market with Bexhill UK launching the Orchard Lending Club.
Investor backs Leicestershire broker Kingsway Insurance in growth deal
Minority Venture Partners has invested in commercial broker Kingsway Insurance as the company pushes for £15m in GWP.
Blog: Passing backwards onto the next generation
Brokers must adapt to future change and that means making bold decisions when it comes to appointing the right people and bringing them on
Research: State of the Young Insurer Nation Part 3: Relationships
In the third section of the research, Michèle Bacchus asks 52 young insurer employees about the relationships the insurance industry has with the government and the general public.
Birmingham regional broker Johnston Park McAndrew pushes for growth
Halesowen-based broker Johnston Park McAndrew will target £1m in growth and an extension of its client base in plans for 2016.
BP Marsh buys 20% of Asia Reinsurance Brokers
Investment firm BP Marsh & Partners has acquired a 20% stake in Singapore-headquartered Asia Reinsurance Brokers for S$2.4m (£1.2m).
Europe: Ukraine insurance market is ripe for picking
Ukraine is far less developed in terms of insurance take-up than comparable nearby countries, meaning the sector is ripe for transformation
Brightside hires Markerstudy retail boss Russell Bence
Brightside Group has appointed Russell Bence as its managing director of volume lines.
Cooper Gay hires former Brightside CEO
Reinsurance broker Cooper Gay Swett & Crawford has poached Andy Wallin, former group CEO of Brightside.
Two brokers lose permission to carry out regulated activities under FCA
Brokers David Michael Sayer and Lester Evans have lost their Part 4A permission to undertake regulated activities under the Financial Conduct Authority after failing to pay overdue balances.
C-Suite Broker: Brightside's Mark Cliff on the trend for insurers to move to brokers
The last car I bought was a large 4x4. As I drove it around I noticed plenty of other people driving the same model of car on the road - these cars seemed to be everywhere.
Reinsurance broker hires two JLT execs for marine and energy
Capsicum Re has appointed Alistair Lockhart-Smith and Jerry Reeves to its marine and energy specialty business, as a managing partner and partner respectively.
Hearn takes over helm of CGNMB following Newman’s retirement
Steve Hearn has been appointed CEO of CGNMB following Gordon Newman’s retirement from the Lloyd's broker.
Fourth company acquired by Bluefin in 2016
Bluefin Insurance has announced its fourth acquisition for the year, with Liverpool-based Exchange Insurance Services the broker’s latest purchase.
FCA SME claims review “sharpened” focus, but was not a major factor in industry response during 2015/16 floods
The insurance industry’s response to the winter flood in terms of SME commercial claims would have been hailed a success, even without the Financial Conduct Authority’s 2015 thematic review into this area.
Cooper Gay CEO Gordon Newman to step down
Cooper Gay CEO Gordon Newman will retire from the role and be replaced by group CEO Steve Hearn.
Allianz UK direct home and motor exit a ‘good sign’ for brokers
Allianz UK’s proposed withdrawal from the direct home and motor markets was welcomed by brokers as it will go towards reducing competition in an overcrowded market.
Biba, IBSC join forces to create standards committee
The British Insurance Brokers’ Association and the Insurance Brokers’ Standards Council have formed a standards committee to create a single code of conduct for insurance brokers.
XL Catlin appoints head of insurance strategic client and broker management
XL Catlin has named Philippe Gouraud as its head of strategic client and broker management for its insurance division.