Broker
Ross to join Towergate in November as Gallagher dispute settled for £20m
The legal dispute between Arthur J Gallagher and former employees David Ross and Mark Mugge and independent consultant Christopher Keey has been resolved with Towergate and shareholder Highbridge to pay £20m in settlements.
Towergate reports £58m first half loss
Towergate's operating earnings decreased by 40% to £39m (H1 2014: £65m) for the six months ended 30 June 2015 alongside a 10% drop in revenues to £184m for the period.
Steadfast's full year profits climb 68%
Australian broking group and underwriting agency Steadfast posted an after tax profit of A$42.1m (£19m) for the most recent financial year, up 68% over last year's results.
Integro snaps up London-based MGA Entertainment Risk Management
International insurance brokerage and risk management firm Integro has acquired London-based managing general agent Entertainment Risk Management to add to its international entertainment practice.
Towers Watson shareholders aim to block Willis merger
Towers Watson shareholders have filed several class action suits against the consultancy firm in the US over its planned merger with broker Willis.
FCA deems ex-Coversure franchisee Cleaver not 'fit and proper'
The Financial Conduct Authority has cancelled former Coversure franchisee Mark Cleaver's permission to carry on regulated activities.
One Call launches telematics app
Broker One Call Insurance has launched a new telematics solution – Live Drive – after completing a pilot earlier this year.
Axa and Biba to clamp down on fraud by educating customers
Axa has teamed up with the British Insurance Brokers’ Association to proactively educate customers on the definition, consequences and wider impact of committing fraud.
Rong appointed CEO of JLT's China operations
Philip Rong has been appointed CEO for JLT China and general manager of JLT Lixin Insurance Brokers from 1 September.
Broker Network's insurer relations manager to join Axa
Broker Network’s insurer relations manager Dene Smith has left the organisation to head up Axa’s Birmingham branch.
Pen Underwriting hires regional business development team
Managing general agent brand Pen Underwriting has appointed a six-strong team of business development managers to strengthen its regional and specialist support to brokers across the UK.
Marsh marine manager in Asia to join Allied World
Post understands Tim Cooke, Marsh's Asian cargo practice leader, is leaving the global broker to join insurer Allied World.
Willis expands in Australia with CKA purchase
Willis Australia has acquired Perth-based broker CKA Risk Solutions for an undisclosed sum.
Axa aims to challenge mid-market status quo with sector-specific proposition
Axa has signalled its intent to secure a much larger share of mid-market risks in 10 key trade sectors with the introduction of a tailored broker proposition.
SME ambitions behind Marsh interest in Jelf but integration remains an issue
Marsh’s potential acquisition of Jelf would allow the global broker to realise its SME ambitions and extend its regional presence, according to industry insiders who have warned the possible integration process must be handled carefully.
PIB tipped to make rival Jelf bid as GRP refutes interest
Brendan McManus’s PIB has been tipped as a potential alternative bidder for Jelf amid doubts other businesses have the financial firepower to outbid broking giant Marsh.
Editor's Comment: Time to shine
In a year’s time the Insurance Act 2015 will come into force and the UK insurance market, or at least practices within it, are set to look very different.
Marsh eyes Jelf acquisition as takeover talks confirmed
Jelf has confirmed it is in takeover discussions with Marsh in relation to the global broker acquiring the entire issued and to-be-issued ordinary share capital of Jelf.
BPL Global
Rank: 25
Post presents five Asia events in September
Post and Post Events are excited to be hosting five events across China, Hong Kong and Singapore in September.
Claims Awards Asia 2015: Shortlist announced
Post is pleased to announce the shortlist for the Claims Awards Asia 2015.
Career development: Biba appoints regional young ambassadors to promote young member interests
Following the success of its ongoing Young Broker Steering Group, the British Insurance Brokers’ Association has appointed a young ambassador to each of its 12 regions.
Towergate bolsters London broking teams with triple hire
Towergate has appointed former Willis development director Richard Morgan to the role of sales and service director for its newly established City branch.
Insurance Act: Get ready for change
The Insurance Act – the most important piece of legislation to affect the insurance industry for a century – will be a catalyst for the sector to abandon out-of-date practices and reassess the way it does business.