Broker
Munich Re leads Pool Re's £1.8bn reinsurance programme
Government-backed terror scheme Pool Re has purchased reinsurance in the commercial market for the first time in its history.
Lloyd's recruits Asia-Pacific broker head
Lloyd's has appointed Chris Rummery in a newly created role - senior market development manager for Asia-Pacific.
CMA proposes August 2016 deadline for no claims bonus remedy
The Competition and Markets Authority appears to have heeded industry pleas to extend the deadline for implementing its no claims bonus remedy.
5 things we didn't know this time last week
It's been a busy week in the news with Towergate and Gallagher swapping staff and insurers puffing out their chests to reveal their results so you might be forgiven for missing other news that has happened this week.
Besso CEO Marshall resigns
Besso CEO Colin Marshall has resigned from his post after 30 years with the company.
Biba poll finds 29% of SMEs not reading full policy terms
More than a quarter of British SMEs are failing to read the terms of their insurance policy in full, according to a poll carried out by the British Insurance Brokers’ Association.
FCA whistleblowing proposals to cost large firms £280,000
A Financial Conduct Authority consultation that would require insurers to implement formal whistleblowing procedures has an indicative annual cost of £280,000 for large firms.
Marsh calls for universal all-risk business interruption
Marsh has urged the insurance industry to work towards establishing an all-risk business interruption policy.
Rea leaves Towergate as executive team unveiled
Towergate chief operating officer Michael Rea is exiting the broker as the company today confirmed its executive team.
Video - Expertise from A-Z: Stephanie Ogden, Allianz
Despite companies being reportedly twice as likely to have a directors’ and officers’ claims as a property one, D&O is still proving a hard sell for many brokers, especially in the SME space.
Directors’ and Officers’: We need to talk
SMEs need to be informed of the benefits of directors' and officers' insurance and that conversation must be initiated by brokers
Directors’ and Officers’: Time for expansion
With the modern ‘blame culture’, directors’ and officers’ cover should be an easy sell – so what is holding it back and how can this be overcome?
Willis lines up 49% stake in India's Almondz
Willis has agreed to purchase a 49% stake in Almondz Insurance Brokers subject to the Indian foreign investment cap being increased by Parliament.
Covéa confirms acquisition of Sterling
Covéa’s acquisition of Sterling has been given the green light by the Prudential Regulation Authority.
Editor's comment: A game of musical chairs?
Anyone watching insurance from the outside might well believe that the sector is currently playing an elaborate game of musical chairs with staff constantly moving from one broker to another.
Chilton encouraged to answer retail question mark with senior hires
Arthur J Gallagher International CEO Grahame Chilton must prioritise replenishing his senior team if he is to thrive at the broker, according to market peers, who have highlighted a lack of UK retail experience as a potential obstacle.
Broker Consolidation: When two become one
Merger and acquisition activity in the broker sector is set to continue in 2015. What are the potential pitfalls and how can they be avoided?
Europe: Opportunities in Middle and Eastern Europe despite geopolitical risks
Despite the Russian-Ukraine crisis, 2014 brought hope of a revival for the regional market in Middle and Eastern Europe. Economic prospects have been positive, regardless of the continual geopo
C-Suite - Broker: Wanted: politician for apprenticeship
Partisan politics and short-term thinking hinder the insurance sector. What can be done to change this?
Former FSA boss in frame to replace Lyons at Towergate
John Tiner, former CEO of the Financial Services Authority, is a contender to replace Alastair Lyons as chairman of Towergate according to a report.
AJG International CEO Chilton defends retail credentials
New Arthur J Gallagher international CEO Grahame ‘Chily’ Chilton has hit back at claims he lacks retail experience in his first interview since assuming the role.
Who killed Lucy Beale has nothing on AJ Gallagher - Towergate for soapy intrigue
It is amazing how often words come back to haunt people.
CMA inviting comments on Willis and Miller merger
The Competition and Markets Authority is asking for comments on the anticipated acquisition by Willis Group Holdings of Miller Insurance Services.
Brown and Deakin to join Towergate
Arthur J Gallagher’s commercial director Janice Deakin and executive chairman of underwriting and distribution Adrian Brown have both agreed to follow former boss David Ross to Towergate.