Broker
Lloyd's appoints first representative in South Korea
Lloyd's has appointed Jin-Yung Sun as its first representative in South Korea.
Gallagher boss Chilton 'a mentor' for ex-CEO Ross
The appointment of Grahame Chilton as CEO of Arthur J Gallagher International comes just weeks after his predecessor David Ross described Chilton as a “mentor” and praised his ingenuity during his time at reinsurance broker Benfield.
Chilton named as Ross' successor as Gallagher international CEO
Arthur J Gallagher has appointed Grahame Chilton as CEO of the company’s UK-based international brokerage division.
Brokers think home insurance sector will be more competitive in 2015
In a survey of brokers working in personal lines, more than half said the biggest threat to growth will be growing competition from other brokers and direct insurers in 2015, according to research by LV Broker.
EBA and Partner Re Wholsale partner for Italian market
Underwriting agency EBA Insurance Services has announced a strategic partnership with Partner Re Wholesale, a new specialist insurance division of Partner Re.
Arthur J Gallagher buys Cohn Financial Group
Arthur J Gallagher has acquired Cohn Financial Group, an Arizona-based private placement life insurance distributor, for an undisclosed amount.
Guy Carpenter looks to Willis for analytics head
Matthew Eagle has been appointed international analytics head for Marsh reinsurance arm Guy Carpenter.
C-Suite: Taiwan lacking insurance provisions for food recall scandals
A senior Taiwanese broker argues that increasing fines is not enough to help Taiwan's food industry overcome several food recall scandals.
CMA no claims bonus deadline branded 'wholly unrealistic' and a distraction
Insurers and brokers have rejected the Competition and Markets Authority’s proposed deadline of 1 September for a protected no claims bonus remedy, declaring it “wholly unrealistic” and warning it could lead to market distortion.
Lance Armstrong ordered to pay insurance company £6.5m
Disgraced cyclist Lance Armstrong has been ordered to pay insurance company SCA Promotions $10m (£6.5m) in damages, in what is thought to be the largest award of sanctions assessed against an individual in American judicial history.
Q&A Theo Duchen and David McDonald: From Nairobi to Nottingham
Co-founders of Acturis Theo Duchen and David McDonald reveal how their recent acquisitions tie into their wider plan for international expansion
C-Suite - Broker: A positive outlook for MGAs
Managing general agents still have an influential role to play in the insurance landscape
Towergate restructuring deal expected to conclude in March
The consensual restructuring agreement between Towergate’s senior secured and senior unsecured lenders has received binding agreement from more than 75% of both sets of creditors by value.
Moody's tips Towergate Finance for potential upgrade
Moody's has placed the 'CAA2' ratings on Towergate Finance's senior secured notes and revolving credit facility on review pending a potential upgrade.
Steadfast buys underwriting agencies and broker from QBE
Australian insurance group Steadfast has bought two underwriting agencies and a broker from Australian giant QBE for A$290m (£147m).
Clear Insurance Management acquires Hibbert
Independent broker Clear Insurance Management has snapped up J H Hibbert.
LMA issues TRIA guidance note
The Lloyd's Market Association has issued a guidance note to the London insurance market on Terrorism Risk Insurance Act legislation.
Ex-Gallagher CFO Mugge follows Ross to Sierra
Former Arthur J Gallagher International chief financial officer Mark Mugge has been appointed CFO of Sierra Investment Holdings, the investment vehicle bidding for Towergate.
JLT sells 26.2% stake in French associate
Jardine Lloyd Thompson Group has sold its 26.2% stake in Milestone, the holding company of Siaci St Honoré, the broker's French Associate.
Europe: Q&A with Guenter Droese, chairman of European Captive Insurance and Reinsurance Owners` Association
Post speaks to Guenter Droese about the captive market and the potential impact of Solvency II
RSA director Coram joins Brightside as restructure claims two roles
Brightside Group has continued the restructuring of its senior team with the appointment of RSA’s Tony Coram as group chief operating officer.
Brokers welcome changes to 100-year old legislation as Insurance Bill gains Royal Assent
The British Insurance Brokers’ Association has welcomed the Insurance Act, which has today received Royal Assent.
Chinese broker given suspended death sentence
Chen Yi, former general manager at broker Shanghai Fanxin Insurance, has been given a suspended death sentence after being found guilty of mis-selling.
Towergate tight-lipped on potential job losses after Berwick office closure
Towergate staff based in Berwick have been informed they will need to consider roles elsewhere after the firm made the decision to close its borders-based office.