Broker
Blog: State of the Broking Nation Findings, Week 3
LV's Mike Crane looks at the issues raised by this week's State of the Broking Nation research, which canvassed broker opinion on networks and consolidation
Towergate's McAusland to run Tasker Insurance Norfolk office
Tasker Insurance Group has opened a Norfolk office to be led by former Towergate Risk Solutions managing director Alex McAusland.
Insurance industry distances itself from disgraced former Swinton execs
Axa has denied that former Swinton director Nick Bowyer has ever been an employee of its appointed representative Drivology after he was censured by the Financial Conduct Authority.
No plans for Ageas Retail redundancies ‘at the moment’ says Watson
Ageas UK CEO Andy Watson has said the insurer has no current plans for redundancies in Ageas Retail as the insurer seeks to make cost savings across its intermediary business, though he conceded it remains too early to be certain.
Blog: Smarter SME-trading
Allison Hughes of Ageas looks at the benefits of e-trading solutions for brokers dealing with SMEs
Hyperion and RK Harrison in exclusive merger talks
Hyperion has entered into exclusive talks to acquire RK Harrison over a potential merger, creating a broker described as “the pre-eminent international and UK retail distribution network”.
Research: State of the Broking Nation Part 3: Networks and Consolidation
The value and the role of networks and the question of who benefits most from their involvement in the distribution chain are among the themes discussed this week in the third instalment of the State of The Broking Nation. But to begin with, as the…
Market Moves - 6 November 2014
All the latest job moves in the insurance market.
Former Brightside director Freer joins Strategic Insurance Services
Christian Freer has joined niche insurer Strategic Insurance Services as its first commercial director to develop and lead product distribution in the motor arena.
Seven insurers appointed to Towergate SME panel
Towergate has reached agreements with seven insurers to form a commercial panel for sub £5000 premium standard SME business.
Aon Benfield swoops for Adriatic reinsurance broker
Aon Benfield has purchased a Greece and Cyprus focused reinsurance broker, recruiting 11 local staff in the process.
Lorica snaps up Gallagher Scotland and NI boss McEwan for regional role
Arthur J Gallagher’s Scotland and Northern Ireland regional managing director Alan McEwan has joined Lorica Insurance Brokers as regional director.
Axa retains top spot in Brokerbility satisfaction survey
Axa has once again been ranked highest in a bi-annual satisfaction survey of Brokerbility members.
JLT CEO Burke ‘cautious’ despite accelerating US specialty spending
JLT CEO Dominic Burke has expressed caution over the broker’s full year performance, despite announcing plans to step up its spending into newly launched US business JLT Specialty, accelerating previously planned spending into this year.
Aon Q3 broking revenues inch up 1%
Total revenues for Q3 in Aon’s broking operations have climbed just 1% on a year-on-year basis.
Insurers likely to benefit as Treasury looks to hike Pool Re fee
The government’s attempt to increase the fees it receives from Pool Re will provide substantial growth opportunities for independent insurers as buyers look for alternative cover, according to Lockton’s terrorism head.
Europe: Environmental Liability Directive – the polluter pays principle
On 30 April, 2007 the European Directive 2004/35/EC, regarding the prevention and remedying of environmental damage, had to be transposed into local legislation by all European member states.
Jelf adds LV products to panel after strengthening partnership deal
LV has become a strategic partner of broker Jelf in a deal that will see all of the insurer’s commercial products available through the Jelf panel.
Willis and Miller a good cultural fit says Hearn
Willis deputy CEO Steve Hearn has expressed confidence in the shared values and cultures between his own business and its potential purchase Miller.
Insurers defend service levels in wake of broker criticism
Insurers have been quick to defend their service levels and approach to relationship-building after brokers surveyed by Post considered firms were left wanting in these areas.
Blog: State of the Broking Nation Findings, Week 2
Michael Lawrence of LV takes a look at the findings from this week's State of the Broking Nation research, which looked at commission and politics
AA criticises climate change report findings on 'insufficient' flood defences
AA Insurance has called a Committee on Climate Change report suggesting flood defence investment in UK urban areas is insufficient "disappointing".
Gallagher records year-to-date acquisition costs of £25m
Arthur J Gallagher saw a 38% increase in adjusted revenues in its brokerage and risk management segments for the third quarter of 2014 while acquisitions in the year-to-date have cost the US broker $40.6m (£25m).
Willis Group reports £4.3m net loss for Q3 as UK retail grows
Willis Group reported a net loss of $7m (£4.3m) in the third quarter of 2014 as Willis UK retail achieved modest growth for the global broker.