Broker
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.
Deputy Editor's Comment: Looking beyond the EU rhetoric
Is it impossible for anyone in public office to talk about the European Union without expressing or feigning anger for their own side’s short-term political gain? It seems that way this week.
Research: State of the Broking Nation Part 2: Regulation, Commission & Politics
In the second in a series of reports covering brokers’ views of the issues affecting their sector, Post this week asks 20 senior industry figures their thoughts on regulation, commission and politics.
Market Moves - 30 October 2014
All the latest job moves in the insurance market.
Webinar: Imagining a market beyond price comparison
Earlier this year the aggregator space has found itself in the crosshairs of the latest Financial Conduct Authority (FCA) thematic review.
C-Suite - Broker: Look on the bright side of motor
“More pain predicted’, ‘Motor sector faces fresh scrutiny’, ‘Not seeing sustained recovery’... A quick search for motor insurance stories on the internet is far from cheerful reading.
Towergate appoints Tim Redburn for interim planning role
Towergate has appointed former Barbon chairman Tim Redburn as interim group planning director to help with ongoing changes at the consolidator in the wake of group CEO Mark Hodges' resignation this month.
Trade Voice: A taxing time for MGAs
A few years ago HM Revenue and Customs ran an advert with the slogan ‘Tax doesn’t have to be taxing’. However, for managing general agents, this may not necessarily ring true.
Brokers criticise Aviva and RSA for lack of consistency
Insurance brokers are looking for a consistent strategy and team at the top from their insurer partners and anything else might make them think twice about where they place their clients' business.
Broker Coleman welcomes two new MDs
Pool-based Coleman Insurance Brokers has welcomed two new managing directors to its board.