Broker
Fines predicted in conflict of interest review fall-out
Industry fines following the Financial Conduct Authority review of brokers' conflicts of interests are likely to be handed out in a matter of months, accounting firm Moore Stephens predicts.
Solicitors face being struck-off over PI non-diclosure
Twenty-three law firms face being struck off if an investigation by the Solicitors Regulation Authority finds they withheld information in order to gain professional indemnity cover.
Ex-Guy Carpenter boss Flandro joins JLT Towers Re
JLT Towers Re has swooped to make Guy Carpenter’s David Flandro its global head of strategic advisory.
FCA finds brokers not properly managing conflicts
The Financial Conduct Authority has found conflicts within brokers are not being properly managed particularly around add-on insurance and premium finance.
UK General shrinks commercial broker partnerships
UK General is reducing the number of broker relationships in its commercial division in a bid to deliver “an improved, tailored service” the Leeds-based insurer said today.
Willis strengthens Swedish operation with £121m acquisition
Willis Group has paid $205m (£121m) to acquire a controlling stake of approximately 75% in Swedish employee benefits advisor Max Matthiessen.
The Broker Cloud wins Simple and Smart Order
Transactor offshoot The Broker Cloud has been selected to provide a software solution for Birmingham-based broker Simple and Smart Insurance.
Membership satisfaction highest since 2007, claims Broker Network
Broker Network has claimed satisfaction among members is at its highest level in seven years and that contentment among staff is also on the rise.
Axa tops Brokerbility's insurer service poll
Axa received the highest satisfaction score in Brokerbility’s biannual survey of insurer service standards.
BIBA Fever episode five: So long, and thanks for all the jellybeans
One week on from the close of the British Insurance Brokers’ Association conference in Manchester and Post reflects on the event in the final episode of Biba Fever 2014.
Gallagher subsidiary to become captive giant following HIM deal
Artex Risk Solutions has tied up its first acquisition outside of North America in the form of the specialist captive and insurance management arm of Guernsey-headquartered Heritage Group.
RSA ‘absolutely’ committed to UK motor despite axing 800 brokers
RSA has reaffirmed its commitment to the UK motor market in spite of its decision to sever ties with personal lines brokers where portfolios are dominated by the troubled business class.
RSA cutting more than a third of personal motor brokers
RSA is to reduce the number of personal motor broker relationships by 35%, axing partnerships primarily led by motor cover.
Marsh appoints Bramall to head national corporate practice
Marsh has appointed David Bramall as head of placement within its national corporate practice.
Schemes growth targeted by One Broker following latest purchase
One Broker has set its sights bolstering its presence in the schemes arena following the acquisition of Cambridge-based N W Brown Insurance Brokers.
BMS sells £30m minority stake to PE investor
BMS Associates has sold a £30m ($50.7m) minority stake to private equity investor Capital Z in a bid to support expansion of both Lloyd's broker BMS and underwriting agency Pioneer.
Rivals set to swoop for Broker Network members as hunt for new CEO begins
Network-jumping between rivals tipped to increase as competition hots up
Homeserve UK profits half in three years
Homeserve has seen its UK profits slump to £53.4m, just over half of its equivalent figure of £104.3m in 2011.
Fall in general insurance complaints to FOS linked to FCA investigations
Motor remains most-complained-about class of business
C-Suite - Insurer: Brokers adapting and surviving
The broker channel is coping comparatively well in the tricky personal lines marketplace
Interview: Mark Cliff: Moving on up
Ageas broking boss Mark Cliff tells Post how he plans to use growth, simplification and people power to propel the firm into the top three UK personal lines intermediaries
BIA Countdown: Marketing moguls reflect on 20 years of the BIAs
As part of Post’s countdown to the 20th anniversary of the British Insurance Awards in July, we spoke to the major insurers who have experienced wins in the marketing category over the years, asking them how the industry has changed since the first BIAs.
Penny Black's Insurance Week - 22/29 May 2014
Penny loves a jaunt, so gleefully dusted off her carriage and headed to Manchester last week for the Biba conference.
Market Moves - 22/29 May 2014
All the latest job moves in the insurance market