Broker
Penny Black’s Insurance Week - 27 March 2014
Penny was happily discussing sporting hobbies with US Risk UK boss Mike Lobb this week, when things took a turn for the sinister.
Marsh's networks division handling over £225m GWP
Marsh’s UK network’s division saw over 25% growth year on year in 2012 and 2013 and is now handling over £225m gross written premium, delegates at the broker’s networks conference heard today.
Market moves - 27 March 2014
A round up of who has moved where in the market this week.
In Series: Mid-corporate Risks: Taking the risk away
Risk management provides a welcome opportunity for brokers and insurers after years of recession – but they must provide a united front to take full advantage.
C-Suite – Insurer: Continually adapting K&R
With criminals devising ever more sophisticated ways to extort money from victims, kidnap and ransom insurance is continually having to adapt.
Ipswich motor broker Ignition Select teams up with Open GI
Software provider Open GI has confirmed it has reached a three-year deal with newly launched broker Ignition Select.
Howden unveils fine art and specie division
Howden Broking Group has launched its fine art and specie division, which will be led by managing director Mark Gregson who joins from Lloyd & Partners.
C-Suite: Preparing for ASEAN 2015
By the end of 2015, the ASEAN will be united in a common regional market, the ASEAN Economic Community. This will present great opportunities but countries need to be fully prepared.
Insurance growth action plan boosted by Brokerbility Academy
Brokerbility has launched an academy scheme in a bid to attract people of all ages into the insurance profession as part of the independent broking group's contribution to the government’s insurance growth action plan commitment.
Tim Ryan to lead Biba's networks and MGA advisory board
The British Insurance Brokers' Association has appointed Ryan Insurance Group managing director Tim Ryan to head its new networks and managing general agents' advisory board, Post’s sister title Insurance Age has revealed.
Biba motor panel chair Briscoe hands over reins
The British Insurance Brokers’ Association has appointed Gallagher Bassett branch manager George Nicol to replace Allan Briscoe as chairman of its motor panel.
Low end HNW homeowners hit with steepest premium increases
The lower end of the high net worth market was hit with the biggest percentage increases in 2013 according to private client broker Castleacre’s high net worth property index.
Frank Pickles goes live on The Broker Cloud
Frank Pickles has adopted The Broker Cloud’s software solution for motorhome and kit car.
Willis launches representative office in Myanmar
Broker Willis has opened a representative office in Myanmar following a “growing wave of interest” from clients.
External forces driving risk management transparency says Guy Carp
Transparency on risk management targets and practices is improving according to reinsurance broker Guy Carpenter, with regulatory and market forces said to continue the trend.
Besso fine is 'stark reminder' of costs of non-compliance
The fine incurred today by Besso should serve as a cautionary tale for other brokers according to Anton Luck, partner at accountancy firm Moore Stephens
Miller recruits from Asia Capital Re to develop regional reinsurance book
Miller has recruited a non-marine treaty reinsurance specialist from Asia Capital Re to bolster its presence in Asia.
Howden to acquire Colombian reinsurance broker
Howden has completed a deal to acquire a Bogota-based reinsurance broker, pending regulatory approval.
Besso fined £315 000 by FCA
Broker Besso has been fined £315 000 by the Financial Conduct Authority for failing to take reasonable care to maintain controls against the risks of bribery and corruption.
Towergate acquires four regional broking operations
Towergate chief executive Mark Hodges has heralded continued “acquisition momentum” in 2014 after agreeing deals to take on four regional broking businesses.
Editor's comment: Joining forces to finish the race
Brokers and insurers could be described as having a love-hate relationship – like Roadrunner and Wile E Coyote.
Personal lines brokers told to shore up data defences after Aviva breach
PRA and FCA expected to increase scrutiny of data protection systems.
Brokers warned to scrutinise TOBAs ahead of new employers’ liability rules
Insurers could pass on fines to firms failing to obtain employee reference numbers.
Career file - Amanda Fox: Paymentshield swoops for Swinton's Fox
Towergate subsidiary Paymentshield has appointed Amanda Fox as insurer relations director.