Broker
Broker Network membership rises in Q3
Broker Network welcomed 11 brokers to the network over the third quarter of 2013, an increase from the 5 and 8 new members that signed up for the first and second quarters of 2013, respectively.
Penny Black's Insurance Week - 31 October 2013
Law Society chairman Des Hudson shared a joke with his audience during his speech at the annual Motor Accident Solicitors Society conference this week.
C-Suite: All brokers can benefit from MGAs
How hip can managing general agents be? In UK commercial broking, MGAs have become a must-have accessory, with most of the big brokers bolting on MGAs to their distribution portfolios.
Biba restructure reflects greater focus on engagement with membership
Regional membership divisions replaced by segment-based approach.
Giles acquisition to be completed in November
Arthur J Gallagher will complete the Giles acquisition in early November, after originally anticipating the £233m deal could be completed this month.
GI sector fears ABI restructure will push its issues down the pecking order
General Insurance will merge with life and pensions and be led by Huw Evans.
Willis reports $27m net loss
Willis Group has posted a total net loss of $27m (£16.83m) for the third quarter of 2013, cutting the broker's profit by 17% for the first nine month of the year.
Editors comment: Trick or treat?
Aviva has done it this year, as has QBE, while brokers such as Towergate have got in on the act too – but now it seems it’s the trade bodies’ turn to follow suit.
Career development: Marsh young claims professionals event
Broking giant Marsh sold out its first event for young claims professionals earlier this month.
Career file: Simon Trott - Sales and service CEO Trott exits Towergate
Towergate sales and service chief executive Simon Trott has left the consolidator after 10 years at the firm.
Market Moves: Busy insurers make a raft of hires along with a number of key departures
Insurers led the way in a recruitment frenzy this week. AIG swooped for a head of commercial property, while Hardy acquired a property treaty business unit manager. There were departures too, with QBE’s Steven Burns announcing retirement from full time…
Motor Insurance: Jumping the gun
Motor insurers’ over-eagerness to reap the anticipated benefits of the Legal Aid, Sentencing and Punishment of Offenders Act has resulted in a sharp drop in rates. With unprofitability increasing, where does the sector go from here?
Biba given green light by members to instigate strategic restructure
The British Insurance Brokers’ Association has today rubber stamped proposals to restructure its membership and governance models outlined in its strategic review amid overwhelming support from members.
LV CEO predicting motor rates recovery as GWP continues to fall
LV group chief executive Mike Rogers has blamed falling motor premiums for a £20m drop in the firm’s general insurance gross written premium total for the opening nine months of the year.
Hanks named Purple Partnership non-exec chair
Former Allianz Commercial boss Chris Hanks has been named non-executive chairman of Jelf-owned broker network Purple Partnership.
Bluefin appoints new head of trade credit
Bluefin has appointed Stuart Grice as head of trade credit, with immediate effect.
Aon increases profit and revenue in Q3
Aon has reported organic revenue growth of 3% with total revenue of $2.8bn (£1.7bn) in quarter three of 2013.
Aon records profit and revenue growth in Q3
Aon has reported organic revenue growth of 3% with total revenue of $2.8bn (£1.7bn) in quarter three of 2013.
LV Broker home product available on the Source
LV Broker’s ABC home insurance product is now available on the Source, a platform used by mortgage advisers and IFAs to access general insurance products.
Gallagher purchases California-based broker
Arthur J Gallagher has completed a deal for GS Levine, a San Diego based insurance broker established in 1987.
Insurance Insight Q&A: Brandon Hui, CEO, Groveland Financial Services
Insurance Insight speaks to Brandon Hui, director and CEO of Hong Kong-based insurance broker Groveland Financial Services (pictured is the company's logo).
Bluedrop first to run Ebroker for Power Place
Southampton-based broker Bluedrop is the first to run a SME e-trading software offering from Power Place and Open GI.
Bradford-based broker agrees refinance deal with Yorkshire Bank
Bosses at Beaumonts Insurance Brokers are hopeful a refinance deal agreed with Yorkshire Bank will allow the business to continue with its acquisitive growth plans.
Ex-Oval boss Herdman named Prism Network chairman
Former Oval group managing director Jeff Herdman has been named non-executive chairman at building repairs specialist Prism Network.