Broker
Solvent GI firms warned about PRA stance on schemes
Professional services giant KPMG has raised concerns that a draft supervisory statement issued by the Prudential Regulatory Authority suggests that the PRA no longer considers schemes an appropriate tool for solvent insurers.
Brightside chief questions Markerstudy's 'strange' valuation
Brightside's chief executive Martyn Holman has expressed confusion at the change in valuation that scuppered Markerstudy’s bid for the broker.
Bluefin to develop affinity proposition with new hire
Bluefin Insurance has appointed Jamie Eaton as Affinity development director, who will be responsible for growing the overall business and winning new affinity and commercial partners.
Willis unveils seafarer repatriation policy
Broking giant Willis has launched a new liability policy to cover costs from repatriating stranded seafarers.
Hong Kong's growing but competitive broking market
As the total amount of insurance premiums rise, brokers are seeing the benefits, however intense competition, recruiting talent and increased regulation are on brokers' minds. Nicky Burridge speaks to some leading brokers in the city.
Swinton profits to remain flat until 2015: Bardet
Swinton chief executive Christrophe Bardet said the broker may not post improved figures until 2015 after a steep drop in profits and turnover for 2012.
FCA fine not to blame for profit slump as Swinton plots job cuts
Swinton has attributed changes to its sales practices following regulatory action over the mis-selling of add-on products to a drop in its annual turnover last year, which sunk to £301.4m from £329.1m in 2011.
Ecclesiastical reveals increasing trend in specialisms
Around 60% of brokers across the UK believe there is an increased trend towards specialising, Ecclesiastical’s Specialist Broker Barometer has revealed.
Post magazine – 11 September 2013
This week's issue of Post is now available to subscribers.
BGL extends relationship with National Accident Helpline on PI claims
BGL and National Accident Helpline have reached an agreement, which will see Minster Law, part of BGL’s legal services business, and NAH work in closer harmony on personal injury claims.
Solicitors face premium hike following Berliner exit
Firms forced to shop around following Berliner’s exit from the solicitors' professional indemnity market could face significantly higher premiums for replacement cover, according to Marsh.
Axa reveals regional trading teams following broker feedback
Axa has unveiled its commercial lines and personal intermediary regional broking managers responsible for leading sales teams across the country.
Editor's comment: What’s on your wish list?
A J Gallagher is aiming to become a top-three retail broker with its £233m acquisition of Giles, but to achieve this market commentators have said it will need to put efficiency and synergies on its wish list, as its combined operation is estimated to…
Bluefin Network poaches pair of former Westinsure members
Bluefin Network has signed up two former Westinsure members from opposite ends of the country.
Poor GI results could see Capita sell broker businesses at knock-down price
Analysts doubtful firm could secure private equity backing
Proposals to block broker deals with unrated insurers snubbed by the market
Reid told onus is on brokers to ensure passporting firms are 'financially sound'
Redundancies predicted as Gallagher seeks synergies following Giles deal
Sources expect AJG to reduce number of regional offices to cut costs
Aon seeking buyer for Footman James
Aon-owned classic car and motorcycle broker Footman James is understood to be up for sale, according to sources close to the matter.
Biba urges FCA to leave brokers out of complaints review and focus on insurers
DLG, Aviva and Allianz are top three GI firms in terms of number of complaints
Reinsurers demand greater decision-making powers as wreck removal costs soar
Munich Re is calling for reinsurers to have more say in decisions relating to marine salvage and wreck-removal operations against the backdrop of increased politicisation and escalating costs surrounding the Costa Concordia cruise liner wreck.
Two men admit to laundering proceeds
Two men have pleaded guilty to laundering the proceeds of a nationwide motor insurance scam, which amassed over £5000 000.
Interview: Julian James: Creating an Allied World
Six months into his role as president of Allied World Europe, Julian James is targeting new lines and new regions as he plans to build a bigger and stronger business
Keelan Westall launches non-standard property broker team
Wholesale property broker Keelan Westall has unveiled a new non-standard broking team.
Capita puts insurance business up for sale
Outsourcing specialist Capita is preparing to offload its direct to customer insurance businesses following disappointing performance in the division, Post understands.