Broker
Chinese broker under investigation for huge fraud
It is understood Chen Yi, general manager at Shanghai Fanxin Insurance, has left China for Canada as the broker is investigated for fraud.
Applied systems targets product innovation following Insurecom deal
Applied Systems hopes to bring a range of new products to the UK insurance market following its acquisition of UK-based software business Insurecom.
PostCast - Issue 2 - 15/22 August
The team discuss the news, features and interviews from the 15/22 August edition of Post Magazine. Hosted by Post editor Stephanie Denton.
Aon and QBE extend solicitors' PI reach following XL market cutback
Aon Risk Solutions has extended its exclusive arrangement with QBE Europe for solicitors’ professional indemnity to include one to three partner firms.
Power Place reinforces broker commitments with double hire
Power Place has added two regional broker account managers to its business development team in the form of Steve Lacey and Daniel Sandbrook.
Brokers urged to snap up A-level students unsure on university
Insurance brokers have been advised to channel into a growing number of capable A-level students who are reticent to attend university by offering them a job straight from school.
Touchstone unveils online broker service with Websure
London managing general agent Touchstone Underwriting is to launch an online service for specialist brokers, in collaboration with Websure.
New senior fleet underwriter for Xbroker
Moorhouse subsidiary Xbroker has appointed David Grimsey as senior fleet underwriter.
PMI players to roll out extended cover as NHS standards slip
Private medical insurers have vowed to take advantage of declining confidence in the National Health Service by extending their cover, offering higher payouts and providing more innovation.
THB strengthens Portuguese team with Ricardo Borges’ return
Former THB employee Ricardo Borges is returning to the company to take up a director role based in the European Division’s Amsterdam office.
Post magazine – 15 August 2013
This week's issue of Post is now available to subscribers.
Insurecom acquired by Applied Systems
UK-based insurance software provider Insurecom has been acquired by Applied Systems for an undisclosed fee.
SME flood cover in doubt as Biba battles for its inclusion in Flood Re
Industry-backed affordable flood insurance was never intended to cover small businesses, according to the Association of British Insurers.
Willis weeks away from major deals with London market insurers
Plans by Willis to launch a scheme similar in structure to the deal that saw Aon team up with Berkshire Hathaway come amid criticism of such arrangements.
FCA denies review was sparked by broker’s remuneration issues
The Financial Conduct Authority has distanced itself from claims its thematic review into brokers’ conflicts of interest was triggered by an investigation into a broker that revealed issues with its remuneration practices.
Market fears unrated insurers could take advantage as XL cuts solicitors’ PI book
XL’s withdrawal from the solicitors’ professional indemnity market for smaller firms has sparked fears that some companies could be pushed further into the arms of unrated carriers.
Bluefin names former Biba boss Galbraith as non-exec
Axa-owned broker Bluefin has recruited the former chief executive of the British Insurance Brokers’ Association as a non-executive director.
South makes Asia senior team promotions at Marsh
Martin South, chief executive officer of Marsh Asia-Pacific, has promoted several key staff in positions across Asia.
Career development: Groupama's motorcycle team step into motorcyclists' boots
Groupama Insurances, soon to be Ageas, has put its motorcycle claims team through a series of training sessions to help them understand the needs of policyholders when handling claims.
Career file:Jon Mainwaring - Former Axa broking channel manager takes on Midas Underwriting role
Midas Underwriting has appointed Jon Mainwaring as director of broker development for the southern region.
Market moves: Insurers on top as appointments enter summer lull
Insurers eclipsed brokers in the recruitment race this week, as appointment activity entered its summer lull. QBE property director Finlay Smith returned to RSA and notable hires were also completed at Novae and Covéa, where commercial lines director…
View from the Top: Don’t let data leave you behind
So, after my 20-month holiday, what’s new in the market? Well, you are certainly all a bit greyer around the temples.
Kerry London marks Lloyd's accreditation with MD hire
The accreditation of Kerry London as a Lloyd’s broker has coincided with the appointment of Marsh’s Nick Pay as managing director.
Biba vents concerns over flood cover in consultation response
The British Insurance Brokers' Association is concerned small businesses currently covered under the Statement of Principles will not be covered by the four proposals outlined in the government consultation on the future of flood cover.