Broker
Marsh recruits new CEO from sister company
The board of Marsh today announced the appointment of Mark Weil as CEO in succession to Martin South, who was appointed CEO of Marsh Europe in January.
Weil grabs Marsh CEO role
Mark Weil has been announced as Martin South's successor as chief executive of Marsh's UK and Ireland operations.
RK Harrison buys up Marsh businesses
RK Harrison has acquired four businesses from Marsh UK-owned Gibbs Hartley Cooper.
Revenue rises 50% for newly listed Allanfield
Real estate broker Allanfield has reported a 50.7% rise in revenue to £2.28m (2010: £1.51m) in its first set of results since listing on the Alternative Investment Market in August.
RFIB transfers Australian energy business to Tolehouse Risk Services
RFIB and Tolehouse Risk Services have announced the transfer of ownership of RFIB Energy Australia to Tolehouse effective 30 June 2012.
Brit boss Cooter 'continues to assist' in QBE integration
Former Brit director of market management and regional operations Simon Cooter may yet have a part to play following the QBE UK and Ireland regional restructure.
QBE identifies regional leaders in UK and Ireland restructure
QBE has unveiled a string of managerial appointments as part of a UK and Ireland restructuring process following the acquisition of Brit's regional operations.
XL launches five-strong product suite
The XL Group has today launched a suite of five products designed partly to respond directly to clients' concerns about clarity and certainty in the claims notification process.
Allianz issues top tips on keeping property safe during Jubilee weekend
Allianz Retail is advising brokers and customers on how to make sure their possessions and properties are secure during the Jubilee festivities.
Hyperion IPO to reach 'critical mass'
Hyperion's acquisition of Windsor will boost the international broker's chances of a successful IPO, analysts have said.
Hyperion completes Windsor takeover deal
International insurance intermediary group Hyperion has confirmed it will acquire Lloyd's broker Windsor from the management and employees and their institutional backer Hutton Collins.
DLG latest firm to support OFT's credit hire referral
The Direct Line Group has become the latest insurer to back the Office of Fair Trading's decision to provisionally refer the study into vehicle repair services to the Competition Commission.
Apil applauds investigation into motor insurers' "grubby practices"
The Association of Personal Injury Lawyers has claimed that motor insurers have "finally been caught with their hands in the cookie jar" following the Office of Fair Trading decision to refer the sector to the Competition Commission.
LV Broker launches ABC Home on Open GI
The new deal follows the success of the ABC car insurance product on the platform and is part of LV Broker's continuing strategy to strengthen its electronically traded product range.
Industry must work together to tackle motor insurance costs, says Mass chairwoman
The Motor Accident Solicitors Society has called the Office of Fair Trading report into the third-party vehicle repairs issue the "tip of the iceberg" with a Competition Commission investigation almost inevitable.
OFT to refer credit hire study to Competition Commission
The Office of Fair Trading has provisionally decided to refer the private motor insurance market study to the Competition Commission after finding that insurers were too "distracted" with lowering costs and pushing up rivals' premiums to provide…
Coversure opens Devon office
Coversure Insurance Services has opened an office in Ilfracombe.
FSA hits back at Solvency II gold-plating concerns
The Financial Services Authority has hit back at criticism that it is gold-plating regulation and adopting an "audit approach" to Solvency II, claiming it is ensuring that all the directive requirements are met.
ABI boss warns of unco-ordinated regulation rush in push to twin peaks
The insurance market has been warned that there is a "danger" of regulation being rushed through, as a number of unanswered questions remain in the run up to new financial regulation next year.
Giles rejects IPO, claiming 15% rise in 2011 operating earnings beats peers
Strategic acquisitions in 2012 by consolidator Giles could still rival those from 2011 by value, if not frequency, despite a renewed focus on organic growth, as it looks to bolster specialisms and close gaps in its geographic footprint.
Cobra takeover deadline extended as only Alto remains in the running
The protracted sale of Cobra, which has recently ended up as a one-horse race, has sparked debate among industry insiders as to whether networks represent limited appeal.
Application fraud: Revving up rates
In an effort to bring down premiums, many drivers are telling 'white lies' on their application forms, compelling brokers to beef up their own fraud detection alongside insurers.
Market moves: A busy week for recruitment
Insurers were the most active recruiters in the industry this week, with Canopius, Mapfre, Zurich and Ace all welcoming new arrivals to their teams. It was also a busy seven days in the broking sector, after BGL, Giles, Miller and Aon made significant…
Four candidates win place on LMA board following 2012 election
The Lloyd's Market Association has named four successful candidates in the 2012 election for membership to its board.