Broker
Hardy chairman blames 'challenging years' for £50m losses
Hardy Underwriting Bermuda chairman David Mann has bemoaned the past two "challenging years" for a loss before tax of £42.1m against the previous year's £10m profit.
Ai Claims revenue hit by warmer winter weather
Ai Claims has posted a 21% drop in revenue to £47.5m (from £60.1m in December 2010) for the six months to 31 December 2011, citing warmer winter weather and shorter repair times.
Overseas revenue surge drives 13% pre-tax profit rise at JLT
Strong retail revenue growth and margins in Asia and Latin America helped offset difficult trading environments in Europe and Canada to deliver an overall 13% pre-tax profit rise for Jardine Lloyd Thompson for the full-year ending 31 December 2011.
Groupama and Brit hit snags as they try to shortlist potential buyers
Industry big-hitters linked to Direct Line Group chairman role
My best 11: Jon Bates, APC Underwriting
APC Underwriting operations director Jon Bates selects his best XI for an insurance startup. Bates has snubbed the Premier League, with a team dominated by brokers and fellow underwriting agency players, including his boss as captain, with the surprise…
Market moves: Insurers dominate again
Zurich made two high-profile appointments this week, as the recruitment space was once again dominated by insurers.
Experts play down fears of wider trend as two brokers slip into administration
Fears that smaller brokers are coming under increased pressure — after two independent firms slipped into administration in a week — have been downplayed by Eric Galbraith (pictured) who claims "the market is as competitive as ever".
In Series: Emerging Markets - The India of today
With the civil society movement setting the agenda against corruption, and a growing middle class, India is a market ripe for insurers.
The rise of King Artur: interview with Garwyn CEO Artur Niemczewski
After his grandparents escaped the clutches of the Nazis during the Second World War, Artur Niemczewski spent his formative years in communist Poland. The recently appointed Garwyn chief executive reflects on his past as a nuclear scientist and outlines…
Commercial Underwriting: Future Frontiers - the world of tomorrow
With the UK commercial insurance market poised to undergo significant change, management consultancy Oliver Wyman visited the year 2022 as part of its Future Frontier Insurance report to glimpse the future of the sector.
Broker Focus: Schemes - Time to get scheming?
Specialist insurance schemes can offer enormous benefits for niche customers. But do they represent good business — and how can brokers make them successful?
Telematics: Aggregators - the future of motor insurance
As young drivers are priced out of the market, could the emergence of telematics bring an end to the dominance of the traditional big four aggregators, as others seek to take a share of the market?
Post magazine – 1 March 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Riverbourne assets snapped up by Aston Scott and The Insurance Partnership
The administrator at the heart of the sale of assets belonging to The Riverbourne Group has revealed Aston Scott and The Insurance Partnership have emerged as successful buyers ahead of "a lot of interested parties".
Towergate makes two acquisitions
Towergate Insurance has acquired Centenary Insurance and William Rogers Insurance Brokers.
La-Band vows to build London presence at Quorum following MBO agreement
Crawford & Company's departing global markets vice president Michael La-Band has outlined his intention to establish a London presence at his new employer - international loss adjusting firm Quorum - following his imminent move to Mexico.
Financial strength rating becomes key for commercial brokers
High-grade insurance financial strength ratings have become much more essential to commercial brokers when they evaluate where to place risks, according to research from NIG.
HSB Engineering Insurance promotes broker distribution boss James
HSB Engineering Insurance has promoted Tim James to the position of group sales manager, a role which involves responsibility for the firm's broker distribution strategy.
Chester broking boss eases client fears following purchase of stricken rival
Chester-based broker Risk Services has forged the largest independent firm in the city following the purchase of former rival Astbury Wren, days after it went into administration.
Tysers snaps up Ropner team to head up North American D&F operation
International Lloyd's broker Tysers has snapped up a three-strong management team from Ropner Insurance Services to head up the firm's direct and facultative property operation in the North American international specialty division.
Equity affinity signs up Provident
IAG's UK affinity business Equity Insurance Partnerships has signed up Halifax-based Provident Insurance to its motor panel.
JLT Re nabs Lawrence from Aon Benfield
JLT Reinsurance Brokers has appointed Mark Lawrence from Aon Benfield as head of client and market development.
Home of Hampshire cricket rebranded as 'The Ageas Bowl'
The Rose Bowl, the home of Hampshire cricket, will now be known as 'The Ageas Bowl' following a six-year partnership deal.
Allianz admits to Accident Exchange settlement
Allianz has confirmed it has paid a "six figure" out of court settlement to credit hirer Accident Exchange for using the now defunct rate surveyor Autofocus.