Broker
Pru Health adopts new ‘sustainable’ commission model
Pru Health has adopted what the health insurer believes to be a more sustainable and transparent commission model. From April, all small and medium enterprise new business has been written on a 10:10 commission basis, with 10% initial commission and 10%…
Power Place reaches online marketplace target
Power Place has achieved its target of 1000 brokers signed-up to use its online marketplace, with the addition of Compare Insurance.
Failure rates improve amongst UK SMEs
Experian’s latest Insolvency Index shows that the health of the UK’s micro and small business community improved in April.
Marsh and Mercer open Manchester office
The new Manchester office of subsidiaries Marsh and Mercer has been opened by Marsh & McLennan Companies president and CEO Brian Duperreault.
British Insurance Awards 2011: shortlist announced
Today the Post editor-in-chief Jonathan Swift is proud to unveil the shortlist for the 2011 British Insurance Awards.
Willis launches pay-as-you-go grey fleet cover
Willis has created an insurance scheme to address the insurance problems associated with allowing staff to drive their own cars on business – the so called grey fleet.
People moves – 26 May 2011
A round-up of people moves and new appointments in the industry, as featured in the 26 May 2011 edition of Post.
Towergate sets £25m target for new in-house e-trading arm
Towergate Underwriting has targeted an additional £25m in gross written premium once its new commercial e-trading proposition goes live this summer. The firm currently claims to control a total of £600m in GWP — of which £75m is through various software…
Career development & CSR: Top marks for Hastings pair
Two risk and compliance officers at Hastings Direct have gained top marks in a professional accreditation in compliance exam.
Career development & CSR: Giles in the Community launched to co-ordinate charitable efforts
Giles Insurance Brokers has launched an initiative to encourage staff involvement with charitable and voluntary organisations in the communities in which they operate.
Junction sees huge boost after B&B buy
A year after its acquisition of Bradford & Bingley's motor and home insurance business, Junction claims to have boosted new home policies by 200%, increased sales on its smaller motor book by 1000% and improved renewal rates by 25%. The firm has now…
View from the top: Together we're stronger
It's always good to reflect back on the Biba conference, given how quickly it goes when you're there.
Website Review: Confused
In the latest of its ongoing series, web performance specialist Gomez looks at Confused's website.
Career development & CSR: Bluefin wins regional apprenticeship award
Bluefin Insurance Services has fought off stiff competition, including underground maintenance firm Tube Lines and engineering specialist Babcock International Group, to be crowned large employer of the year in the London regional final of the…
Post history - 30 years ago: Sir Harold claims OFT is 'not needed'
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Fish eyes boutique growth after ex-Lockton partner hire
Private equity-backed broker Fish Insurance is set to make a play for boutique commercial insurance, following the hire of a former Lockton partner to spearhead a new division.
Bike aggregator expands in specialist motor niches
The new owner of The Bike Insurer is poised to expand into the specialist lines of caravan and classic car cover, with discussions underway with up to eight providers.
Lloyd's & London Market - Remuneration: War of the words
Lloyd's brokers are on the defensive after controversy surrounding commissions and fees re-emerged. But as underwriters demand clarity once and for all, are buyers happy as long as premiums stay low and their own charges stay transparent? Ralph Savage…
Former HSBC boss returns with new motor start-up
Martyn Capewell, the former chief executive of HSBC Insurance, is set to return with a new venture, in a further sign of a resurgence in the intermediated motor market.
Post magazine – 26 May 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Private sector businesses on the increase
The number of private sector businesses in the UK at the start of 2010 increased by 48,000 (1.1 per cent) since the start of 2009, statistics from the Department for Business, Innovation and Skills reveal.
PPI broker falls into administration
A payment protection insurance insurance broker, Wilmslow Financial Services, has gone into administration.
Transatlantic to launch UK personal lines brand - Insurance News Now – 26 May 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories that include how Transatlantic Re is poised to launch a new UK personal lines general insurance venture to capitalise on hardening premium rates in the motor market.
Kiln predicts “excellent” 2009 returns with outlook down for 2010
J Kiln & Co Limited, part of the Tokio Marine Group, has released forecasts for the 2009 and 2010 years of account – with 2009 set to make “excellent returns” and 2010 hit by major catastrophe activity.