News
Aon releases marine risk report
The marine industry is set for a continued run of favourable insurance premiums in 2008, despite facing higher risks.
Towers Perrin opens in France
Towers Perrin has announced it is opening a reinsurance intermediary business in France and has appointed Serge Mussard as managing director of its new reinsurance operation, and Daniel Schlegel as executive director.
Insurance fraud comes under the television spotlight
Insurance fraud comes under the spotlight twice this week with a documentary and a drama tackling the issue from different angles.
Global broking giant to sell Irish business and reinsurance arm
Global broking giant Arthur J Gallagher has confirmed reports it plans to sell its reinsurance broking arm.
Heath bolsters Manchester office
Heath Lambert has announced that as of 1 February 2008 Tom Hayes will be assuming the role of head of office for the group’s Manchester office.
Kennedys law firm expands
Kennedys is pleased to announce that on 1 February it will be opening its new office in Manchester in response to client demand.
MRG reveals 2007 progress and 2008 targets
The London market has made significant progress in meeting its goal of reforming business processes during 2007 the Market Reform Group announced today.
Midlands law firm sees growth
Birmingham law firm Blakemores has announced a massive expansion in its injury and insurance claims department in the last three months.
IIB plans Paddick memorial
Barbara Bradshaw, Institute of Insurance Brokers director, has announced that Andrew Paddick’s funeral will be private, but the institute will be organising a memorial service in London during the spring.
Overseas property specislist extends coverage
Harrison Beaumont Insurance Services (HBIS), the overseas property insurance specialist has extended its comprehensive overseas property insurance to cover a further 14 countries, bringing its portfolio to 32.
Towergate adds to Scottish presence
Towergate Partnership has acquired Scottish insurance broking firm McAra Associates. Under the deal, all staff and directors have made the move to Towergate and will continue to be led by managing director, Stewart McAra based in Aberdeen.
Midlands broker set to bid farewell to chairman
Stourbridge-based broker Ingram Hawkins and Nock has announced that its chairman, Rex Ingram, is stepping down as chairman – 43 years after establishing the company.
JLT Online launches pet insurance product
JLT Online, part of Jardine Lloyd Thompson Group, has Petguard.co.uk – an online pet insurance service which allows pet owners to get a quote in under 30 seconds.
FSA publishes its 2008 Financial Risk Outlook
The Financial Services Authority (FSA) has published its Financial Risk Outlook (FRO) warning firms and consumers of the risks inherent in a significantly less benign economic environment.
Reich acquires new broker
Reich Insurance today announces the acquisition of Manchester based Tidey insurance broker.
FSA predicts tough year ahead
The Financial Services Authority (FSA) has outlined concerns that increasing financial pressures may lead to firms losing focus on how they conduct business.
Equity makes Gillingham acquisition
Equity Insurance Group has acquired the Gillingham branch of Castle Insurance Consultants.
Former Marsh UK boss joins consolidator as it raises £45m for growth
Consolidator Jelf this morning announced former Marsh boss Bruce Carnegie-Brown had joined its board as it raised £45m to help grow the business further.
Jelf acquires Northern foothold
Consolidator Jelf today announced three acquisitions as it unveiled turnover rose 61.6% to £40.56m for the year ending 30 September 2007.
Negative ratings set to continue
Fitch Ratings has said in its latest report that negative ratings look set to continue in 2008.
Andy Toms passes away
Andy Toms, marketing director at CSC, has passed away suddenly.
Aon boss defects to Marsh
Marsh has announced the appointment of Carrick Lambert as managing director, Europe, Middle East and Africa financial institutions industry practice.
Axa improves online tracking
Axa has overhauled its online new business tracking in response to feedback from advisers.
Lloyd's announces 2008 capacity
Lloyd's has announced its underwriting capacity at 1 January 2008 is £15.95bn, which will be underwritten through 75 syndicates, managed by 46 managing agents and supported by 176 brokers.