News
FCA will push for brokers to have ‘house in order’, UKGI predicts
Compliance consultancy UKGI predicts 2014 will see the conduct regulator pressuring the broking community to “put its house in order” before insisting on fresh regulations.
Howden snaps up Lycetts' Aitken to run private client division
Howden Insurance Brokers has launched a private client division and has recruited Simon Aitken from Lycetts Insurance Brokers as managing director of the new operation.
GAB Robins reports 76% retention rate on portal claims
GAB Robins has reported a 76% retention rate for employers' liability and public liability injury claims within the Ministry of Justice claims portal, up to 15% higher than the industry average.
Hodges plays down client money problems at Towergate
Towergate chief executive Mark Hodges has said that client money failings, which saw the broker misallocate £15m of client and insurer funds over four years, will have little impact on the business.
Towergate YTD earnings dip 3% as network earnings half
Operating earnings at Towergate have tumbled 3% for the first three quarters of the year, dipping from £120m to £116m.
Singapore's trade financing given major boost
A new Trade Facilitation Scheme organised by International Enterprise Singapore aims to address financing gaps for Singapore companies trading in emerging markets.
Insurers must wake up to data risk danger
Data presents huge opportunities for insurers but the potential for misusing it is a serious risk for the industry, according to speakers at Post’s Insurance Technology conference today
Watson is third directorship change at Towergate
Towergate has denied that James Watson has resigned a directorship at Paymentshield despite papers filed with Companies House appearing to show the contrary.
Dominic Clayden to begin work at QBE in two weeks
Aviva UK general insurance claims director Dominic Clayden is leaving the Norwich-based insurer today ahead of starting his new role as claims director for QBE Europe on 9 December.
DLG closing the gap on Admiral as dividend yield hits 7%
Direct Line Group has paid dividends of 16p per share in 2013 and has achieved a dividend yield of 7% for the year to date.
Minster Law unveils new London office
BGL-owned Minster Law is launching a City-based team, in a bid to enhance its geographical reach.
DLG completes sale of life book to Chesnara
Direct Line Insurance Group has completed the sale of Direct Line Life Insurance Company to Chesnara.
Towergate among larger brokers targeted by Brightside for Holman replacement
Interim chief executive Paul Chase-Gardener says it was always Brightside’s intention to recruit a new chief executive from a larger rival.
Brightside boss Holman moves to Markerstudy
Markerstudy has recruited Brightside chief executive Martyn Holman to serve as its group commercial director from January.
Telematics data will never belong to insurers, claims Tesco Insurance MD
Insurers should abandon their concerns around the ownership of telematics data, Karl Bedlow, managing director of Tesco Insurance, has claimed.
Gallagher's UK network Compass signs up a dozen members
Arthur J Gallagher's UK networks division Compass Broker Services has unveiled 12 new members controlling a total gross written premium of £24m.
RSA Ireland CEO resigns as financial irregularities probe takes its toll
The chief executive of RSA Ireland has resigned after claiming that recent allegations of serious financial irregularities at the insurer had caused great strain to him and his family.
Brown to continue as interim RSA Ireland CEO as search for new boss begins
RSA has confirmed that UK and Western Europe chief executive Adrian Brown will fill the void left following Philip Smith’s resignation, as the insurer begins its search for a new RSA Ireland CEO.
JLT acquires South African broker Eluleka
Jardine Lloyd Thompson Group has acquired South African employee benefits and healthcare broker and consultant Eluleka Consulting.
Scottish QOCS recommendation 'agitating' insurers’ solicitors
Solicitors with insurer clients have been agitated by a recommendation to introduce qualified one way costs shifting in Scotland,according to the author of the report suggesting the change.
BLM hires three new national directors
Berrymans Lace Mawer has appointed three new national directors to lead its business support teams in the form of Lee Grunnell, Louise McCarthy-Teague and Mark Blakemore.
Admiral to bring in 150 sales and customer service staff
Admiral is preparing to welcome 150 new recruits to the business across south Wales region at the start of next year.
Biba lobbies government for nationwide broker apprenticeship programme
The British Insurance Brokers’ Association is calling for the government to set up a nationwide apprenticeship programme to recruit and retain people in the broking sector.
Industry reputation will be tested by response to surge events, ABI warns
How the insurance industry responds to flood events going forward will be a key test for its reputation, the Association of British Insurers says.