Ardonagh Group
Brokers warned about potential for commission fee mis-selling scandal
Brokers could find themselves at the sharp end of the next mis-selling scandal owing to commission and administration fees distorting their recommendations, according to one industry entrepreneur.
My best 11: Elliot Miller, QBE
QBE national general manager Elliot Miller selects his Best XI for an insurance start-up. Miller has selected an entirely Scottish team, including a former Rangers legend in goal and a range of brokers and insurers.
Aviva set to reap rewards of AJG swoop for IDL
Arthur J Gallagher International has today snapped up niche over-50s personal lines specialist Insure 4 Retirement from previous owner Equity. The deal boosts the premium per year being put through subsidiary OIM Underwriting by well over £100m in a…
Aviva shareholders 'happy' with Moss resignation
Aviva shareholders have expressed their relief that chief executive Andrew Moss has stepped down, and have suggested that Towergate boss Mark Hodges or ex-RSA CEO Andy Haste could replace him.
Market divided as to favourability of current conditions for IPOs
Market players credited with an interest in launching initial public offerings inside the next two years have been warned against attempting to float amid unfavourable conditions, where value is at rock bottom.
UKG new broker schemes premium grows 50%
UK General has boasted £300m in gross written premium with a £90m rise from new broker schemes.
Cobra extends deadline for takeover bids
Broker Cobra has extended the deadline for its two potential bidders - Towergate and Alto - to make a formal offer for the group.
Engelhardt tops Sunday Times insurance Rich List
Admiral's Henry Engelhardt, pictured, was the insurance industry’s top player in this year’s Sunday Times Rich List, with a total worth of £528m, down £120m from last year. He came in at 156th place, down from 120.
Hodges hints Towergate readying to float
Towergate has said that, if its "positive" operating earnings continue to grow, it will hold the company in good stead if it decides to float the business.
Towergate results flat but Hodges happy
Towergate has claimed that its full year results for 2011 in line with 2010 was "a positive achievement in a year which was a challenging market for the insurance sector".
Towergate picks up three more brokers
Towergate Insurance has acquired Gill Knott Insurance, Lloyd Manley Associates and the general insurance arm of Airevalley Insurance Services.
Market moves: Canopius and CGSC dominate appointments
This week the recruitment space belonged to Canopius and Cooper Gay Swett & Crawford. Canopius restructured its entire executive committee, alongside appointing an underwriter, while CGSC recruited a new chief commercial officer, head of operations and…
Battle for broker schemes hots up as players bolster ranks of expertise
Specialist insurer Ecclesiastical has secured four new broker schemes, just weeks after pledging to refocus its efforts on intermediary deals, as insurers scramble to pick up lucrative broker schemes.
Lorega snaps up Towergate regional executives
Lorega has boosted its regional broker business development team with two new regional executives from Towergate.
Market moves: Insurers lead Easter recruitment charge
As the industry heads into the Easter break, insurers are, once again, leading the way in the recruitment space.
Broking SME: Battle stations in the fight for the little guy
Brokers are facing increased competition for SME customers, but they're not going down without a fight
Lloyd’s witnesses new wave of MGAs due to Solvency II and M&A activity
In recent months the industry has witnessed a renewed surge in the number of Lloyd's insurers teaming up with managing general agents to access new lines of business.
Cobra locked in takeover talks with Towergate
The Cobra Holdings board has announced this afternoon that discussions are underway with two interested parties which may lead to an offer for the firm's issued share capital.
Egan set to undertake Towergate CFO role from next week
Recently appointed Towergate chief financial officer Scott Egan will begin work at the broker on April 12 before becoming a member of the firm’s partnership board and executive committee.
JLT appoints Steve Exwood as Nottingham partner
JLT Specialty has boosted its Nottingham risk practice team with the appointment of new partner - and former Towergate employee - Steve Exwood.
Senior returns to Towergate after six year absence
Towergate has today announced the re-appointment of Richard Senior, pictured, to the role of broking managing director in Hull - six years after he left the firm to join Gallagher Heath.
Powerplace not a top five priority, admits Towergate CEO Hodges
Towergate chief Mark Hodges has declared that Powerplace is not even in the top five of his priorities at the insurance broker.
Axa starts with Blanc slate to help steer commercial business around
Brokers continue to experience a "lack of connectivity" with Axa Personal Lines, despite Commercial Lines getting a glowing report since Amanda Blanc joined to head up the business just over a year ago.
Caravanquoter insurer and broker panel expands to 19
The price comparison website has reported that an increasing number of insurers and brokers are keen to join its panel of providers.