Company news
Marsh sees revenue grow 4% in 2018
Marsh parent Marsh & McLennan saw underlying revenue grow 5% in its 2017/18 year.
BGL invests £3m to create 40 tech jobs
Digital broker BGL Group’s £3m investment in a Sunderland tech hub will create 40 jobs.
Allianz UK sheds CIO in restructure
Exclusive: Jacob Abboud, Allianz UK’s chief information officer, has left his role following the merger of the company's IT and operations teams.
Ageas to close Port Solent and Stoke operations
Ageas intends to close its Port Solent office by June 2019 and its Stoke office by June 2020, and expects to close its sales and service operations in Eastleigh.
Axa UK appoints COO from Hiscox
Shali Vasudeva has been nominated as chief operating officer of Axa UK, in a newly created role, subject to regulatory approval.
Markerstudy buys Co-op Insurance for £185m
Co-op has sold its underwriting business to Markerstudy for £185m.
Nicholas Gartside to join Munich Re board of management as chief investment officer
JP Morgan Asset Management managing director, Nicholas Gartside is set to start as Munich Re’s chief investment officer on 18 March 2019.
BGL Group's Rachael Gillett on why apprenticeships could be a return to insurance roots
Many view apprenticeships as an obstacle to overcome or avoid but Rachael Gillett, chief people officer at BGL Group, reminds the sector that many existing employees started their successful careers this way.
SSP redundancies to be finalised ‘before Christmas’
Software house SSP expects to have finalised its restructuring consultation before Christmas.
Updated: Mass leadership reshuffle to follow Marsh/JLT acquisition
Global broker Marsh has unveiled a ream of senior people moves, effective once the JLT deal has completed.
Abbey Insurance owners acquire fellow Northern Ireland broker Autoline
Prestige Insurance Holdings, which owns Northern Irish personal lines broker Abbey Insurance, has reached an agreement to acquire Autoline Insurance.
RSA appoints Strickland as head of customer experience for Global Risk Solutions
RSA Group has named Neil Strickland as director of its new commercial customer experience following its restructure last month.
Loss-making GRP spent £112.6m on acquisitions over its last financial year
Broking group GRP made a loss of £20m for the financial year ended 31 March 2018, in a year that saw it acquire fifteen businesses.
Mike Bruce promoted to GRP group managing director
GRP CEO of broking, Mike Bruce has been promoted to group managing director.
This week: God bless us, every one!
At a time of year when good cheer to all men is encouraged and Scrooge is forgiven all his wicked ways and most of the world has been out enjoying their Christmas parties (I know we have), it appears the insurance world is still seen as the Grinch.
Finch and ICB owner on acquisition trail with sight set on €500m revenue by 2022
Adelaide, the owner of Finch and ICB Group, is looking to acquisitive growth as it aims to increase its revenue across Europe by 150% by 2022.
Blog: What workplace inequality means for insurers
Helen Bancroft, liability manager, and Stuart Toal, casualty account manager, explain why insurance professionals need to work closely with employers to ensure they are prepared for more workplace inequality claims
GRP’s Craig Pocock on SMCR
GRP’s chief people officer Craig Pocock explains why it’s important for brokers to plan for the new Senior Managers and Certification Regime.
Ed unveils CEO Hearn’s replacement and plots Bermuda office
Andrew Draycott will take on the role of Ed Broking CEO once its acquisition by Besso owner BGC Partners is complete, while the specialty, wholesale and reinsurance broker has also revealed plans to open a Bermuda office.
Penny Black's social world: December 2018
Charity nominations and mayoral perambulations
Sinéad Browne of AGCS on tackling intangible risks
Over the past 40 years business risks have moved from mainly tangible to predominately intangible Sinéad Browne, Allianz Global Corporate & Specialty chief regions and markets officer, urges companies and insurers to tackle this weak spot in risk…
Blog: Why you should get involved with The Claims Apprentice in 2019
From automation to digitalization; from controlling claims inflation to the legal framework for driverless cars, it could be argued that working in claims has never been scarier – but more exciting.
Ardonagh slices losses by almost half for first nine months of 2018
The Ardonagh Group cut down on its losses for the first nine months of the year, down to £48.9m compared to £92.7m in 2017.
Sure Thing grows policy count as losses hold steady
Broker Sure Thing has grown its policy count by 12.8%, while making an operating loss of £1.9m in its fourth year of trading.