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Market Moves - 28 July 2015
Find out who has moved where in the insurance industry this week.
Consumers considering cutting coverage in wake of IPT rise
The government’s decision to hike insurance premium tax will trigger a surge in customers moving to new providers and cutting back on or cancelling policies, according to research by Consumer Intelligence.
C-Suite - Insurer: When two worlds collide
The best way to bring businesses together is to combine their respective strengths, says Simon Cooter.
Blog: GI hopes high on FCA successor as Wheatley is shredded
The soon to be deposed Financial Conduct Authority CEO Martin ‘shoot first ask questions later' Wheatley this week admitted he is "disappointed to be moving on with a sense of unfinished business".
Sure Thing plots recruitment drive after promising first year
Scottish-based motor broker Sure Thing claims it has outstripped pre-launch sales predictions by 190% after achieving 80,000 live policies in its debut year, with continued growth expected to lead to a boom in recruitment.
Dual acquires MGA Oliva Underwriting
Hyperion underwriting arm Dual has acquired UK-based property and casualty, contractor trades and marine insurance managing general agent Oliva Underwriting.
Autoglass appoints new supply chain director
Embattled windscreen repairer Autoglass announced today (23 July) the appointment of Simon Blake as operations and supply chain director.
Robert Fletcher elected CII president
Robert Fletcher has been elected the 119th president of The Chartered Insurance Institute at its annual general meeting in London today, 22 July.
FCA boss Wheatley 'disappointed' to be stepping down
Outgoing Financial Conduct Authority CEO Martin Wheatley has said that he is "disappointed" to be departing the top job at the regulator.
Recruiting veterans to win the war for talent
In a world where the 'war for talent' is an increasingly topical discussion item in relation to business planning, I was encouraged and privileged to be invited to a recent meeting in support of the Lloyd's Patriotic Fund.
Crawford strategy boss Drew takes on FD role at Broker Network
Broker Network has appointed Crawford and Company senior vice president Simon Drew to the role of finance director with immediate effect.
Charles Taylor COO Ely to take over from Clarke as adjusting CEO
Charles Taylor chief operating officer Damian Ely will take over from Arthur Clarke as CEO of Charles Taylor Adjusting on 1 January 2016 following the Clarke’s retirement on 31 December.
FCA boss Wheatley to step down in September
Martin Wheatley will step down as CEO of the Financial Conduct Authority from 12 September, with executive board member Tracey McDermott leading the regulator for an interim period while a search for a long-term successor is carried out.
Gallagher acquires renewal rights from Coventry-based broker
Arthur J Gallagher has acquired the renewal rights to the commercial and personal lines portfolio of independent Coventry broker Pinnock Bell.
Brian Shea appointed head of Europe at WCMA
Willis Group Holdings has hired Brian Shea as head of Europe for Willis Capital Markets & Advisory, the firm's insurance investment banking division.
Alistair Marriott joins Marketform's marine team
Specialist Lloyd's underwriter Marketform has hired Alistair Marriott as deputy head of marine and class underwriter cargo.
HCML vows to ensure long-term care for Alton Towers crash victims
Rehabilitation provider HCML is preparing to work alongside the NHS to ensure those injured in the Alton Towers rollercoaster crash last month can return home to a “supported environment”.
Sharon Becket named deputy CEO at The A&A Group
The A&A Group, a provider of home and motor insurance, has appointed Sharon Beckett as deputy CEO and made several other senior appointments.
L&G swaps Be Valued with RDG in its household supply chain
Legal and General has signed a three year contents claims handling partnership with Ryan Direct Group after the insurer’s previous relationship with Be Valued ended with the claims management specialist placing its service into run-off.
Research: Young Broker Nation: 4: Findings
Are brokerages ticking the right boxes when it comes to attracting new talent and are they doing enough to keep young recruits once they have got them through the door? In the final instalment of Young Broker State of the Nation, Post reports its survey…
Market Moves - 16 July 2015
Who has moved where in the world of insurance this week.
Hearn hire tipped to give CGSC an edge amid wider broking exodus
External influencing factors have been cited as the trigger for a host of high-profile broking departures, as the sector’s managerial merry-go-round once again enters full swing.
Crane to succeed Bunker as LV Broker MD
LV Broker has appointed commercial director Mike Crane as interim deputy managing director ahead of taking over as managing director in early 2016 when current MD Phil Bunker will move into an advisory role at the insurer.