Start-ups
Barbican wins approval to act as a Lloyd's managing agency
Barbican has obtained conditional approval from Lloyd’s and the Financial Services Authority to act as a managing agency at Lloyd’s.
Caribbean $300m reinsurance start-up targets 1 January 2011 launch
Barbados-based Aliseo Reinsurance SCC today announced its entry into the global retrocession market with an initial capitalization of $300m.
Momentum aims to help broking start-ups
A former managing director at Oval is set to target disgruntled account executives within consolidators through the launch of a start-up.
Ex-Marsh and Oval MD Pepper back with new venture Momemtum
Momentum - a support and development service for new and existing brokers - has been launched by the ex-MD of Oval Insurance Broking, Howard Pepper.
Ten unveils new operating model
Independent broking network Ten Insurance has unveiled a new operating model which will allow its members to retain up to 75% more commission.
Interview - Ray Cox: True Brit
Brit may have taken its time in naming a new UK CEO, but now Ray Cox is in place he tells Jonathan Swift he is eager to build on his forerunner's legacy.
Norwegian P&I Club gets Lloyd's green light for new syndicate
R&Q Managing Agency has announced that it has received approval from Lloyd’s to form a new syndicate on behalf of Assuranceforeningen Skuld, the Oslo headquartered P&I Club.
Besso's Gladstone launch is timed for new wave
Intermediary Besso has revealed it timed the launch of its managing general agent to coincide with a new wave of MGAs in the London market.
Equinox reveals plans to go global
Start-up trade credit managing general agent Equinox Global has outlined plans to move into Europe, Asia and the US, following its official launch this week.
Meehan: I may go back into broking, or even a start-up
The former Axa customer experience director Paul Meehan has revealed he will bide his time before deciding what he wants to do having left the insurer last week.
Meehan could return with broker start-up
Paul Meehan is considering his options after exiting Axa Insurance just over two years after he was recruited by former chief executive Philippe Maso as customer experience director.
Esure reveals earliest date for an IPO will be 2014
The founder and chairman of direct insurer Esure Peter Wood has revealed that 2014 is the earliest that it will launch an initial public offering.
Interview - Patrick Snowball: Turning the light on at Suncorp
When Patrick Snowball headed to Brisbane to take the reins at Suncorp, many in the UK industry were surprised. Jonathan Swift finds out why he took this particular job offer and his plans for his tenure.
Start-up taps into insurer PI claim fears
A new legal process outsourcing firm is in trials with "a number" of insurers and brokers to capture third-party personal injury claims.
Delta's new expansion plans take it south
Delta Claims Services is set to extend its presence to the south of England, while hinting at a move into the property market.
Double venture heralds return of Lord Sheikh
Lord Sheikh is set to return to the market with two new public limited companies.
Postbox: Brokers don't need to be alone in tough times
As reported in The Daily Telegraph this week, Towergate's Peter Cullum has warned that too many businesses are "traumatised" by the recession and are failing to prepare for the future, and that now is the time to be planning "transformational changes…
Moorhouse Enterprise
Welsh broker Moorhouse is to launch its first business under Moorhouse Enterprise, set up to support the next generation of broker start-ups.
Chedid Re establishes Saudi subsidiary
Reinsurance broker establishes Saudi Arabia subsidiary which has been licensed by the Saudi Arabian Monetary Agency (SAMA) to provide reinsurance brokerage services across the Kingdom.
Hiscox backs new underwriting start up
White Oak Underwriting Agency has commenced underwriting, initially targetting the 'automobile and mobile equipment industries'.
Start up lines up Deutsche Bank and Macquarie for UK float
Long Bay Re, a newly established Class 3 reinsurer registered under Bermuda law, has announced its intention to float on AIM.
Insurance Insight Interview: Anne-Sofia Hedin
Sweden has attracted a lot of attention recently, not least because of RSA's growth plans there and the opening of a new Lloyd's representative office. Lynn Rouse speaks to Markel's general manager in Sweden Anne-Sofia Hedin to get a better of idea why…
Start-up targets IT and media
Aquila Underwriting has launched an underwriting platform offering specialist liability, business interruption and crisis management policies for media content, intellectual property and IT security risks.
Invicta completes second acquisition
Invicta Insurance Services has acquired Kent-based Lowe Insurance in its second acquisition in two weeks.