Articles by Callum Brodie
Absolute hires ex-Axa COO Carruthers as non-exec chairman
Former Axa commercial lines and personal intermediary chief operating officer Max Carruthers has joined the board of private investigation firm Absolute Partnership as non-executive chairman.
Guy Carpenter boss predicts further shrinkage in reinsurance buying pool
The reinsurance buying pool is likely to continue its ten year reduction, according to Guy Carpenter EMEA operations CEO Nick Frankland, who has called for perspective in relation to falling renewal rates.
Howden strikes HNW deal with De Vere Group
Independent financial advisory firm De Vere Group has teamed up with Hyperion subsidiary Howden in a deal that will see the broking business offer high net worth coverage to DeVere’s global clients.
IUA boss Matcham welcomes TRIA renewal agreement
The International Underwriting Association has heralded the decision in the US to renew the Terrorism Risk Insurance Act as a means of reducing economic uncertainty.
Quinn sees legacy liabilities portfolio pass to Catalina
Catalina Holdings has reached an agreement with Quinn Insurance for the portfolio transfer of legacy insurance liabilities.
Toscafund boosts shares in Quindell north of 5%
Hedge fund Toscafund has boosted its stake in beleaguered outsourcer Quindell to 5.4% of the share capital after purchasing an additional 1.9 million shares in the firm.
Soft reinsurance market fueled by low 2014 cat losses
Declining catastrophe losses in 2014 has been cited as a major factor behind the softening rating environment at the January renewal period, according to global reinsurance broking players.
BMS returns to Cooper Gay to beef up specialty reinsurance team
Cooper Gay & Co reinsurance division director Steven Herbert has joined BMS where he will take on the role of director of the specialty reinsurance division.
Acappella launches at Lloyd's
Willis-funded Acappella Group Holdings has confirmed its launch as an insurance holdings company.
UK residents and businesses braced for 'hazardous weather'
The Met Office is warning members of the public and emergency responders of “severe or hazardous weather” ahead of the expected onslaught of a trans-Atlantic storm.
BLM hires former law commissioner Hertzell as consultant
Law firm BLM has appointed David Hertzell as a consultant following the end of his tenure as law commissioner.
Ex-SSL directors launch 'phoenix' company despite outstanding debts
The former directors of defunct SSL Loss Adjusting and Nimbus Contractors Network have launched a new business, despite owing outstanding debts to previous suppliers, Post understands.
Ace to acquire Fireman's Fund PL business for £234m
Allianz has agreed to sell its Fireman’s Fund Insurance Company personal lines business in the US to Ace for $365m (£234m) by means of renewal rights arrangement.
Most operational losses stem from customer service and policy admin, states report
Customer service and policy administration is the business area where the majority of operational losses were reported by insurance companies over the first half of 2014, according to Oric International.
Pen teams up with Ageas on online household capacity deal
Ageas has reached an agreement with Arthur J Gallagher managing general agent brand Pen Underwriting to provide long-term capacity for household insurance through a number of online-traded solutions.
Broker Network extends Allianz partnership deal by three years
Allianz has renewed its strategic partnership with Broker Network for an additional three years.
Integro snaps up London market bloodstock broker Howard Global
International insurance broker and risk management firm Integro has acquired Howard Global Insurance Services, a Lloyd’s-registered specialty broker.
Gallagher swoops for former Towergate quartet to launch Cornish office
Arthur J Gallagher has opened an office in Cornwall after hiring four former Towergate employees.
Bermingham exits Xchanging as Lloyd's consolidates market on to new claims scheme
Xchanging Claims Services executive director Paul Bermingham has left the company following the accelerated progress of the Lloyd's claims transformation programme.
Cyber risk underwriting a pressing issue for insurers in 2015, states EY
The growing threat of complex cyber crime will present businesses with significant challenges throughout the course of next year, according to analysis undertaken by EY.
Direct Line brand awareness dominance not translated in policy sales
Direct Line is failing to transform dominant brand awareness among consumers into policy sales, according to the latest Global Reviews UK motor insurance providers digital marketing effectiveness study.
Ryan Direct Group joins AA panel
Broker AA Insurance Services has signed a home affinity deal with Ryan Direct Group that will see the Doncaster-based firm join the AA’s panel with immediate effect.
New look IFB technical board to be chaired by Axa fraud boss Davies
Axa global chief fraud control officer Richard Davies has been appointed as chairman of the Insurance Fraud Bureau’s technical board as part of a shake-up that will result in an influx of new board members.
Barbican bolsters cyber underwriting team
Barbican Insurance Group has appointed Ace USA’s Matthew Waller as cyber, technology and media underwriter.