Articles by Callum Brodie
Local markets to benefit as Lloyd's targets more shariah compliant underwriters
Moves by the London market to embrace the provision of Islamic insurance products will provide a boon to local markets and customers, according to the CEO of the Dubai Islamic Economy Development Centre.
Quindell to change its name to Watchstone Group
Technology solutions provider Quindell is seeking shareholder approval to change its name to Watchstone Group.
Masojada eyes further growth as group GWP rises 12.9%
Hiscox CEO Bronek Masojada has identified “plenty of opportunities for growth” off the back of a 12.9% increase in gross written premiums to £1.54bn for the first nine months of 2015 (9M 2014: £1.36bn).
Ex-cons avoid return to jail after attempting to defraud Admiral and Ageas
Two men who met and became friends in prison yesterday (5 November) received suspended prison sentences at the Old Bailey after staging a ‘cash for crash’ accident in order to claim over £16,000 from Admiral and Ageas.
Profit plummets 48% at Zurich's UK business amid 'perfect storm'
Zurich UK general insurance CEO Vibhu Sharma has blamed “a perfect storm” of tough market conditions and greater the normal large losses for a plummeting business operating profit in the third quarter of 2015.
News Editor's Comment: Improving diversity
The issue of diversity in insurance got another airing last week, when it was cited in the launch of a discussion paper concerning succession planning.
ABI relocating to America Square after 25 years at 'expensive' HQ
The Association of British Insurers has confirmed plans to move from its "expensive" Gresham Street headquarters to 1 America Square in a bid to lower costs for members.
Company bosses urged to see business benefits of insurance
Business leaders have been urged by risk management association Airmic and the Institute of Directors to stop seeing insurance as a ‘grudge purchase’ and start using it to enable them to take risks as they grow their business.
Claims service and innovation key for HNW firms in over-crowded market
High-net-worth insurers must prioritise claims service levels and product innovation if they are to maintain a foothold in an increasingly over-populated market, according to broking and claims experts.
Revenue up 12% at Davies as account wins add £3m to 2016 figure
Davies Group has attributed 40 new account wins over the course of 12 months for a 12% uptick in revenue to £32.4m for the period ending 30 June 2015.
High Court dismissal of Stoke City assault case 'good news' for insurers
A High Court judge’s decision to dismiss allegations relating to a historical assault case involving former Stoke City Football Club goalkeeper Peter Fox and apprentices at the club should be welcomed by insurers, according to law firm Hill Dickinson.
London company market premium totals almost £23bn in 2014
The London company market chalked up an overall premium total of £22.943bn last year, a report by the International Underwriting Association has shown.
Criterion completes HNW adjusting 'jigsaw' with Zurich nomination
Criterion Adjusters’ nomination to the Zurich loss adjusting panel was “the final piece of the jigsaw” in tying up the high net worth adjusting market, according to managing director Chris Monks.
Ex-Willis Northern Ireland MD Workman moves to Belfast's 'other Willis'
The former managing director of global broker Willis’s Northern Ireland business David Workman has resurfaced at Belfast-based Willis Insurance & Risk Management.
Reid to tour the regions as integration takes precedence at Gallagher
Retail acquisitions will be put on the backburner at Arthur J Gallagher International in favour of a strategy of “integration and reengineering”, according to incoming UK retail CEO Stuart Reid.
Pinnacle secures first panel nomination with Giant Risk Solutions
Pinnacle Loss Adjusters has secured its first panel nomination after gaining property adjusting work from Giant Risk Solutions in the UK and Northern Ireland.
Mass-market telematics app-based solution gains Zurich backing
The UK’s first mass-market and full underwriting-based motor insurance is to be launched by telematics company Carrot on aggregator websites this week.
Talk Talk insurance policy questioned following latest cyber breach
Talk Talk will be facing “significant” costs in responding to its latest cyber attack if the firm does not have the required extension on its traditional insurance policy, industry experts have warned.
Applied Net 2015: Client self service and mobile developments unveiled
Applied Systems has rolled out Applied CSR24 2016, the latest online self-service solution, to UK brokers.
Applied Net 2015: Ex-US secretary of state Albright raises cyber concerns
Former US secretary of state Madeleine Albright described cyber risk as an inevitable consequence of global technological development amid at a period of “chronic uncertainty” around the world.
Applied Net 2015: Millennials hold key amid ageing shareholder demographic
The US insurance industry must up its investment in young talent in order to secure a healthy future for the market, according Reagan Consulting principal Thomas Doran.
Applied Net 2015: Smaller brokers told to take long-term approach to M&A
Smaller brokers must focus on “life after the deal” in order to compete against the likes of Arthur J Gallagher and private equity-backed rivals in the booming mergers and acquisition environment.
LMA non-marine boss Powell takes on deputy chair role at Thatcham
Lloyd’s Market Association’s manager of non-marine David Powell has been elected to the new role of deputy chair of Thatcham Research.
Home insurer profitability 'in the balance' as expenses outstrip claims costs
The amount paid in expenses last year outstripped the cost of claims for home insurers for the first time on record.