Broker
FCA refuses to disclose cost of abandoned Cass 5 review
The Financial Conduct Authority has declined an official request on how much it spent on its now shelved Cass 5 review.
Hiscox appoints Matt Webb as head of cyber
Hiscox has promoted Matt Webb to the newly created role of group head of cyber.
Lucy Clarke to join JLT executive committee
Jardine Lloyd Thompson has appointed Lucy Clarke, deputy CEO of JLT Specialty, to the JLT group executive committee.
Gallagher and Aston Scott settle in staff poaching case
Arthur J Gallagher and Aston Scott have agreed an out of court settlement over a staff poaching case that was heard in the High Court last week.
Major FCA outage due to data centre failure
The Financial Conduct Authority said an outage that has taken its reporting system offline was due to a “physical hardware incident in a data centre”.
This week: Patronuses, start-ups and blockchain
As J K Rowling continues to delight fans with updated ebooks on her website Pottermore this week we learnt a bit more about our team mates on Post as a new feature was released.
FCA reporting system offline after ‘major incident’
The Financial Conduct Authority has seen a number of its systems taken offline by a “major IT incident”, the regulator said in a statement on its site.
Brokers could be responsible if SSP is unable to recover data
Brokers could be held responsible for data loss if SSP is unable to recover its document archives.
Gallagher and Aston Scott close to agreement over Blanc poaching case
Arthur J Gallagher and Aston Scott are close to a finalised deal over the future of Duncan Rogers, the account executive allegedly poached from Gallagher by CEO Peter Blanc.
Autonet MD Donaldson says it can now focus 110% on growth after HPS deal
Autonet Insurance Services has agreed a majority sale to an investment vehicle established by Towergate backer HPS Investment Partners.
MDP share approach could free Towergate for acquistion spree
Towergate has opened a tender to sell 23% of the business to Madison Dearborn Partners.
No further legal challenge over hiring of Bluefin staff says GRP's Bruce
There has been no threat of further legal action over the hiring of two key Bluefin employees by Global Risk Partners, according to Mike Bruce, retail broking CEO for GRP.
GRP hires Bluefin office managers to launch new branch
Two key Bluefin employees have been hired by Global Risk Partners to head a new office, just three months after the two companies reached a settlement over staff poaching.
Brightside's Mark Cliff on how apprenticeships will help UK insurance retain its world-class position
Brightside launched its first apprenticeships programme in September this year. Four bright young students from the Bristol area have signed on for a one-year course, where they will aim to achieve Chartered Insurance Institute status and complete an NVQ…
Arthur J Gallagher accuses former CEO of 'poaching' account executive
Arthur J Gallagher is an "over-anxious former employer chasing shadows", lawyers for Aston Scott said in case bought against the broker at the High Court.
Sure Thing to launch underwriting arm
Insurance broker Sure Thing will launch its own underwriting arm within the next year.
Fair presentation for MGAs important for Insurance Act
The issue of transparency was a discussion point at the Managing General Agent's Association annual conference in July. As a watch word for the industry, it can, of course, mean different things to different people.
Aston Scott plans ‘vigorous’ defence over Gallagher staff poaching allegations
Aston Scott has said it will “vigorously” defend itself of allegations of staff poaching in a case brought by Arthur J Gallagher.
Advent launches 'bespoke' underwriting unit
Lloyd’s insurer Advent has announced the launch of a bespoke products underwriting unit.
SSP admits possible loss of a week’s worth of data
A week’s worth of documents may have been lost by SSP as a result of the outage that occurred 20 days ago.
CPP will spend £6.5m on own platform rather than use SSP
A credit card insurer said it will spend £6.5m to develop its own IT platform rather than use SSP as a partner.
Towergate launches London underwriting centre
Towergate has created a specialist London underwriting centre, led by Lloyd’s veteran David Leathem.
SSP declines to say when full service will be restored
SSP has declined to put a timeframe on when document archives will be restored to brokers.
Blog: Disaster recovery – some difficult questions for software suppliers
One of the biggest business risks for brokers relates to IT infrastructure and probably revolves around a software supplier. If they run brokers' servers, their business is wholly reliant on them providing that infrastructure.