Broker
JLT sees 'great opportunity' for European cyber growth
JLT plans to use its experience in the US cyber market to grow its European business, although it may need to win over large corporates who remain on the fence about the benefits of the cover, deputy CEO Mark Drummond-Brady has said.
Marsh call for all-risk BI gets Airmic support
The risk management industry has backed a call from global broker Marsh to overhaul business interruption policies and make them more relevant to modern customer demands.
Gibbons takes chair at Biba's small brokers' board
Andrew Gibbons, managing director at Mason Owen Financial Services, has been appointed chairman of the British Insurance Brokers' Association's smaller brokers' advisory board.
Green appointed Marshall's successor at Besso
Besso property chairman Howard Green has been appointed CEO of the broker following the retirement of Colin Marshall.
CII group talks up role of brokers in future of care home cover
The potential rise in claims related to care home abuse has sparked a report into the availability and future market for liability cover for such institutions.
IBSC launches best practice guide for members
The Insurance Brokers Standards Council has launched a consultation paper on a good practice guide for IBSC members serving commercial clients.
Commercial Lines Fraud: Commercial stumbling block
With the fight against fraud in personal lines being increasingly successful, fraudsters are beginning to target the financially viable commercial sector
Regional review: New Zealand
There is more to the New Zealand insurance industry than handling natural disaster claims, a fact that may have been forgotten following the Christchurch earthquake events four years ago. Post caught up with a range of New Zealand industry insiders to…
Applied Systems boss highlights broker benefits of My Licence tie-up
Applied Systems has reached an agreement with the Motor Insurers’ Bureau that will see the software provider’s brokerage management system Applied TAM UK connect to the MIB Hub to use the My Licence service.
C-Suite - Broker: More than fraud detection
The correct use of data sources can provide a wealth of information for customer service
C-Suite - Insurer: The strength of broker bonds
In a competitive market, brokers are the lifeblood of a commercial insurer
Insurers advised to cut FOS complaints by avoiding technical jargon
The number of consumer complaints lodged against general insurers with the Financial Ombudsman Service can be reduced by cutting down on the extent of technical jargon in responses to policyholders, according to compliance experts.
JLT heralds 2014 growth in face of 'marked decline' in rating environment
JLT has delivered a 3% increase in pre-tax profits for 2014 to £159.7m (FY 2013: £154.6m) and a 13% rise in total revenue to £1.10bn (FY 2013: £979.2m).
RK Harrison and Hyperion seal merger agreement
The long awaited merger between RK Harrison and Hyperion has been agreed between the two brokers.
Munich Re leads Pool Re's £1.8bn reinsurance programme
Government-backed terror scheme Pool Re has purchased reinsurance in the commercial market for the first time in its history.
Lloyd's recruits Asia-Pacific broker head
Lloyd's has appointed Chris Rummery in a newly created role - senior market development manager for Asia-Pacific.
CMA proposes August 2016 deadline for no claims bonus remedy
The Competition and Markets Authority appears to have heeded industry pleas to extend the deadline for implementing its no claims bonus remedy.
5 things we didn't know this time last week
It's been a busy week in the news with Towergate and Gallagher swapping staff and insurers puffing out their chests to reveal their results so you might be forgiven for missing other news that has happened this week.
Besso CEO Marshall resigns
Besso CEO Colin Marshall has resigned from his post after 30 years with the company.
Biba poll finds 29% of SMEs not reading full policy terms
More than a quarter of British SMEs are failing to read the terms of their insurance policy in full, according to a poll carried out by the British Insurance Brokers’ Association.
FCA whistleblowing proposals to cost large firms £280,000
A Financial Conduct Authority consultation that would require insurers to implement formal whistleblowing procedures has an indicative annual cost of £280,000 for large firms.
Marsh calls for universal all-risk business interruption
Marsh has urged the insurance industry to work towards establishing an all-risk business interruption policy.
Rea leaves Towergate as executive team unveiled
Towergate chief operating officer Michael Rea is exiting the broker as the company today confirmed its executive team.
Video - Expertise from A-Z: Stephanie Ogden, Allianz
Despite companies being reportedly twice as likely to have a directors’ and officers’ claims as a property one, D&O is still proving a hard sell for many brokers, especially in the SME space.