Broker
Broking giants tipped for M&A moves as sector looks to follow Gallagher’s lead
Observers say economic recovery is behind several firms adopting new strategies
Industry warns over negative impact of independent Scotland
EU membership and regulation among major concerns
C-Suite - Broker: Brokers mustn’t be shortsighted
At the heart of being a community broker is the need to serve owner‑managed SME clients that represent the bedrock of the economy.
County Insurance buys Clement Gallagher & Co
County Insurance has purchased the goodwill of Merseyside-based broker Clement Gallagher & Co.
APC plotting underwriting return for Towergate owned-Folgate
Commercial managing general agent APC has acquired Folgate Insurance from Towergate, where the firm was in run-off, with an eye to returning the firm to active underwriting.
Market Moves - 4 September 2014
All the latest job moves in the insurance market.
Blog: Five insurance narratives worth following for the rest of the year
So far in 2014 we have seen a number of major developments and loose ends seemingly tied up.
Keelan Westall MD Tonge resigns
Keelan Westall managing director Wayne Tonge has resigned from his post, Arthur J Gallagher has confirmed.
Biba appoints consumer advocate as NED
The British Insurance Brokers' Association has appointed personal finance consumer advocate Teresa Fritz as an independent non-executive director on its main board.
McManus eyeing Q1 2015 for start-up return
Former Giles chief executive Brendan McManus is plotting a return to the insurance industry in early 2015 leading a new start-up project, Post understands.
Latitude launches after out-of-court settlement
After gaining regulatory approval, a Cooper Gay-backed Hong Kong marine broker has opened as a separate entity.
RAC recruits CBI president ahead of IPO plans
RAC has recruited the president of the Confederation of British Industry as its new chairman as uit readies plans to enter the London Stock Exchange.
NCI Vehicle Rescue notches record pre-tax profits
Motor and pet specialist NCI Vehicle Rescue recorded its best ever pre -tax profits for the year ending 31 March 2014.
JLT to retain specialty focus as it eyes US expansion
The acquisition of Towers Watson Re was the catalyst for JLT’s US expansion plan, according to the broker’s chief executive Dominic Burke.
CGSC rolls out cost cutting plans following year of stunted growth
Cooper Gay Swett & Crawford is working on plans to streamline costs in a bid to address “profit reducing inefficiencies” related to 18 months of organic and acquisitive growth.
Marsh appoints former RSA construction head
Marsh has appointed Mike Spencer to the role of senior global construction specialist.
Gallagher CUO Fisher resigns
Arthur J Gallagher’s chief underwriting officer Sian Fisher has resigned for “a fresh challenge”, and will exit the broker in mid-October.
JLT Specialty to merge with Lloyd & Partners as broker eyes US expansion
Jardine Lloyd Thompson is to merge its JLT Specialty and Lloyd & Partners businesses as it primes for a new phase of growth in the US specialty area.
Brokerslink gears up for Venice conference
More than 200 broking delegates from 70 countries are expected to participate in this year's Brokerslink conference in October.
C-Suite: Understanding cyber risk in Asia
Aon's Murray Wood argues companies need to invest in cyber protection as threats become more common and varied.
Hodges admits caution in Manchester call centre migration
Towergate chief executive Mark Hodges has admitted the broker is leaving some SME and personal lines business with local offices, rather than migrating accounts to its new Manchester call centre.
Miller appoints Beattie to head Asian construction unit
Miller has appointed former Willis divisional director Paul Beattie as its head of construction for Asia.
Austbrokers racks up 10.5% rise in 2014 after-tax profits
Sydney-based insurance company Austbrokers has chalked up ninth successive year of double-digit earnings growth with a net profit after tax of A$35.5m (£20m) for 2014 (2013: A$32.1m).
Aon and Amlin launch new product for estate owners
Aon Estates Practice, part of the broker's private client business, has launched an insurance solution for estate owners, in conjunction with Lloyd’s insurer Amlin.