Broker
Video: Allianz Commercial general manager Simon McGinn (Part One)
In the first of two videos Allianz Commercial general manager, Simon McGinn discusses his businesses five year plan to be the largest insurer in its chosen market.
Towergate restructuring costs climb to £15m for H1
Towergate’s group reorganisation programme cost the broker £15.1m in the six months to June 30, an increase on the £9.1m spent in the first half of 2013.
FCA calls for claims ratios in final add-ons report face renewed criticism
The Financial Conduct Authority’s proposal to impose a requirement for insurance companies that engage in the sale of add-on products to publish claims ratios as a measure of value is expected to face continued criticism.
Hodges declines to rule out more redundancies
Towergate group chief executive Mark Hodges has refused to rule out further expansions to the broker’s redundancy programme over the next year, shortly after confirming that the firm would lose an additional 100 staff.
Towergate losses grow 52% as redundancy programme expands
Towergate has announced increased pre-tax losses for the first half of 2014, alongside adding an extra 100 staff to expected headcount reduction by year end.
World War One Memories: Story of the war
To mark the 100th anniversary of Great Britain’s involvement in World War One, Post asked a number of major insurers how the conflict impacted their staff at home and abroad.
World War One Centenary: War reporting
To mark the First World War centenary this week, Jonathan Swift dug into the Post archives to see how the magazine reported the outbreak of war and its impact on the insurance community
Insurance buildings: Who lives in a house like this?
With Lloyd’s mulling over a move away from its iconic Lime Street base, Post takes an in-depth look at some of the remarkable London buildings that insurers call home
Interview: Christian Hinsch and Richard Taylor: a winning strategy
HDI Gerling’s chairman Christian Hinsch and UK managing director Richard Taylor tell Post their firm is entering a new phase in its evolution – and reveal what they’ve learnt from the German World Cup-winning football team
C-Suite - Broker: Time to embrace our similarities
Having made the leap from broking to an insurance company, I knew it would be different. I have had one or two ‘I don’t think we’re in Kansas anymore Toto’ moments but I always knew there would be a period of adjustment.
Gallagher adds two senior roles to growing Midlands division
Arthur J Gallagher has created two new regional management roles in the Midlands to drive growth in what is now its largest UK regional hub.
Market Moves - 7/14 August 2014
All the latest job moves in the insurance market
UK General offers protection against holiday home scams
Leeds-based insurer UK General has launched a policy protecting holidaymakers from unsatisfactory or non-existent holiday homes.
Ex-Paymentshield CEO Johnson to lead Stackhouse Poland
Stackhouse Poland has appointed former Paymentshield chief executive Tim Johnson as group CEO.
Assurant Intermediary teams up with LV Broker on home product
LV Broker has launched its ABC home insurance offering on the Assurant Intermediary product platform as part of a partnership arrangement with the firm.
Aon appoints chief information officer
International broker Aon has named John Bruno as chief information officer and executive vice president of enterprise innovation.
Willis drops contingent commission ban
Broking giant Willis has confirmed that it will drop a ban on taking contingent commissions, just over two years after initially accepting the payments in its employee benefits arm.
Legal bodies slam SRA minimum terms manoeuvre
Several members of the legal fraternity have written to the Legal Services Board urging it to reject the Solicitors Regulation Authority’s proposal to cut to the minimum limit for solicitors' professional indemnity cover to £500 000.
Gallagher Q2 broking revenues up 34%
Arthur J Gallagher has reported group-wide broking revenues climbing by more than a third on a year-on-year basis for Q2.
Willis posts 5.1% revenue increase in Q2 despite UK retail decline
Willis posted a 5.1% increase in revenues, including commissions and fees, investment income and other income to $935m (£552m) in the second quarter of 2014.
JLT growing strongly in Asia
In the first half of the year revenue at JLT Asia's risk and insurance portfolio grew 9% while its employee benefits book climbed 35%.
‘Invigorated’ Burke pledges future to JLT
Jardine Lloyd Thompson chief executive Dominic Burke has committed his future to the broker after returning from a shock two month sabbatical.
Q&A: Ashwin Mistry: Speaking with one voice
The Chartered Insurance Institute’s new president, Ashwin Mistry, tells Callum Brodie why unity is top of his agenda, in a shift of emphasis at the body
C-Suite - Broker: Give the FCA what it wants
Brokers need not fear the FCA, as long as they put customers first