Broker
Motor customers paying up to 90% APR for monthly instalments
Motor insurance customers are being charged annual interest rates of up to 90% for choosing to pay in monthly instalments rather than an annual sum, according to research.
RFIB recruits Howden’s Dyke for non-marine international ops role
Lloyd’s broker RFIB has swooped for Howden’s head of operations Richard Dyke to take on a role as non-marine international division operations manager.
Biba to formulate guidance on sharing economy
The British Insurance Brokers' Association is to put together guidance on insuring risks for asset-sharing companies following a meeting between industry and government yesterday.
Capital investment sparks £1.2m tech upgrade at Bollington
Bollington Insurance Brokers has responded to demand for more interactive services by investing £1.2m in new software and call handling systems.
Permanent Flood Re CEO to be named this week
Flood Re Limited will this week unveil a permanent chief executive ahead of the release of a consultation addressing the final scope of the scheme.
Rural Insurance to terminate relationship with Broker Network
Rural Insurance managing director Ian Barclay has attributed a strategy of getting closer to brokers as the major factor behind his firm’s decision to sever ties with Towergate’s Broker Network.
Former Fusion regional development manager joins Essex-based MGA
Essex-based MGA Incorporated Insurance Group has hired Ian Chapman as its regional development manager based in Leeds.
Biba welcomes TSC's 'positive' whiplash proposals
The British Insurance Brokers’ Association has welcomed the Transport Select Committee’s latest whiplash report saying it supports “changes to protect innocent customers from the added cost of fraudulent insurance claims”.
Reich teams with former Bridge brokers for Vista venture
The leadership of Manchester-based broker Reich have teamed up with three former Bridge brokers to unveil a new venture in the form of specialist corporate broker Vista Insurance.
RFIB appoints MacFarlane as MD for international non-marine
RFIB Group has appointed Richard Macfarlane as managing director of its international non-marine business.
Ten moves to employee ownership model
Ten Insurance has converted to employee ownership safeguarding it against a buy-out from another network.
UK broker market sees rapid consolidation after AJG buying spree
The UK commercial non-life broker market is consolidating faster than its main European counterparts due to the recent acquisitions made by Arthur J. Gallagher, new research from Finaccord has shown.
CGSC launches LatAm wholesale insurance broking expansion
Independent wholesale broker Cooper Gay Swett & Crawford is to expand its Swett & Crawford wholesale broking business into the Latin American market.
AJG completes acquisition of Canada's Noraxis
Arthur J. Gallagher said today it had become a top five Canadian broker following the completion of its purchase of Noraxis Capital Corporation.
Marsh appoints Klisura as global placement business boss
Dean Klisura has been named head of Marsh's new global placement organisation.
In-Focus: Public Sector - Q&A Bill Sulman
Post spoke to Bill Sulman, director for public sector at Aon Risk Solutions, about the common business continuity threats for the public sector and how insurers, brokers and risk managers can work together for mutual benefit.
RFIB recruits Zurich’s El Kaissi to helm Saudi operation
Lloyd’s broker RFIB has named Zurich’s Middle East mid-market boss Hassan El Kaissi as its new general manager for Saudi Arabia.
JLT acquires stake in Sunidhi Group broking subsidiary
Jardine Lloyd Thompson has completed the acquisition of a 26% shareholding in Independent Insurance Brokers Private, the Mumbai and Chennai-based insurance and reinsurance broking subsidiary of Indian financial services business Sunidhi Group.
Zurich calls for improved data checking among brokers
Brokers have been challenged to help maintain the fight against fraud after a survey by Zurich showed that almost a quarter of ID checks fail because customers’ dates of birth have not been entered correctly.
Editor's comment: A look into the broking crystal ball
The UK consumer saw a glimpse into the future this week when Google launched its Google Glass product for the first time outside the US.
Brokers told to explain their services to customers as disclosure decision looms
German transparency U-turn means mandatory commission disclosure is likely
Towergate consulting on 69 underwriting roles
Towergate has confirmed that it will consult on a total of 69 roles as part of a redundancy programme at managing general agent Fusion.
C-Suite - Broker: Where next for broker consolidation?
Despite a considerable amount of consolidation over the past year, we still have a very fragmented broker market, with around 3300 brokers operating in the UK.
