Broker
Market Moves - 19 June 2014
All the latest job moves in the insurance market
Cyber fear outweighs board level ownership
Only 14% of medium to large-sized companies have an insurance policy in place against cyber risk, according to a poll by Marsh, despite more than half (56%) of those surveyed placing it in the top five risks faced by their firm.
Thomas Group's Moore awarded MBE in Queen's Birthday Honours
John Moore, chairman of Thomas Group, has been awarded an MBE in the Queen’s Birthday Honours for services to the financial sector and charitable services to Ty Hafan Children's Hospice in Wales.
Airmic 2014: Financial services most exposed to cyber risk
The financial services industry is the most susceptible to cyber attacks in the UK, according to results from data provided by Aon’s cyber diagnostic tool.
Makhoul appointed as executive chairman for Marsh MENA
Marsh has appointed Robert Makhoul as executive chairman for Marsh Middle East and North Africa.
Bluefin hires Parker as BDM for health team
Bluefin has appointed Ian Parker as a business development executive for the health & care team, effective immediately.
Claffey elevated to MD of media broker
Media insurance broker Allan Chapman & James has appointed John Claffey as managing director.
Marsh appoints non-exective director
International broker Marsh has appointed the CEO of the UK's Met Office John Hirst as non-executive director.
Biba research spurs Defra Flood Re roundtable
Research from the British Insurance Brokers' Association has highlighted concerns that buying and placing flood cover will become increasingly difficult once Flood Re comes into force.
Liberty Insurance appointed lead underwriter for Hughes
Liberty Mutual's Irish subsidiary has agreed to become the lead underwriter of Hughes Insurance following its acquisition of the Northern Ireland broker announced yesterday.
Liberty Insurance acquires Northern Ireland broker Hughes
Liberty Insurance has acquired Northern Ireland broker Hughes Insurance, according to Post's sister publication Insurance Age.
19 staff impacted as Towergate shifts Leeds HNW business to Surrey
Towergate is shifting high net worth business carried out by Premier Home Solutions in Leeds to Surrey with up to 19 staff expected to be affected by the move.
Swinton promotes two to account exec roles
Swinton has made two promotions within its Manchester head office elevating Matthew Collings and Ben Travis to personal lines account executive roles.
AJ Gallagher gains regulatory approval for Wesfarmers broker deal
Regulatory approval has been granted for the A$1.1bn ($928m) acquisition by Arthur J Gallagher of Wesfarmers insurance broking operations.
Profit margin slips by 1% at Tysers as chair eyes 'opportunities'
Tysers saw its Ebitda profit margin slip on a year-on-year basis from 19% in 2012 to 18%, despite recording 3% growth in overall revenues to £38.7m in 2013 (2012: £37.6m).
Henderson sets up marine division
Henderson Insurance Brokers has established a marine division to take advantage of growing opportunities in the UK maritime and ports sector.
ERS recruit from Rural for business development pair
ERS has picked up a pair of business development executives from Rural Insurance, with responsibility for Scotland and the North East.
Head to Head: Commercial rates
This year’s Airmic conference, taking place at Birmingham’s International Convention Centre, will see insurers and risk managers come together to share experiences and influence forward thinking. Post asked some leading industry figures to go head-to…
C-Suite - Broker: The equation for M&A success
Success, like genius, is both inspiration and perspiration. And while Thomas Edison believed genius to be 1% the former and 99% the latter, whether the balance is the same in success is perhaps a matter of debate.
Marsh boss Weil calls for U-turn on 'perverse' risk pooling for schools
Global broker Marsh is urging the government to rethink the introduction of a risk pooling arrangement for academies and free schools amid claims the scheme will result in a substantial loss for the taxpayer.
Market Moves - 12 June 2014
All the latest job moves in the insurance market
Willis launches Shariah compliant real estate product
Willis has launched the UK's first Shariah compliant commercial real estate insurance solution.
David Holman memorial service open to market colleagues
Market colleagues have been invited to attend a memorial service in honour of the former boss of Lloyd’s broker John Holman & Sons, David McArthur Holman, who has passed away at the age of 85.
Insurers recognise need for efficiency
Insurance executives have identified back office functions and claims as the top areas of their business where efficiency could improve, according to research from the EDM Group.