Broker
Apprenticeships: Insurers want you
With the Insurance Growth Action Plan hoping to add momentum to the industry’s drive to attract young talent, what does the future hold for insurance apprenticeships?
Insurer FSCS levy to drop 37% while brokers see £8m increase in 2014/15
The proposed general insurance levy payable to the Financial Services Compensation Scheme in 2014/15 has dropped 37% from the year before, the organisation’s budget shows.
C Suite: Nondisclosure consigned to history
When the concept of duty of disclosure first became enshrined in insurance law the world was a very different place – an underwriter relied entirely on the broker’s presentation and had few alternative sources of information.
Willis' Thomas moving to Singapore
Neil Thomas, executive director, energy, property and casualty claims at Willis is moving to Singapore from London in February to help him concentrate more on Asia.
Ex-DLG regional manager Hughes becomes Bollington director
Bollington has recruited Direct Line Group’s Paul Hughes as director of direct sales, in a bid to expand the broker’s motor trade division.
Hyperion records positive growth but rules out IPO in short-term
Hyperion Insurance Group today reported a 51% increase in revenue for the year ended 30 September 2013 as group chief executive David Howden said an IPO is still firmly on the company’s agenda.
NIG's McCormick heads Barbon management restructure
Barbon has completed a restructure of its leadership, Post can reveal, with NIG's commercial manager Derek McCormick incoming as underwriting director.
Blue Insurances buyout co-founder for almost €10m
Online travel insurance broker Blue Insurances has completed a buyout of one of its founding directors, and shareholder, Rowan Devereux for just under €10m.
Towergate announces management shuffle after retail split
Towergate has today announced three appointments as part of the separation of its retail business announced last October.
LV's Venus promoted to head of broker services
LV Broker has made two new appointments to supports its planned growth in 2014.
Willis UK restructure not aimed at 'cost cutting'
The restructuring of Wills Group’s UK operations is designed to fuel growth and is “not an exercise in cost cutting” according to UK retail head David Martin.
JLT eyes more acquistions in Hong Kong
Following the broker's acquisition of Lambert Brothers, JLT's acquisitive nature could lead to more acquisitions in the SAR according to its Hong Kong managing director.
Public sector growth plans boosted by Gallagher Heath sales hire
Gallagher Heath has appointed Anthony Needham to the newly created role of sales director in its public sector and education practice.
Compliance and in-house teams bolstered by Broker Network
Broker Network has bolstered its in-house broker development managers team by recruiting four new starters ahead of plans to draft in three more BDMs during the course of the year.
Bluefin looks to Axa as HR director Parsons departs
Bluefin has confirmed its human resources director Andy Parsons has left the broker.
Axa announces two senior broker-facing appointments
Axa has made two senior broker-facing appointments including looking to Aviva to fill a relationship manager role.
Cobra Network snaps up three new members
Cobra Network has made a positive start to 2014 after signing up three new members.
Risk managers complacent on cyber and terrorism risks
Risk managers may be seriously underrating major threats facing their businesses according to an Aon survey of captive directors.
JLT buys Lambert Brothers in Hong Kong
Jardine Lloyd Thompson has expanded its footprint in Hong Kong by buying local insurance broker Lambert Brothers.
India to review foreign ownership threshold of intermediaries
The Insurance Regulatory Development Authority has formed a panel to look at increasing the foreign ownership threshold of Indian intermediaries and third party administrators from 26% to 100%.
Post magazine – 16 January 2014
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Biba manifesto sparks hope the burden of regulatory cost will be addressed
FCA urged to find areas for savings and be more transparent.
2014 tipped to see consolidation surge as sector’s M&A appetite increases
Regulatory certainty, soft market and economic recovery make deals likely.
Signposting agreement proves worth with more than 100 000 referrals
More than 100 000 older motorists and holiday makers have accessed the signposting agreement forged by the insurance industry and the government since it came into force in April 2012.