Broker
Burke predicting financial progress amid speciality focus
Jardine Lloyd Thompson chief executive Dominic Burke is confident an increased focus on specialty business and a growing global reach will enable the broker to achieve year on year financial progress.
CGSC 'disappointed' by Moody's downgrade
Wholesale broker Cooper Gay Swett & Crawford has criticised the decision to downgrade in its corporate family credit rating from B2 to B3.
Thomas Carroll unveils new group board director
Welsh insurance broker Thomas Carroll Group has promoted Julie Waters to the role of group board director.
Hudson leaving Aviva for 'completely different' insurance role
Aviva’s broker performance director for intermediary and partnerships Sam Hudson is to depart the insurer next year.
JLT expands specialty international reach
JLT has acquired a marine specialty broker based in the Netherlands and invested in a Dubai-based broker,in a bid to expand its international reach.
Additional funds at the ready for consolidator ahead of London market splurge
The founder of London market consolidation business Global Risk Partners has set his sights on tying up a string of deals for businesses with revenues between £1m and £50m in the coming months.
Towergate to re-focus on M&A following sale of 'non-core' underwriting business
Towergate chief executive Mark Hodges has insisted that acquisitions remain central to his firm’s growth strategy, despite the £9.25m sale of Towergate Underwriting’s commercial property business to Global Risk Partners.
Marsh: EU cyber directive must be on risk agenda
Insurers must consider the implications of the European Union's cyber security directive, Marsh has warned.
Gallagher sees Q3 group broker revenue climb 14%
Arthur J Gallagher revealed Q3 group brokerage revenues climbed 14% in figures filed with the US Securities and Exchange Commission yesterday.
Marsh: EU cyber directive must be on risk agenda
Insurers must consider the implications of the European Union's cyber security directive, Marsh has warned.
Autonet expands its offering on Quotezone
Autonet Insurance has launched its Carxtra brand on aggregator site Quotezone.
Post Magazine - 31 October 2013
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.
Broker Network membership rises in Q3
Broker Network welcomed 11 brokers to the network over the third quarter of 2013, an increase from the 5 and 8 new members that signed up for the first and second quarters of 2013, respectively.
Penny Black's Insurance Week - 31 October 2013
Law Society chairman Des Hudson shared a joke with his audience during his speech at the annual Motor Accident Solicitors Society conference this week.
C-Suite: All brokers can benefit from MGAs
How hip can managing general agents be? In UK commercial broking, MGAs have become a must-have accessory, with most of the big brokers bolting on MGAs to their distribution portfolios.
Biba restructure reflects greater focus on engagement with membership
Regional membership divisions replaced by segment-based approach.
Giles acquisition to be completed in November
Arthur J Gallagher will complete the Giles acquisition in early November, after originally anticipating the £233m deal could be completed this month.
GI sector fears ABI restructure will push its issues down the pecking order
General Insurance will merge with life and pensions and be led by Huw Evans.
Willis reports $27m net loss
Willis Group has posted a total net loss of $27m (£16.83m) for the third quarter of 2013, cutting the broker's profit by 17% for the first nine month of the year.
Editors comment: Trick or treat?
Aviva has done it this year, as has QBE, while brokers such as Towergate have got in on the act too – but now it seems it’s the trade bodies’ turn to follow suit.
Career development: Marsh young claims professionals event
Broking giant Marsh sold out its first event for young claims professionals earlier this month.
Career file: Simon Trott - Sales and service CEO Trott exits Towergate
Towergate sales and service chief executive Simon Trott has left the consolidator after 10 years at the firm.
Market Moves: Busy insurers make a raft of hires along with a number of key departures
Insurers led the way in a recruitment frenzy this week. AIG swooped for a head of commercial property, while Hardy acquired a property treaty business unit manager. There were departures too, with QBE’s Steven Burns announcing retirement from full time…
Motor Insurance: Jumping the gun
Motor insurers’ over-eagerness to reap the anticipated benefits of the Legal Aid, Sentencing and Punishment of Offenders Act has resulted in a sharp drop in rates. With unprofitability increasing, where does the sector go from here?