Broker
Piracy attacks have lower success rates finds Aon
There has been an increase in overall piracy activity but a general decline in successful attacks on vessels over the last year according to a new report.
Insurance Insight weekly update is now live
Insurance Insight’s weekly update is live featuring a Q&A with CED Ceo Stef Witteveen: and a View from the Top from FERMA vice president Julia Graham.
Service quality poll result
Find out what the industry made of the S&P research showing less than a quarter of insurance buyers would switch to a broker with a lower quality service even for 20% less premiums.
Oxford Insurance Brokers moves to London
Oxford Insurance Brokers has transferred Alwen Hough Johnson special lines team and existing portfolio of business to its London office on Lombard Street.
Marsh appoints Bill Pieroni as COO
Marsh has named State Farm’s Bill Pieroni as chief operating officer from 19 September.
Market moves: Bucking the trend for UK employment
With September in full swing, announcements of moves around the market are arriving thick and fast. After the dearth of recruitment news in August, disciplines across the industry spectrum appear busy luring expertise from competitors, promoting from…
JLT to poach staff from top brokers
JLT boss Dominic Burke has declared open season on poaching top staff from rival firms after a £166m investment from its 30-year backer Jardine Matheson.
CQS and Lexcel firms secure PII package
CQS and Lexcel firms has today unveiled a new scheme alongside PII broker Hera Indemnity to offer accredited firms the opportunity to reduce their premiums through a panel of qualifying insurers.
Willis names new Argentina chief
Broker giant Willis has promoted its Latin America group regional placement officer Seth Peller to be CEO of Willis Argentina, based in Buenos Aires.
Industry associations back Government regulation reform
Insurance and broker associations have welcomed the Government’s proposed regulatory reforms in their consultation responses. However, they have also expressed concern its plans could be too “ambitious” and potentially cause delays.
Claims rise as landlords cut maintenance budgets
The proportion of claims made for avoidable incidents such as leaks, burst pipes, frost damage and general wear and tear has increased by 5% since 2008 as tight budgets hit property maintenance by landlords.
Brightside’s H1 pre-tax profit up 80%
Broking group Brightside has reported half-year revenue up 50% to £39.8m (2010: £26.6m) and pre-tax profit up 80% to £7.2m (2010: £4.0m) on the back of its buyout of eCar and eBike.
Jardine Matheson increases JLT stake
Broker Jardine Lloyd Thompson has said its London-listed, Bermuda registered, Chinese founded backer Jardine Matheson is to take an extra 10% of the company for £166.27m.
Your say: Breaking old ground
I could have taken exception with Keith Stern giving the impression he is a pioneer in the UK provinces attracting business into the Lloyd’s market, but that would have been counterproductive.
Social media: Hashing out hashtags
Has the insurance industry finally mastered the art of social networking?
Colosso and Barr leave Gallagher Heath as Hodges starts new role early
A week of departures and early arrivals within the broking community has resulted in former Heath Lambert bosses Adrian Colosso and Graham Barr leaving Gallagher Heath, while ex-Aviva UK CEO Mark Hodges has started work at Towergate earlier than expected.
Editor's comment: The devil is in the detail
Just when consensus was building across the insurance industry that banning referral fees alone will not cure the UK civil litigation system of all its perceived ills, reduce car insurance premiums, or single-handedly wipe out personal injury claims…
Mooted HSBC GI sale a sign of the times
HSBC’s mooted plan to sell its general insurance arm is part of a growing trend of banks “retrenching”, according to an analyst.
Penny speed meets... Andy Miller, CEO of Brokerbility Information Gateway.
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Concerns sparked over quality of insurer supply chains
Leading insurers have raised “serious concerns” over the industry’s ability to handle water perils claims, with restoration companies shouldering a large proportion of the blame.
Ask the Expert
With all the recent turmoil in the markets, how is the insurance industry faring in terms of new job creation?
Wipro BIS countdown: Virtual reality check
Generations Y and Z can be targeted through social networking sites.
View from the top: Business as usual
In May, when I last wrote this column, all eyes were on mid-year reinsurance renewals given the pummelling that the year’s natural catastrophes had already delivered to reinsurers.
Interview – Pierre Lefèvre: A long time coming
As international division managing director for Groupama, the UK once again falls under the watchful eye of Pierre Lefèvre, after an earlier five-year stint as the country’s CEO. Almost a decade after their last interview, Lynn Rouse catches up with…