Broker
Aon Benfield launches ILS benchmarking tool
Aon Benfield Securities has launched an insurance-linked securities (ILS) benchmarking tool, the Aon Benfield ILS Indices, which provides a quantitative view of ILS returns since December 2000.
Penny Black's insurance week
One of Penny's colleagues met up with new Garwyn CEO Stewart McCulloch this week, and by all accounts he seems to be warming quite nicely to his new role in the claims space.
Postscript: Five years ago: Drug cover costs still on the rise
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from five years ago reveals.
Postscript - 10 years ago: Football coverage in decline
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Career development: Barbon staff go for green light
Mairi MacDonald looks at how the implementation of a 'traffic light' target system alongside new employee benefits has seen staff retention soar at Barbon.
Career development: Ask the expert
"I applied for a role on a whim two weeks ago - now I've been offered the job. It's all happened so fast and the company wants me to resign before my line manager goes on holiday. I feel quite guilty about this and really need more time to consider…
Manchester moves for Marsh and Mercer
Marsh and sister consultancy firm Mercer are to consolidate their Manchester operation from the current three locations into one.
Kerry London secures £1m acquisition funding
Kerry London chief executive Damian Kissane has claimed the group is close to concluding a new bank facility that will enable it to make an acquisition.
Willis ends pay freeze but flexible working still an option
Willis is set to reintroduce annual salary reviews following a two-year pay freeze that was implemented at the height of the credit crunch to cut back on costs.
Allianz boss backs rate increases to fuel return to profit
Allianz Insurance chief executive Andrew Torrance has revealed it could implement rate increases of up to 25% in its broker motor book during 2010.
FSA crackdown: whistleblower helps ban unauthorised broker
A whistleblower has helped ban an unauthorised insurance broker from performing any regulated role in financial services, after he was caught using client money to fund a new broking business.
Brokers worry about client choice as RSA bids for Aviva
Brokers have voiced concern that RSA's £5bn bid for parts of Aviva's general insurance business, including the UK, could ultimately limit client choice and competition.
Fortis reaffirms commitment to Kerry London partnership
Fortis has confirmed it has no plans to end its existing partnership with sport & leisure broker Kerry London, after recent speculation both firms could part company.
Law firms divided over FSA broker action
Eversheds and Beachcroft have responded to the FSA’s record £150 000 fine and ban on five insurance brokers, announced earlier today.
FSA bans five brokers, hands out £150 000 fine
The Financial Services Authority has banned five individuals for failings in relation to insurance fraud. It has also imposed one of its largest ever fines of £150 000 for insurance fraud on one of these individuals and £50 000 on another.
Marsh promotes Waterer to new risk leadership post
Marsh has promoted Richard Waterer to the newly created role of head of operational risk for Marsh Risk Consulting in the UK. He will report to Jeff Colburn, UK MRC Leader.
Marsh promotes Waterer to new risk leadership post
Marsh has promoted Richard Waterer to the newly created role of head of operational risk for Marsh Risk Consulting in the UK. He will report to Jeff Colburn, UK MRC Leader.
Aviva triples personal lines new business
Aviva has confirmed that it has experienced a three-fold increase in personal lines new business volumes over the last two months as a direct result of its work with SSP.
Allianz UK COR remains steady at 95.3% as profits drop for H1 2010
Allianz has recorded a reduced profit before tax of £78.4m (H1 2009: £88.3m) for H1 2010, as the insurer’s combined operating ratio deteriorated slightly to 95.3% (H1 2009: 94.9%).
NMJ Insurance Brokers strikes again
NMJ Insurance Brokers has announced its second acquisition following the purchase of Ridge Insurance in January 2010.
Policyfast beats new agency targets
Online wholesaler Policyfast has opened its 1000th agency beating its target of the end of the year by more than four months.
CBG to restate 2009 half year results due to premium finance issue
Broking group CBG this morning admitted it will have to restate the half year results for the six month period ended 30 June 2009.
Aviva shareholders annoyed by RSA rebuttal as "everything" has a price
Both Standard Life and Royal London Asset Management are reported to be annoyed that Aviva's management rejected RSA's £5bn offer for the business without consulting shareholders.
Aviva took days to reject RSA's "unacceptable" £5bn GI business offer
Aviva took ten days from receiving a £5bn offer from RSA to rejecting it, the insurance group admitted today.