Broker
Power market shows softening environment
According to the latest Power Market Review from Willis, insurance rates in the power sector are expected to soften further in 2010, despite the existence of many of the conditions that would normally presage a hardening market.
Post in print – 5 August 2010
Post reporter Dan Dunkley outlines the main news from this week's issue of Post.
Former Lloyd's broker sentenced to 3½ year jail term in fraud case
A former Besso broker has been jailed for three-and-a-half years after siphoning close to £1m of client money, according to reports.
Axa CEO: we will remain loyal to UK motor broker market
Axa Insurance's chief executive has pledged a commitment to the intermediated personal lines motor market.
Torus targets London market with new casualty head from Aon
Torus has appointed David Whyman as senior vice president, UK head of casualty, based in London.
Fortis gets FSA go-ahead for Kwik Fit Insurance takeover
Fortis today confirmed that regulatory approval for the purchase of Kwik-Fit Insurance Services has been given by the Financial Services Authority.
Torus targets London market with new casualty head from Aon
Torus has appointed David Whyman as senior vice president, UK head of casualty, based in London.
QBE: only one in six SMEs looking to hire more staff in 2010
According to new research from QBE Insurance 85% of SME respondents to its latest survey are not looking to hire in 2010.
Moneysupermarket sees insurance reveune increase 9% to £40.6m in H1 2010
Moneysupermarket this morning reported that revenue from its insurance division for the first six months of 2010 increased 9% to £40.6m (H1 2009: £37.1m).
Ropner launches ship repairers liability product
The Ropner Yacht Team, part of Ropner Insurance Services, has announced the launch of a first party ship-repairers liability insurance product for individual yacht owners and underwriters.
Axa-owned broker Bluefin sees 4% drop in revenue in first half of 2010
Axa-owned broker Bluefin Insurance Group revenues were down 4% to £57m for the first six months of 2010, it reported this morning.
Penny Black's insurance week
Last week you couldn't move for publicity about Boris Johnson's Barclays Cycle Hire project in London. What a shame, then, that the London mayor and his regional transport team's goodwill towards the oxygen of publicity did not extend to the North-west…
Postscript - five years ago: Towergate in VC launch for insurance
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.
Axa UK CEO Moreau to leave for top job in France
Axa has confirmed long standing speculation that its UK CEO Nicolas Moreau is to leave his role and become CEO of Axa France.
Career development & CSR news - CII: complete overhaul of skills landscape needed
The Chartered Insurance Institute has claimed that the UK's "entire skills landscape" must be overhauled if the country is to compete with other global economies.
Engineering - air conditioning: Keeping it cool
With air conditioning no longer a novelty in the UK, Thomas Howe argues more care needs to be taken over refrigeration issues.
Broker focus - exit options: Feathering the nest
Finding a favourable exit during the economic downturn has proved tricky for broker owners. Leigh Jackson reports on how the tide may be turning for those looking to sell.
Aon UK reports an 8% decrease in commission and fees
Aon has reported an 8% decline in commission and fees for its UK arm in the second quarter of 2010 to $167m (£106.9m) (Q2 2009: $181m).
JLT CEO: 'we will be doing the acquiring'
Jardine Lloyd Thompson has pledged to invest in its Asian operations after posting strong international growth in its half-year financials.
Editor's comment: Can NIG win back trust?
The news of NIG's proposed withdrawal from the personal lines market has caused considerable discussion this week both on the Post website and in the magazine.
Towergate: bond issue is still on 'to do' list
Towergate is keeping the brakes on its £665m bond issue in response to little improvement in the financial markets.
PL brokers defiant over demise of NIG motor
Brokers have responded defiantly to any demise of NIG's personal lines motor book, insisting there is sufficient appetite to fill the void left by the insurer.
Axa UK CEO Moreau to leave for top job in France
Axa has confirmed long standing speculation that its UK CEO Nicolas Moreau is to leave his role and become CEO of Axa France.
Marsh Q2 2010 results show double digit growth in Asia
Marsh & McLennan has today reported that its risk and insurance services arm, Marsh, recorded revenue of $1.5 bn (£942m) in the second quarter of 2010, an increase of nine percent from the same period in 2009, or one percent on an underlying basis.