Broker
Willis Risk Solutions adds to senior team
Willis has confirmed George Haitsch has been appointed as practice leader for Willis Risk Solutions, the business unit that serves the broker’s large, complex corporate clients in North America.
MMC chief content with insurance arm in light of soft market
Marsh & McLennan Companies has reported that consolidated revenue in the first quarter of 2010 rose 7 percent to $2.8bn from Q1 2009 and was flat on an underlying basis.
Over fifties insurance provider to recruit 70 for new base
Over fifties insurance provider Staysure is aiming to double its turnover in 12 months with a new base.
CCV boss hails its M&A model as election uncertainty looms
Cullum Capital Ventures has acquired the general insurance portfolio of DTE Risk & Financial Management.
Online SME insurance specialist recruits new CEO from consumer sector
Online SME commercial insurance specialist Xbridge has appointed Jason Stockwood as its new CEO.
GI job demand hits new high, although salaries go backward
Salary offers for new jobs dropped back below 2009s level, although demand from UK employers for new workers remained steady in April according to the Reed Job Index published today.
BLP appoints three sales reps
Building defects insurance specialist BLP has appointed three salespeople. Brian Kilroy joins as business development manager and will head up the sales operation.
Marsh adds to UK national corporate leadership team
Following completion of its acquisition of HSBC Insurance Brokers, Marsh has added to its UK national corporate leadership team.
Broker Network appoints customer services director
Broker Network has appointed Paul Roberts as its new customer services director, network division.
Broking focus - referral fees: Fight less, pay more
Brokers have been told they can expect falls in income generated from referral fees after new reforms were implemented on 30 April. Ralph Savage discusses the potential fallout from these new rules and what impact it could have on brokers' bottom line.
Broking focus - regulation: On the radar
With the Financial Services Authority starting to show its teeth over finances, Philip Grant examines the issues surrounding legacy payments.
Interview - Ian Passmore: University challenge
Having started at Endsleigh 30 years ago as a graduate, managing director Ian Passmore knows the roots of the business. He talks to Mairi MacDonald about the future for the broker.
ABI welcomes Biba to flood working group
The Association of British Insurers has welcomed the prospect of working with the British Insurance Brokers' Association to deal with major flood events.
Brokers still slow over electronic commercial trading
The vast majority of brokers think premiums placed electronically should be no larger than £5000, although 7% feel premiums of any size could be underwritten electronically.
Towergate smooths IPO path with debt restructure
Towergate has enlisted investment bank JP Morgan to advise it on a debt restructure that will extend the length of time it has to repay monies owed by swapping bank debt and preferred shares for a stake in a new subsidiary.
Jelf appoints Barton as chief executive
Phil Barton, commercial director of Jelf Group, has been promoted to the newly created role of chief executive of the group's insurance business.
Kwik Fit's Meechan joins Tesco
Kwik Fit Financial Services insurance development director Gerry Meechan is set to join Tesco as part of its new general insurance structure, Post has learnt.
BI specialists urge policy clarifications
Business interruption specialists have urged insurers to clarify their policies following the publication of a Chartered Institute of Loss Adjuster BI wording review.
Prime Professions to replace Quinn on solicitors account
Prime Professions is poised to replace Quinn with another insurer for its UK solicitors account, with Zurich and Travelers as frontrunners, Post has learnt.
SSP reveals profits rise
Technology firm SSP has revealed that its profit had risen 5% to £17m on revenues of £75m (up 2%) for the 12 months ended 31 March 2010.
Endsleigh and Lloyds TSB to take volcano claims hit
Endsleigh and Lloyds Banking Group have agreed to compensate customers for certain volcanic ash travel claims following the decision by their underwriter, Axa, not to pay out most claims.
Coverzones shuts up shop after finance warning
Commercial insurance aggregator Coverzones has shut up shop less than two years after it commenced trading in June 2008.
The Aldermanbury Declaration - watch the debate
If you missed yesterday's live webinar debating the recently launched Aldermanbury Declaration it is now available for viewing on-demand.
Towergate seeks £665m cash boost
Towergate Finance, part of the Towergate Partnership, is seeking a £665m cash boost from investors to refinance its existing debt and redeem certain preferred shares.