Broker
Post in print - 22 April
Post reporter Dan Dunkley provides a quick overview of this week's major news including: Towergate brings in IPO experts, Capita insurance chief quits, Lib Dem's in mutual manifesto, Quinn faces UK underwriting decision and insurers assess volcano…
Business interruption policies need 21st century update: Aon
Stephen Cross, chief executive officer of Aon Global Risk Consulting, has released a statement on the business and insurance implications of the ash cloud that has been causing difficulties across much of Europe:
Marsh offers risk and insurance advice for affected organisations following the volcanic ash
Marsh is issuing business continuity, supply chain and insurance advice to organisations affected by continued air traffic disruption following the eruption of the Eyjafjallajökull volcano in Iceland and subsequent ash cloud covering European airspace.
Ex Swiss Re ILS head joins Willis for capital markets push
Willis has appointed Bill Dubinsky as managing director and head of insurance-linked securities for its Willis Capital Markets & Advisory arm.
Broker's technology unit boosted with win
CBG Group – the insurance broker and financial services intermediary – has added photography specialist, sUAVe UAV Enterprises, to its portfolio.
Brown & Brown Q1 profit down 8%
US (re)insurance broker Brown & Brown has reported a quarterly profit that narrowly beat market estimates, helped by low expenses.
ABI hits out at "act of God" myth over travel claims
The Association of British Insurers has hit out at the "urban myth" that insurers are relying on an “Act of God” clause to refuse claims from customers stranded abroad by the ongoing aviation disruption.
TIP recruits two new staff to York office
The insurance partnership has recruited Bob Blackburn as association director and Nick Savage as a key commercial account handler.
Hiscox backs new underwriting start up
White Oak Underwriting Agency has commenced underwriting, initially targetting the 'automobile and mobile equipment industries'.
Penny Black's insurance week
Penny was intrigued to discover the re-emergence of an age-old rumour this week, Morrisons is, apparently, back on the radar of insurers.
10 years ago: Service standards are blasted
Today's London insurance market has "completely unacceptable service standards", with both documentation and claims payments far too slow.
RFIB
RFIB Group has appointed Karl Haynes as director of international claims.
Oxygen appoints new head of affinity
Oxygen Insurance Brokers has appointed Steve Johnson as head of affinity.
Regional Review - Glasgow: Local strength
With significant activity already in 2010 and the emergence of a new financial district, the Glasgow insurance market looks set for further growth. Mairi MacDonald assesses the financial landscape in Scotland's largest city.
Interview - Matthew Reed: Ship shape and Bristol fashion
Power Place chief executive Matthew Reed took a circuitous route into the insurance industry, after a stint in the Navy. Mairi MacDonald asks him about his plans for the firm and how he intends to drive the business forward.
Pavey Group buys rival and aims for growth
Exeter-based broker Pavey Group plans to "aggressively grow" its commercial business, after acquiring the commercial team and clients of fellow Exeter broker RK Shipman.
Broker gets Brain in gear
Former Bluefin director Gordon Brain has joined Henderson Insurance Brokers as group broking director, based at the company's Leeds head office.
Capita to merge buys to create niche giant
Capita Insurance Services is aiming to become the largest niche motor broker in the UK, according to the managing director of its most recent acquisition Sureterm Direct.
Fusion gears up for launch
Towergate-owned underwriter Fusion is to launch a continuity offering as part of its wider business interruption risk management service.
View from the top: Exceeding expectations
The debate over short-termism and shareholder value that has been echoing around the nation's boardrooms of late, could and should have a profound impact on the way we promote customer service.
Dawson Whyte pub gig
Belfast-based broker Dawson Whyte has been appointed to provide support to members of Northern Irish pub body, The Federation of the Retail Licensed Trade.
Top 5 Post stories
The top five most popular stories on postonline.co.uk over the last week were:
Broker dumps Willis and undergoes MBO
Glasgow broker Orr Kerr Dykes has expanded its operations with the opening of a sales branch in Stirling following the completion of a management buyout.
Towergate creates two PLCs and appoints IPO specialist
The Towergate Partnership has instructed an international corporate law firm to help it oversee a financial restructuring of the business including the formation of two "public-limited company" operations, Post has learnt.