Aon
Willis drops contingent commission ban
Broking giant Willis has confirmed that it will drop a ban on taking contingent commissions, just over two years after initially accepting the payments in its employee benefits arm.
Aon Q2 broking operating income up 7%
Aon has reported a 7% increase in operating income for its broking business in Q2 of 2014, with internal savings driving the improvement.
First half catastrophe losses 19% below 10-year average
Insured catastrophe losses for the first half of 2014 were $22bn and around 19% below the 10-year average of $27bn according to catastrophe modelers Impact Forecasting.
York International grows financial lines capabilities in London
York Risk Services Group subsidiary York International has appointed Carlos Michel as senior adjuster as it looks to expand its London-based financial lines capabilities.
Allianz is leading reinsurer for crashed Malaysian plane
Allianz Global Corporate and Specialty is the lead hull and liability reinsurer for the crashed Malaysia Airlines Boeing 777 flight MH17.
Footman James boss named Broker Network CEO
Towergate has appointed Footman James managing director Andy Fairchild as chief executive of Broker Network.
UK broker market sees rapid consolidation after AJG buying spree
The UK commercial non-life broker market is consolidating faster than its main European counterparts due to the recent acquisitions made by Arthur J. Gallagher, new research from Finaccord has shown.
Europe faces more than €2bn losses from June thunderstorms
An outbreak of severe thunderstorms in June caused over €2bn economic losses across Europe, according to Impact Forecasting, the catastrophe model development centre at Aon Benfield.
In Focus: Public Sector - The importance of business continuity planning
Risk management and business continuity planning is an essential part of running a commercial business. But while it can help to protect profits and ensure a business's future, there is no less of a need for robust BCP in the public sector.
In-Focus: Public Sector - Q&A Bill Sulman
Post spoke to Bill Sulman, director for public sector at Aon Risk Solutions, about the common business continuity threats for the public sector and how insurers, brokers and risk managers can work together for mutual benefit.
C-Suite - Broker: Where next for broker consolidation?
Despite a considerable amount of consolidation over the past year, we still have a very fragmented broker market, with around 3300 brokers operating in the UK.
In-Focus: Public Sector - Business continuity management standing up to scrutiny
With the Civil Contingencies Act requiring public sector organisations to have robust business continuity management in place to ensure they can continue to provide key services in an emergency, failure to do so can have serious repercussions.
RSA unveils changes to global broker function
Former Benfield Group general counsel Derek Walsh will take over responsibility for RSA’s global broker sales with key relationship managers following the retirement of Paul Donaldson at the end of the month.
Aon global power committee to be chaired by Waerseggers
Aon Risk Solutions has appointed its European power specialty leader Denis Waerseggers as chairman of its newly created global power committee.
Lockton hires Duncan to head Scotland corporate risks team
Lockton has hired former Marsh and Aon broker Gordon Duncan as head of its corporate risks team in Scotland as it eyes further regional expansion.
Airmic 2014: Financial services most exposed to cyber risk
The financial services industry is the most susceptible to cyber attacks in the UK, according to results from data provided by Aon’s cyber diagnostic tool.
Interview: Helen-Clare Pope: Every little helps
Incoming Airmic chair and head of insurable risk at Tesco Helen-Clare Pope talks to Post about her plans for her tenure and the challenges facing the risk management sector
Aon completes Lorica Employee Benefits purchase
Aon has completed the acquisition of Lorica Employee Benefits, boosting the broking giants own human resource solutions business to more than 400 employees.
Gable doubles pre-tax profits for 2013
Lichtenstein-based insurer Gable has seen pre-tax profits almost double over the course of 2013, recording a 99% increase on a year-on-year basis.
Penny Black's Insurance Week - 15 May 2014
As a faithful dress code follower, Penny was horrified at the wide-ranging interpretation of ‘cocktail attire’ on display at the recent Headline Money Awards.
Regional Review: Manchester
Ask a member of the Mancunian insurance workforce what the benefits of being located in the city are and they’ll likely respond with: “Where do I start?”
Willis appoints Everling as Netherlands boss
Willis has appointed Jeroen Everling as chief executive of Willis Netherlands effective from 1 June.
Marsh boss Julie Page to chair Biba international and wholesale advisory board
The British Insurance Brokers’ Association has named Marsh Limited chief executive for the UK’s consumer and commercial practice Julie Page as chair of its new international and wholesale brokers’ advisory board.
Former Aon boss Martin named CEO of Willis Limited
Willis Group has appointed David Martin as chief executive of the group’s principal UK regulated entity Willis Limited.