Besso
Brokers risking regulatory fines due to ‘misunderstanding’ of Bribery Act
Compliance experts issue warning following penalties for Besso, JLT and Aon.
Besso fine is 'stark reminder' of costs of non-compliance
The fine incurred today by Besso should serve as a cautionary tale for other brokers according to Anton Luck, partner at accountancy firm Moore Stephens
Besso fined £315 000 by FCA
Broker Besso has been fined £315 000 by the Financial Conduct Authority for failing to take reasonable care to maintain controls against the risks of bribery and corruption.
Market Moves - 27 February 2014
All the movers and shakers in recruitment in the insurance industry this week.
Besso appoints Cooper Gay & Company's Hovey as CFO
Independent Lloyd’s broker Besso Insurance Group has appointed Samantha Hovey as chief financial officer.
Costa Concordia: Two years on
Two years after the Costa Concordia ran aground, it has finally been given a date to be removed. What has happened in the marine market in the intervening period?
BP Marsh pushed to £1.4m post-tax profit after Hyperion sale
The sale of an 80% stake in Hyperion Insurance Group has seen BP Marsh record a £1.4m post-tax profit in its interim results for the year to 31 July.
C-Suite: Concordia proved insurance works
The recent ‘parbuckling’ (rolling over) of the Costa Concordia was a rare event in the maritime world, as it attracted major global media attention.
Europe: The cost of Concordia
What has the Costa Concordia disaster meant for the European marine market?
Besso pre-tax profits climb 52%
Lloyd’s broker Besso has seen its pre-tax profits climb 52% in the year ending 31 December 2012.
Besso expands into Australia following Sterling investment
Lloyd’s broker Besso has stepped up its foray into international markets with a minority investment in Sterling Insurance in Australia.
BP Marsh ready to sign another deal
BP Marsh chairman Brian Marsh has said he expects to sign a new deal tomorrow [4 June] following publication of his firm's financial results.
Besso acquires Istanbul-based aviation broker
Besso Insurance Group has agreed a deal to acquire Istanbul-based insurance and reinsurance broker HSB Sigorta ve Reasurans Brokerligi.
'Major changes' on horizon for BP Marsh
BP Marsh & Partners has reported a 10.6% increase in net asset value to £55.5m for the year to 31 January 2013 (2012: £50.1m) and net asset value per share of 190p (2012: 171p).
Marine: Tidal waves
Still reeling from recent huge losses, marine insurers cannot increase rates due to over-capacity – but is the outlook for the sector as negative as it seems?
Lloyd’s players call for clarity over vision for the market
Lloyd’s is facing scepticism from market members over the progress of two of its highest-profile campaigns – infrastructure plan Central Services Refresh, previously known as Project Darwin, and Vision 2025.
Market Moves: Markel, Axa and Argo head the recruitment trail
Insurers hit the recruitment trail hard last week after recent broking dominance, with notable hires at Markel, Axa and Argo. It was a quieter few days for those on the periphery of the industry, although some of the slack was inevitably picked up by the…
Besso poaches aviation head from Gibbs Hartley Cooper
Independent Lloyd’s broker Besso Insurance Group has appointed Richard West as its head of aviation.
Besso recruits aviation boss from Gibbs Hartley Cooper
Independent broker Besso has swooped for a new head of aviation from Gibbs Hartley Cooper.
Argo International looks to Besso for underwriting director
Argo International has recruited Besso’s director of underwriting to serve in its general liability team.
Costa Concordia one year on: Sea change
A year after the Costa Concordia disaster the insurance market is still picking up the pieces, but what will be the long-term impact?
Besso secures £5m in investment funding
Independent broker Besso Insurance Group has completed a deal to secure an additional £5m in investment capital from shareholders to support growth plans.
Outgoing Besso chairman Wade sells stake
Chairman Michael Wade has sold his stake in Besso to a consortium of investors, including BP Marsh.
Top 25 EC3 Brokers Spotlight
A run-down of the top 25 City brokers.