Broker
Lorica appoints former JLT partner
Lorica Insurance Brokers has revealed that Stefan Puttnam, previously a partner at JLT, will join the company as an executive director as of 6 June.
Profits rise at BP Marsh
BP Marsh & Partners, a venture capital outfit with several insurance investments, has announced a consolidated profit after tax of £3.6m.
Kwik-Fit to axe up to 170 jobs
Kwik-Fit Financial Services (KFFS) has confirmed plans to merge its insurance business onto one site with the loss of up to 170 jobs.
Giles not headed for IPO chief exec insists
Brendan McManus, chief executive of Giles Insurance Brokers, has hit back at claims the company’s backers are looking for an exit as he moved to dampen rumours of an imminent market flotation.
Giles losses for 2011 come in at £37m
Giles group has reported a further loss of £37.4m for the year to 31 August 2011 compared to £37.1m in 2010.
CCV wins chartered status
Cullum Capital Ventures (CCV) has been awarded chartered status by the Chartered Insurance Institute (CII).
Direct Line to pay shareholders £500m dividend
Direct Line Insurance Group has declared an interim dividend with an aggregate amount of £500m.
Coversure opens first of several new offices
Coversure Insurance Services has opened a new office in Ilfracombe in Devon.
Ramsey to replace Oliver as Barbon CEO
Barbon Insurance Group has recruited Mike Ramsey as its new chief executive officer to replace Martin Oliver.
Cobra takeover deadline extended for Alto
The deadline for a deal between Cobra Holdings and Alto Intermediary Group has been extended until 7 June 2012.
Arista reports improved GWP and turnover for 2011
Arista has reported gross written premium (GWP) of £74m for 2011, a 10.5% improvement on the £67m it recorded in 2010.
Admiral Group wins top spot on best workplaces list
Admiral Group has been named the best large place to work in the UK in the Great Place to Work Institute’s Best Workplaces list.
Commission disclosure, it's a question of politics
Let me share with you the major reason why I think brokers need to get ready for commission disclosure.
Miller targets corporate sector expansion with new hire
Miller Insurance Services has recruited Warren Dann from Jardine Lloyd Thompson as it looks to expand its book of large corporate clients.
CII launches apprenticeships guide
The Chartered Insurance Institute (CII) has launched a guide to hiring and getting the best from apprentice employees.
UK economy shrank more than predicted in first quarter
The UK economy shrank by 0.3% in the first quarter of 2012, according to figures from the Office of National Statistics (ONS).
2012 British Insurance Awards shortlist revealed
The brokers shortlisted for the British Insurance Awards (BIA) have been revealed by sister publication Postonline.
Police arrest fraudster posing as insurance broker
A bogus broker has been charged with insurance fraud by the City of London Police.
Giles lures senior Towergate director to head up Scottish operation
Towergate’s acquisitions and projects director has left the company to become Giles’ regional managing director for Scotland and Northern Ireland.
FSA bans broker for client money breaches
The Financial Services Authority (FSA) has banned Essex-based insurance broking director Derek Wright from performing any FSA-regulated functions.
Steve McGill steps up to group president role at Aon
Steve McGill has been appointed group president at Aon in conjunction with his current roles as chairman and chief executive officer of Aon Risk Solutions.
Towergate losses peak at almost £16m in Q1
Towergate Holdings has reported a loss on ordinary activities after tax of £15.8m for the first quarter of 2012.
Colin Dallas, chairman of T L Dallas Group, passes away
The Bradford-based T L Dallas Group has announced that chairman, Colin Dallas, has sadly passed away.
Allianz reports increased GWP but says market remains "challenging"
Allianz Insurance has reported a 6.8% improvement in gross written premiums (GWP) for the first three months of 2012, but cited recession related claims costs as a hindrance to the commercial division of the business.