We cherry pick the stories of the week
Lloyd’s broker Besso is now majority owned by staff; Wells Fargo no longer has a stake. The broker announced on Friday that chairman Michael Wade had acquired a 15% stake, Brian Marsh Enterprises has 11%, and existing shareholder BP Marsh & Partners has upped its stake to 34%.
Towergate has landed a four-strong team from Heath Lambert to boost its Aberdeen business. New managing director Mark Webster takes the reins later this year.
Chartis has restructured its global business around two groups, commercial and consumer, and named Peter Hancock group chief executive. Hancock, currently executive vice-president at parent AIG, takes over from Kristian Moor, who becomes vice-chairman.
An amateur footballer has been jailed after trying to con insurers for £1.35m for car crash injuries, despite being able to play for his Doncaster club. James Shikell was a passenger in a crash in 2002 and three years later the Motor Insurers’ Bureau paid out. He claimed the injuries had ended his playing career, but MIB spotted him playing football.