Broker News – Page 174
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NewsDennis Mahoney to replace Jonathan Turnbull as RFIB chief
Turnbull said it is the right time for him to ‘move on to other ventures’
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NewsAon UK names new chairman as Carnegie-Brown departs
Board director Simon Jeffreys steps into role
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NewsRSA incurs large losses of £409m
The insurer said the amount was ’slightly worse’ than it had planned for
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NewsRSA UK premiums up 2% as group core falls 5%
In UK personal lines premiums were down 4% due to ongoing impact of RSA’s withdrawal from certain businesses
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NewsKeycare aims to highlight value of add-on cover
Company commissions survey on key loss insurance ahead of FCA ban on opt-out add-ons
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NewsIFB consults on expanding membership to third party providers
IFB fraud data sharing could extend beyond insurers to supply chain
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NewsTowergate restructures underwriting division
Arista, Fusion and Towergate Commercial Underwriting (TCU) will be brought into one commercial operation from next year
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NewsTowergate small business unit head and two directors to depart
SBU unit will no longer operate as separate business but under one management structure in the retail arm
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NewsJLT insurance grows, but group cuts profit forecasts
Downturn in employee benefits and adverse currency movements offset better insurance result
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NewsConcerns over cover for asbestos removal
Brokers likely see increased demand from contractors if removal programme is accelerated
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NewsTalkTalk hackers stole almost 1.2 million names and numbers
Almost 21,000 bank account numbers and 28,000 obscured credit card number were also accessed
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NewsTowergate Underwriting personal lines head to leave
Alex Fletton to replace departing Nel Mooy at year-end
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NewsPE house Odyssey completes Integro acquisition
Management team remains in place following takeover
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NewsGallagher rebrands delegated authority unit as Capsicum
Company says unit has ‘natural alignment’ with Capsicum Re subsidiary
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NewsGallagher’s Ross court battle costs to exceed settlement amount
Broker to pay $4.5m a quarter until mid-2017
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NewsSMEs in denial about need for cyber cover – brokers
But survey finds market is expanding as existing clients buy more cover
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NewsRyan Brown to leave Towergate as Mugge reshapes finance team
Broking group hires two from RSA and one from Deloitte
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NewsAon broking profit falls 16% in year to date
Aon Risk Solutions reports 6% revenue drop but 2% organic growth
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