Broker News – Page 189
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NewsSaffron reports sixfold rise in profits
Growth reflects increase in income and a managed reduction in overheads following a review in 2013
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NewsFCA rebuffs criticism about cost of regulation
FCA confirms that proposed 8.5% fee increase on brokers and insurers will take effect
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NewsSaga gets FCA approval for Bennetts purchase
Company says it is on track to launch motor insurer panel in the summer
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NewsPersonal injury makes up half of insurers' claims costs
By contrast in Germany Allianz estimates that just 4% of claims costs are the result of personal injury
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NewsAirmic 2015: Insurance Act will mean more work for everyone
Willis Group deputy chief exec Steve Hearn stressed the act would create greater clarity around buying insurance
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NewsAirmic 2015: Broker payments from insurers and clients creates conflict - BP head of insurance risk
But Lloyd’s chief exec Inga Beale stressed source of payments still came from clients
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Online onlyAXA launches data enrichment checks for commercial vehicle book
The insurer has added the checks as part of its long term data enrichment programme
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NewsToby Esser leaves Cooper Gay Swett & Crawford
Chief executive has been with the company for more than 30 years
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NewsAon appoints new MD to UK global risk consulting arm
Grant Foster will replace David Crofts as managing director of the Aon Global Risk Consulting (AGRC UK) team in the UK
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NewsEx-FCA supervision head Clive Adamson joins JP Morgan board
Adamson left FCA in December following a life insurance gaffe that caused shares in big insurance firms to plummet
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Online onlyApprenticeships growing in popularity - CII
CII relationship manager told delegates at Apprenticeships LIVE in Birmingham that SMEs in particular are becoming more open to the idea of taking on an apprentice
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NewsBroker H&H Insurance makes senior hire from Aon
Alan Green has joined the Carlisle-based broker as senior commercial executive for the North East
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NewsLMA, IUA publish guide to new Insurance Act
Guidance on new burdens on business clients and consumer rights
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NewsTouchstone Underwriting hires Marsh head of placement
Mike Patson will join as divisional director of liability and construction on 15 June
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ArchiveOsborne pledges London will lead world in insurance, reinsurance
Outlines five year plan to bolster financial services
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NewsTowergate makes internal promotion to support broking division growth
As business development director Carolyn Callan will help to develop growth strategy
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NewsInternet of Things offers huge opportunity for insurers - AIG
Looming revolution opens up new risk exposures
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NewsUp to 60 jobs to go at Insurethebox
Job losses will affect IT staff and employees in the service team based mainly in Newcastle office
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NewsNew broker client money rules could hit in early July
FCA has started requesting client money information from brokers
