Broker News – Page 195
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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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NewsWillis GB suffers drop in nine-month profit and revenue
Broking group says GB division’s turnaround efforts are on track
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NewsGallagher warns of tough UK retail market as profit rises 10%
Broker reports 64% rise in acquisition expenses and nets $22.3m gain from lawsuit settlement
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NewsMMC nine-month broking profit rises 1.3% despite revenue drop
Revenue fell 2% as strong dollar triggered foreign exchange losses
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Online onlyCunningham Lindsey promotes new southern broker development head
Steve Gargano has been at the loss adjustor for nearly 7 years
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Online onlyGallagher hires former Hyperion CIO to lead new technical board
David Jack previously spent two years at Hyperion Insurance Group
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Online onlyBrokerbility Academy welcomes new wave of apprentices
The network launched the academy in May 2014
