Latest News – Page 808
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Stackhouse Poland powers past £100m GWP with latest broker buy
Private equity-backed Stackhouse Poland flexes muscles with high net worth buy
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Commercial insurers lagging behind personal lines on sales calls
Personal lines insurers outperforming commercial lines insurers in call centre performance
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Marsh parent’s Q1 broking profit rises 8% despite revenue dip
Division reports organic growth of 3%, which is offset by foreign currency movements
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AXA launches new household product for high value homes and contents
AXA Advanced created to plug gap in insurer’s offering to meet needs of brokers’ more affluent clients
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Moneysupermarket insurance revenue rises 12% in first quarter
Boost driven by ‘improvements to customer journey’
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Lancashire shareholders baulk at former chief’s retirement package
Nearly 30% of shareholders voted against the insurer’s remuneration report at AGM
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Saga motor unit reports 77.9% COR and 37% profit growth
Company seeing ‘strong demand’ from insurers to join its motor panel
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Agenda
The Knowledge: Supply chains face geopolitical risk
Supply chains are increasingly vulnerable to geopolitical risk, warns the World Economic Forum
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ABI vows to crack down on CMCs and cut flood risk
Association unveils its top insurance priorities for the next parliamentary session
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North of England insurance job vacancies up by one-third
Shortages are most acute in mid-level posts, says recruitment consultancy
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The Market Digest: 29 April 2015
See our round-up of the biggest stories from around the UK, as well as the big numbers making headlines in the insurance industry
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DWF merges with niche law practice Watmores
Tie-up will boost leading legal firm’s practice to nearly 1,000
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Pool Re appoints Maurice Tulloch as non-exec director
Tulloch is also a member of the ABI Board and chair of the General Insurance Council
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Improvement program restructuring costs Willis $31m in Q1 2015
The broker says it has also generated savings of $10m as a result of operational improvement program
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CMA formally clears Xchanging’s Agencyport acquisition
Xchanging chief executive Ken Lever says acquisition will broaden existing insurance software business Xuber
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RSA rolls out pop-up trading sites to get closer to brokers
Insurer has a seen an uptick in the amount of commercial business it has written from pop-up events
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Willis GB underlying revenue up as broker suffers decline in Retail Networks
Group profits in Q1 2015 hit by foreign currency movements and net increase from completed acquisitions and disposals
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Horizon launches high net worth travel cover
Underwriting agency has secured capacity from Tokio Marine Kiln
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Bollington underwriting and product head Bob Gratton to retire
Paul Hughes to head wholesale distribution and Simon Rhoades to join as commercial schemes manager