All articles by Ben Dyson – Page 46
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NewsMarsh-owned SMEi’s joint chief executives leave roles
Marsh-owned broker SMEi’s joint chief executives Jason Gandy and Roger Snowden have left their current roles. Gandy has left the business altogether, while Snowden will continue at the company in a consultancy role. Jonathan Webber and Lee Tetley have replaced them. Webber, formerly SMEi’s finance director, ...
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NewsGRP makes second retail broking investment
Peter Cullum-backed consolidator Global Risk Partners (GRP) has funded subsidiary Abbey Bond Lovis’s acquisition of Northern Ireland broker McGrady. GRP backed the management buyout of Abbey Bond Lovis in August 2015 and the company has since been plotting to expand in Northern Ireland. McGrady is GRP’s ...
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NewsAmanda Blanc succeeds John O’Roarke as IFB chair
The Insurance Fraud Bureau has appointed AXA UK and Ireland general insurance chief executive Amanda Blanc (pictured) as its new chair. She replaces outgoing LV= general insurance managing director John O’Roarke, who has stepped down as the bureau’s chairman after three years in the position. O’Roarke ...
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NewsAon broking unit reports 4% profit rise and 3% organic growth
Aon’s Risk Solutions division made an operating profit of $429m (£294.5m) in the first quarter of 2016, up 4% on the $412m it made in last year’s first quarter. The profit increase came despite a 1% drop in revenue at the division to $1.87bn (Q1 2015: ...
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NewsCharles Taylor launches insurance technology unit
Insurance services firm Charles Taylor has launched an insurance technology arm called Charles Taylor InsureTech. The new unit brings together more than 200 insurance technology staff to develop technology solutions for the global insurance market. The division will be headed by Jason Sahota as chief executive ...
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NewsCarole Nash opens new Dublin office
Motorbike broker Carole Nash has opened a new office in Dublin. 2015 World Superbikes champion Jonathan Rea was at the launch to meet local bikers. The company opened its first Irish office in 1999. Carole Nash’s Irish team has grown to 30 full-time employees from a ...
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NewsApprenticeship levy needs radical rethink – CBI head
Business lobby group The Confederation of British Industry (CBI) is urging the government to “radically rethink” its apprenticeship levy, the Financial Times reports. The paper said that CBI director general Carolyn Fairbairn (pictured) is expected to say in a speech in London today: “Firms want to ...
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NewsCullum consolidator GRP backs Lonmar MBO
Peter Cullum’s broking consolidator Global Risk Partners (GRP) has agreed to back the management buy-out (MBO) of Lloyd’s broker Lonmar Global Risks. The deal means GRP now manages gross written premium of more than £350m and Cullum, GRP’s chairman, says the company wants to grow this ...
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NewsBexhill launches peer-to-peer premium finance platform
Premium finance provider Bexhill UK has launched a peer-to-peer lending platform for premium finance called Orchard Lending Club. The platform matches people who want to lend money with brokers that require capital to offer their clients premium financing. Bexhill said that the new platform offers brokers ...
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NewsPIB opens Leeds office and hires three
Broking group PIB has opened a new office in Leeds as part of its expansion plans. Michael Eardley has joined the new Leeds branch as director of professional risks and head of the branch. He has specialised in professional indemnity (PI) insurance and risk management for ...
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NewsR&Q returns to full-year profit in 2015
Run-off buyer Randall & Quilter (R&Q) made a profit before tax of £2.8m in 2015 compared with a loss of £1.6m in 2014. An improved performance in the second half of 2015 helped the company cancel out the £4.5m loss it made at the half-year stage. ...
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NewsHenry Engelhardt and Peter Wood rise up Rich List
Outgoing Admiral chief executive Henry Engelhardt is the richest insurance executive in the UK, according to the latest edition of the Sunday Times Rich List. According to the list, Engelhardt and his family are worth £700m, up from £590m in 2015’s list. This has pushed them ...
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NewsUK General: Technology driving growth in schemes market
Technology is driving growth and change in the UK schemes market, according to the latest survey of scheme brokers by personal lines schemes underwriting agency UK General. The survey 314 broking firms, conducted in association with Insurance Times between 15 February and 27 March this year, ...
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NewsMan used fake policies to steal £200k-worth of hire cars
A Lancashire man has pleaded guilty after being caught stealing identities, setting up fake insurance policies and stealing hire cars with a collective value of more than £200,000. Naveed Shah, 37, of Blackburn Road, Great Harwood, Lancashire, pleaded guilty to two counts of conspiracy to make ...
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NewsPIB completes Fish and Cooke & Mason deals
PIB Insurance Brokers has completed its previously-announced acquisitions of commercial broker Cooke & Mason and specialist personal lines broker Fish Insurance. The deals, which were announced in February, have received regulatory approval. They are the first acquisitions PIB has made since private equity house Carlyle Group ...
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NewsCovéa’s Carol Geldard promoted to personal lines director
Covéa Insurance retail distribution director Carol Geldard (pictured) has been promoted to personal lines director. Geldard will take up the newly-created role on 1 June this year. In her new job Geldard will have executive responsibility for the UK insurer’s direct and brokered personal lines offering. ...
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NewsCullum's MVP takes stake in broker Kingsway
Peter Cullum-backed investment vehicle Minority Venture Partners (MVP) has bought a stake in commercial insurance broker Kingsway Insurance Services. The size of the stake was not disclosed but MVP typically buys minority holdings in brokers of between 20% and 30%. Kingsway plans to use the new ...
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FeaturesAnalysis: Staying relevant is key issue for Broker 50
Insurers want brokers to demonstrate the value they add, and creating innovative new products is one way for brokers to stay relevant – if insurers will back them
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NewsMarkerstudy’s Russell Bence joins Brightside
Markerstudy retail managing director Russell Bence, whose departure was announced yesterday, is to join broking group Brightside as managing director of volume lines. Bence will start his new role in May. Brightside executive chairman Mark Cliff said: “I was looking for an MD with broking in ...
