News review: July 2010

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A review of July's industry news.

A senior Aon broker admitted to dumping a laptop in a pond to cover up his involvement in a major tender that allegedly breached the terms of his gardening leave. Euan Nicolson, who is now head of upstream and offshore construction at Aon, was told he could face imprisonment at a pre-trial hearing on 20 July at the Commercial Court in London. He is set to face a full hearing any time from 4 October, where he will be accused of breaking the terms of a court order issued by Marsh. Marsh declined

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JMG in quadruple deal swoop

JMG has snapped up four brokers, adding additional expertise in high-net-worth, commercial, motor trade, technical and specialist consultancy services to the Yorkshire-headquartered group, Insurance Age can reveal.

FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

Konsileo seals £8m fundraise

Top 100 insurance broker Konsileo has completed an £8m fundraise to accelerate its expansion across the UK, Insurance Age can reveal.

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