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FSA admits to supervisory failings
The Financial Services Authority (FSA) has made the following statement in response to the report of the Treasury Committee of the House of Commons entitled "The Run on the Rock".
Towergate heads north
Towergate has made further inroads into the Scottish market with the acquisition of McAra Associates.
Three heads become one at VP
Stuart Reid has been appointed sole CEO of Venture Preference with immediate effect. Paul Meehan and Chris Blackham, formerly joint CEOs are leaving the company.
Drawn out PWS buyout concluded
In a sharp turnaround, THB has completed the protracted acquisition of the Lloyd’s broking business of PWS International and certain overseas interests of the PWS group.
Manchester-based Reich Insurance Brokers acquires local broker
Reich Insurance has acquired WB Tidey & Co, the Manchester based Insurance Broker. The acquisition will bring the combined gross premium income of the Reich group of companies to £48m.
Andrew Paddick passes away
The Institute of Insurance Brokers (IIB) has announced the sudden death of Andrew Paddick, director general, earlier today.
Towergate adds to payment protection portfolio
Towergate has announced the acquisition of payment protection specialist, British Insurance.
IIB responds to Hunt Review
The Institute of Insurance Brokers (IIB) has responded to the review, being conducted by Lord Hunt, into the Financial Ombudsman Service (FOS).
eBay teams up with insurance comparison website
eBayMotors.co.uk, a UK online showroom, has partnered with the original insurance comparison website, www.insurancewide.com, in a unique deal to provide site visitors with a comprehensive choice of car insurance options.
Scottish broker's independence assured with MBO
The independence of one of Scotland’s largest independent insurance brokers, Central Insurance Services, has been secured following a management buy out (MBO) supported by the Royal Bank of Scotland.
Biba's call for tougher regulation rejected by Gocompare
Gocompare has hit back at Biba’s call for tougher regulation of comparison websites.
Biba hits out at aggregators again
The British Insurance Brokers’ Association (Biba) has called on the Financial Services Authority (FSA) to urgently review its Insurance Conduct of Business rules for electronic introductions, following independent research into price comparison websites.
Towergate rewards Trinity Hospice for innovation
Towergate has awarded a grant of £2,800 to Trinity Hospice, for a new project to raise money to fund its work caring for local people with terminal illness and their families.
New network guide published
Broker Network has sponsored industry consultant Tony Cornell to produce a guide to help independent insurance brokers make an informed choice when joining a network.
Erinaceous's Biggest Fee Earner Defects to Lockton
Lockton’s Real Estate and Construction division has appointed Simon Millar as director. He will be responsible for new business development and client relationship management.
CBG Group acquires niche broker
CBG Group, the Manchester based insurance broker, financial adviser and healthcare specialist, completed the acquisition of Barclay Brown Holdings, and it’s trading subsidiaries, on 18 January 2008.
THB Group establishes underwriting division
Specialist insurance broker THB has launched a new division outside its core broking operation. Unicorn Underwriting Limited has received Financial Sservices Authourity authorisation and will operate as a separate company to emphasise the Group’s highly…
Cassidy Davis in management reshuffle
Cassidy Davis, the specialist personal lines Lloyd’s insurer and part of the Jubilee Managing Agency, has announced a reorganisation of its senior management team to support further growth in its personal lines and life operations.
Moorhouse targets £100m GWP in two years
Independent Welsh broker Moorhouse has unveiled ambitious growth plans targeting £100m in gross written premiums via organic growth by 2010.
Upward premium trend continues, says AA
Premiums for both car and home insurance have once again risen, the latest findings from the benchmark AA British Insurance Premium Index show.
Drug profiling to target commercial motor market
A new service, designed specifically to cut commercial motor insurance premiums by providing alcohol and drugs profiling of drivers, has been launched by Trimega Laboratories.
Oval confirms FMW purchase
Oval has confirmed the acquisition of insurance broker and risk advisor FMW which follows the recent acquisition of Ipswich based cooksheppardpinhey marking a new Eastern regional foothold for the Oval group.
Axa appoints new non-executive directors at Venture Preference
Axa has appointed Sandy Dunn as non-executive chairman and Ian Brimecome as non-executive director of Venture Preference (VP), the general insurance broker business owned by Axa.
Oval acquires major niche broker
According to a senior market source broking consolidator the Oval group has acquired FMW Risk Services.