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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.
FSA issues fine for PPI mis-selling
The Financial Services Authority (FSA) has fined HFC Bank nearly £1.1m for failing to take reasonable care to ensure that the advice it gave customers to buy payment protection insurance (PPI) was suitable, and for failing to have adequate systems and…
RSA rolls out trading vision
Following the successful launch of specialist trading units for Property Investors, and within Construction, Power and Engineering, Royal and Sun Alliance (RSA) has created four new trading units focused on the retail, leisure, manufacturing and public…
Towergate acquire online insurance agency
Towergate Partnership has acquired Insurance 4 Car Hire Agents (I4CH), an internet-based insurance agency providing specialist insurance products for the car rental market. I4CH will form part of Towergate’s Retail Division headed by Amanda Blanc.
Biba calls for better flood defences in 2008 Manifesto
The British Insurance Brokers’ Association (Biba) has published its first-ever Manifesto, highlighting its key campaigning issues for the next 12 months.
Tokio Marine welcomed as Biba associate member
The British Insurance Brokers’ Association (Biba) has announced that Tokio Marine Europe Insurance has joined the organisation as an associate member.
Ecclesiastical signs up for climate change partnership
Gloucester-based Ecclesiastical has become the first insurance company to make a financial commitment to one of the UK’s 10 regional Climate Change Impact Partnerships, bodies set up to advise the public and private sector about how to adapt to the…
THB pulls out of PWS acquisition deal
THB Group has announced that it has terminated discussions with the board of PWS Holdings for the acquisition of the Lloyd’s broking business of PWS International and overseas interests of the PWS group.
CII membership sees best growth for 70 years
The CII group has announced its best year for membership growth since 1935. In 2007, CII membership grew to just under 92,000 members representing a 7.2% increase on 2006.
Drakefield launches new travel insurance aggregator site
Travel Insurance giant Drakefield Insurance Services has launched a new aggregator site, whichpolicy.co.uk, backed by a two-week TV campaign.
Central Insurance Launches Risk Management Newsletter
Scottish insurance broker, Central Insurance Services, has launched a newsletter which is targeted at clients and other groups, including risk management specialists, company managers and professional bodies.
NU’s latest initiative sees 110 brokers sign up to ‘110’
Launched in November 2007, 110 brokers have already agreed to join Norwich Union’s (NU) exclusive club - called ‘110’ - which is by invitation only for brokers with an account of between £800,000 and £5m with NU.
R K Harrison creates new construction division
R K Harrison has welcomed Mark Playle to work alongside Darren Marshall as joint principals of R K Harrison’s new construction division.
Manchester broker hits consolidation trail
Manchester-based Bridge Insurance Brokers has acquired fellow independent North West broker Chartwell Insurance Brokers.
Markel open to trade all new claims electronically
Markel International has confirmed that it is now ready to accept any new claim that is in-scope through the electronic claims file (ECF) system.
Axa finance director to leave for Groupama
Groupama Insurances has announced the appointment of Laurent Matras as managing director.