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CCV buys stake in construction specialist
Cullum Capital Ventures (CCV) has announced the purchase of a significant investment stake into specialist construction broker Morgan Law.
Rates stabilising according to Brit boss
Brit has reported that gross premiums written by the group in respect of ongoing business for the 9 months to 30 September 2007 totalled £1.02bn (30 September 2006: £978.3m), an increase of 4.3%. Premium growth, when adjusted for exchange rate movements…
Willis Index tracks professional risks trends
Premiums across all financial, executive and professional lines of insurance are decreasing to the levels seen in 1999 and 2000 – the low point of the last soft market, according to a survey of London market insurers by Willis Group.
R K Harrison acquires International Risk Consultants
R K Harrison Holdings (RKHH), the parent company of R K Harrison Insurance Brokers (RKHIB), has acquired Indemnity & Risk Management, the parent company of International Risk Consultants (Europe) (IRC Europe).
Biba concerned with FSCS funding changes
The British Insurance Brokers’ Association (Biba) has expressed concern that its members may be forced to help compensate the customers of Northern Rock, were the bank allowed to default, under new funding arrangements for the Financial Services…
Swinton set aside £100m for its acquisition team
Swinton has set aside a £100m for its acquisition team, headed by Hazel Walker, to fast track purchases and help brokers benefit from the current rules.
Axa acquires broker marketing agency
Axa UK has announced its acquisition of marketing agency, Ignition NBS.
IIB slams Law Commission consultation
In its response to the Law Commission, the Institute of Insurance Brokers (IIB) stated that it does not believe any amendments to insurance law should attempt to confer different rights to private and business policyholders (or any combination of the two…
NU expand its property team into the regions
Norwich Union (NU) has expanded its property team by providing the largest number of regional consultants.
iprism in second network tie-up deal
Online small to medium-sized enterprise comparative quote facility iprism has signed its second broker network 1 Answer Network two weeks after announcing its first network tie-up with UKGI.
Ace appoint UK distribution director
Ace UK has announced the appointment of Patrick Drinan as UK and Ireland national distribution director.
Groupama kicks off graduate campaign for 2008
Following its inaugural graduate in-take in 2007, Groupama Insurances has launched its 2008 Graduate Recruitment Programme.
NU bolsters property team
Norwich Union (NU) has expanded its property team by providing what it claims is the largest number of regional consultants.
Oval acquires again
Broker Oval has acquired its second stand-alone IFA business, with Leicester based financial advisory firm Ward Mitchell Partnership.
FSA close down Manchester broker - directors banned
A Manchester insurance broker has been closed by the Financial Services Authority (FSA) after investigations revealed that the firm was selling insurance without underwriting in place, leaving clients uninsured.
Biba pushes for fast-track changes to electronic motor certificates
The British Insurance Brokers’ Association (Biba) has welcomed the Department for Transport’s (DfT) announcement that motor insurance certificates will now be permitted to be delivered electronically as it is a win-win situation for customers and the…
Firms to feel the squeeze in 2008
Escalating economic worries, higher prices and tighter spending will combine to make 2008 a much tougher year in the Insurance Brokers market, according to business analysts Plimsoll Publishing.
ProAktive take equity interest in TIB Insurance Brokers
Yorkshire-based ProAktive Risk Group has agreed a deal to take an equity interest in TIB Insurance Brokers.
Allianz announce 2007 Third Quarter Results
Allianz Insurance has revealed a £63m drop in its profit before tax in the first nine months of 2007 compared with the prior year reporting period.
Citybond buys Aon UK’s wholesale travel insurance book
Citybond Suretravel, a division of Citybond Holdings, has acquired Aon's wholesale travel insurance book of business.
Jelf Group launches combined healthcare business
Jelf Group has integrated Jelf Corporate Healthcare, SPS Wellbeing and Healthwise into one trading business, Jelf Wellbeing.
Poultry farmers could lose £30m if avian flu spreads
UK poultry farmers could lose as much as £30m if the latest outbreak of avian flu spreads throughout the UK, according to insurance broker and risk management consultant Aon.
Renters are risking £50bn worth of belongings
Over two million British renters are putting an average of £23,195 worth of possessions at risk because they fail to take out home contents insurance, according to new research.
Primary General chairman Jonathan Davey quits
In a statement posted on its website Primary General said: "The Board of PBS Holdings Limited and Jonathan Davey wish to jointly announce that with immediate effect Jonathan has stepped down from the board and those of its subsidiary companies."