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Dual International reveals 21% hike in revenues
Dual International, the underwriting division of the Hyperion Insurance Group, has reported an increase in revenues of 21% for the year ending September 2008, bringing total reported revenues to £19m. Profit before tax rose to £6.8m.
Brokerbility member makes acquisition
Alan & Thomas Insurance Brokers have acquired the goodwill and assets of Dorset-based Douglas King Insurance Services.
JLT lands BAA contract
Jardine Lloyd Thompson (JLT) has been appointed by BAA Airports on their new construction facility, wrapping up all the construction activities at their UK airports (excluding Gatwick) for a minimum period of five years.
Fortis wraps up deal with BNP Paribas
The transaction between Fortis Holding, the Belgian State and BNP Paribas has completed.
Heath Lambert restructures for aggressive retail push
Heath Lambert said its rapid growth plans would be boosted by the announcement the broker and adviser is strengthening its retail operations.
Barclays cuts price of home contents cover by half
Barclays has announced half price home contents cover for the first year. The offer will be available to anyone taking out home insurance with Barclays for the first time until 31 August 2009.
Heath Lambert boosts Manchester team with former Bluefin staff
Heath Lambert has hired two former Bluefin directors to strengthen its expansion plans in the north west and nationally.
CII General Insurance Task Force up and running
The Chartered Insurance Institute (CII) has set up a task force of senior general insurance practitioners to drive higher levels of professionalism within the industry as part of its campaign to raise professional standards.
Brokers must meet challenge of banks and direct market says Defaqto
Defaqto's first Insight Report into the SME (small and medium-sized) commercial insurance market warns brokers that they need to meet the challenge of banks and direct insurers.
Charles Taylor Consulting snaps up Axiom Holdings
Charles Taylor Consulting (CTC) has acquired Axiom Holdings, an independent insurance and reinsurance support specialist for up to £7.85 million.
Research shows consumers reducing cover in recession
Research by the British Insurance Brokers Association (Biba) has revealed that brokers have seen both commercial and personal lines customers reduce their levels of cover in the economic downturn.
New broking venture spins out of Towergate
John McLaren-Stewart, the founder of Alliance Corporate Risk Management, has set up BrightStar Risk Solutions, following a period at Towergate.
Helphire disposes of jewellery claims companies
The Loss Management Group (LMG) has acquired Guild Claims Service and The Guild of Valuers and Jewellers from Helphire Group.
Amlin nabs Zurich property team
Amlin has expanded its UK property team with the arrival of a team of five underwriters from Zurich.
Junction renews Post Office deal
Junction has entered into a five-year contract with Post Office Financial Services to provide home and motor insurance.
DAS expands City underwriting team
DAS Legal Expenses Insurance has announced the expansion and relocation of its London office to accommodate a dedicated City underwriting team.
IGI creates broker role
IGI Group has created and filled a new senior position as a result of an ongoing strategic review of its operations.
Insurance must adapt to changing migrant demographic
More insurance and other financial policies that apply across Europe's national boundaries must be developed over the next five decades, as large migrant groups join the over fifties as a major market for insurance and other financial services products,…
Insurance Age weekly news update
This week, Jessica Pothering reviews the lead broking news headlines: Fortis Insurance reports a strong market position; Biba negotiates a special FSA fee payment scheme for members; Zurich releases its financial results; and ex-Allianz commercial…
Heath appoints Birmingham head
Heath Lambert has recruited Mark Williams to run its recently opened Birmingham-based commercial business.
Comparethemarket adds to home insurance panel
Comparethemarket.com has announced the addition of seven new brands to its home insurance price comparison service.
Broker Direct makes fourth acquisition
Broker Direct has completed the acquisition of Scunthorpe-based Barry Fenton Insurance Brokers.
Property rates to remain stagnant
Property rates could remain stagnant or even decrease in Q2 according to Aon despite recent positivity about rate increases.
Bluefin makes further inroads in Cumbria
Bluefin Insurance Services has acquired the general insurance business of Lakeland Insurance Advisers.