Broker
Price Forbes launches new accident and health division
Division to be led by Richard O'Brien and other former Willis staff.
Moody’s downgrades Towergate
Ratings agency warns of possible further downgrades.
Competitors react to Broker Network's £55m value reduction
Troubled Towergate's network division has faced challenges for years.
Towergate and the liquidity issue
Financial commentator said banks may determine broker's future.
Martinez & Partners targets £120m in GWP in 2015
Company expects GWP to be around £85m for 2014.
Towergate sold Folgate for £1.9m
Troubled Towergate sold Folgate for £1.9m in August to APC.
Marsh takes three from Willis in Scotland push
Broker adds four people to its Edinburgh and Aberdeen offices.
Fitch downgrades Towergate
Ratings agency also keeping a negative watch on the company.
Troubled consolidator tight lipped over bidders
Hunt for new CEO suspended.
Towergate plays down cashflow fears
Troubled consolidator holding talks with bankers.
Marsh tipped as front runner for Towergate takeover talks
Mounting speculation in broker market as to who could buy the troubled consolidator.
Towergate up for grabs
Could the broker be split into bits?
Towergate’s net borrowings hit £977.5m
Bondholder report shows a total loss of £85.9m for the third quarter of the year.
Towergate broker division reports 18% fall in operating earnings
Broker Network’s earnings also dropped, by 4% according to Q3 results.
Towergate admits to operational cash flow "uncertainties"
Bondholder report shows net cash outflow of £59m before financing.
Towergate losses increase as income falls
Consolidator confirms takeover "approaches".
Towergate confirms takeover bid approaches
Consolidator appoints Evercore and Rothschild as joint advisers.
Howden buys Liverpool-based Powell Bateson
Firm specialises in construction and property business.
Hamilton and Sportscover confirm takeover deal
Insurer to take over Sportscover’s managing agent and Lloyd’s broker.
Brokerbility to expand in Scotland
The network plans to double its business in the country by January 2015.
Aon votes through $5bn share buyback programme
New powers in addition to ongoing $1.1bn programme.
FCA review prompts firms to commit to improving complaints handling
Regulator identifies areas requiring further improvement.
TEn Insurance now owned by employees
Firm says completing the move to employee-ownership trust will benefit all staff.
Hiscox teams with broker on cycle product
Butterworth Spengler works with insurer to develop cycle insurance product.