Broker
Whittington heads out from London
Lloyd’s-based managing general agent, Whittington Capital Management Syndicate 2525, has appointed Stephen Fitzgerald to develop business in the UK regions that is not currently accessed through the Lloyd’s broker channel.
Two senior players leave Gallagher Heath for rival Bluefin
Bluefin has snapped up two senior brokers from rival firm Gallagher Heath.
Towergate responds to Fitch rating warning
Towergate has declared its finances to be “rock solid” as credit rating agency Fitch downgraded its outlook from stable to negative.
Towergate warned on rating downgrade risk
Fitch Ratings has warned that Towergate Finance faces an issuer default rating (IDR) downgrade in the next two years unless the broker can deleverage further and increase its EBITDA.
New schemes dedicated event hits Manchester
Insurance Age is delighted to announce the launch of a brand new broker-only event dedicated to the schemes market.
AA warns homes may become uninsurable against flood risk
AA Insurance has called on the government to take “decisive action” before homes in flood-prone areas of the UK become uninsurable.
Biba signs up Groupama broker as latest member
Carole Nash, the Groupama-owned motorcycle and classic car broker, has joined the British Insurance Brokers’ Association (Biba).
Biba reveals keynote speakers and panelists for 2012 conference
The British Insurance Brokers’ Association (Biba) has revealed that the father of the internet and one of the UK’s leading political journalists will be the keynote speakers at this year’s Biba Conference.
Biba splits from RWA
The British Insurance Brokers’ Association (Biba) has split with RWA Group, one of its compliance partners.
New claims mediator launches to brokers
Expedite Resolution has launched a new service that it claims could bring a flexible and cost effective approach to claims settlement.
Lloyd’s broker bought by US group
London-based broker and underwriting company Chesterfield Group has been bought by US-company H.W. Kaufman Financial Group.
A&A Group in management buyout
Darwin Private Equity has entered into an agreement to acquire The A&A Group and Hyperformance Limited in a management buyout.
Insurance companies lagging behind in payments
UK firms improved their overall payment performances in the final quarter of 2011, but insurance companies did not follow this trend, figures from Experian have revealed.
Policy sales up at Brightside ahead of results release
Brightside has revealed a 30.7% increase in policy sales to 444,189 [2010: 339,916] ahead of announcing its full year results to 31 December 2011.
New London sales chief for Axa
Axa Commercial Lines has appointed Ryan Birbeck as its new London sales manager.
CCV starts 2012 with two acquisitions
CCV has bought Crown Insurance Brokers in Birmingham and Lyon Insurance Services in Anglesey.
Ex-Gallagher Heath MD joins Knowlden Titlow
Knowlden Titlow Insurance Brokers has appointed Rod Palmer, former managing director of Gallagher Heath’s Norwich branch, as broking director.
Powerplace chief executive out after only eight months
Powerplace, the Towergate online wholesale subsidiary, is to appoint its third chief executive in a year.
FSA issues warning about motor broker Aston Midshires
The Financial Services Authority (FSA) has warned customers of motor broker Aston Midshires Insurance to check that their insurance policies are valid.
Towergate reveals capacity deals with Brit and Allianz
Towergate Commercial Underwriting (TCU) has announced a five-year capacity deal with Allianz providing 70% and Brit the remaining 30%.
Quindell adds to insurance business with Ai Claims deal
Quindell Portfolio, a software outsourcing specialist, has acquired 29.9% of Ai Claims Solutions.
Welsh broker hires in growth push
The Thomas, Carroll Group has announced 11 new appointments as it gears up to expand its headquarters.
Travelers opens Lloyd's event cancellation policy to regions
Travelers is to provide access to its Lloyd’s event cancellation policy to regional brokers.
2011 insolvency rate up slightly on 2010
Experian’s Insolvency Index has revealed the insolvency rate for 2011 was 1.1%, a slight increase compared to the rate for 2010, 1.03%.