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Five new members for Countrywide

The Countrywide network has added five new members in the last five weeks as a result of newly launched facilities, particularly across commercial lines.

Two Welsh Institutions Join Forces

Two of Wales’ leading financial sector institutions have joined forces to provide commercial property investors with a flexible insurance service to rival those found in the City of London.

Broker Network sells up to Towergate

The Broker Network has announced that it is to accept an offer from Towergate for the entire shareholding of the company. The offer, for 605 pence per share, values the company at approximately £95m.

Oval acquires again

Broker Oval has acquired its second stand-alone IFA business, with Leicester based financial advisory firm Ward Mitchell Partnership.

Equity acquires Lincs broker

Representing its 15th regional purchase so far this year, Equity Insurance Group has acquired Cleethorpes broker, Martin Anderson Insurance Consultants.

Venture Preference boosts GWP by £25m

Venture Preference (VP) has acquired two brokers through its Smart & Cook business and one via its Stuart Alexander business boosting the broker’s gross written premium (GWP) by £25m.

Fortis reports 12% GWP growth in first nine months

Fortis Insurance UK has reported a 12% increase in gross written premium £581.5m for first nine months 2007. The insurer said in a statement its growth has been driven by 20% year on year increase in GWP for private car and a 9% year on year increase in…

Oval announces Allianz investment

Allianz Insurance has acquired a minority 10% equity share of broker, The Oval Group. The purchase will boost Oval’s ability to complete more of the growing number of acquisitions in their pipeline and allow some existing shareholders to take minor…

Jelf launches network partnership

Corporate consultancy Jelf Group has launched a collaboration between the Group and network professional, Bob Parkins - called ‘The Purple Partnership Ltd’.

James Hallam acquires London-based broker

James Hallam has acquired First Light Insurance Brokers. First Light are based in Docklands and employ a staff of 10 people focusing on business in the small to medium-sized enterprise (SME) sector.

Overheard

Invitations have been coming in thick and fast to the PB team. Last month we managed to blow a fortu...

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