News
Budget Group of Companies changes name
The Budget Group of Companies has changed its name to the BGL Group. The broker stated that the name change aimed to reflect the increased breadth and diversity of the company, within its six trading divisions: Budget & Dial, Junction, comparethemarket…
Equity acquires Coventry broker's book
Equity has acquired the general insurance book of Coventry broker, R & C Insurance Consultants.
Real Insurance Brokers acquire GIS Insurance Consultants
The Mansfield based broker, Real Insurance, announced its acquisition of local broker, GIS Insurance Consultants.
Markerstudy gain Group Optima
Markerstudy Group has purchased Birmingham based intermediary Group Optima (which includes Cabs 2000 and Cassidy Insurance Services. Following hot on the heels of the Insurance Factory, this is its sixth successive acquisition to date.
Highway acquires over 30,000 motor insurance policies
The Board of Highway Insurance Holdings has announced that its broking subsidiary, Hero Insurance Services has agreed to buy 32,000 private car policies from Local Broker, an insurance intermediary brand that is part of the Budget Group of companies for…
Marsh focuses on SME sector with new recruit
Marsh has appointed Chris Wallace as head of its commercial client practice in the UK, aimed at growing its share of the UK's SME market.
Prime Professions launches Solicitors’ deal
Prime Professions, the specialist professional indemnity insurance (PII) broker has teamed up with a Law Society approved insurer to bring to market a deal for Sole Practitioners.
Towergate claims victory in court battle with Beckett
Towergate has come to a financial agreement with Bob Beckett and his co-defendants to resolve the dispute over the breaching of restrictive covenants by Mr Beckett and former Towergate employees who joined him at Insurance Risk Solutions in Bury St…
First brokers attain CII chartered status
Insurance brokers Stuart Alexander, Layton Blackham and Smart & Cook have all successfully achieved CII Corporate Chartered status for their individual firms.
Glasgow predicts more insurers will make a move
Glasgow’s International Financial Services District has predicted that more foreign insurance giants will shortlist Glasgow as an option for expansion after Mercer’s recent Cost of Living survey highlighted the low cost of living for expats in Glasgow –…
Axa welcomes FSA regulation of travel insurance
Axa has welcomed the Treasury announcement that the Government intends to give the Financial Services Authority (FSA) the responsibility for regulating the selling of travel insurance sold along with a holiday.
AMG opens new Midlands office
AMG has opened a new state-of-the-art regional office in the Midlands to accommodate its expansion in the area.
Appointment at NIG
NIG has appointed Steve Mayne to the position of distribution implementation manager. ...
Williamson Moore snapped up by Oval
Oval has continued its planned acquisitional strategy with the purchase of South East-based broker W...
Floods take toll on Sheffield
The damage from the Yorkshire floods is likely to run into hundreds of millions of pounds in clear-u...
Appointment at Chubb Insurance
Chubb Insurance has appointed David Woolard as regional manager of Chubb Specialty Insurance for UK ...
Appointment at AMG
AMG has appointed Toby Knight as regional manager/associate director (London, south and east). Knigh...
Appointment at Markel International
Markel International has promoted two members of its delegated authority property team. Michael Jame...
Brown announces Cabinet
Gordon Brown has announced his new Cabinet. Alistair Darling will become chancellor with David Milib...
Saga and AA announce intention to merge
The UK personal lines market could be dramatically transformed following the announcement by over-50...
Castries "panic" comment shrugged off by insurers
Andrew Tjaardstra Axa group chairman and chief executive Henri de Castries has suggested that insur...
Smart and Cook acquires BA Insurance
As Professional Broking went to press, Axa-owned Smart and Cook was about to finalise the acquisitio...
Appointment at Allianz Personal
Jason Bashford has joined Allianz Personal as a key account developer, bringing with him 20 years' e...
Angel starts D&O portal
Angel Underwriting has launched a Quick Quote system and broker portal at www.angelunderwriting.com,...