News
CII Group to make record investment
The Chartered Insurance Iinstitute (CII) Group is to invest heavily in building a robust professional framework for its 90,000 members this year after reporting record revenues for 2006.
Equity acquires Surrey broker
Equity Insurance Group has acquired its 17th regional purchase since July 2006 - Chertsey broker, Tuley Hall & Co.
Cullum swoops again
Cullum Capital Ventures (CCV) has announced its latest acquisition, with Worthing–based Crawford Davis joining the group.
Countrywide membership exceeds 700
Countrywide has gained six new members in the last two months bringing the total membership to over 700.
Oval makes first expansion into the North West
Oval has acquired Warrington based Creamer Group. This is Oval’s first move into the North West and the seventh acquisition in as many months for the fast growing company.
UK brokers waste millions every year according to survey
The British insurance brokers industry is wasting £2.3bn worth of profit every year, according to a new study by business analysts Plimsoll Publishing.
Affinity Solutions Strengthens Team to Support Growth
Affinity partnership consultancy, Affinity Solutions, has appointed founder and former managing director, Bob Hand as chairman. Neil Batley, formerly commercial director of the consultancy, will take up the role of managing director.
NG acquires Peter Adams Insurance Brokers
Broker Network Members NG Insurance Services Ltd (“NG”) and Peter Adams Insurance Brokers Ltd (“PAIB”) have joined forces, following the acquisition of PAIB by NG.
uSwitch highlight the rise of invalid insurance
More than 2.5 million motorists in the UK could find themselves with an invalid insurance policy by providing inaccurate information during the application process.
THB profits rise on 31% growth
THB Group, the UK-based specialist insurance broking and risk management group, has announced a growth in profit and turnover for the financial year ended 30 April 2007.
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...