News

Aults sets off on acquisition trail

West Bromwich-based broker Aults is expected to announce its first acquisition by the end of the year as part of a six month development programme.

Cox acquires 20-branch Bennetts

Cox Insurance has acquired personal lines specialist Bennetts Insurance for £4.475m (including the assumption of £2.8m debt). The broker has 20 branches with a head office in Worcester and branches across the South of England.

Broker signs two year deal with CII

Liverpool-based broker Griffiths & Armour has signed a two-year deal with the Chartered Insurance Institute for the supply of 160 exams and related study material.The focus will be on the CII’s new Advanced Diploma in Insurance, although the arrangement…

Regional brokers set to benefit from new Catlin start-up

Catlin Insurance, the Bermuda insurance underwriting subsidiary of Catlin Group, has applied to the UK Financial Services Authority for approval to establish a UK branch Office. The subsidiary will be managed by Andreas Loucaides, chief executive, and…

Hanover Park parent to float

Commercial broker Hanover Park's parent company Erinaceous Group plans to raise approximately £10m through a placing of ordinary shares and is seeking admission to trading on the Alternative Investment Market of the London Stock Exchange.

Shake-up at Heath Lambert sees Margrett walk

David Margrett, chief executive of broker Heath Lambert, has stepped down from active involvement in the management of the broker, with Ian Martin assuming the role of executive chairman for the group with immediate effect. The moves are part of a future…

Keating takes on Axa personal lines role

Axa has appointed Mike Keating as personal lines intermediary director to replace Kevin Sinclair who has recently been appointed as marketing and underwriting director. Mr Keating will take up his new role on 1 December.

GISC and IIB brokers given due credit by FSA

The Financial Services Authority (FSA) has finally decided that members in good standing of the General Insurance Standards Council and the Institute of Insurance Broker Registration Council will receive due credit in the FSA authorisation process.

TBS sets up second-tier network

The start-up network Total Broker Solutions, headed up by chief executive Mike Williams, has moved to set up a sister operation, Community Broker Services, targeted at smaller brokers in need of compliance and IT support and access to markets.

Folgate appoints Networks head

The Folgate Partnership has appointed Simon Trott to oversee the integrationof Folgate's various networks offerings, including Folgate Masterplan,Folgate's Compliance Service and the set up of the Folgate AppointedRepresentative Network.

Broker Network strengthens Scottish operation

The Broker Network has appointed Gillian Benson as business developmentmanager for Broker Network Scotland. Working for the dedicated ScottishNetwork Ms Benson is said to bring a wealth of experience to her new role.

Eric Galbraith takes top job at Biba.

Eric Galbraith, formerly managing director of Hill House Hammond, has taken over as chief executive of the British Insurance Brokers' Association, a role that was recently vacated by Mike Williams.

Appointment at MMA

MMA has made a string of appointments. Paul Cousans has joined its business development team as busi...

Appointment at Marsh

Roger Egan has become president of Marsh Inc, the risk and insurance services subsidiary of Marsh & ...

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