News
Cliff to leave Ageas for Brightside
Ageas Retail CEO to become executive chairman of the broker next year.
Martinez & Partners targets £120m in GWP in 2015
Company expects GWP to be around £85m for 2014.
Towergate sold Folgate for £1.9m
Troubled Towergate sold Folgate for £1.9m in August to APC.
Marsh takes three from Willis in Scotland push
Broker adds four people to its Edinburgh and Aberdeen offices.
Fitch downgrades Towergate
Ratings agency also keeping a negative watch on the company.
Troubled consolidator tight lipped over bidders
Hunt for new CEO suspended.
Towergate plays down cashflow fears
Troubled consolidator holding talks with bankers.
Marsh tipped as front runner for Towergate takeover talks
Mounting speculation in broker market as to who could buy the troubled consolidator.
Towergate up for grabs
Could the broker be split into bits?
Towergate’s net borrowings hit £977.5m
Bondholder report shows a total loss of £85.9m for the third quarter of the year.
Towergate broker division reports 18% fall in operating earnings
Broker Network’s earnings also dropped, by 4% according to Q3 results.
Amlin UK’s GWP drops 4.5%
Group’s premium figure rises 4.2%.
Towergate admits to operational cash flow "uncertainties"
Bondholder report shows net cash outflow of £59m before financing.
Towergate losses increase as income falls
Consolidator confirms takeover "approaches".
Towergate confirms takeover bid approaches
Consolidator appoints Evercore and Rothschild as joint advisers.
RSA appoints Paton as claims director
The move to RSA means the ex-Zurich claims officer will be reunited with Steve Lewis.
Howden buys Liverpool-based Powell Bateson
Firm specialises in construction and property business.
Huw Evans to replace Otto Thoresen as ABI leader
New director general will take up post in February 2015.
Hamilton and Sportscover confirm takeover deal
Insurer to take over Sportscover’s managing agent and Lloyd’s broker.
Taylor joins Atrium
New recruit to work on property book.
Brokerbility to expand in Scotland
The network plans to double its business in the country by January 2015.
Aon votes through $5bn share buyback programme
New powers in addition to ongoing $1.1bn programme.
FCA review prompts firms to commit to improving complaints handling
Regulator identifies areas requiring further improvement.
Markel launches emerging risks products
The two products include cover for cyber risks.