News
Towergate bondholder report reveals increasing losses along with acquisition costs
Towergate’s first quarter bondholder report has revealed that losses on ordinary activities worsened to £18.6m in the first three months of 2013 from £14.7m at the start of 2012.
Towergate sees first quarter profits fall
Towergate has reported a 2% drop in operating earnings to £33.8m for the first quarter of 2013, from £34.6m in the first three months of 2012.
Former Towergate executive joins Ashgrove Insurance
One of the original founders of Towergate, Tony Proverbs, will join the board of Lancashire-based Ashgrove Insurance and holding company Northern Keep.
Romero confirms North East expansion with new branch
Romero Insurance Brokers has opened an office in Stockton, its fourth in total.
Premium Credit makes retail broker business promotion
Premium Credit has promoted Alan Atkins to the newly-created role of head of its retail broker business.
TEn achieves chartered status
TEn Insurance has been awarded chartered status by the Chartered Insurance Institute.
Arista launches commercial home builders scheme with Kent broker
Arista Insurance has launched a national scheme for commercial home builders with Maidstone-based MPW insurance brokers.
UK motor premiums to fall again in 2013, says Deloitte
UK motor insurance premiums are likely to fall further over the next 12 months, Deloitte has warned.
Hastings Insurance planning stake sale
Hastings Insurance Group is considering selling a minority stake in the business, according to reports.
Towergate swoops for former BGL man
Towergate Insurance has unveiled former BGL and Capita man Derek Henry as group carrier relationship director.
Aspen hires Manchester chief
Aspen Risk Management has appointed Paul Lee as general manager for its business in the North of England.
Brunel grows broker PI division
Brunel Professional Risks has expanded its wholesale professional indemnity insurance (PI) broking arm with an internal promotion and a new recruit.
Allianz's Torrance "content" with Q1 results as liability remains a concern
Allianz’s UK chief executive has praised the insurer’s "encouraging" first quarter results.
Equity slashes 200 jobs in broker-only switch
Equity Insurance confirmed that 200 jobs will be lost as it pulls back from the personal accident markets in order to refocus on specialist motor classes.
Ex-Groupama chief joins Premier Choice
Claire Ginnelly has joined Premier Choice Group (PCG), as head of private medical insurance (PMI) business development.
Marsh focuses on D&O cover
Marsh has launched Marsh Delta D&O with eight insurers to offer clients a choice of directors and officers (D&O) insurance products.
Allianz reports improved GWP, profit and COR for Q1
Allianz Insurance has reported gross written premium (GWP) of £506.6m for Q1 2013.
Majority of brokers believe FCA is merely a rebrand
Three quarters of brokers believe the change to the Financial Conduct Authority (FCA) has been merely a "re-branding exercise", a survey has found.
Over 100 jobs at risk at Equity, claims report
The Financial Times has reported that the buyers of Equity Insurance are getting ready to “wind down or dispose” of large parts of the business, putting over 100 jobs at risk.
Gallagher Heath restructures with three divisions
AJ Gallagher has set up three new divisions within Gallagher Heath Insurance Services (GHIS) to better reflect its direct, intermediary and partnerships distribution channels, sister title Postonline has revealed.
Bluefin misses out on Fusion duo
Bluefin CEO Stuart Reid has admitted that the broker's attempt to recruit Fusion Insurance directors Nick Wright and Stewart Gardiner has proved unsuccessful.
Professionalism through the eyes of a client
Anthony Stewart, client of Home & Legacy, has summed up his experience of professionalism in the insurance broking market as including knowledge and delivery rather than a soul destroying experience which saps the will to live.
Markerstudy on verge of four broker buys
Markerstudy Group has signed four non-disclosure agreements (NDA) to buy brokers.
Clear Insurance Management gets chartered status
Clear Insurance Management has been awarded chartered insurance broker status by the Chartered Insurance Institute (CII).