News
Jelf looks to raise £17m after reporting operating loss
Jelf has revealed it is in advanced discussions regarding the raising of a possible £17m after reporting an operating loss of £9.7m for the year ending 30 September 2009 (2008: £5.1m).
Moneysupermarket's year end results reveal drop in revenue and customers
Moneysupermarket’s preliminary results for the year ending 31 December 2009 have revealed a 23% drop in revenue to £136.9m (2008: £178.8m) and 26% drop in EBITDA to £36m (2008: £48.8m)
Survey ranks Lloyd’s as strongest insurance brand
Lloyd’s was today announced as one of the UK’s leading business brands - ranking first in the insurance sector and 40th overall - in the 2010 Business Superbrands survey.
One in five admit to insurance 'fronting'
New research from the Motor Insurers Bureau (MIB) and Aviva reveals that 70% of UK drivers do not understand what 'fronting' means, but that one in five of those that do understand the term admit to it.
CFC Underwriting raids THB for new finance director
Specialist lines underwriting agency, CFC has announced the appointment of Michael Grist as finance director.
1 Answer Network and Avantia join forces
1 Answer Network has collaborated with specialist household provider Avantia to offer members access to homeprotect
FirstAssist and Camberford launch scheme to protect intellectual property
FirstAssist Legal Protection has launched an intellectual property scheme in partnership with Camberford Law.
Resignations on rise in insurance sector
Resignations amongst staff in the insurance sector have increased in the year to February 2010, despite growing fears over job security, according to new research.
Towergate Financial buys mortgage broker John Charcol
Towergate's IFA arm is branching out into the mortgage sector following high profile acquisition.
Broker Direct teams up with Axa for home insurance product
Broker Direct have announced the launch of BD Home Options, a new household insurance product developed in partnership with, and underwritten by Axa Insurance.
British Airways cabin crew vote for strike, but no date set, and negotiations still in play
Insurance brokers will receive a flurry of calls as 81% of British Airways' cabin crew Unite members voted for strike action over changes to pay and employment conditions
Faber & Dumas hires business development director
Gerry Tollan has joined Faber & Dumas, the wholesale brokerage division of Willis Group Holdings, as business development director.
Motorists are focused on insurance savings, says poll
A third of British motorists would like to save on their car insurance this year according to a poll conducted by Be Wiser Insurance
Towergate to consolidate BNIB business in the North West
Move will see the closure of four offices and the establishment of one central office on the outskirts of Manchester
SSP adds to insurer division
Technology firm SSP has appointed Martin Houston to the role of business development director for its insurer division.
Clear makes 11th acquisition to secure access to specialist markets
Howard Lickens describes the purchase as a "great opportunity to expand into a new area"
QBE boosts Manchester office
QBE European Operations has appointed Simon Smith as property underwriter in its Manchester office.
Biba to host economic outlook forum
The British Insurance Brokers’ Association (Biba) is to host a pre-election forum at the City of Manchester Stadium on 25 March 2010.
Bennetts hires regional director from Jelf Group
Insurance broker Bennetts Commercial has appointed Carole Lowe as a director to its senior management team.
Arista makes underwriting appointment for South East
CEO Charles Earle promotes Anothony Foulds to take responsibility for property, liability and motor business in South East
Cunningham Lindsey raids Garwyn for area manager
Cunningham Lindsey’s liability services has hired new area manager, Adrian Hotson, in its latest appointment from casualty market rivals Garwyn.
Torus announces $185m equity investment boost
Torus has announced an additional equity investment of $185m (£120m) to support the expansion of its specialty insurance and reinsurance businesses.
Aviva warns of vacant property rise
A new study by the Local Data Company shows that retail property vacancy rates across Britain rose 2% in the past six months of last year to 12%, with some towns seeing as much as 24% of its shops lying empty.
Sterling launches new product following broker consultation
Sterling Insurance has announced the launch of its new Executive Business product.