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Market Moves
A monthly look at who is moving where.
Specialist website reaches out to previously blacklisted users
Specialist brokers have banded together to launch a new website designed to provide insurance for the millions of people who can't secure cover, which they claim is one in four of the population.
Industry feedback drives PowerPlace fleet launch
In response to broker feedback, PowerPlace has announced it is to launch a fleet product by June this year.
Brokers warned of credit card security shake-up
Brokers must comply with new credit card security standards or risk facing financial penalties in the future, industry experts have warned.
Anti-social networking brokers to miss out if UK follows US trends
Brokers that refuse to embrace social media may miss out on significant business opportunities, according to new consumer research.
Report predicts insurance fraud will hit £2.5bn mark
General insurance fraud losses could reach £2.5bn in 2010, according to research from Experian.
Police warn that Olympics could lead to more plant theft
Plant theft claims are set to rise as the London 2012 Olympics approach, the head of the Metropolitan Police's Plant and Agriculture National Intelligence Unit (PANIU) has warned.
Bespoke reports to highlight broker fire losses
Brokers could benefit from more detailed large fire loss data being collated by Risc Authority.
Property owners' scheme for those deemed problematic
Lloyd's broker Tasker and Partners has launched a property owners' scheme designed to cater for those who have experienced difficulty obtaining cover in the economic downturn.
Motorsport market welcomes two new schemes
The motorsport risk market has received a boost with the launch of two new facilities.
JLT: non-advisory branch to merge with Thistle
Jardine Lloyd Thompson (JLT) has revealed it is merging its non-advisory division with Thistle Underwriters.
Jackson report may shape Allianz legal expenses business, says CEO
Allianz UK chief executive, Andrew Torrance, admitted the company may restructure its legal expenses business in light of the Jackson report if the expected impact on the ATE market materialised.
Soon to rebrand CBG reveals acquisition is imminent
CBG Group has revealed it is involved in talks with a 'number' of businesses and expects to finalise an acquisition deal during the first half of 2010.
Insurers considered irrelevant in MMC and fire risk debate
Experts have warned that obtaining cover for buildings using modern methods of construction (MMC) could become increasingly difficult after insurers were prevented from taking part in a London Assembly planning committee meeting.
Doodson plans global growth
Entertainment insurance broker Doodson Broking Group has revealed its global expansion plans after joining forces with US-based Crossfields Insurance Brokerage.
Free SME security campaign to enhance broking opportunities
Brokers could benefit from an initiative supported by the Home Office that aims to boost insurance and security for hundreds of thousands of micro and small to medium-sized enterprises (SMEs).