News
Towergate adds to payment protection portfolio
Towergate has announced the acquisition of payment protection specialist, British Insurance.
IIB responds to Hunt Review
The Institute of Insurance Brokers (IIB) has responded to the review, being conducted by Lord Hunt, into the Financial Ombudsman Service (FOS).
eBay teams up with insurance comparison website
eBayMotors.co.uk, a UK online showroom, has partnered with the original insurance comparison website, www.insurancewide.com, in a unique deal to provide site visitors with a comprehensive choice of car insurance options.
Scottish broker's independence assured with MBO
The independence of one of Scotland’s largest independent insurance brokers, Central Insurance Services, has been secured following a management buy out (MBO) supported by the Royal Bank of Scotland.
Biba's call for tougher regulation rejected by Gocompare
Gocompare has hit back at Biba’s call for tougher regulation of comparison websites.
Biba hits out at aggregators again
The British Insurance Brokers’ Association (Biba) has called on the Financial Services Authority (FSA) to urgently review its Insurance Conduct of Business rules for electronic introductions, following independent research into price comparison websites.
Towergate rewards Trinity Hospice for innovation
Towergate has awarded a grant of £2,800 to Trinity Hospice, for a new project to raise money to fund its work caring for local people with terminal illness and their families.
New network guide published
Broker Network has sponsored industry consultant Tony Cornell to produce a guide to help independent insurance brokers make an informed choice when joining a network.
Erinaceous's Biggest Fee Earner Defects to Lockton
Lockton’s Real Estate and Construction division has appointed Simon Millar as director. He will be responsible for new business development and client relationship management.
CBG Group acquires niche broker
CBG Group, the Manchester based insurance broker, financial adviser and healthcare specialist, completed the acquisition of Barclay Brown Holdings, and it’s trading subsidiaries, on 18 January 2008.
THB Group establishes underwriting division
Specialist insurance broker THB has launched a new division outside its core broking operation. Unicorn Underwriting Limited has received Financial Sservices Authourity authorisation and will operate as a separate company to emphasise the Group’s highly…
Cassidy Davis in management reshuffle
Cassidy Davis, the specialist personal lines Lloyd’s insurer and part of the Jubilee Managing Agency, has announced a reorganisation of its senior management team to support further growth in its personal lines and life operations.
Moorhouse targets £100m GWP in two years
Independent Welsh broker Moorhouse has unveiled ambitious growth plans targeting £100m in gross written premiums via organic growth by 2010.
Upward premium trend continues, says AA
Premiums for both car and home insurance have once again risen, the latest findings from the benchmark AA British Insurance Premium Index show.
Drug profiling to target commercial motor market
A new service, designed specifically to cut commercial motor insurance premiums by providing alcohol and drugs profiling of drivers, has been launched by Trimega Laboratories.
Oval confirms FMW purchase
Oval has confirmed the acquisition of insurance broker and risk advisor FMW which follows the recent acquisition of Ipswich based cooksheppardpinhey marking a new Eastern regional foothold for the Oval group.
Axa appoints new non-executive directors at Venture Preference
Axa has appointed Sandy Dunn as non-executive chairman and Ian Brimecome as non-executive director of Venture Preference (VP), the general insurance broker business owned by Axa.
Oval acquires major niche broker
According to a senior market source broking consolidator the Oval group has acquired FMW Risk Services.
FSA issues fine for PPI mis-selling
The Financial Services Authority (FSA) has fined HFC Bank nearly £1.1m for failing to take reasonable care to ensure that the advice it gave customers to buy payment protection insurance (PPI) was suitable, and for failing to have adequate systems and…
RSA rolls out trading vision
Following the successful launch of specialist trading units for Property Investors, and within Construction, Power and Engineering, Royal and Sun Alliance (RSA) has created four new trading units focused on the retail, leisure, manufacturing and public…
Towergate acquire online insurance agency
Towergate Partnership has acquired Insurance 4 Car Hire Agents (I4CH), an internet-based insurance agency providing specialist insurance products for the car rental market. I4CH will form part of Towergate’s Retail Division headed by Amanda Blanc.
Biba calls for better flood defences in 2008 Manifesto
The British Insurance Brokers’ Association (Biba) has published its first-ever Manifesto, highlighting its key campaigning issues for the next 12 months.
Tokio Marine welcomed as Biba associate member
The British Insurance Brokers’ Association (Biba) has announced that Tokio Marine Europe Insurance has joined the organisation as an associate member.
Ecclesiastical signs up for climate change partnership
Gloucester-based Ecclesiastical has become the first insurance company to make a financial commitment to one of the UK’s 10 regional Climate Change Impact Partnerships, bodies set up to advise the public and private sector about how to adapt to the…