News
Allianz Engineering win Lockton account
Allianz Engineering will be the sole provider for Lockton Companies International. Following a successful tender process, Allianz Engineering will be repsonsible for Lockton’s clients' Computer insurance covers.
Scottish broker moves to new £3m HQ
Aberdeen’s largest insurance brokers, Central Insurance Services, have relocated to a new custom-built headquarters.
New directors at BGL Group
Personal insurance intermediary, BGL Group, has appointed two new directors and two associate directors to help deliver its ambitious expansion plans.
Broker Network sells up to Towergate
The Broker Network has announced that it is to accept an offer from Towergate for the entire shareholding of the company. The offer, for 605 pence per share, values the company at approximately £95m.
FSJ Broking secures UKGI recommendation
FSJ Broking has achieved a significant partnership deal, joining a small and select number of markets and wholesalers to gain recommendation from UKGI.
Europa seals deal with iprism
Online small to medium-sized enterprise (SME) comparative quote facility iprism has substantially boosted its penetration into broker distribution via Europa’s network of 1,500 brokers.
Chubb restructures London operation
Chubb Insurance has reconfigured its London office operations, a move which it claims reaffirms its commitment to independent brokers providing them with dedicated access and expertise.
50% of coffee shops could be operating illegally
Allianz Engineering has revealed that 50 per cent of the 1000+ coffee shops in London could be operating illegally, without proper inspections on one of their most frequently used machines, the coffee boiler.
Fortis joins Uinsure home insurance panel
Fortis has announced it has become the fourth member of Uinsure’s home insurance panel.
CCV buys stake in construction specialist
Cullum Capital Ventures (CCV) has announced the purchase of a significant investment stake into specialist construction broker Morgan Law.
Rates stabilising according to Brit boss
Brit has reported that gross premiums written by the group in respect of ongoing business for the 9 months to 30 September 2007 totalled £1.02bn (30 September 2006: £978.3m), an increase of 4.3%. Premium growth, when adjusted for exchange rate movements…
Willis Index tracks professional risks trends
Premiums across all financial, executive and professional lines of insurance are decreasing to the levels seen in 1999 and 2000 – the low point of the last soft market, according to a survey of London market insurers by Willis Group.
R K Harrison acquires International Risk Consultants
R K Harrison Holdings (RKHH), the parent company of R K Harrison Insurance Brokers (RKHIB), has acquired Indemnity & Risk Management, the parent company of International Risk Consultants (Europe) (IRC Europe).
Biba concerned with FSCS funding changes
The British Insurance Brokers’ Association (Biba) has expressed concern that its members may be forced to help compensate the customers of Northern Rock, were the bank allowed to default, under new funding arrangements for the Financial Services…
Swinton set aside £100m for its acquisition team
Swinton has set aside a £100m for its acquisition team, headed by Hazel Walker, to fast track purchases and help brokers benefit from the current rules.
Axa acquires broker marketing agency
Axa UK has announced its acquisition of marketing agency, Ignition NBS.
IIB slams Law Commission consultation
In its response to the Law Commission, the Institute of Insurance Brokers (IIB) stated that it does not believe any amendments to insurance law should attempt to confer different rights to private and business policyholders (or any combination of the two…
NU expand its property team into the regions
Norwich Union (NU) has expanded its property team by providing the largest number of regional consultants.
iprism in second network tie-up deal
Online small to medium-sized enterprise comparative quote facility iprism has signed its second broker network 1 Answer Network two weeks after announcing its first network tie-up with UKGI.
Ace appoint UK distribution director
Ace UK has announced the appointment of Patrick Drinan as UK and Ireland national distribution director.
Groupama kicks off graduate campaign for 2008
Following its inaugural graduate in-take in 2007, Groupama Insurances has launched its 2008 Graduate Recruitment Programme.
NU bolsters property team
Norwich Union (NU) has expanded its property team by providing what it claims is the largest number of regional consultants.
Oval acquires again
Broker Oval has acquired its second stand-alone IFA business, with Leicester based financial advisory firm Ward Mitchell Partnership.
FSA close down Manchester broker - directors banned
A Manchester insurance broker has been closed by the Financial Services Authority (FSA) after investigations revealed that the firm was selling insurance without underwriting in place, leaving clients uninsured.