News
NU boss outlines strategic shift in bid for fresh business image
Norwich Union Insurance (NUI) has made significant strategic changes to its operating model, in an a...
Ace launches liability portfolio
Insurer Ace has launched Ace Elite, a portfolio of liability products designed to address the increa...
Swinton sets aside £100m for team
Swinton has set aside £100m for its acquisition team, headed by Hazel Walker, to fast track purchase...
QBE rebrands Limit, Ensign and MBP
QBE has rebranded Limit Underwriting, Ensign and MBP under the QBE name, as well as simultaneously l...
Five new members for Countrywide
The Countrywide network has added five new members in the last five weeks as a result of newly launched facilities, particularly across commercial lines.
Abbey Protection announces admission to AIM
Abbey Protection, the specialist supplier of legal and professional fees insurance products and services to UK small-to-medium sized enterprises, has announced the admission of its ordinary shares to the AIM Market of the London Stock Exchange and the…
Brokers warned over earn-out Capital Gains Tax trap
Brokers rushing to sell their businesses before Business Asset Taper Relief expires on 5 April 2008 may still be caught by the increase in Capital Gains Tax (CGT) announced in the Pre-Budget statement if they plan to use an earn-out agreement warns CLB…
Moorhouse attributes growth to Investment in People
Moorhouse, has attributed its 35% growth in GWP during the past 12 months to investment in the training and development of its staff.
CCV secures two further deals
CCV has announced two further acquisitions, which it says will provide a complimentary fit to existing operations.
Two Welsh Institutions Join Forces
Two of Wales’ leading financial sector institutions have joined forces to provide commercial property investors with a flexible insurance service to rival those found in the City of London.
ABI welcomes VAT modernisation
Following the announcement today of the European Commission’s latest proposals to modernise VAT rules on the supply of insurance and financial services, Sarah Knight, assistant director of Financial Regulation and Taxation at the Association of British…
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).