Year in review: 2008

PB's editor and three senior insurance professionals give an overview of 2008, a year to be remembered, although unfortunately for the economy, mainly for the wrong reasons

JONATHAN DAVEY, DIRECTOR, SSP

At the beginning of the year, the global credit crunch and the threat of the worst recession since the 1930's were not on the agenda for broker managers. Although we had already witnessed the first run on a British bank for over 100 years, it was business as usual across the industry and the changes to capital gains tax rules in April led to a flurry of acquisitions in the first quarter.

However, as the financial crisis deepened, we have seen a significant slowdown

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

GIC completes Miller deal

Institutional investor GIC has completed the takeover of Miller, buying out previous co-investor private equity house Cinven.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: