Consolidators
The new breed of consolidator
With management changes at some of the country’s largest brokers, the consolidator model is evolving
Hodges outlines plans for Towergate
Mark Hodges has stated that he plans to develop a more corporate structure for Towergate.
Towergate suffers two more senior resignations
Two senior managers at Towergate have handed in their resignations in as many weeks as the change of culture under new CEO Mark Hodges takes effect.
Giles' finance director steps down
Mark Chambers, finance director at Giles Insurance Brokers, resigned on 1 January according to new documents submitted to Companies House.
A year to remember
Tony Cornell looks forward to the year ahead and predicts what 2012 holds in store for brokers
County unveils new consolidator
County Group has launched County Insurance Northwest with the aim of acquiring 15 brokers in the North of the UK over a five year period.
Smaller brokers may get locked out of SME sector by aggregators
SME aggregator market dominated by two large players may mean brokers get left behind
Profile: High octane broking
Aberdeen-based broker Central Insurance has ambitious plans to double its GWP, MD Iain Henry tells Emmanuel Kenning
Ten more for TEn
TEn Insurance has signed up ten new members in the last three months bringing its total membership to 68.
Broking success: The Tasker at hand
Diversifying into new lines and looking out for new opportunities are keeping Paul Tasker’s brokerage on track, writes Liz McMahon
The 10 most stupid insurance decisions
What are the 10 biggest bloopers committed by the industry? Tony Cornell gives us his top 10 insurance calamities
NMJ doubles in size with Broker Direct purchase
NMJ Insurance Brokers has acquired Barry Fenton Insurance from Broker Direct as a result of the latter’s plan to focus on its core business.
Power hour: What now for consolidators?
Consolidators are not as bullish as they once were, but they may be rising again, writes Martin Friel
Towergate kicks off acquisition spree with modest purchase
Towergate Insurance has purchased Tunbridge Wells-based BWA (Insurance Services) for an undisclosed sum.
Is 2011 set to be the year of the start-up or the consolidator?
The news that Towergate had lost a pre-action disclosure application in the High Court and been ordered to pay £17,000 in costs to Lorica Insurance Brokers came shortly after the announcement that the consolidator’s deal with Advent had created a £90m…
Reportage: Facing up to networks
With networks increasing in popularity, Emmanuel Kenning recounts their development and looks to the future of this crucial market sector.
Profile: Hidden depths
CCV’s Michael Rea may not shout about it but he’s certainly made his mark at the consolidator. He talks to Martin Friel about his appetite for aquisition, the prospect of flotation and working for an industry ‘personality’
Editor's comment - January 2011
Here we go again. Another year, another set of woes. The economy has only improved slightly, premium rates still show no sign of real hardening and insurers still seem hell bent on self-sacrifice in the name of growth. I feel for you brokers, I really do…
Giles makes record buy despite fall in results
Giles has made the largest acquisition in its history despite experiencing a drop in turnover and earnings for 2010.
Interview: In perfect focus
With sharp intelligence, good humour and unique perspective, industry consultant Clare Ryder shares her thoughts with Martin Friel about where the market has been and where it needs to go next.
The PB Interview - Tim Ryan: Local hero
Andrew Tjaardstra meets Tim Ryan in Ipswich, where he is fighting hard against the recession and the force of the consolidators.
James Hallam undergoes a 'lucky' rebrand
The holding company of James Hallam Insurance Brokers has undergone a rebrand as the group positions itself to make further investments in the broking market.
Lloyd's hopes to boost market share by 'getting out to regions'
Lloyd's new regional manager of UK and Ireland, Keith Stern, has revealed plans to target regional brokers in a bid to boost market share.
Agenda: That elusive crock of gold
The consolidation of the retail broking sector started in 1998 with the creation of Towergate but gathered pace in early 2000 through to 2008. In that period, some £3.6bn of commercial business was acquired, which equates to 25% of the total commercial…