Networks
Momentum takes broking manager from Giles
Momentum has appointed Joe Wyatt as broking manager.
Towergate sees first quarter profits fall
Towergate has reported a 2% drop in operating earnings to £33.8m for the first quarter of 2013, from £34.6m in the first three months of 2012.
Ceta adds LV to household panel
LV has joined Ceta’s home insurance panel which currently includes Allianz, Ageas, Covea, Zurich and Covea and is responsible for £25m of premium income.
Brokerbility unveils MacKay Corporate as first Scotland member
MacKay Corporate has joined Brokerbility as its first Scottish-based member, taking the group’s membership total to 36.
Purple takes on NIG mainstay to drive southern business
Purple Partnership has snapped up former NIG stalwart Andrew Elliot as development manager for the South.
Compass strikes three-year £20m deal with Ageas
Compass Broker Services has struck a three-year "strategic agreement" with Ageas UK Insurance worth an expected £20m covering both personal and commercial lines.
Momentum cuts its losses in 2012 as turnover doubles
Momentum Solutions has reported a loss of £129,470 for 2012, down from a £289,993 loss posted last year.
No need to restructure Towergate network division, says Hodges
Towergate has posted a “strong set of results in the round” according to group CEO Mark Hodges.
TEn Insurance reports first quarter GWP growth of 23%
TEn Insurance has reported first quarter GWP growth of 23.4% to £5.9m.
Broker Network and Countrywide unveil double senior moves
Broker Network and Countrywide have unveiled a double senior appointment with the arrival of former Axa man Dave Wilkins and the promotion of Emma Parr.
Lorega extends Towergate networks relationship
Broker Network and Countrywide has extended its relationship with Lorega to include the launch of Household Network Assist.
Brokerbility expands with Miles Smith addition
Brokerbility has added London based Miles Smith Insurance Solutions, the newly formed retail division of Miles Smith, to its membership list bringing the total to 35 brokers.
Market reacts to Aviva and Willis Networks split
Network pressures symptomatic of insurer scrutiny on profitability, say brokers
Pearce retires from TEn
David Pearce has retired from his role as non-executive chairman of TEn Insurance.
Networks issue rallying cry despite Aviva and Willis split
Broker networks have insisted they still have a crucial role in the market place despite Aviva's decision to withdraw from the Willis Network.
Willis Network bullish despite Aviva withdrawal
Willis Network has shrugged off its split with Aviva, insisting that it chose not to strike a deal with Aviva to extend its relationship beyond December 2013.
Aviva splits with Willis Networks
Aviva will not be renewing its participation as an insurer panel member for Willis Networks as of 31 December 2013.
Westinsure considers appeal after VAT ruling
Westinsure MD Norrie Erwin insisted that the broker network is now "considering an appeal" following a tax tribunal decision that networks must charge full UK VAT at 20%.
Purple unveils UK General as panel member
Purple Partnership has unveiled UK General as a new panel member, Insurance Age can reveal.
Market moves: Networks in the news
There was a lot to admire in the broker-related market moves last month. Networks decided en masse to grab their share of the limelight. Having delivered a quiet quarter or so they certainly achieved it by bursting back into life with one appointment in…
Bluefin CEO "bullish" about acquisitions despite 2012 blank
Bluefin Insurance CEO Stuart Reid has insisted he is "bullish" about the broker's 2013 acquisition prospects despite drawing a blank last year.
Bluefin shrugs off Wentworth storm to post rising profit and EBITDA
Bluefin Insurance shrugged off the reported loss of business to broker Wentworth Alexander to record post-tax profit and EBITDA rises for 2012.
1 Answer Network buys BrokerDrive
1 Answer Network has boosted its "strength in numbers" after buying online broker network BrokerDrive.
Marsh ProBroker membership goes up by three
Marsh ProBroker has added three new members since the beginning of 2013, including one ex-Cobra Network member.