The stories hitting the headlines this week …
Deal
The Bollington Group has signed a deal to broke motor trade commercial insurance products for AA Insurance. Bollington beat off competition from several other brokers, including Towergate.
Launch
Software house Durell has made a program that lets brokers host a personal lines aggregator on their own websites. Broker clients can use the aggregator to renew policies without rekeying data.
Retirement
Legal & General chief executive Tim Breedon is retiring at the end of 2012. Breedon said: “It has been an absolute privilege to lead Legal & General, but by the end of 2012 I will have completed 25 years’ service with the company.”
Opportunities
Finance and insurance industry bosses rated China as offering the best growth prospects over the next two to three years, in Allen & Overy research. The UK was cited as the best market for growth within Europe.
Hotline
As one of the UK’s top 50 companies with a market capitalisation of £8bn, Aviva will get a hotline straight through to government ministers as the coalition tackles the global debt crisis and tries to revive the UK economy.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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