Broker News – Page 105
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People & OpinionCovid-19 is just an excuse for poor service from the insurance industry says broker MD
Ann Manning, managing director at Henley-on-Thames-based broker ManningUK, says she is ‘ashamed of our industry’. Here, she describes her recent experiences with insurers during the coronavirus pandemic… By Ann Manning, managing director at ManningUK
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NewsBravo Group’s Saffron Insurance snaps up Cambridge-based broker
The East Anglian broker clocks up its fourth acquisition for 2019
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NewsAston Lark buys Irish commercial and transport broker
The purchase marks the firm’s second acquisition in Ireland this year
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NewsBMS strategy shake-up sees top 50 broker target corporate market
The specialist broker has also appointed a new managing director for the division - the latest hire in the firm’s bid for expansion
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NewsArdonagh aims for positive cash flow by 2020
The broker reported a record quarter for organic growth
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Online onlyWant to make more money out of schemes? Index reveals most profitable lines
Public liability insurance offers highest renewal commission. Meanwhile, cyber is up and coming as a product bringing good profits to brokers, but more needs to be done to improve understanding
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NewsJelf re-branded Marsh Commercial
Name change part of a wider restructuring of the Jelf business
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NewsBe Wiser rejoins Biba, five years after joining the first time
The Andover-based broker first joined the association in September 2014, but after leaving in 2016, it has now rejoined
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NewsAll Swinton retail branches now closed, Ardonagh confirms
Integration of Swinton is said to be nearly complete, with another £11m planned to be invested in the process through the second half of 2019
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NewsBrightside appoints new broking director and CFO
Russell Bence has left the Bristol-based broker to pursue other interests
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AgendaUK market hardening picks up pace in second quarter
Marsh figures show the rate of UK commercial price rises was up significantly for Q2 2019 and above the global average
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NewsZurich UK CEO focuses on ‘continued acceleration’ after profits soar
Zurich UK GI posts operating profit increase of 144%, with Tulsi Naidu seeing “3 years of hard work paying off”
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NewsOgden hits LV= but operating profit is up by half
£13m Ogden rate hit puts underwriting profit lower than last year but Steve Treloar hails six months of solid growth elsewhere
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NewsERS slips to unprofitable COR as it reshuffles exec team
ERS blames Ogden as combined operating ratio slips to over 100%
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AgendaAllianz brings on 167 new broker clients in LV= merger as personal lines completes transition
The insurer announced a slight dip in commercial profitability, but attributed that to the LV= transition and outlined the plan for L&G
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News‘Prolific’ ghost broker sentenced for 18 counts of fraud
A number of policies that had been incepted between January and October of 2016 were found to all be connected
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NewsAston Lark hails revenue progression following merger completion
The group now operates from 25 UK offices, employing over 770 people and places £330m GWP
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NewsBeazley poised for profits bounceback as it focuses on broker relationships
Half-year profits soar by 189% compared to 2018
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NewsSSP signs trio of brokers in Q1
SSP hails “great start to the year” as three new clients come on board with long term contracts
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AgendaThe Big Question: After the fall of LAMP, should brokers face a levy for using unrated insurers?
Following yet another collapse of an unrated insurer in LAMP, as well as the recent struggles of Gefion, we ask if there should be any encouragement to stay away from this type of company?
