Broker News – Page 126
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NewsClear Group buys Brokerbility Holdings
The deal marks the broker’s biggest acquisition to date - it will now manage around £200m in premiums and employ more than 400 staff
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News Analysis‘Pandemic Re needs to get up and running’ says Aston Lark boss Peter Blanc
The ‘cancellation culture’ caused by Covid-19 is hitting the economy hard, but the inability for event organisers to obtain to coronavirus cover is still stifling this sector – Blanc believes it’s time for the insurance industry to lean on the government for a solution
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NewsCMA ‘concerned’ that Ardonagh’s purchase of Bennetts will lead to ‘worse deal’ for customers
The firms now have five days to respond to the CMA’s initial findings; if its key issues are not addressed, then an in-depth phase two investigation will be required
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News AnalysisTest case judgment could be ‘the difference between life and death’ for Covid closed businesses
Brokers rejoice as High Court ruling provides clarity for customers’ business interruption claims caused by Covid-19 pandemic
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NewsRevealed: Four MGAs awarded five stars in Insurance Times MGA survey
The results for the MGA five star ratings are in - four MGAs have made the cut to achieve five stars each for their service, but can you guess who they are?
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News Analysis‘Keen to make acquisitions’ – Gallagher chiefs discuss M&A strategy
Gallagher has a strong balance sheet and a track record of buying UK brokers. Gallagher UK underwriting and broking boss, and M&A head Olly Homer, discuss acquisitions. The duo insist a strong cultural fit is paramount in making a deal.
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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%
