Broker News – Page 152
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NewsTowergate makes hire from DUAL to lead regional specialty arm
Towergate Underwriting has hired Martin Joyce to lead its newly formed regional specialty business. In his new role Joyce will be responsible for financial lines; including professional indemnity, directors and officers and crime. He will be based in Manchester and will report to commercial lines chief ...
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NewsFormer Windsor MD to head Towergate London unit - reports
Towergate is about to hire former Windsor managing director Neil Pearce as head of its London market operations, according to reports. Pearce left his most recent role as head of UK and international liability at RKH Specialty in April, the reports said. Both Windsor and RKH ...
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NewsDalgarno to head Towergate’s new ‘legacy resolution’ unit
Towergate has appointed chief risk officer Sarah Dalgarno to head up a new unit that will tackle the broking group’s old liabilities. Dalgarno will continue to be involved in Towergate’s group risk function until a replacement chief risk officer appointed. The new division, called the Legacy ...
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NewsPrice Forbes hires team from Marsh in retail push
Price Forbes has hired Audrey Corfield as managing director of its European retail arm. Corfield joins Price Forbes from Marsh, along with directors Richard Grimshaw and Jason Ellis, while Helen Morrison will be an associate director. Price Forbes said all four bring more than 60 years ...
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NewsBluefin promotes Steve Hook to personal lines MD role
Bluefin has promoted Steve Hook to the position of personal lines managing director. Neil Forsyth has also been named as Bluefin’s new London Market Broking Director – replacing Paul Longhurst, who has left the broker to join Towergate. In his new role Hook will be responsible ...
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NewsTowergate hires London Markets broking director from Bluefin
Towergate has appointed Paul Longhurst as broking and distribution director in its London Markets division. Longhurst joins Towergate from Bluefin, where he had been London Market broking director for 25 years. Towergate Group chief executive David Ross (pictured) said: “We recognise the huge opportunity that exists ...
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NewsHastings and Esure to win market share by 'aggressive undercutting'
Market share between motor insurers Hastings and Esure will only be won by aggressive undercutting of the opposition, according to a research note by investment bank Macquarie. With two quarters of rising prices behind them in the second half of 2015, both Esure and Hastings have ...
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NewsRyan Direct Group extends contract with Close Brothers
Ryan Direct Group (RDG) has extended its contract with Close Brothers Premium Finance for a further three years. Under the deal Close Brothers will continue to be the exclusive premium finance provider for RDG’s SME and motor books. RDG chief executive Derek Coles said the agreement ...
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NewsBluefin adds former commercial boss to GRP/Bruce court battle
A judge has given Bluefin the go-ahead to take legal action against Neil Thornton, the former head of its commercial division. The broker has accused Thornton of conspiring with ex-chief executive Mike Bruce, two Bluefin branch directors and Thornton’s new employer Global Risk Partners (GRP) to ...
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NewsLegal action against Neil Thornton ‘necessary’ to protect business – Bluefin
Bluefin said its legal action against former commercial director Neil Thornton was necessary to protect its business, clients and staff from individuals it suspects have breached their obligations to Bluefin. Following a hearing today at the High Court, a judge has given Bluefin the go-ahead to ...
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NewsLark buys marine broker Euromarine
Broking group Lark has bought Kent-based marine broker and underwriting agency Euromarine Insurance Services for an undisclosed sum. Following the deal, Lark will have annual revenues of over £28.5 million and employ 350 staff in eight offices across London, the South East and East Anglia. All ...
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NewsBiba to return to Manchester in 2017
Next year’s Biba conference will be held at Manchester Central on 10 and 11 May. Biba chief executive Steve White said: “The feedback we have from exhibitors, sponsors and delegates is that Manchester works very well, as evidenced by the fantastic two days we have ...
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NewsHood Group predicts ‘rapid growth’ following Clydesdale refinancing
Affinity insurance broker Hood Group says it is set for a period of “rapid growth” after completing refinancing with Clydesdale bank. The company said that the refinancing will allow it to continue with its growth plans, which could include acquisitions. Hood Group picked Clydesdale following a ...
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NewsBiba appoints Lorega as loss recovery insurance provider
Biba has appointed Lorega as the provider for its loss recovery insurance scheme for members. Lorega has been appointed for a three-year term, starting on 13 May this year. Under the scheme, Biba member brokers will be able to offer the Lorega cover to their personal ...
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NewsMarkerstudy to launch pet aggregator site
Markerstudy is to launch a pet aggregator site, called Go Get It later this month. The company said that with its experience with pet insurance provider Ultimate, it identified a gap in the market for a price comparison site that is focused exclusively on pet insurance. ...
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NewsHood appoints new residential property head
Affinity insurance provider, Hood Group, has appointed Sarah Smith to the newly created role of head of residential property. Smith will be responsible for the leadership and management of the group’s residential property lines of business which includes household, landlords and renters insurance. She joins Hood ...
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NewsCarole Nash to buy Ageas Retail’s motorbike business
Specialist motorbike broker Carole Nash has agreed to buy Ageas Retail’s motorcycle insurance books of business for an undisclosed sum. The books comprise around 20,000 policies, accounting for roughly 1% of the insured vehicles in the UK motorcycle market. This adds to the 25% share of insured ...
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NewsFCA fines and bans brokers over £150,253 client money blunder
The FCA has banned former insurance brokers Terence Joint and Vroni O’Brien for failings in relation to the handling and misuse of client money. Key points: Broker Joint Aviation directors fined £30,000 Joint Aviation owed £150,253 to insurers Broker transferred client money ...
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NewsRSA claims handler jailed for £55,000 fraud
A former RSA employee has been jailed for 10 months for illegally passing on customer details to a law firm and adding friends and family to genuine claims in a £55,000 fraud. Anthony Francis Joseph Rattigan, 30, an insurance claim handler from Liverpool was convicted of ...
