Broker News – Page 168
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NewsBluefin settles with remaining defendants in poaching case
Bluefin has reached a settlement with the remaining two defendants - Mark Rogers and Suzanne Powell - in its poaching case. The broking group’s lawyer, Mr. Mansfield, said: “A settlement has been reached between the parties on all matters.” This follows the settlement Bluefin reached yesterday ...
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NewsCooper Gay puts 70 jobs at risk as turnaround continues
Cooper Gay has put 70 London-based jobs at risk of redundancy as it continues to restructure, Insurance Times understands. The broking group employs 400 staff in London, where it is headquartered. The news comes as Cooper Gay continues work to turn itself around under new chief ...
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NewsBluefin, Bruce, GRP and Thornton agree settlement
Lawyers for Bluefin, Mike Bruce (pictured), GRP and Neil Thornton have agreed to settle their legal battle over allegations of staff poaching. But lawyers for Bluefin are still working out whether they can reach a settlement with the other two defendants, Mark Rogers and Suzanne Powell. ...
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NewsSteve White's Blog: Brexit and the broker
Biba chief executive considers the implications of leaving the EU
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NewsBrightside puts 50 jobs at risk in restructuring
Broking group Brightside has put 50 jobs at risk as part of a restructuring programme for its non-customer-facing functions. The functions affected by the restructure include IT, marketing and finance. The formal consultation period for the potential cuts will begin mid-July and the final decision announced ...
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NewsBluefin, Bruce and GRP close in on settlement
The parties in the Bluefin/GRP legal battle are close to reaching a settlement. The trial began today in London, but the judge has now dismissed all parties to discuss a possible settlement following discussions between the defendants’ and Bluefin’s lawyers. They will reconvene this afternoon. Bluefin’s ...
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Online onlyAviva pressure eases after post-Brexit turmoil
Aviva’s share price revovered some of its recent short falls, rising 6.5% in Tuesday’s trading to 368pence. The insurers’ shares had fallen 22% since Thursday’s Brexit vote to close yesterday at 347pence. Aviva, who was one of the biggest victims of the voters’ decision to withdraw ...
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NewsCooper Gay hires chief innovation officer
Peter Hacker has joined broker Cooper Gay as group chief innovation officer. Hacker was previously head of rival broker Jardine Lloyd Thompson’s communications, technology and media practice and has also served as a managing director of Swiss Re. He is also co-founder and partner at Distinction ...
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NewsAviva fights back amid wave of consolidation
Aviva is investing heavily in smaller independent brokers in an effort to stave off the lure of the consolidators who are on a buying spree. After the large-scale acquisitions of Oval, Giles and Jelf, there are not many big brokers left in the market. So attention ...
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NewsAA: fuel prices will be the "biggest immediate concern" following decision to leave the EU
Motor, home and travel insurer AA said fuel prices, border controls and motor insurance are likely to be affected as a consequence of the referendum result. The AA expects fuel prices to rise as the value of the pound has fallen by more than 9%. AA ...
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NewsUK firms to face increased cyber regulations even with Brexit
UK companies will still have to comply with new EU regulations regarding data breaches irrespective of the outcome of the referendum vote today, leading cyber risk experts at Beazley’s Hacked! Conference said earlier this week. Interest in cyber protection among UK businesses has risen sharply with ...
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NewsSouth East and London hit by flash floods
The South East and London have been hit by flash floods after a month’s rain fell in a few hours this morning. Red immediate action warnings are in place for areas of Essex and the capital. Flooded streets were reported across the capital, with Bexley getting ...
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NewsMarsh and Gallagher plot UK acquisitions
Much of the recent talk about UK SME broker mergers and acquisitions has been dominated by the new consolidators such as GRP and PIB. But it should not be forgotten that there are much bigger beasts in the market that also have a strong appetite for ...
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NewsChubb's European high net worth head to depart
Chubb Europe’s head of personal lines Simon Mobey is leaving the company. He will be replaced by UK and Ireland distribution head Jeremy Miles who has been promoted to the role of senior vice president, personal risk services, Europe. In his new role Miles will be ...
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NewsHDI plots Scottish expansion with Glasgow branch
HDI Global is planning to open an office in Glasgow. The insurer said it wanted to strengthen its regional footprint by establishing a presence in Scotland. It already has offices in London, Birmingham and Manchester. As a result of the move HDI has hired Paul McGhee ...
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NewsAon UK appoints long-serving Marsh exec to board
Aon UK Ltd has appointed former Marsh executive John Nicholson as a non-executive director. Aon UK Ltd is Aon’s main regulated entity in the UK, and includes the global broking group’s UK risk management, insurance and reinsurance businesses. Nicholson worked at Marsh for 18 years between ...
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NewsSwinton closes Leek branch
Broking group Swinton closed its branch in Leek, Staffordshire on 18 June. The Leek Post & Times reported that the broker’s Leek branch clients will now be served by its Hanley branch. The paper quoted a letter to customers from Swinton distribution director Richard Beaven, which ...
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NewsDigital Risks partners with Aviva for combined commercial cover
Digital Risks, the new digital-first broker for technology and media businesses, has announced a partnership with Aviva to launch its combined commercial product. Designed to meet the needs of fast-growth and digitally-focused start-up and SME businesses, the product is sold as a monthly subscription, rather than ...
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NewsMarsh’s Weil: SME broking needs to change
Simply finding the right price for clients will no longer be good enough to thrive as an SME broker, according to Marsh UK and Ireland chief executive Mark Weil. In his keynote speech at the inaugural Insurance Times Insuring SMEs event in London yesterday, Weil also ...
