Broker News – Page 192
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NewsInsurers welcome Osborne's whiplash crackdown
Industry hails ’breakthrough in tackling compensation culture”
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NewsAXA pens five-year deal with Towergate-owned BiBU
The contract which comes into force in January 2016 was previously held by RSA
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NewsOsborne sets apprenticeships levy at 0.5% of payroll
Companies with payrolls less than £3m a year will be effectively exempt
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NewsOsborne to end right to cash payouts for minor whiplash claims
Chancellor says reforms will save £1bn from motor insurance costs
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NewsAllianz offers higher limits to brokers in excess liability cover revamp
The insurer has also extended its list of approved primary insurers
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NewsJelf shares suspended as Marsh deal nears completion
Trading in Jelf shares to end at 7.30am tomorrow
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NewsRoss: Towergate small business unit a ‘catastrophe’
Chief executive praises SBU staff for their tolerance
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NewsCovéa revamps e-traded tradesman offering
Change is part of wider plans to revamp entire small business product range
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NewsLondon Market underprepared for TalkTalk-style hacking
Only one-third of London Market insurers believe their firms can withstand major cyber-attack – Xchanging survey
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NewsICO fines PPI claims company £80,000
UKMS Money Solutions Ltd (UKMS) sent more than 1.3 million spam texts
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NewsICO to probe more than 1,000 data sellers
Companies are believed to play role in compiling and selling names and numbers used by cold callers
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NewsRoss: Towergate must tackle ‘infrastructure issue’ before M&A
Broking group heading ‘in a very healthy direction’, new chief executive insists
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NewsDiscontinued insurer deals drive 8.7% fall in Broker Network income
Adjusted EBITDA also fell by 30%
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NewsInnovation Group joins Startupbootcamp
Innovation Group will provide guidance on market exposure and the global property and motor claims sector
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NewsRegulatory probes cost Towergate £8.8m in first nine months
Towergate has also moved the date when it expects to start paying customer redress, if any, to Q1 2016 from Q4 2015
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NewsTowergate reports underlying loss of £18.7m as costs hit
Broking group “resilient” despite performance deterioration, says chief executive David Ross
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NewsMcLarens operations head promoted to chief exec
Gary Brown will replace Vern Chalfant, who will become executive chairman
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NewsFSCS steps in to rescue Berliner policyholders
General liability and professional indemnity insurance policyholders could be eligible for FSCS protection
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NewsRating agencies back our US sale strategy - Cooper Gay
Moody’s and S&P are examining broker’s sale of North American operations
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NewsRunning claims fraud team costs LV= £4.5m annually
The number of vishing calls that LV=’s staff receive is rising
