Broker News – Page 204
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NewsEx-Oval finance director returns to Gallagher as interim International CFO
Ian Story to replace departing Mark Mugge
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NewsBroker Principal secures £250,000 funding from Yorkshire Bank
It is the first time the broker has sought external funding since it was set up in 2011
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NewsTowergate chairman defends takeover deal structure
Alastair Lyons to leave broking group this year after hiring new chief executive
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NewsTowergate faces £85m compensation bill for mis-selling financial products
Broker could recover £12m of the compensation payments from insurers
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NewsTowergate profit drops 24% in 2014
Revenue falls 4% as deals delayed by uncertainty surrounding troubled broker
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NewsSecured creditors win control of Towergate
Deal will cut debt by more than 60% and provide £75m of new funding
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NewsClaims provider ALPS pens three-year deal with broker Finch
ALPS will provide legal expenses and guaranteed vehicle hire and FNOL service
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NewsClark Thomson buys Willis's Scottish SME unit and joins network
Acquisition set to complete in April 2015
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NewsMarkerstudy hires business development manager from Aviva
Darren Prior will focus on developing new affinity opportunities in BDML Connect
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NewsMarkerstudy’s acquired broking firms break even after Capita loss
Growth has been driven by improving systems and strengthening insurer panel
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NewsJelf founder’s total pay fell 26% in 2014
But broker’s other executive directors enjoyed double-digit pay rises after good year
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NewsGallagher launches insurance scheme for amputees
Deal with charity will make it much easier for limb-disabled to cover vital equipment
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AgendaCorporate customers reveal attitudes to insurers and brokers
StrategicRISK interviews corporate risk managers and buyers from FTSE 250 and large private firms to gain insight on how they view insurers and brokers
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NewsAXA hires sector-specific underwriters amid mid-market growth plans
Insurer has hired PI and specialist property underwriters for South-west and Wales branches
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NewsGallagher's Compass network hires motor fleet pair for London Markets arm
Darren Grodent will be senior motor fleet broker, while Patrick Bartlett will be renewals executive
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NewsTEn planning to target established brokers as well as start-ups
Network expecting more modest 20% GWP growth this year after 24.5% uplift in 2014
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NewsLonmar takes high net worth broker from Aon
Richard Outhwaite joins Lloyd’s broker’s fine art division
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NewsBeach hut is first UK General Dragons’ Den innovative broker scheme
MGA is working with Ryan Insurance Group to launch a beach hut insurance policy
