Broker News – Page 211
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Towergate bondholders 'fully supportive' despite troubles
Advisers representing secured and unsecured investors say they are helping the company find a solution
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Willis Commercial Networks re-elects Roger Gaunt as governance chair
Governance commitee entering its second year
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Hastings chief: Rates to rise throughout 2015
Gary Hoffman says company is ‘not alarmed’ by rising bodily injury claims
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Gallagher stops new business with Towergate Underwriting
‘We need to use companies with appropriate financial standing’ – retail chief executive Janice Deakin
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JLT's Thistle makes raft of hires to replace caravan team lost to Gallagher
New retail and wholesale managing directors appointed
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Seventeen Group secures backing from bank to make acquisitions
Clydesdale Bank is “keen” to work closely with brokers that have supportable growth plans
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Davies makes senior hires to support growth
Chief executive Dan Saulter expects underlying profit to more than double to £3m in 2014 after a strong year of winning contracts
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Towergate bondholders bring in debt restructuring advisers
Houlihan Lokey and Sullivan & Cromwell are advising Towergate’s unsecured and secured bondholders respectively
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Biba publishes sharing economy guide
Aon, Bluefin and Towergate are among the brokers listed that offer cover for businesses within the sharing economy
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James Hallam hires three from CBC to set up real estate team
Managing director Paul Anscombe says insurers are attracted to brokers with specialist units
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Rival network bosses report surge in new enquiries amid Towergate troubles
But supportive members say that Broker Network still offers a good compliance and client money service
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General Legal Protection enhances home emergency cover
The new product exclusively written for Higos will offer enhanced levels of cover and improved terms for write-off settlements
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Co-founder Paul Chase-Gardener retires from Brightside
Now is the time ‘to hand over the baton’
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Marsh launches UK terrorism facility as alternative to Pool Re
Underwriting on facility jointly led by Catlin and Talbot syndicates
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Brokers to draw clients' attention to Towergate's financial troubles
Brokerbility to seek alternative quotes to Towergate’s MGA - but end decision is the client’s
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Cullum’s stake in Towergate drops as Advent becomes majority owner
Founder’s stake now at 20% as private equity backer’s rises to 68%
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Price Forbes launches accident and health unit with Willis team
Division led by Willis A&H team leader Richard O’Brien
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LV= Broker to underwrite Devitt’s new motor trade scheme
New scheme signals company’s intention to grow commercial book
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Fraud Report: Disease claims are the fastest growing fraud
Results of the second annual Insurance Times Fraud Survey