Broker News – Page 212
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NewsTowergate unsecured bonds now as risky as Greek debt
Moody’s downgraded broker’s debt to ‘poor standing’ rating today
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NewsTowergate bond price crashes as investors fear debt write off
Holders of unsecured bonds ‘running for the hills’
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NewsMoody’s downgrades Towergate to 'very high credit risk'
Ratings placed on review for a further downgrade
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NewsMark Cliff quits Ageas to become Brightside executive chairman
Leaving Ageas ‘the toughest decision of my life’
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NewsLloyd’s broker hires Towergate Underwriting sales head to run new MGA
Tony Lawrence to head up Imperium Insurance, which will serve brokers that are overlooked by bigger firms
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NewsPeter Cullum and Andy Homer plotting bid for Towergate
Founder and former chief executive appoint Fenchurch Advisory for MBO
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NewsFitch downgrades Towergate to B- over potential cash shortage
Rating agency also downgrades broker’s bonds to BB- and CCC+
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NewsQuindell denies plans to sell shares in National Accident Repair
The outsourcing giant acquired a 25.3% stake in NARS in September 2013
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NewsMarsh hires from Aon and Willis to expand Scottish operations
The appointments follow the acquisition of Aberdeen-based broker Central Insurance Services
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NewsDan Wilkinson reveals growth plan for joint broking venture
Former Willis UK chief exec is targeting 1,400 customers and wants to add up to seven insurers to panel
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NewsTowergate cuts Broker Network valuation by £55m
Company silent on whether network is up for sale
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NewsTowergate chairman: Broker could be sold next year
Alastair Lyons says group will not appoint chief executive until it has evaluated all bids
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NewsTowergate to sell non-core units to stave off cash shortage
Broking group admits it could breach its loan covenant and is at risk of going under if it cannot raise cash in time
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Online onlyTowergate assessing potential takeover bids
The broker saw losses increase to £112.7m over the first nine months of 2014
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NewsTowergate to review more than 2,000 customer files following FCA probe
The regulator has been investigating sales practices at Towergate Financial
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NewsJLT MGA hires ex-Towergate Underwriting PI leaders to set up new niche
Peter Newson and Mark Richardson to lead Thistle’s professional indemnity expansion
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Online onlyCooper Gay rebrands London market brokers
CGNMB will be the single brand for Lloyd’s brokers Cooper Gay & Company and Newman Martin and Buchan
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NewsRSA hires new claims boss from DAC Beachcroft unit
Bill Paton will join his former boss Steve Lewis when he takes up the role at RSA next year
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NewsHowden to expand into property and construction with first 2014 UK broker acquisition
Broker buys Liverpool-based Powell Bateson and plans further purchases next year
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News£22m in acquisitions helps Brokerbility grow by £60m to hit GWP target
Network on track to place £600m GWP by year end
