Broker News – Page 233
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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
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NewsAlastair Lyons quits as Serco chairman after admitting ‘mis-steps’
Announcement comes after string of profit warnings and a strategic review at outsourcer
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Online only'Gibraltar must be ready for Solvency II'
Can Gibraltar’s insurers keep up with Solvency II?Efforts by Gibraltar’s Financial Services Commission (FSC) to prepare for Solvency II are paying off.Accounting firm Deloitte’s annual study of the Gibraltar motor insurance market shows that eight of Gibraltar’s firms had solvency margins higher than 200%, up from five at end-2012.But the ...
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NewsTEn 'secures future' as it completes employee-ownership programme
TEn’s employee benefits trust owns almost 70% of the shares in the company
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NewsAon launches new $5bn share buy-back programme
Broking group now authorised to repurchase up to $6.1bn of its own shares
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NewsDUAL hires Stephen Bonnington to head up PI division
The MGA has also hired professional indemnity veteran Peter Holt as chairman
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NewsHiscox launches new bike offering on broker comparison site
Bikmo Plus will be available through Butterworth Spengler’s aggregator Bikmo.com
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NewsBrightside hires Lloyds Bank underwriting manager to grow home book
Chris Gardner will be responsible for building and pricing home insurance products
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NewsGallagher-owned Deacon to launch more quote-and-buy online products
Broker eyes March launch for expanded product set
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NewsLloyd's broker EPG expands and rebrands to Shepherd Compello
Shepherd Compello wants to expand into marine cargo, high net-worth and commercial property
