Broker News – Page 497
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Purple to exceed £40m yearly target in first month
Start-up network the Purple Partnership is set to achieve its year one business targets in its first month of trading.The South West based network, a collaboration of broker Jelf and former Westinsure managing director Bob Parkins, said this week it had 10 confirmed members, with a further 10 at various ...
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Oval starts acquisition trail in East Anglia
Oval has made the first of four slated buys in early 2008 with the acquisition of East-Anglian broker, A J Cook, known as Cook Sheppard Pinhey.Ipswich-based Cook Sheppard Pinhey, which has an annual GWP of around £17m and employs over 50 staff, is Oval's first buy in the region.In November ...
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New Marsh departure adds to broker’s woes
Marsh has been hit by news of a string of further senior departures this week, as the company unveiled a major global restructure.It has emerged that the head of UK placement Chris Tabbitt has left the broking giant with the last few weeks.Marsh was also dealt a blow with the ...
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Brokers failing to carry out e-reforms
London market brokers support change but fail to act, says report
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Insurecom pledges to be No 1 for imarket products
Insurecom will become the leading software house for imarket products within the next six months, Phillip Walter, the company’s chief executive has pledged. This comes amid an investigation by Insurance Times into brokers’ concerns regarding imarket which included complaints that not enough software houses were fully onboard with the online ...
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Brokers warned of legal action over cyber cover
Clients could sue under errors and omissions clauses
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Primary General launch new Risk Management Solution Service
RiskSTOP appointed as partner
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Liberty buys Vision
Acquisition to boost Liberty’s UK regional presence and grow product range
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Online onlyPeart buys Performance Marque
Acquisition of high value vehicle broker takes GWP to almost £4m
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DUAL poaches Lockton director
David Mercer appointed to strengthen International PI Division
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iPrism nabs former AA chief
Kevin Sinclair to become managing director of online quote facility
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Online onlyEquity acquires specialist motorcycle business
Colchester-based Bike Team poised for substantial growth
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Towergate linked to £1bn refinancing
Towergate is planning a £1bn refinancing of the business to help to fund new acquisitions, according to reports.The group is understood to be looking to arrange a to extent its borrowing facility to a figure of around £1bn through several banks. In November 2006 it raised £580m, courtesy of principal ...
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Kwik-Fit lands Masterlease contract
Multi-million deal to provide range of services across UK network
