Broker News – Page 499
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MMC boss Cherkasky to go following 'shareholder concerns'
Search underway for new chief executive
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IIB to continue its "fight for justice"
Government's decision to not amend legislation deemed unfair to brokers is being called outrageous
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Online onlyUpgraded rating will increase business, says R&SA
Insurer set to increase penetration in top-end property market
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Online onlyWillis clinches top spot in China
China Insurance Regulatory Commission (CIRC) assigns Willis 5-Star rating in quality review
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Online onlyThe fight isn’t over
Smaller brokers are continuing the battle against the FSA over commission disclosure
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Brokerbility lobbies over mandatory disclosure
Independent broker group Brokerbility is lobbying the government and MPs as its begins a campaign against mandatory commission disclosure. The group, consisting of 22 independent brokers around the country, is urging more brokers to join its fight against hard disclosure and is building up a ‘fighting fund’ to support its ...
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Senior team exodus continues at Erinaceous
Erinaceous Insurance Services (EIS) has lost another member of its senior team with the departure of business development director, Andy Poole.Poole will leave the troubled property services group on 31 December to take up a senior post at broker Miles Smith in its direct schemes and affinity business.Miles Smith chief ...
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JLT underwriting move
Jardine Lloyd Thompson (JLT) has created an independent underwriting division as part of a major global initiative to grow the group’s business.Thistle Underwriting will be led by former Dual Underwriting chief executive, James Gerry.The result of a 12-month strategic review, Thistle will commence trading early next year.JLT chief executive Dominic ...
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Contract uncertainty hits Leo shares
Shares in property insurance specialist Leo Insurance Services fell 6% as the company announced that one of its business units was likely to lose a major client.The listed property insurance specialist said its subsidiary, Grafton Insurance Services, was expecting to lose a long-term contract worth over a quarter of Grafton’s ...
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CBG to buy niche sports firm for HNW links
Broker CBG is set to acquire sports specialist PenMc in a bid to expand its high net worth (HNW) business.The acquisitive broker said it had agreed the terms of a recommended share offer for PenMc which values the company at £186,000.CBG said the acquisition would provide business opportunities for its ...
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Oval restructures London broking divisions
Acquisitive broker forms new retail broking team
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Willis challenge to broker networks
Willis is set for an aggressive drive to grow its network in the New Year, according its UK and Ireland chief executive, Brendan McManus.In his first interview since taking over the helm at the broking giant, McManus said Willis was looking to target disenchanted members of other networks as part ...
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Benfield shares dip after year-end profit warning
Expected problems in 2008 lead to creation of £300m debt facility
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