Broker News – Page 505
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News
Oval ramps up revenue target to £140m next year
Oval is to raise as much as another £50m to fund a major acquisition drive as it aims to more than double its revenues by the middle of next year. Chief executive Phillip Hodson said the consolidating giant was looking to raise the additional funds, which could take its war ...
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News Analysis
Insuring the twilight years
As the population of the UK ages, more insurance companies are targeting the older consumer. But are they offering a fair deal? Michael Faulkner reports
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News
Iprism signs second network
Online SME comparative quote facility Iprism has signed its second broker network 1 Answer Network two weeks after announcing its first network tie-up with UKGI.Iprism said it was currently in discussion with other potential network partners, with further announcements expected in the New Year.The deal with 1 Answer Network allows ...
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News
Chubb team to service independent brokers
Chubb has restructured its London office, creating a new broker-facing specialist team in an attempt to align itself more closely with independent brokers. The 23-person team will comprise of specialist personnel from within the company, and will service an initial panel of 80 brokers controlling premiums ranging from £5m to ...
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Online only
Shipowners face further rate hikes after surge in expensive P&I claims
Aon launches 2007 P&I Pre-renewal Report
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iprism announces second network
iprism has signed its second broker network 1 Answer Network just two weeks after announcing its first network tie-up with UKGI. ...
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News
Norwich Union to woo mid-market brokers
Norwich Union (NU) is looking to woo mid-market brokers with extra comm-issions and other support.The insurer is launching a support package for medium-sized brokers and is aiming to sign up 300 brokers to the package by the end of 2008.NU is targeting brokers that produce between £800,000 and £5m of ...
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News
Aon compliance probe
Aon Corporation has begun an internal investigation into its compliance with anti-bribery laws. The global broker said in a regulatory filing that it had appointed an external law firm to investigate its compliance with certain US and non-US anti-bribery laws, including the US Foreign Corrupt Practices Act. This followed a ...
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NewsI’m backing independents says NU’s new chief
Igal Mayer was three weeks into his post as the new chief executive of the UK’s leading insurer, Norwich Union (NU), when the summer floods wiped out half the company’s profits for the first six months of the year. “It wasn’t a case of oh s***—half your profits have gone,” ...
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News
Broker Network chief predicts takeover interest
Broker Network chief executive Grant Ellis has said that the company is likely to receive further approaches in the coming months.Ellis, who was speaking at the company’s third national conference in Cambridge, warned that prospective suitors would have to pay a considerable sum for the business, which recently completed its ...
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News
Ex-Westinsure MD sets £100m target for start-up
Start-up network the Purple Partnership is looking to reach £100m in annual premium income by 2011.The new network, set up in collaboration with former Westinsure managing director Bob Parkins and broker Jelf, is hoping to take advantage of the “mass of brokers” that are still independent.Parkins, who is managing director ...
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Angel launches new service
Underwriter introduces risk management support service for brokers
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Venture Preference acquires three brokers
Ventures Preferences boosts GWP by £25m after broker acquisitions
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Melling steps in at Marsh
New man to drive growth for Marsh’s consumer business across EMEA
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One in, more to follow?
The Purple Partnership could be the first of many more broker networks to hit the market
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Online onlyWarehouse fire shows need for businesses to re-evaluate preparedness
Inadequate or incomplete risk assessment could result in prosecution, warns Marsh
