Broker News – Page 512
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News
Engineering rate rise
?Allianz Engineering is calling for broker support as it increases rates. Following sustained reductions over the past few years due in large part to heavy competition, Allianz, which has a third of the engineering market share, said it was looking to raise rates by a minimum of 5%.Neil Clutterbuck, director ...
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NewsAA/Saga merger threatens 2,000 jobs
?The £6bn merger of over-50s insurer Saga and the AA will lead to more than 2,000 job losses, the GMB union has warned. The warnings came amid fierce speculation about how the merger, which completed this week, would affect insurers’ trading relationships with the two companies. GMB national officer Paul ...
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Online onlyMobiles put drivers at risk
Using a mobile while driving is as dangerous as drink driving
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Evolution expands business development team
Former MSL employee to oversee Wales and Southwest markets
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Online onlyInsurers need to improve on climate change
Andrew Holt finds that some insurers have been slow to act on developing climate change strategies
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News
THB strengthens Motor Fleet team
Specialist broker THB has strengthened its London Market capabilities with the appointment of Perry Lyons to the role of Motor Fleet Broker. Perry joins THB from Lloyd’s broker Houlder Insurance Services and will have responsibility for maintaining and developing the motor fleet account.THB Director Darren Nightingale, who heads the ...
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Equity makes Northern Ireland buy
Martin Sheehy buys takes Equity to 20 branches in Northern Ireland
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Online onlyThe saga continues
The impact on the insurance industry of the Saga/AA deal is still unclear
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Broker Network see year end profits double
Network plans to expand signficantly over the next eight years.
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JLT power expert to join Aon
Recruitment boosts Aon's push to develop UK and Americas market
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News
Benfield shares fall as profits fail to hit target
Shares in Benfield Group fell sharply this week following the release of interim results that failed to meet analysts’ expectations. But the group’s new primary broking operation saw its trading losses halve on the back of business gains. Benfield’s share price plunged over 10% to ...
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News
Rein in discounts, says Highway chief
Highway Insurance chief executive Andrew Gibson has warned that market deals with brokers and premium discounts need to be reined in if the motor market is to achieve profitability. The motor specialist this week unveiled its interim results which highlighted challenging market conditions. The company saw pre-tax profits rise ...
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News
Norwich Union to take stake in broker Giles
Norwich Union (NU) is poised to take a minority stake in broker Giles Insurance in a move that will further fuel the debate over broker ownership. Sources close to the deal said the insurance giant was in advanced negotiations to buy a 7% stake in the privately owned broker. It ...
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Online onlyThe terrorism challenge
Businesses cannot be complacent over the terrorist threat warns Aon
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News AnalysisOpen GI in tech tie up
New launch provides a cost effective way for smaller brokers to compare the market
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