Broker News – Page 513
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ABC Insurance launches private car product
ABC Insurance, the LV= Group insurance business serving UK brokers, has launched a private car insurance policy.
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Online onlyAllianz boosts electronic trading capabilities
Long-term deal signed with business integration provider, Kewill
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Junction appoints affinity MD
Former HBOS partnership managing director to start in January
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Online onlyCII signs flagship deal with Towergate
Consolidator becomes largest independent broker to gain Chartered status
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Highway interims boosted by strong investment returns
Profits rise 60% despite underwriting loss
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FeaturesClear for take-off
Perry Wilson tells Andrew Holt how he put InsureandGo on the travel map by introducing sensible additions and some attention-grabbing ideas
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Comments/LettersWhere size doesn't matter
Grant Ellis says the new SME direct campaigns are aimed at too small a market to worry brokers
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News
Heath Lambert hires key staff for FSJ division
?Heath Lambert has boosted its wholesale division, FSJ, with seven new appointments, including a divisional director. The broker said the appointments, which included former Lowndes Lambert managing director Martin Wildridge, were key to the expansion of the division.The division “was forging ahead and winning important business for the group”, it ...
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We'll break even by year end, says Oxygen chief
Start-up losses worsen, but Robertson Taylor acquisition will boost premium income
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News
Cooper nets CRS terror teams
Cooper Gay Group has acquired the reinsurance and terrorism broking teams of CRS Group. The teams transferred to Cooper Gay’s Lloyd’s broker, Cooper Gay & Co, on 1 September. It is the first major acquisition made by the group since SC Insurance and Risk Services, a subsidiary of Portuguese corporation ...
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Allianz claims switch puts 37 jobs at risk
?Allianz will soon be consolidating its claims divisions in a move that could cut up to 37 jobs.The company is reorgan-ising its claims divisions based on specialisation and will be closing its Leeds and Glasgow offices.Commercial property claims will handled in Birmingham, with motor and personal injury claims looked after ...
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RBS to allow brand on aggregator site
At least one of Royal Bank of Scotland’s (RBS) insurance brands is expected to appear on Tesco’s forthcoming aggregator site. The move by RBS to allow an insurance brand to participate in a price comparison site would represent a U-turn by the banking giant, which has taken an anti-aggregator stance. ...
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News
AXA ties up two more broker acquisitions
AXA’s broking division, Venture Preference, has made two acquisitions as it closes in on its target of £500m SME commercial premium. The company has acquired two commercial brokers, the Davis Group and Smith Grayburn Young (SGY) Insurance Services. Davis specialises in transport insurance, and controls £37m in premium. The value ...
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News
Protectagroup buys Hodge
?Protectagroup has taken a significant step toward its £25m brokerage target by the end of next year with the acquisition of Hodge Insurance Brokers.Hodge has a brokerage of £1.86m and controls £9m in premium, and is the first of three major acquisitions planned by Protectagroup. Protectagroup chief executive, Paul Ragan, ...
