Broker News – Page 515
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Online onlyNew kid on the block
The Purple Partnership is showing that there is a market for new networks
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Credit crunch fears hit broker confidence
9 in 10 institutions polled expect financial conditions to worsen
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Hundreds of brokers face FSA closure threat
As deadline looms for discounting goodwill from balance sheets, FSA prepares to act
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Groupama loses key manager
Groupama UK business development manager Derek Findlayson is to join Ignition NBS, the AXA-owned marketing consultancy.Findlayson, who joined Groupama in 2005, will be sales and distribution director at Ignition.Groupama distribution and customer service director Cathie Bruce said the insurer had yet to decide whether Findlayson would be replaced.Ignition chief executive ...
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Towergate to begin £1bn refinancing operation
Towergate is to undego a refinancing operation that could see the company’s ex-isting debts consolidated into a package worth over £1bn.It will be the third time the company has refinanced since the merger of Towergate Underwriting and Folgate in November 2005, and follows comments made by group chief executive Andy ...
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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
