Broker News – Page 516
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News
Insurers to reassess product recall risk
The recent spate of multi-million pound product recalls from China will lead insurers to reassess how to manage the associated risks, according to industry figures. Aon associate director Mark Quinn said many customers would soon make it a contractual requirement for their suppliers to buy product recall protection, but cover ...
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SMEs face bankrutptcy over foot and mouth
Specialist underwriter Crowe Livestock has warned that the full extent of financial casualties among industries that support farming following the recent foot and mouth outbreak has yet to become clear. It said that while affected farmers and cattle owners would receive compensation from the government for animals that had been ...
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JLT targets Japanese construction
New hire to develop opportunities with Japanese business community
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NewsNU reports 40% increase in delayed baggage
Increased travel and airport bungles contribute to rise says insurer
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Select & Protect website traffic booms
Additional microsites to go live in coming months
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Smart & Cook makes 54th acquisition
Purchase of Willis’ Cumbrian Office enhances company’s regional presence
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JLT wins key motor sports contract
Rich sports experience earns JLT Motor Sports Association account
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Online onlyCall transfer technology to ease congestion
New products allows brokers to retain customers
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Protectagroup sets £70m brokerage target
Wales-based company outlines acquisition plan of three mid-size brokers
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Aon boosts classic car book with new buy-out
Aon has acquired niche broker Firebond to strengthen its position in the classic car sector. The move follows the purchase of Footman James for £80m in January. Firebond provides cover for specialist personal risks, including prestige sports and classic cars. It has 13,000 policyholders, and controls £4m of ...
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NU seeks commission cuts as profits slump
New chief executive wants cost of distribution at ‘a better level’
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Oval makes 20th acquisition
Broker Oval has made its twentieth acquisition, increasing its presence in the Midlands still further.It has purchased Martin and Pethard and its associated company, Premier.Martin and Pethard is the longest established broker in Redditch with a range of clients across various industries.Premier is a specialist broker dealing with the provision ...
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Beaumonts launches broker investment drive
Beaumonts Insurance Brokers is offering financial support to start-up brokers, after backing its first company, VCB Insurance. Yorkshire-based Beaumonts has bought shares in VCB and is providing accommodation for the company in its own offices.Martin Sykes, managing director of Beaumonts, said he welcomed other brokers wanting to break away from ...
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Ntegrity opens in Bristol with £10m brokerage aim
Start-up broker to focus on professional indemnity and plans London and North offices
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Allianz in training push
Insurer is using media information pack to promote the industry
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Towergate wins award
Towergate partnership voted UK Private Company of the Year by ACQ Finance Magazine
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THB in transport consultancy link-up
Move aims to build broker's expertise in complex casualty risks
