Broker News – Page 518
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Towergate sees earnings rocket in first half
Consolidator sees premiums jump 30% to £709m
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Equity acquires Somerset broker
Equity Insurance Group has today purchased Bridgwater broker, Squibbs Insurance Consultants. It is its eighteenth regional acquisition in just 12 months.The undisclosed value deal swells the group's UK branch network to almost 80, "Well on target," says Mike Hutton, Equity's acquisition director, "to achieve an anticipated 100 branches by ...
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Dorset broker awarded chartered status
Alan and Thomas becomes first private firm to achieve CII status
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Online onlyColemont goes to Poland
Broker opens office in Warsaw as part of eastern European expansion
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Online onlyTowergate buys UK’s largest general aviation broker
Towergate Group has acquired Lloyd's broker, Hayward Aviation
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Online onlyHousehold premiums to rise in wake of floods
Two of Britain's leading insurers have said the cost of household insurance will rise as a result of catastrophic flooding
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NIG promotes Laming to Redhill’s regional manager
Laming will be responsible for managing NIG's growth and service delivery proposition
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Aon Q2 global revenue reaches £1.2bn
Firm also announces strategic options consideration for Combined Insurance Company of America
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AXA hit by protests
AXA’s investment arm was picketed by animal rights protesters this week as part of a campaign against investment in animal testing firm Huntingdon Life Sciences (HLS).AXA Investment, which manages surplus funds from the insurer’s UK business, is a major investor in the New York Stock Exchange (NYSE), where shares in ...
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Founding member of Westinsure Group to quit
A founding member of Westinsure Group is to leave the broker alliance amid claims that the group does not adequately support larger brokers. PSP Westinsure, which controls premium of £6m, will sell its 26% stake to other members by the end of 2007.PSP chairman Terry Parkins said the decision was ...
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Erinaceous loses top two directors
Two directors at Erinaceous Insurance Services are defecting to Towergate and its sister company CCV. Managing director, Andy Halstead, and director of insurance and underwriting, Nick Crocker, will take up roles at Towergate Financial Services and CCV. This development comes amid speculation that HBOS has tabled a bid for ...
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Cobra float fails to hit £10m funds target
Network’s AIM listing raises only £1m, but acquisitions continue with £7m partner loan
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Fortis targets Scotland with broker team expansion
Fortis is set to increase the size of its broker support team by 50% over the coming months in a bid to expand its agency base and grow its business in Scotland. In a reorganisation of its sales force, Fortis has created 12 districts throughout the UK, each with a ...
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Insurance women seek industry support
The Women’s Insurance Net-work (Twin) has called on the insurance industry to support the first organisation designed to support and encourage women in the sector.Twin, established by executive search firm, ejsSearch, is looking to insurers, brokers, trade associations and Lloyd’s to help tackle the issue of professional development of women ...
