Broker News – Page 527
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FSA bans insurance broker
Richard Wolf of Rotheville Insurance Brokers left clients uninsured
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Ex-Sirius director joins Open GI
Appointment to focus on development of commercial lines products
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Tyser MBO will 'secure its independence'
Partners reduce share ownership as employees gain greater stake
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Bridge joins Brokers Link
Broker becomes sole UK representative of global insurance partnership
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News
Giles: consolidator growth could spell end of MGAs
Giles Insurance chief executive Chris Giles has warned that managing general agents (MGA) face a difficult future as their markets disappear, with the growth of the consolidators. His comments came as he admitted that Giles Insurance would be ending its trading relationship with underwriting agencies Primary General and Fusion. The ...
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News
CBG eyes regions after London buy
Manchester broker CBG is looking to expand into other UK regions after completing its first acquisition outside the North West.CBG paid £2.71m in cash and shares for Marcus Hearn & Co, the trading subsidiary of the Marcus Hearn Group of Companies, based in Shoreditch, London.Marcus Hearn, which offers specialist insurance ...
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News
Four commission models put to brokers by FSA
Brokers have been asked to consider four potential commission disclosure models under the FSA’s review. Reports last week suggested that brokers had been asked to provide feedback on three models for mandatory commission disclosure. These include disclosure of full remuneration to client and insurer. But it emerged this week that ...
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News
Insurers slam broker commission add-ons
Senior insurers have reacted angrily this week over national broker moves to charge additional commissions.The backlash follows the new remuneration models introduced by Marsh and Willis. They are planning to introduce a 2.5% commission on certain business lines. Aon has been doing this for some time. Some insurers are unhappy ...
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News
Marsh chief hits out at inefficient industry
Marsh UK chief executive, Martin South has called for the insurance industry to build stronger bridges between intermediaries and underwriters, in order to capitalise on emerging risks. Speaking at Lloyd’s, South said that until the industry addressed its lack of efficiency, it could not prosper. He said: “We have ...
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News
BJP to target SME and personal lines growth
Berkshire-based BJP Insurance Brokers is looking to expand in the SME and personal lines markets following a string of recruitments.BJP has recruited three members to its sales team to target more SME business, and hired a personal lines manager to increase its non-commercial clients.The independent broker currently specialises in commercial ...
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News Analysis
Commissions rise divides market
The new commission model announced by Marsh and Willis has reignited the debate on broker remuneration. James Dean reports
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News
Towergate planning swoop on Allen & Allen
Towergate is understood to be in discussions to buy motor specialist broker Allen & Allen. It is believed that the discussions for the acquisition of the Middlesex-based broker are at an early stage. The group, which specialises in non-standard motor insurance, has an annual premium income of more than ...
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Online onlyABI blasts government over flood defence spending
Association says government has failed to grasp importance of improving Britian's flood defence
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