Broker News – Page 531
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News
Benfield shares fall as profits fail to hit target
Shares in Benfield Group fell sharply this week following the release of interim results that failed to meet analysts’ expectations. But the group’s new primary broking operation saw its trading losses halve on the back of business gains. Benfield’s share price plunged over 10% to ...
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News
Rein in discounts, says Highway chief
Highway Insurance chief executive Andrew Gibson has warned that market deals with brokers and premium discounts need to be reined in if the motor market is to achieve profitability. The motor specialist this week unveiled its interim results which highlighted challenging market conditions. The company saw pre-tax profits rise ...
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News
Norwich Union to take stake in broker Giles
Norwich Union (NU) is poised to take a minority stake in broker Giles Insurance in a move that will further fuel the debate over broker ownership. Sources close to the deal said the insurance giant was in advanced negotiations to buy a 7% stake in the privately owned broker. It ...
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Online onlyThe terrorism challenge
Businesses cannot be complacent over the terrorist threat warns Aon
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News AnalysisOpen GI in tech tie up
New launch provides a cost effective way for smaller brokers to compare the market
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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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News
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 ...
