Broker News – Page 532
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News
Allianz claims switch puts 37 jobs at risk
?Allianz will soon be consolidating its claims divisions in a move that could cut up to 37 jobs.The company is reorgan-ising its claims divisions based on specialisation and will be closing its Leeds and Glasgow offices.Commercial property claims will handled in Birmingham, with motor and personal injury claims looked after ...
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News
RBS to allow brand on aggregator site
At least one of Royal Bank of Scotland’s (RBS) insurance brands is expected to appear on Tesco’s forthcoming aggregator site. The move by RBS to allow an insurance brand to participate in a price comparison site would represent a U-turn by the banking giant, which has taken an anti-aggregator stance. ...
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News
AXA ties up two more broker acquisitions
AXA’s broking division, Venture Preference, has made two acquisitions as it closes in on its target of £500m SME commercial premium. The company has acquired two commercial brokers, the Davis Group and Smith Grayburn Young (SGY) Insurance Services. Davis specialises in transport insurance, and controls £37m in premium. The value ...
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News
Protectagroup buys Hodge
?Protectagroup has taken a significant step toward its £25m brokerage target by the end of next year with the acquisition of Hodge Insurance Brokers.Hodge has a brokerage of £1.86m and controls £9m in premium, and is the first of three major acquisitions planned by Protectagroup. Protectagroup chief executive, Paul Ragan, ...
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Online only
Broker Network makes 20th acquisition
Swindon based commercial broker Sullivan Garrett to join BNIB
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Online only
Proctectagroup acquires Hodge Insurance Brokers
General insurance subsidiary of Julian Hodge Bank adds £9m premium
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Online onlyGroupama acquires majority stake in Lark Group
£75m of premium to come under Insurer's control
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Online only
Over 20% of brokers may be sold in next three years
Mergers will lead to unfair competition, IIB survey shows
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Online only
Top bosses get 37% pay rise
The salaries of UK chief executives rocketed by 37% last year as they were rewarded with huge increases in their basic salaries.A survey by the Guardian newspaper revealed that the increases take the average pay of a chief executive to £2,875,000, amounting to 11 times the increase in average earnings, ...
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NewsHSBC Insurance Brokers to overhaul business
Bank plans to double insurance profits by targeting commercial clients
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News
Aon targets public sector growth with Scottish team
Three appointments to enhance public sector and commercial property business offering
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Comments/LettersPiling in to sell it cheap
John Jackson says aggregator sites won’t appeal to discerning insurance buyers
