Broker News – Page 537
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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 ...
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Acturis seeks acquisitions
Software house Acturis is to begin making acquisitions and is looking to grow internationally. The company, which is currently focused on the UK insurance sector, is also looking to widen its target industries. Chief executive Theo Duchen told Insurance Times: “We are looking at acquisitions at the moment. We are ...
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IGI shelves London property business
Jobs lost and London office closed as insurer withdraws from commercial let property
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Worsening market conditions to hit H2 figures, warns JLT chief
Pre-tax profits soar 63% in first half
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Jelf buys key local competitor
Broker strengthens presence in South West with purchase of Lampier
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Online onlySpitzer in the dock
New York governor in the spotlight for allegations of discrediting rival
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Holman's pushes for greater efficiency
Lloyd's broker creates new division to handle binding authority business
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Cobra snaps up broker
UK broking group strengthens its operations following AIM flotation
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Oval appoints former Gartmore chief as non-exec
Andrew Brown to chair broker's risk, audit and compliance committee
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Open International reports profit of £18.6m
Results give it the lead in software house profitability
