Broker News – Page 544
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Pollution insurance biggest concern for airlines
Environmental pollution insurance knocks computer crime insurance into second place according to Aon’s airline risk management survey
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Oxygen and Advisen announce joint initiative
Oxygen works with Advisen to build an online benchmarking service in the UK
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Lockton legal PI business dive
Lockton’s professional indemnity (PI) business is in freefall after losing four major law firm clients to rivals in recent weeks and seeing its revenue slashed by £300,000 as a result.The broker also saw two senior people depart within the professions division last week and is getting rid of a further ...
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Cullum is staying, says Towergate
Towergate has quashed reports that its chairman Peter Cullum is set to step down, saying that Cullum is in fact set to be at the helm for at least the next two years. Marc DonFrancesco, group head of marketing, said: “Anyone who thinks that Peter is stepping down ...
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Fresh market fears over electronic reform
Senior insurance figures have raised doubts over the ability of the Lloyd’s and London market to process all new claims electronically by the end of 2007. Insurers and brokers have until the end of the year to start transacting claims through document repository, the electronic claims file (ECF), as set ...
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Airmic’s broker boost
A survey of Airmic members has found they are experiencing much improved broker transparency. According to a survey published at the association’s annual conference this week, 38% described the willingness of their brokers to disclose their remuneration as excellent, 36% as good and just 6% as poor.Airmic chairman Colin Campbell ...
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Cobra to float in move to fund acquisitions
Cobra Holdings, parent of Cobra Insurance Brokers and Cobra Network, is set to float on Aim and raise £10m for acquisition activity.Cobra will float on 29 June and two days later is expected to announce an acquisition adding £25m to its £350m premium income.Steve Burrows, Cobra’s chief executive also ...
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Sigma appoints branch manager of Bury St Edmunds
Mark Burke will provide general liability adjusting services
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Morgan to head Up Aon's Sheffield team
Aon in Sheffield has appointed Donald Morgan, formerly of Heath Lambert, as client management director
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Groupama acquires majority stake in Bollington
Groupama targets SME market with purchase of broker
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Blackstone to buy Alliant Insurance
The Blackstone Group has struck a deal to buy its first insurance broker - Alliant Insurance
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Jelf Group acquires Cheltenham broker
Aquisition-hungry Jelf Group buys a Cheltenham broker, adding £3m of general insurance premiums
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The Insurance Partnership announces new company structure
Three new departments to focus on commercial and corporate insurance and new business
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IGI plans broker expansion following online trading launch
IGI Group is preparing to expand its network of broker agencies, following the launch of its online trading platform, IGI Online.
