Broker News – Page 547
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News
Brokers back new 'microcaptive' product
JLT and HSBC are set to join Smart & Cook and Giles Insurance in selling a new captive product, backed by City financier Sir Mark Weinberg.Synergy MicroCaptive, launched this week, is aimed at medium-sized companies, spending less than £1m on insurance cover. It adapts the captive concept used by larger ...
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News
CII defends charter move
Biba and the CII have defended the CII's new charter status for brokers.The CII announced last week plans to offer broking firms chartered status, which it claimed would raise professional standards in the insur-ance industry (News, 10 May). But critics said the move was a way for the CII to ...
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Features
How much is your broker firm really worth?
Thursday 24 MaySeminar Session 3Stream 1Andy Halstead, chief executive, Erinaceous ServicesGrant Ellis, chief executive, Broker Network Kieran Marsh, chief executive, Marsh Corporate ConsultingTake two very similar brokers, both have the same GWP, both have similar structures, both employ the same number of employees. But one will be valued significantly higher ...
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Xbroker changes broker quote system
Xbroker, from Moorhouse Group, plans to add retail to its product portfolio and reengineer the system to better suit brokers' needs. The new retail product, which will be rolled out by the end of the month, will be underwritten by NIG and Zurich. Additionally the Xbroker system now includes the ...
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Oslo Marine opens London representative office
Russian-based insurance and leasing specialists Oslo Marine expands to the UK
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Miller boosts reinsurance team
Glyn Hall has joined Miller as director of its reinsurance team. Hall joins from JLT Re.James Geffen, board director at Miller commented: "We are delighted to welcome Glyn to our growing reinsurance team. Glyn's breadth of expertise in sectors such as retrocession, onshore energy and construction and engineering for both ...
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Brokers may need authorisation, warns DAS
Brokers who refer personal injury claims to local solicitors must now be authorised by the Ministry of Justice (formerly the Department of Constitutional Affairs), according to DAS. From 23 April it became an offence to offer claims management services without prior authorisation, exemption or waiver. Those found operating without ...
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Features
Top insurance brokers: Wales
Insurance Times, brought together the Welsh broking elite to reward the region's best brokers
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News
UKGI members to double to 500 in 12 months
Broker support network UKGI is aiming to double its membership to 500 within the next 12 months.The move comes amid heightened interest in network membership from brokers.Mike Williams, UKGI's former operations director, will replace Shaun Godfrey as managing director of UKGI. Williams told Insurance Times that UKGI aimed to capture ...
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News
FSA warns Scottish brokers over trusts
FSA urges brokers to take legal advise over legality of non-statutory trust accounts
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News
Aviation broker targets expansion
Lloyd's broker Norman Butcher & Jones (NBJ) is seeking to hire teams to expand its business beyond its core aviation practice. The Lloyd's broker said it was now looking to target all lines of business including wholesale and reinsurance. The news came as the NBJ Group reported profits for 2006 ...
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Cooper Gay says Sonae financing will fuel acquisitions
Cooper Gay is expected to expand its presence in the UK market, with further acquisitions likely, following investment from Sonae SGPS. SC Insurance and Risk Services SGPS, SA, a subsidiary of Portuguese investor Sonae SGPS, has agreed to acquire 14% of Cooper Gay, with an option to increase its ...
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New UK and Ireland manager joins Chubb from AIG
Chubb names Woolard as regional manager of Chubb Specialty
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Willis named 'Global Superstar'
Willis has been named in the Forbes Magazine list of Global Superstars. Starting with the Forbes Global 2,000 – the largest companies in the world based on a composite ranking of sales, profits, assets and market value – the magazine compared each company to its industry peers along several ...
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LawShield UK launch identity fraud protection
LawShield UK have launched a niche identity fraud protection policy...
