Broker News – Page 551
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News
Broker numbers to grow as Lloyd's eases access
New rules cut accreditation time from two months to two weeks
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Towergate buys Scottish broker
Towergate Partnership acquires Scottish insurance broking firm, J W Group Insurance & Risk Management...
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Quote of the Week
"Any failures we identify will be viewed seriously and we will take the appropriate action, which includes prohibition from the industry as shown in this case." Jonathan Phelan, FSA head of retail enforcement, commenting on the banning of Alan Dennis Garlick.
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Has the financial lines market hit the bottom of the cycle?
Underwriter opinions are divided about how premiums in the financial institutions market will move in 2007, according to a Willis Financial Institutions (FI) Index report.Fifty-five per cent of respondents surveyed by the index predicted a reduction in rates and 45% predicted flat renewals. Insurers surveyed by Willis agreed that eventually ...
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Marsh agrees to hand over documents to attorney general
Marsh & McLennan is to hand over subpoenaed documents relating to charges it conspired with insurers to eliminate competition...
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MMA adds new services to web-based solution
MMA Insurance has added a further two commercial products to Broker2Broker, a comparative commercial website...
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Lloyd's launches electronic trading in China
Business placed in Lloyd's new reinsurance operation in China should be handled quickly and efficiently thanks to state of the art technology...
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FSCS initial levy is good news for brokers
The Financial Services Compensation Scheme has set its initial levy for 2007/08 at £94.5m...
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Guy Carp reassures clients after fac departures
Guy Carpenter has today issued a statement on the departures of Julian Samengo-Turner, Ron Whyte and Marcus Hopkins...
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News
Footman James directors lose jobs after takeover
Two directors at Footman James will be made redundant following the broker's acquisition by Aon. The shake-up could see up to six other staff also face redundancy, the broker confirmed. Commercial director Mark Crawford and IT director David Bird are to be made redundant, according to the company, which was ...
