Broker News – Page 552
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AXA buys Smart & Cook
AXA is understood to have bought Smart & Cook in a deal thought to be worth £170m. Although neither company would comment, market sources said senior staff at the Harrogate-based broker had been told of the sale. Other senior insurance executives also said that the deal had been agreed.The purchase, ...
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Biba launches crisis control scheme
Biba, in partnership with ISS Damage Control, has launched…
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Aon Re launches facultative group
Aon Re announces creation of new facultative reinsurance group...
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Ecclesiastical relocates Birmingham office
Ecclesiastical’s Birmingham underwriting office moves to more central location…
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Swinton adopts Acturis Broking Platform
New system applies “personal lines” business model to commercial insurance…
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New appointments to Beazley's UK specialty PI team
Recruits two professionals and re-establishes PI box at Lloyd's...
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Willis accelerates $400m share buyback
Willis has entered an accelerated share repurchase for an intial purchase price of $400m...
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News
Change to legal status of broker and insurer
The Law Commission has proposed a radical change in the contractual relationship between insurers and brokers. In its third issues paper, part of a wider review of insurance contract law, the commission has proposed a rewrite of agency law.As a result, where a broker acts negligently in obtaining pre-contract information, ...
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News
Only 40 seek claims authorization
Only 40 brokers have applied for authorisation under the new claims management company regulations due to come into force next month, Insurance Times has learned. Under the rules, brokers that procure 25 or more claims each quarter will have to comply with Department for Constitutional Affairs (DCA) standards from 23 ...
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Heath Lambert launches trade associations scheme
Heath Lambert Group has launched a new scheme designed for trade associations and their members...
