Broker News – Page 558
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News
Jelf profits soar to £3.3m as £10m acquisition announced
Jelf Group has more than doubled its profits for the year ending 30 September 2006 to £3.3m from £1.3m.It comes as the Bristol-based broker announced the acquisition of healthcare consultancy SPS Wellbeing in a deal worth £10m. It is the sixth business to be acquired by Jelf in the past ...
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News
Alec Finch profits plunge 75% as soft market bites
The softening commercial market hit Manchester broker, Alec Finch Group, which saw profits tumble by 75% in 2006. Pre-tax profits for the year were £126,724 compared to £478,200 a year earlier. The news comes just weeks after the broker was acquired by French intermediary, Verlingue.The group blamed the slump ...
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News
Broker Academy to offer range of training
AXA and Biba team up with the Faculty of Insurance Brokers in landmark initiative
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Comments/Letters
Flashing the cash
Elliot Lane says the inflated prices being paid for brokers will deliver the customers, but won't guarantee performance
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Comments/Letters
AXA is taking control of its destiny
Grant Ellis says the gathering pace of insurers buying brokers is simply a move to protect revenue
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News
News in brief…
Swiss Re's Kyrill costsSwiss Re said Kyrill, the winter storm that ravaged Europe two weeks ago, could cost the insurance industry up to €3.5bn. However, the reinsurer highlighted that its hedging strategy had limited its expected exposure to a "modest" €140m.Market faces IT shortageThe London market is facing the prospect ...
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Online only
Takaful guidance to be published with Budget
Ed Balls annonunces plans to make the UK the global centre of choice for Islamic finance...
