Broker News – Page 96
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News‘Over-rewarded’ scale driving consolidation leads to broking’s ‘worst practices’
Despite the broking market being described as ‘a dangerous place now’, chief exec urges industry to ‘not let the word “consolidation” become the new dirty word’
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NewsGallagher agrees to acquire certain WTW combined operations
The newly revealed deal is part of the proposed regulatory remedy for the pending Aon-WTW merger
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NewsInsurance Times Five Star e-trading Report 2021 launching at Biba conference
Webinar will reveal etrading’s best and worst performers, according to more than 800 brokers
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NewsBrendan McCafferty departs Markerstudy’s Brightside
McCafferty originally took up the helm at the broker in August 2018, his departure was under mutual agreement
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NewsKingfisher appoints former Ardonagh finance director as CFO
Chief executive confirms that the group’s leadership team is now complete
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NewsPIB Group boosts presence in Channel Islands with latest broker buy
Broker chief executive describes the purchase as an ‘excellent addition to our family’
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NewsProperty and finance services consultancy launches insurance broker
Managing director says the firm will offer ‘choice’ amid ‘a consolidated landscape’
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NewsArdonagh Advisory plans to purchase personal medical and protection broker
The move is designed to complement Towergate Health and Protection’s existing offering
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NewsTop 50 broker buys Ryan Insurance Group
Ryan Insurance Group’s chairman will step down following the completion of the acquisition to pursue other interests
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NewsBMS predicts a record-breaking 2021 for M&A insurance
Broker believes ’M&A insurance is definitely coming of age’ as deals using this cover increased by 25% between Q4 2019 and Q4 2020
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NewsAston Lark Ireland launches amid merger completion
The broker’s launch into the Irish market marks a ’significant milestone’
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IT InterviewThere’s no strategy to current broker consolidation – Aventum’s David Bearman
Furthermore, MGAs that ‘put growth over profit don’t deserve to have underwriting capacity’, says chief executive
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NewsInsurtech sector reaches mega deals ‘record high’ in Q1 2021
The top three largest rounds were Next Insurance, Coalition and Zego
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NewsCo-op’s former underwriting business in run-off amid Markerstudy deal
Soteria Insurance has an arrangement with Markerstudy Group whereby it will administer Co-op’s car and home policies up to renewal, if bought before 3 December
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NewsGallagher appoints new regional broking director
The new hire has more than 11 years of experience in the industry
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News AnalysisPost-Covid recession and hard market drives advice-led broker opportunities
Mitigating underinsurance using risk management should be a key strategy for commercial brokers, recommends expert panel
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NewsEleanor Moore named Insurance Institute of Manchester’s president again
Moore hopes to change the way that continued professional development (CPD) is delivered post-pandemic
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NewsSpecialist insurance broker appoints new chief broking officer
The chosen candidate has worked in the insurance market for more than 20 years, including at Ark Underwriting Syndicate and Markel
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NewsPIB Group-owned Cobra Network welcomes new staffer
The new addition joins from Marsh Commercial’s Purple Partnership
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News AnalysisD&O market is ‘absolutely brutal’ and ‘in a world of pain’ as a result of hard market
However, insurers are looking to grow and are selecting some ‘quite aggressive targets’, says expert panel
