All Insurance Times articles in Issue 01-11-2007 – Page 2
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NewsWhy would a consolidator want a broker network?
As rumours grow about the possible sale of the Broker Network to a consolidator, Danny Walkinshaw assesses the potential value of such an acquisition
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News
FSA shuts broker for failing to submit returns
The FSA has shut down Sharp Insurance Services for failing to submit its regulatory returns.The regulator said in a final notice that Sharp’s permission to carry on regulated activities had been withdrawn. Newbury-based Sharp had failed to conduct its business in compliance with proper standards. It had also failed to ...
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News
News in brief
Capita and QuestGates panel winCapita Insurance Services and Questgates have been appointed to carry out road traffic accident (RTA) investigation work for RBS Insurance, following a review of its motor claims service providers. The review has created a panel of seven providers, covering areas such as surveillance, theft and RTA ...
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News
Big consolidators pricing out small brokers seeking to buy
Essex broker RG Ford has hit out at the major consolidators, claiming their spending power is preventing medium-sized brokers from making acquisitions.RG Ford managing director Giles Ford said the big money paid by large groups, such as Towergate and Oval, was pricing them out of the market.He said: “What we ...
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News
Stakeholder objection blocks JLT’s First City bid
Jardine Lloyd Thompson (JLT) has been unsuccessful in its bid to buy independent Lloyd’s broker First City.The companies have been in talks, but it is understood that a deal could not be struck because a major stakeholder objected to the takeover.Senior sources confirmed that the companies had met, but talks ...
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AXA lobbies MPs over flooding concerns
Minister hints that government could increase flood defence spending
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News
Insurers counter lure of authorities’ mutuals
Insurance companies are understood to be offering special deals to public and fire authorities to discourage them from joining recently-launched mutual insurance schemes. A mutual scheme was launched last month for fire and rescue authorities. It is expected to collect £4m in premiums in the first year. A mutual for ...
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News
Indie three consider appeal against jail terms
Serious Fraud Office moves to seek confiscation of assets
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News
VP passes £500m GWP
AXA’s insurance broking arm Venture Preference (VP) surpassed the £500m premium income mark with the acquisition of the Health Insurance Group (THIG).THIG, which was purchased for an undisclosed sum, is an independent UK private medical intermediary generating £45m of gross premium income.The purchase propels Venture Preference into the private medical ...
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R&SA and Munich Re to lead 2012 Olympic cover
Royal & SunAlliance and Munich Re will be the lead insurers for the London 2012 Olympic Games, the Olympic Delivery Authority (ODA) announced this week. The two insurers will provide half of the project-wide construction insurance and just over half the primary third party liability cover.The remaining cover will be ...
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Biba launches Islamic committee to aid brokers
First Islamic insurance company set to write business in 2008
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News
Web news
Crawford & Co to moveCrawford & Company UK is to relocate within Cardiff. The loss adjuster said the new, larger office reflected expansion across various business lines. First published, 25 OctoberCatlin’s Burrows to retireCatlin underwriting director Tim Burrows will retire at the end of the year. He will become a ...
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