Latest News – Page 1927
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Online only
Private equity firm buys Cunningham Lindsey
Stone Point acquire majority stake in loss adjusting group
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Online only
Call Connection Achieves Investors in People Standard
Ipswich based insurance industry call aggregator commended for commitment to staff
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Brokers launch high net worth partnership
Smith Ross Shane & Co and Greenfield Risk Services haved merged to create a specialist broker
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News
MPs look to force U-turn on pleural plaques ruling
Pressure is growing in Westminster for the government to overturn the House of Lords’ ruling on pleural plaques. There were also calls for insurers to contribute to a pool to compensate victims of the condition. Thirty-five MPs are supporting a parliamentary motion calling for legislation to ensure sufferers of pleural ...
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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
Ten looks to Northern Ireland
Ten Insurance, the fast-growing network for start-up brokers, is targeting businesses in Northern Ireland following its expansion into Wales. The Buckinghamshire-based network, which has members from around the UK, recently added its first appointed representative in South Wales.Kedric Rhodes, Ten director, said the network was now hoping to attract businesses ...
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Comments/Letters
Letters
Website database checkIt was pleasing to read the commendation of askmid.com from Roy Rodger (Letters, 25 October). Undoubtedly this website will assist everyone in ensuring that their own vehicles are appearing correctly on the motor insurance database (MID). This is becoming increasingly important as the enforcement authorities are, in practice, ...
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Features
The SFO has its day
After years of hard work, the SFO achieved a significant boost with the Independent convictions. Ellen Bennett sums up the case
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Comments/Letters
Stop insuring Burma and help democracy
Mark Farmaner, says pulling cover will speed the collapse of the military
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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
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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Backchat
Ruff time of the year
Pet owners beware. Guy Fawkes Night could lead to expensive sessions with the dog whisperer.Recent research claims that the sounds and smells of fireworks can leave dogs and cats traumatised.The cost of treating our forlorn furry friends following a fireworks show reached £1.6m last year, according to Sainbury’s Bank.Although the ...
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News
Web news
DAS welcomes BTE reportDAS welcomed an indepen-dent report on the before-the-event (BTE) legal expenses market commissioned by the Ministry of Justice. The legal expenses insurer said it particularly welcomed the government's endorsement of the role BTE played in delivering access to justice. First published 26 OctoberEndsleigh deal for IprismIprism, the ...
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News
Financial news
Record Budget profitThe BGL Group (formerly the Budget Group of Companies) announced another set of record profits and substantial growth for its financial year July 2006 to June 2007. The group delivered a pre-tax profit of £43m, up 93% on the previous year, which had also been a record performance. ...
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Backchat
Cowed into a long career
It seems some people are just made for the insurance industry. It emerged last week that a certain public relations executive from Royal & SunAlliance had a road mishap during his youth that found him and his vehicle upside down in the middle of a farmer’s field.The fact that no ...
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Backchat
CII site makes insurance sexy
The CII’s efforts to encourage bright young things into the insurance industry received a boost this week from The Times. In a supplement on careers in financial services, it described the CII’s insurance careers website as “an excellent website that makes insurance look like the most interesting career on the ...
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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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Backchat
More tricks, less treats
Did you open your door to trick or treaters this Hallowe’en?According to Norwich Union, insurers could be hit with a flood of claims caused by Hallowe’en tricksters.Home insurance claims go up by 150% compared to an average day, and car insurance claims double due to pranksters that take trick or ...
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Backchat
Wouldn’t wannabe with Winehouse
Insurance for the up-coming Spice Girls world tour is current-ly being brokered on the Lloyd’s trading floors, prompting numerous discussions as to which is the best… song. But although the Spice Girls may be insurable, what of the husky-voiced Amy Winehouse and her novel approach to time management?“Haha! Good voice ...
