Latest News – Page 2020
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Comments/Letters
Cheque book frenzy
John Jackson says the buying and selling of brokers has reached fever pitch, but it's good for business
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News
FSA demands better cold calling practices
The FSA has warned brokers and insurers to improve cold calling sales practices when selling general insurance over the telephone. Following a review, the regulator said many customers were not being treated fairly by companies, which put pressure on them to buy and exaggerated the benefits of products. Particular ...
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News
R&SA in affinity drive
Royal & SunAlliance (R&SA) has formed a new executive affinity team in order to grow the business by 50% within four years.Three new roles – sales director, relationship director and commercial director – have been created in a bid to hit £600m in premium by 2010. These positions will ...
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News
No cash for terror victims
The insurance industry will not be forced to set up a compensation fund for British victims of terrorist attacks abroad.There had been fears that the Victims of Overseas Terror Bill would require insurers to contribute to a pooling arran-gement similar to property reinsurance vehicle Pool Re. But following a recent ...
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Archive
Higos announces West Country expansion
Higos insurance services, of Wells, have bought Mike Deverell insurance services, also based in Somerset. Managing director Mike Deverell commented: “I am pleased we have secured the continuity of service and products by joining Higos. Their high standard of customer care was a primary reason for my decision to join ...
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News
Swinton extends acquisition drive as profits grow
Personal lines giant Swinton is looking to follow its purchase of commercial broker Vectis Insurance as early as this month, according to its chief executive Patrick Smith.Swinton acquired Isle of Wight-based Vectis last week. "There are a couple we have our eye on and we may be purchasing in the ...
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News
Protectagroup to float after expansion plan
Welsh broker Protectagroup is set to float on the London Stock Exchange after completing an aggressive acquisition drive which will more than quadruple its size.The personal lines broker intends to proceed with an initial public offering (IPO) by 2011 through a main market flotation, which may include the yet to ...
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News
Chubb appoints personal insurance head
Chubb has appointed Paul Chapman as head of personal insurance, following a restructure of its personal lines division. The appointment is the final phase of the overhaul, which will increase the company's regional presence. All underwriting will remain in London.The new role will see Chap-man, former worldwide underwriting manager for ...
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Online only
Jelf strengthens position across Thames Valley
Jelf reaches tenth acquisition in 12 months with Aldershot broker purchase
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Online only
Aon calls for better employee safety management
Aon has called for the oil industry to implement crisis management plans and other measures to help prevent kidnapping as the number of foreigners kidnapped in Nigeria is on the rise. According to Aon, while the number of global kidnappings has dipped slightly, incidents are on the increase in Nigeria ...
