And also this week ...
Gresham goes under
Gresham Insurance Brokers Ltd has gone into liquidation, leaving £300,000 assets to be carved up between creditors. Sterling Life is owed £95,000, says data in Companies House. The London-based broker's liquidation is being handled by accountant Hacker Young.
CCV buys Humbergrove
Cullum Capital Ventures (CCV) has bought Hertfordshire broker Humbergrove and Humbergrove UK from brothers Kevin and Alan Oxley. The business will fold into CCV’s recently acquired broker, Just Insurance, in Hemel Hempstead, with all staff retained.
Moorhouse on hunt
Welsh broker Moorhouse is on the look-out to buy a broker of up to £5m gross written premium. Chairman Lyndon Wood said: “Now is the perfect time to make an acquisition with the new higher rate capital gains tax."
Equitable Life reprimand
Randall & Quilter Investment Holdings’ board has come out in support of non-executive director Kevin Paul McNamara after a reprimand by an accounting disciplinary body. The appeals tribunal of the Accountants’ Joint Disciplinary Scheme said McNamara lacked professional competence in 1998 and 1999 audits of Equitable Life. He was not fined, nor did the tribunal believe he should be excluded from accountancy.
Our fifth broker survey
In the coming weeks, Insurance Times will be asking brokers for their views in the fifth annual Broker Service Survey. Help us campaign for better service standards by setting benchmarks for the industry. Participants will receive a summary of the report findings and be entered into a prize draw for a luxury weekend break. Please email firstname.lastname@example.org for further details or to request the web link to the survey.