Top 250 brokers
The top 250 independent insurance brokers controlled 50% of the sector in 2003, claimed Cornell Consulting in its 250 Commercial Provincial Brokers list.
Top 250 brokersThe top 250 independent insurance brokers controlled 50% of the sector in 2003, claimed Cornell Consulting in its 250 Commercial Provincial Brokers list.The list revealed that the top 250 companies controlled £5bn of premium income at the end of 2003, compared with £3.7bn at the beginning of the year, an increase of 35%. Cornell Consulting said a broker would now need to have a general insurance commission/fee income of above £1.1m to make the list.
CMGL contractThe Claims Management Group Ltd (CMGL) has won a contract as run-off manager for Australian-based New Cap Reinsurance Corpor-ation (NCRA).
MMA applicationsMore than 100 brokers have applied for MMA agencies following the launch of its strategic partnership with the Misys Countrywide network, said the software company.
Aviva outsourcingAviva has signed an outsourcing deal with IT services provider Tata Consultancy Services (TCS), only a week after a deal was announced with Indian software company Wipro technologies. Under a long-term agreement, TCS will provide Aviva with IT solutions and consulting services from its UK operations, with offshore support from its service delivery centre in Bangalore, India.
Compliance helpChartered accountant Littlejohn Frazer has produced the first edition of a publication offering compliance advice to brokers.It said further editions of Compliance Countdown would be published regularly to give brokers advice on how to meet the FSA's regulatory requirements in the easiest way possible.
Property extensionIntermediary-only insurer MMA Insurance is to extend the locations in which it insures commercial properties. It said the move would make its products available to a wider market.Commercial manager Ian Page said: "We are now in a position to insure properties located in what previously may have been seen as less favourable areas. Rather than simply avoiding high-risk city centres, we have looked carefully at the data we have and taken a more flexible approach."