Broker
Brightside targets £17m technology acquisitions
Brightside is clearing the way for a £17m deal to acquire E-Systems and e-development, according at the group.
Groupama aims to improve solvency ratio with asset sale
Speculation is mounting that regulatory pressure in France has led Groupama to attempt to raise close to €1bn through the sale of its GAN Assurances unit.
Towergate reveals £35.4m losses
Towergate has announced Q3 pre-tax losses worsened to £14.0m from £7.7m at this time last year, with year-to-date loses hitting £35.4m from £14.1m for this time in 2010.
Penny Black’s insurance week
Penny was delighted to be among the industry grandees for the prestigious 60th birthday bash of high net worth insurer Sterling last week, taking in the atmosphere at London’s fancy Café de Paris.
Igo4 and Markerstudy to deliver direct brands
Igo4 has secured a partnership deal with Markerstudy to deliver direct brands Zenith Insurance and Zenith Insurance Plus, set to go live today (24 November).
Ten targets directly regulated brokers
Bosses from Ten Insurance have revealed proposals to begin forging relationships with directly regulated brokers, following a year in which record profits were recorded by the broking network.
Murphy assures staff THB takeover was not executed for efficiencies
THB chief executive Frank Murphy has promised employees at the Lloyd’s and London market broker there will be no similarities between his firm’s multi-million pound takeover by AmWINS and that of the Gallagher buyout of Heath Lambert.
UK General ready for Acturis-backed commercial push
UK General will set out to win back substantial broker business following the launch of the firm’s commercial offering, supported by Acturis and a new e-trader platform.
Investing in the Profession: Marsh first Manx broker to gain certification
The Isle of Man arm of Marsh has become the first Manx broker to achieve chartered status.
Perkins Slade rings the changes
Despite a relatively quiet quarter for broker recruitment, Perkins Slade named three new directors this week. The intermediary was not the only firm making changes, with Jelf and Willis also naming new starters. Among insurers I was a bust seven days for…
Marine - Post-IUMI: High seas scrutiny
The recent International Union of Marine Insurance conference underlined the escalating piracy problem and tasked underwriters with delivering a cargo-specific solution.
Post Intelligence Benchmarking - Loss adjuster insight: Hitting the bullseye?
Insurance 360 takes another look at the performance of loss adjusting firms to reveal who is performing well and who needs to raise their game.
Willis Networks awarded CII title
Willis Networks has been awarded the CII’s Chartered Insurance Brokers title.
Lloyd's insurer Brit appoints Evercore to sell £150m UK arm
Dutch insurance group Brit is looking to close the first round bidding process for its UK retail arm this week, Postonline has learnt.
Post magazine – 24 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Oval declares 'business as usual' following Moyes departure
Oval executive director of operations Jeff Herdman has told Post it is “business as usual” following the resignation of former corporate business managing director Terry Moyes.
Aviva plays down speculation on Irish branch closure
Aviva bosses have attempted to pour cold water on widespread speculation that the insurer is to shut down its entire Irish network of 26 branches by next summer.
Catlin and China Re deal predicted to be catalyst for Lloyd’s investment – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including how industry experts believe the landmark partnership between Catlin and China Re will be a catalyst for a boom in Lloyd’s investment from insurers in emerging…
Allianz wins Endsleigh underwriting deal
Allianz Retail has secured a deal with Endsleigh to underwrite the insurance for its new gadget cover which targets graduates who have recently left student accommodation.
Moyes chooses Momentum for start-up
Terry Moyes, who quit Oval to start his own broker business, has signed up with the Momentum network, run by former Oval boss Howard Pepper.
Express secures KTM’s first cover deal
Express Insurance has clinched the first ever insurance tie-up by Austrian motorcycle manufacturer KTM and will run a subsidised policy underwritten by Groupama for new bikers.
Escape of water claims hit £2m daily
According to Cadogan Keelan Westall a quarter of claims made on flats are for damage caused by escape of water.
Miles Smith expands with two buys
Lloyd’s broker Miles Smith has bought wholesaler motor fleet specialist Parker Norfolk and the UK operations of RL Davison.
Keelan Westall grows business by 45%
Broker Keelan Westall has announced that new business income has risen by more than 45% in the past year, with the number of quotations reaching record breaking levels in the past two months alone.