Ardonagh Group
Disappointment over 10% increase in FSA funding
The insurance market has expressed disappointment at a 10% increase in the Financial Services Authority's funding requirements during 2011/2012.
Towergate names new sales director
Towergate has appointed David Scutt as sales director for the South west region.
Court dismisses Towergate application
A high court judge has dismissed an application from Towergate Underwriting for a pre-action disclosure against Lorica Insurance Brokers and ordered it to pay costs amounting to £17 000.
Aviva gears up for telematics return as motor rates rise
Aviva has mooted reintroducing telematics technology for private cars during 2011, according to UK chief executive Mark Hodges.
CCV acquires niche motor broker
Cullum Capital Ventures has acquired Hanbury Insurance, a personal and commercial lines broker in South Wales specialising in taxi insurance.
Broker focus – private equity: the start of a broader movement?
2011 has already seen one major broking private equity deal involving Towergate. Rachel Gordon assesses whether this is likely to be a one off, or the start of a broader movement within the intermediary market.
Keelan Westall sets £1m target for online launch
Barbon-owned wholesale property broker Keelan Westall is planning to launch an online trading platform in a bid to make transactions with its partners more efficient.
Interview - Paul Evans: Axa's split decision
CEO Paul Evans didn't hang about when it came to splitting Axa UK's personal and commercial businesses - and now he's promising brokers great service, products and relationships, as Jonathan Swift discovers.
Directors' & Officers': A market hampered by soft rates and over capacity?
The number of insurers looking to grab a piece of the SME directors' & officers' market shows no sign of slowing. Amy Ellis reports on the attraction of a market still hampered by soft rates and over-capacity.
Cullum backing bodes well for industry
I was personally delighted to see the news that Towergate Partnership has completed its refinancing and secured the investment from Advent International.
Video interview: Peter Cullum on Towergate's refinancing
Days after Towergate Partnership announced the completion of its refinancing and £200m investment from private equity firm Advent International, founder and chairman Peter Cullum CBE spoke to Post about what now lies ahead for the broker.
Towergate unveils senior underwriting promotions
Towergate has promoted Keith Harrison and Keith Jackson to the positions of chief operating officer, commercial underwriting and commercial director, commercial underwriting respectively.
Towergate secures bid to insure NICEIC
Following a tender process in 2010, Towergate has been appointed to provide insurance services to NICEIC, the UK electrical contracting industry’s independent voluntary accreditation and regulatory body.
Insurer mergers & acquisitions: Is 2011 the time to strike?
After a lean period for insurer mergers and acquisitions through the economic downturn, Daniel Dunkley reports that the first rays of sunlight might begin to show in 2011.
Insurers attack 'reckless' NIG guarantee
Key players in the commercial insurance market have rounded on NIG's recent 'guarantee to beat' commercial strategy for NIG Network customers.
Power Place chief executive steps down
Matthew Reed has stepped down as Power Place chief executive — just four days after private equity firm Advent took a 45% stake in its parent company, Towergate earlier this month.
Towergate concludes refinancing deal and cuts debt by £100m
Towergate Partnership has announced the completion of its refinancing and £200m investment from private equity firm Advent International.
Towergate cancels foreign travel plans
A high level of interest from bond investors in London and Edinburgh saw Towergate management cancel travel plans to meet potential investors in Europe and the US last week, and conclude its refinancing arrangement on UK soil.
Powerplace hit by Reed departure
Towergate-owned trading platform Powerplace has confirmed the departure of chief executive Matthew Reed.
Towergate secures £520m bond issue
Towergate’s bond issue has been oversubscribed by as much as ten times, Post Online has learnt.
Editor's comment: Cullum's Advent calendar
The transfer deadline day, 31 January, saw a host of football clubs scrambling over themselves to secure deals to improve their stock ahead of the final push for safety, promotion, Europe or silverware.
Nationals call for FSA talks as Towergate seals £200m deal
Chief executives from some of the UK's largest brokers have called for a meeting with the Financial Services Authority to discuss concerns over the increasing level of intervention in compliance issues by the regulator.
News analysis - Towergate refinancing: Towergate to kick into full IPO mode
With confirmation of Advent's £200m cash injection, what does Towergate have planned next? Mairi MacDonald explores the options.
Sainty upbeat over 'bigger role' at Barbon commercial arm
Former Lucas Fettes director Brett Sainty is to focus on building organic growth at Cadogan Keelan Westall after being appointed head of business for the Barbon Insurance Group-owned commercial property insurance business.