Broker Network
Incoming Axa CEO McCafferty welcomed by brokers
Brokers have reacted positively to Brendan McCafferty’s appointment to Axa CEO for intermediated and direct.
Broker Network set on building a 'regional broking powerhouse'
Broker Network is aiming to building a “regional broking powerhouse” as it sets its sights on further acquisitions.
Finch becomes Broker Network's first regional broker buy
Broker Network has bought commercial broker Finch Commercial Insurance Brokers.
Broker Direct appoints Chris Dixon as chief underwriting officer
Broker Direct has appointed Chris Dixon as chief underwriting officer, effective today.
Brokers seek help to monitor ARs in wake of FCA review
Compliance consultants have seen a three-fold increase in the number of brokers contacting them since the Financial Conduct Authority Thematic Review into appointed representatives.
'Social network for insurance' aims to revolutionise the market
Insurercore, a social network for insurance professionals, will be holding a workshop tomorrow night with young brokers and insurers ahead of its November launch.
The County Group acquires broking business GR Plimbley
The County Group has acquired its competitor, insurance broker GR Plimbley, and expanded its branch network to 18 locations.
Broker Network appoints Paul Meehan as non-executive director
Broker Network has appointed Paul Meehan as independent non-executive director with immediate effect.
Can Zurich rebound from senior brain drain as Sharma and Martin join departee list?
Zurich was long regarded as consistency personified; a stable and calming force in an often turbulent insurance market. But in recent years, the Swiss giant has been hit hard by poor financial performance. To counter that, the company then introduced a…
FCA report on widespread selling among ARs 'no surprise' to broker networks
Today’s Financial Conduct Authority report on the “serious and widespread” issues on the oversight of appointed representatives has come as no surprise to broker networks.
Towergate completes sale of Broker Network stake
Following its announcement on the 23 March, Towergate insurance has completed the sale of a majority interest in its Broker Network Business to Highbridge Principle Strategies.
Broker networks: Better together?
Broker networks have seen new members, management buyouts and questions over independence, is the future bright for them?
Broker Network launches ‘masterclass’ for organic growth
Broker Network has launched a two-year masterclass on how to get organic growth, for smaller broking firms.
Broker Network to return to role as ‘independent voice’ following partial MBO
Three senior executives appointed to the Broker Network in recent months have been involved in a partial management buyout, with plans to take the network back to its roots.
Senior management: Parachuting in
With more senior management roles going to those from outside the general insurance industry, how will this affect the sector in the future?
Compass in talks with Gallagher for MBO
Broker network Compass is in active discussions with its parent company, Arthur J Gallagher, for a management buyout of the business to create a wholly independent network.
Former Canopius boss Rolfe joins Broker Network
Former Canopius UK Specialty CEO Tim Rolfe is to join Broker Network as chief product and underwriting officer on 1 May.
Highbridge investment returns Broker Network to its 'roots' claims boss Fairchild
Highbridge's majority stake acquisition of Broker Network brings it "back to its roots" as an independent network for independent insurance brokers, according to CEO Andy Fairchild.
Towergate's Ross takes acquisitions off table for at least 12 months
Towergate will not look to make any acquisitions for at least 12 months and then only if it can genuinely make those firms better, according to CEO David Ross.
Broker Network CEO says Highbridge deal keeps it independent
Broker Network CEO Andy Fairchild, pictured, said Highbridge’s majority interest acquisition of £46m into the firm is important for ensuring its independence.
Towergate sells majority interest in Broker Network for £46m as broker posts £36.4m EBITDA loss
Towergate has agreed to sell a majority interest in Broker Network to its backer Highbridge for £46m, while reporting what CEO David Ross called a 'robust' income of £353m.
Broker Network unveils debut members only scheme
Broker Network has launched its first member scheme, which is backed by Pro Sight Specialty Underwriting syndicate 1110 at Lloyd’s.
Towergate Q3 income drops 10% as infrastructure challenges continue
Towergate has reported a 10.3% decline in income to £87m in the third quarter of 2015 compared to £97m in the same period of 2014.
Broker Network offers enhanced services to Premier and Advantage members
Broker Network is to enhance its services including business planning and training based on member feedback.