Power Place
Towergate continues to streamline insurer panels with Allianz and Brit deal
Allianz Insurance is poised to reap more than £40m of SME business in the next three years after regaining the lead position on the Towergate Commercial Underwriting panel.
Power Place boss Ball departs
Chief executive of Power Place, Simon Ball, has departed after only eight months in the job.
Brit launches PI product on Power Place
Brit Insurance has launched its professional indemnity cover on Power Place, following last year’s decision to make its D&O product available on the online commercial marketplace.
Former Power Place boss joins Perkins Slade
Perkins Slade has appointed former Power Place and Towergate boss Darren Rowe to the position of managing director corporate.
Power Place director departs
Power Place’s sales and marketing director Darren Rowe has been put on gardening leave.
As Brit looks to sell UK arm, Simply Business attracts PE interest
Online broker Simply Business is expected to be targeted by a number of private equity houses and insurance firms, following the news that significant shareholder Brit Holdings is looking to sell its UK arm for £150m.
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.
Career development news: Ace to sponsor D&O product workshop
Ace is set to sponsor a free educational workshop aimed at helping educate brokers about directors’ and officers’ liabilities products.
Ace backs broker workshop
Ace is to sponsor a free educational workshop aimed at helping brokers fill gaps in their knowledge about directors’ and officers’ liabilities products.
PowerPlace launches D&O workshops
Commercial insurance portal PowerPlace is to run free educational workshops for brokers in directors’ and officers’ insurance.
News analysis - Axa Commercial: A simply complex strategy
With its UK strategy now signed off by the Axa group board, Amy Ellis speaks to Amanda Blanc and Matthew Reed about what commercial brokers can expect from the insurer.
Axa launches first products on Powerplace
Axa Commercial Lines has launched its tradesmen and professional liability products on Powerplace, the online commercial insurance marketplace.
Axa may create more management roles
Axa has not ruled out creating more senior management roles within its commercial lines division after appointing former Towergate director Max Curruthers to the new role of chief operating officer.
Power Place appoints regional sales manager
Power Place has appointed a sales manager to oversee the Wales, West and Central region as part of a new strategic business development focus.
British Insurance Awards: Leading a revolution
THE E-BUSINESS AWARD - WINNER - POWERPLACE
Sandy Scott takes Achievement Award at 2011 British Insurance Awards
Sandy Scott, chief executive, Chartered Insurance Institute, was given the Achievement Award at the British Insurance Awards at the Royal Albert Hall tonight in front of 1800 fellow industry professionals.
Brit joins Power Place panel with D&O offering
Newly appointed Power Place panellist Brit Insurance is to launch directors & officers’ liability cover to the marketplace later this month.
Power Place reaches online marketplace target
Power Place has achieved its target of 1000 brokers signed-up to use its online marketplace, with the addition of Compare Insurance.
Towergate sets £25m target for new in-house e-trading arm
Towergate Underwriting has targeted an additional £25m in gross written premium once its new commercial e-trading proposition goes live this summer. The firm currently claims to control a total of £600m in GWP — of which £75m is through various software…
Biba 2011: Broker e-trading is no longer in the shadows, claims Power Place director
E-trading is no longer in the shadows with more brokers than ever realising the benefits that it can bring to their business.
Coverzones founder appointed Powerplace CEO
Powerplace has confirmed that Coverzones founder and former CEO Simon Ball is to replace Matthew Reed as chief executive at the company.
Two senior roles axed as Axa continues shake-up
The roles of head of specialist markets and distribution director will cease to exist under Axa Commercial's new management structure, as the firm confirmed two senior redundancies.
Towergate appoints non-exec chairman
Towergate has named Alastair Lyons as its non-executive chairman.
Axa pledges autonomy in mass branch overhaul
Regional brokers have welcomed an overhaul of Axa's "overly bureaucratic" regional strategy, after commercial chief executive Amanda Blanc outlined plans to devolve decision-making power from the insurer's head office.