Broker
Southern Rock reports £8.7m profits for 2013
Southern Rock Insurance has announced post-tax profits of £8.7m for the year ended 31 December 2013 attributing its move away from Brightside as a factor in improving the company's performance.
Brightside shares boosted by Bidco deal
Shares in Brightside were trading 27.15% up at close of markets yesterday following news of its imminent acquisition by Belvedere Bidco.
More M&A activity predicted for 2014 as UK leads the way in Europe
Mergers and acquisitions completed within the UK insurance market last year dwarfed similar deals in the rest of Europe, according to Grant Thornton, which is predicting more acquisitive activity in 2014.
Brightside agrees to £127m acquisition by AnaCap company
Brightside has agreed to a £127m acquisition by a newly incorporated company indirectly owned by private equity firm AnaCap Financial Partners.
Bluefin hires Towergate's Watts for regional role
Bluefin has appointed Towergate's Paul Watts as Stockport branch director, corporate division.
Broker Network boss Duggan to take over from Johnson at Paymentshield
Paymentshield chief executive Tim Johnson is leaving the Towergate division and will be replaced by Broker Network CEO Gary Duggan.
Jargon-busting claims transparency scheme unveiled by Axa
Axa has teamed up with the British Insurance Brokers’ Association in a bid to provide a more transparent claims process for customers.
Bexhill targets SME brokers with premium finance offering
Bexhill UK has launched a premium finance solution for small-medium sized insurance brokers.
Towergate NED Homer to chair energy consultancy
Former Towergate chief executive Andy Homer has been named chairman of energy consultancy Utility Aid.
NIG launches telematics app for small fleets
NIG has launched a telematics smartphone app to help SMEs manage their fleets.
Biba Fever episode 1: Why Manchester 2014 is Butlins for brokers
With one week to go before the British Insurance Brokers’ Association Conference in Manchester, Post is proud to bring you the first episode of Biba Fever 2014 sponsored by LV.
Retirement of LV Broker's Alan Rice sparks glowing tributes
Colleagues and broking clients have united in offering a fond farewell to popular LV Broker strategic account manager Alan Rice ahead of his retirement at the end of the week.
Esure reports GWP fall for Q1
Esure reported a fall in gross written premium to £123.5m in the first three months of 2014, down from £124.2m in the first quarter of 2013.
Integro appoints Clements chairman and names executive committee
US broking and risk management firm Integro has appointed John Clements as chairman of its board of directors. Rocco Nittoli has been named vice chairman of the board.
Clock could be ticking for Towergate boss Hodges after third loss in a row
Analysts suggest private equity backer Advent may be seeking an exit
Broking bosses warn over conduct clash after IBSC launches its own code
Executives fear IBSC’s guidelines could conflict with those of individual firms
Regulators to face enforcement decision-making review
The government has launched a review of the fairness, transparency, speed and efficiency of the institutional arrangements and processes the Financial Conduct Authority and the Prudential Regulation Authority use to make enforcement decisions.
Towergate tipped to benefit from pause in Gallagher acquisition spree
Towergate may benefit from a pause in UK retail acquisitions at Arthur J Gallagher, according to Imas managing partner Olly Laughton-Scott.
C-Suite - Broker: Embrace the standards drive
Recent fines issued by the Financial Conduct Authority are an important reminder of the continuing focus on regulation in the financial services sector.
Marsh records 5% Q1 revenue increase
Broker Marsh has reported a 5% increase in revenue for Q1 2014 up to $1.45bn (£854m) from $1.38bn in 2013.
Broker Network concludes development team expansion with twin hire
Broker Network has hired Ian Wainwright as head of broker development for the network’s premier proposition and Angus Montgomery as broker development manager for the advantage proposition.
Ten Insurance boosts Scottish membership with Insure Scotland
Former Giles Glasgow head office branch manager Murray MacAra's new commercial broker venture, Insure Scotland, has joined the Ten Insurance network.