Commercial
Swinton targets at least 30 broker deals in 2010
Swinton has revealed it is targeting at least 30 acquisitions in 2010, after purchasing the personal lines business of CBG Insurance Brokers.
Quinn to appeal High Court ruling over information access
Quinn Direct is to appeal a High Court judgment from October 2009, which it claims relates to issues "central to the rights of insurers".
MIAB launches new locum product
The Medical Insurance Bureau has launched the Permanent Locum Plan to be underwritten by protection specialist insurer Pioneer.
Cap Z to buy out 3I in Jelf fundraising plan
Cap Z will now hold a minimum of 25.01 per cent of the company's enlarged ordinary share capital.
Aon announces regional restructure
Aon Corporate has appointed eight new area directors as a part of a restructure of its UK operation, designed to bring decision-making and resources closer to its clients.
Jelf looks to raise a further £17m after reporting a £9.7m loss in 2009
It is expected that any placing would be conducted at or around the price of 36 pence per ordinary share and would be subject to shareholder approval at a general meeting.
AM Best "positive" on global non-life reinsurance sector
The current outlook implies that the majority of 2010 reinsurer rating actions are likely to be affirmations, with only a modest number of anticipated rating or outlook changes.
AM Best "positive" on global non-life reinsurance sector
The current outlook implies that the majority of 2010 reinsurer rating actions are likely to be affirmations, with only a modest number of anticipated rating or outlook changes.
Towergate buys John Charcol
Towergate's financial services arm has finalised a deal to acquire mortgage broker John Charcol, Post understands.
Commercial landlords warned over environmental liability
Cowens claims they could face claims for damages and be subjected to action from regulatory bodies for failing to address environmental safety, even if it is a tenant who is at fault.
Towergate set to open new Manchester office
Towergate Risk Soultions Manchester is set to open a new office in Heton Mersey as it seeks to merge four of its existing businesses into a single hub.
Former Jelf director joins Bennetts
Insurance Broker Bennetts Commercial has appointed Carole Lowe to their senior management team.
CL makes hire from Garwyn
Cunningham Lindsey’s liability services has hired Adrian Hotson from Garwyn as a new area manager.
Choice Quote signs PF deal
Choice Quote Insurance Services has appointed Premium First to manage its premium finance as of 1 April 2010.
Sterling launches executive business product
Sterling Insurance has launched a new executive business product which includes cover for the departure of lotto winning employees and PR costs for reputational damage.
HSBC sales director joins Towergate
Caravan and park homes broker Towergate Bakers has appointed Simon Townsend as its managing director.
Groupama profits fall more than 50%
Groupama Insurances has announced a pre-tax £14m profit for 2009 – a fall of more than 50% on the £30.1m reported in 2008.
Bluefin insurance business revenues drop 9% to £116m
However, parent Axa pleased with 90% retentiuon rate.
Axa UK GI earnings dip 63% after £157m fire and weather losses.
Globally, Axa Group reported underlying earnings down 6% to €3854m versus 2008, adjusted earnings down 8% to €3468m and net income up 283% to €3606m (on a comparable basis).
Career Development News: Perkins Slade is chartered
Independent insurance broker Perkins Slade has been made a chartered insurance broker by the Chartered Insurance Institute.
Career Development News: Lockton set to roll out regional apprentices
Lockton is preparing to roll out its fledgling apprenticeship scheme after a successful pilot in Newcastle. The personalised training initiative could potentially see apprentices attached to each of the broker's 11 UK offices.
Legal Expenses - Jackson Impact: Cheque mate
Would Lord Justice Jackson's recommendations on costs reform really decimate the after-the-event market? Veronica Cowan canvasses views from those affected.
Chartered Broker Status: Raising the bar
Now entering its third year, Leigh Jackson assesses take-up and any tangible benefits of the CII's corporate chartered status for brokers.
Motor Claims 2010: CPS decides on fraud
The nature of insurance fraud makes it difficult for the Crown Prosecution Service to take such cases to court, according to detective chief inspector Andy MacKay, of the Association of Chief Police Officers' Vehicle Crime Intelligence Service.