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BP Marsh buys 25% stake in JMD

JMD Specialist Insurance Services Group has announced that B. P. Marsh & Partners a niche venture capital provider has acquired an equity interest of 25% in JMD.

Biba unveils new chairman

The British Insurance Brokers' Association has said that Derek Thornton, a director of Heath Lambert and chairman of its London Market UK Wholesale Division, will become chairman of the trade association in July.

JLT reports slight profit increase

Broker Jardine Lloyd Thompson today announced and increase in underlying profit before tax of 3.8% to £76.5m for the year ended 31st December 2006 on fees and commissions of £459.5m (up 1.2%).

Broker Direct acquires HBA

Broker Direct has acquired the entire share capital of HBA Limited, an established City of London insurance broking practice, which, under the new BD ownership, has gained provisional Lloyd’s accreditation, an achievement of which everyone is extremely…

Zaveri appointed underwriter at Arista

The commercial lines underwriting organisation Arista has appointed Hasmita Zaveri as underwriter. Zaveri will report to Andy Wright, Regional Manager at Arista’s Redhill office.

Listed broker out of the red with 2006 profit

Listed intermediary Culver today reported a group profit of £52 000 for the year ending 31 December 2006 (2005 - £496 000 loss). The insurance broking business increased its turnover by 8 per cent to £2 632 000 (2005 - £2 445 000). The profit of the…

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