Commercial
One in three brokers set to buy in 2006
Consolidation among UK insurance brokers looks set to continue in 2006, but prices could rise sharply as the number of firms seeking to acquire outstrips the number of brokers up for sale by a factor of 10 to one.
Brit claims 75% contract certainty achieved
Brit Insurance said today it achieved contract certainty on over 75% of its January 1, 2006 outwards reinsurance placements, so significantly exceeding the current target of 30%. The insurer claimed this was measured in accordance with the Market Reform…
Highway appoints new Head of Accident Damage
Motor insurer Highway has appointed Peter Goodright as its new head of Accident Damage Operations. He will oversee the claims functions of the business and look after the management of Highway’s service providers.
DAS to shut Glasgow office in business re-shuffle
Legal protection insurer DAS has closed its Glasgow office in a move described as a new approach to servicing brokers. This new structure sees the country split into two sales regions, North and South. There are a total of ten teams, typically with an…
Broker acquisition sees it triple in size since MBI
Stackhouse Poland has continued its expansion with the acquisition of London based broker RHB Insurance Services.
Allianz in top quarter of IIP 'Profile' results
Allianz Cornhill has been awarded Investors in People accreditation against the new 'Profile' standa...
Garages await go-ahead
Garages and vets may get the green light to join the British Insurance Brokers' Association by Febru...
TBN happy with results despite pressure on rates
The Broker Network has announced a 97% rise in operating profit, to £1.5m, for the six-month period ...
The past year difficult for the protection and indemnity clubs
Increasing claims costs, uninspiring investment returns, higher levels of required capitalisation, a...
Ex-Markel boss toasts start-up
Specialist lines underwriting agency Amalfi Underwriting claims it is on track to gain $25m (£14.2m)...
NIG appoints regional manager for London office
NIG has made Tony Venus, pictured, regional manager of its London office. He is responsible for its ...
Citybond wants cross-section
The boss of £10m travel insurance broker Citybond Suretravel has taken a swipe at retail intermediar...
Appointment at Brit
Brit has appointed Karyn Williams as a US professional indemnity underwriter in its professional ris...
Appointment at Allianz Cornhill
Simon Wheeler has joined Allianz Cornhill Animal Health as senior marketing and affinities manager a...
Appointment at The Broker Network
Mark Whitlow has become director of business development for Broker Network Insurance Brokers. He br...
ATE firm fundraising hits £1.3m
After-the-event start-up Litcomp has revealed it raised £1.3m in funding from a single provider, in ...
Appointment at CJ Coleman and Company
David Merry has joined CJ Coleman and Company from Arthur J Gallagher, where he held the position of...
Farm Web receives new NIG funding
NIG-backed agricultural specialist Farm Web is rolling out what it claims to be the first web-enable...
Appointment at Highway
Alan Hickman has been promoted at Highway. Mr Hickman joined the company from Axa in 2001. After wor...
SSP confirms heads of its four new divisions
Software house SSP this week confirmed who would head up its four new divisions. Intermediary servic...
Appointment at GE Fleet Services
Steve Courtney has become business sales leader for GE commercial finance. Mr Courtney joins from Ll...
Settlement service launched
Claim Tracker, the start-up information technology service provider, has launched a 36-hour claims s...
Allianz positive over appeal
Allianz Cornhill is confident of winning the fight against last month's judgement linking a claims s...
Allianz boss admits there is no plan B
A leading insurance boss has claimed the commercial market has not changed since the Second World Wa...