Power Place
Interview: Matthew Reed, Equipsme
A veteran of brokers Towergate and Hyperion Group, and latterly insurer Axa, Matthew Reed is now fronting his own insurtech. Here he speaks to Jonathan Swift about how the managing general agent plans to make it easier for brokers to sell corporate private medical insurance and the advantages of boardroom experience when it comes to turning start-up ideas into reality
Power Place to accelerate expansion following Montagu investment
Open International chief executive Chris Guillaume has turned his attention to propelling the firm’s Power Place business into the complex commercial and SME arenas after agreeing a “long term” partnership with private equity investors Montagu.
Open GI parent reunites with PE backer Montagu to complete MBO
Open International bosses have reunited with Montagu Private Equity to perform a management buyout of the Open GI, Open GI London and Power Place parent company.
Hanks bolsters NED portfolio with Open GI and Powerplace role
Former Allianz Commercial general manager Chris Hanks has added to his non-executive portfolio after agreeing to join the board as a NED of Open GI and Powerplace.
UK General shrinks commercial broker partnerships
UK General is reducing the number of broker relationships in its commercial division in a bid to deliver “an improved, tailored service” the Leeds-based insurer said today.
Powerplace recruits from Zurich for business development booster
Powerplace has recruited from Zurich to bolster its business development team.
Bluedrop first to run Ebroker for Power Place
Southampton-based broker Bluedrop is the first to run a SME e-trading software offering from Power Place and Open GI.
E-Underwriting launches niche property owners product
E-trading specialists E-Underwriting has unveiled a property owners product, enhancing Power Place’s panel with a niche product.
Market Moves: Douetil and Plumeri re-emerge as brokers make moves in the recruitment space
This week saw the return of former Brit boss Dane Douetil at broker BMS, as well as Joe Plumeri taking on his first job since exiting Willis. It was brokers leading the way in the wider recruitment space, with Higos and JLT among the movers and shakers…
Power Place reinforces broker commitments with double hire
Power Place has added two regional broker account managers to its business development team in the form of Steve Lacey and Daniel Sandbrook.
Axa launches tradesman policy on Power Place
Axa Commercial Lines has launched its tradesman and professional policy on Power Place.
Towergate sells Power Place to Open GI
Open GI has acquired Power Place from Towergate for an undisclosed sum, in a deal which will see 48 staff – including chief executive Nick Giddings – move across to the software provider.
Purple Partnership appoints development manager
Purple Partnership, the Jelf-owned independent brokers’ network, has appointed Pauline Palmer as development management for the central region.
Former Powerplace CEO Ball back with new online SME start-up
The former boss of Towergate's online offering Powerplace is back with a new online SME venture which using ex-Coverzones software allows brokers to white label their websites for "quote and buy" policies from a host of insurers.
Powerplace launches Aviva commercial property owners product
Powerplace has launched Aviva Commercial Property Owners, the second product from the insurer to go live on the online marketplace.
Market divided as to favourability of current conditions for IPOs
Market players credited with an interest in launching initial public offerings inside the next two years have been warned against attempting to float amid unfavourable conditions, where value is at rock bottom.
Career development: Ace and Power Place host D&O workshops
Power Place and Ace will host a directors' and officers' workshop for brokers on 12 June.
Powerplace not a top five priority, admits Towergate CEO Hodges
Towergate chief Mark Hodges has declared that Powerplace is not even in the top five of his priorities at the insurance broker.
Baxter returns to Power Place
Damian Baxter, pictured, has returned to Power Place as head of business development after departing in August 2010 for a role as head of sales at Keelan Westall.
Commercial offering could spark future acquisition interest, says One Answer Network boss
An increase in personal lines members alongside an added emphasis on establishing a commercial offering over the next 18 months could result in the One Answer Network becoming big enough to attract interest from potential buyers.
Axa Commercial goes live with management liability cover
Axa Commercial Lines has launched a management liability policy on Power Place.