Broker Network and Countrywide have reported “extraordinary” levels of new membership enquiries resulting in a record 19 members joining the network so far in 2011. The expansion brings an additional £40 million of annualised gross written premium to the group, which has announced two appointments in support of growth. Andrew Mirfin has been appointed head [...]
Broker Network has launched Countrywide Complete, a new scheme that gives the network’s Countrywide members access to the same level of support enjoyed by its full members. The offering includes new insurance products plus a range of business services that cover compliance, HR, marketing, finance and IT. The group’s managing director, Nick Houghton, says: “In [...]
Open GI and Broker Network have joined forces to create a new proposition for those planning to enter the broker market. The companies have a combined 40 years’ experience in the sector and the proposition, which is being made available this month, aims to encourage more start-ups. Success could help buck a recent trend which [...]
If insurance brokers are to weather the recession, they must pay close attention to customer needs, Aviva said in a new report. “With customers increasing their propensity to switch, and a higher demand for voluntary excesses and/or reduced cover, brokers with the greatest customer knowledge will be best placed to adapt services and products to [...]
Brokers that trade home insurance online via OpenGI’s e-commerce solutions will now be able to take advantage of linking through the eAggregator for home platform, to moneysupermarket.com. By using eAggregator brokers will be able to enhance sales without incurring the high costs associated with internet marketing, by attaining product listings on price comparison websites. The [...]
Commercial broker Moorhouse has launched a new insurance policy for haulage firms, responding to research into brokers’ needs. Available on Moorhouses’s Xbroker quotation system, and underwritten by AXA, the policy includes CMR cover up to £250,000 for any one vehicle. Also included with the policy is £75,000 cover for goods in transit, and legal costs [...]
Open GI has bolstered its commercial broking capability with the launch of an integrated SME trading platform known as Open Trader. Open Trader has been formulated to assist brokers by changing the way they handle small package commercial lines business. In addition, the platform will offer underwriters access to the firm’s broker community for their [...]
OurNetwork has widened its product range with the addition of three new products for its brokers. The legal expenses, premium finance and commercial retailers products have been furnished by new panel members Brit Insurance, DAS and RBS Finsure. The combined product offers a commission rate of 21% and a broad range of coverage, and is [...]
In August broker-owned insurance management firm Broker Direct launched OurNetwork, which has already achieved its 100th member. The joining of Eric Rawlins & Co (a Stoke-based broker) means that in just three months OurNetwork has assembled a century of members. Eric Rawlins’ MD, Phil Alcock, has stated that the firm is fiercely independent, and had [...]
The Countrywide network has launched CountrywidePlus, designed to support member brokers expand their business and boost their income by providing expert assistance. Through CountrywidePlus, significantly better commissions are available from a panel of leading insurers, as well as a wide range of other business services including HR, IT, and Compliance. Current members will have the [...]
Lark, a broker owned by Groupama, has aquired Griffiths Good and Company. The aquisition increases Lark’s brokerage to £20 million. Griffiths Good has a GWP of around £7 million and a revenue of £1 million. Its 14 staff are managed by Roy Griffiths, who will retain management responsibility for the business. Lark’s chairman, Graham Lark, [...]
Leading insurance broker organisation the Broker Network has today announced its first addition to its group since the firm was acquired by rapidly expanding insurer Towergate late last year, in a move that was designed to extent Towergate’s reach within the intermediary markets. The Broker Network, which links insurance brokers, has announced that it has [...]
Insurance group Towergate has today cemented its approach for intermediaries Broker Network, according to a report to the London Stock Exchange earlier on today, confirming the latest step in its aggressive expansion programme designed to increase overall revenues. Following an unconditional acceptance by a majority of the Broker Network shareholders over the course of yesterday [...]
Broker Network is acquiring George Williams Insurance Services, the commercial insurance broker based in Denbigh, for undisclosed terms. George Williams is an existing member of Broker Network and following the acquisition will become part of the group’s UK wide retail operation. It will, however, retain its brand identity and staff, and continue to operate from [...]
A recent offer to buy Broker Network has been rejected by the firm. Speculation indicates that the bidder could have been either Towergate or Axa. Broker Network has stated that it had been approached by a firm that could lead to a bid being made for the Network. The terms and conditions of the approach [...]
