Consolidators
Broker focus - exit options: Feathering the nest
Finding a favourable exit during the economic downturn has proved tricky for broker owners. Leigh Jackson reports on how the tide may be turning for those looking to sell.
Towergate: bond issue is still on 'to do' list
Towergate is keeping the brakes on its £665m bond issue in response to little improvement in the financial markets.
Towergate sales day
Amanda Blanc, Towergate deputy chief executive, said its first annual sales day, held on 17 June, generated "tens of thousands of new leads".
Jelf CEO optimistic asnew hires reap rewards
Jelf group chief executive Alex Alway has said the broker's investment in account executives has been key to growing the business despite recording a £616 000 loss for the six months ended 31 March 2010.
Regional review - Manchester: The Mancunian way
Manchester is a diverse city, full of character and currently undergoing something of a rebirth. Daniel Dunkley visits the city and finds a thriving insurance market.
Towergate boss keen on flood pool plan
Towergate executive chairman Peter Cullum has called on the new government to provide underwriting capacity for properties built on flood plains.
Ex-Brokerbility chiefback with new team
Former Brokerbility chief executive Stuart Randall has teamed up with senior staff from Evergreen and Axa for his return to the insurance market, Post has learnt.
Regional review - Birmingham: Banging the drum for Brum
With a number of new entrants over the past 18 months, Birmingham looks a lively place to do business. Leigh Jackson reports on the upsurge of activity for the city.
Brown leaves CCV
CCV operations director Roger Brown has left the consolidator Post has learnt.
Uncharted waters lie ahead in a sea of change
As we enter the uncharted political waters of a coalition government, it is perhaps worth noting that the current uncertainty is really nothing more than the continuance of a process of change that has been going on for well over two years, to which some…
Never say never for Towergate bond issue
Last week's decision by Towergate to cancel its £665m bond issue did not come as a great surprise.
Top five Post stories
The five most popular stories at postonline.co.uk over the past seven days were:
US investors ready to back second bond push
Towergate believes that there is a healthy appetite among US investors if it goes ahead with a bond issue in the near future. The consolidator postponed its original £665m placing last week, and will bide its time until the beginning of July to see if…
Towergate reports £28m loss in 2009
Towergate has reported losses on ordinary activities for 2009 of £28m compared to £18.89m in 2008.
Towergate appoints managing director
Towergate Underwriting has appointed Peter Newson as managing director of Towergate Underwriting Financial Risk.
Towergate creates two PLCs and appoints IPO specialist
The Towergate Partnership has instructed an international corporate law firm to help it oversee a financial restructuring of the business including the formation of two "public-limited company" operations, Post has learnt.
Postbox: Burgess: I was wrong about consolidators
In January 2008, my business British Insurance became part of the Towergate Partnership.
Bluefin set to make six acquisitions
Axa-owned broker also reveals it expects to make “many more” acquisitions in coming months, targeting the East Midlands, South West, Wales, and Northern Scotland.
Higos looks for heir to pick up acquisition mantel
Higos Insurance Services' managing director has outlined plans to recruit his successor and move to the role of chairman, as well as acquire five new brokers in the next 18 months.
Jelf issues more equity
Shares to begin traing on Thursday.