April 2008 Archives

RBSI rumours continue

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Market gossip about the sale of the Royal Bank of Scotland's insurance brands has reared its head again for what must be the millionth time in the past two years. Except this time it's a bit different, writes Charlie Thomas, reporter, Professional Broking.

RBSI rumours continue

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Market gossip about the sale of the Royal Bank of Scotland's insurance brands has reared its head again for what must be the millionth time in the past two years. Except this time it's a bit different, writes Charlie Thomas, reporter, Professional Broking.

All change at Axa

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Blimey. Senior management changes are like buses at Axa. There are none for ages and then two come along at once. First, Peter Hubbard suddenly announces he is leaving Axa to pursue other interests, then Mark Cliff, markets managing director, declares he's off to join Fortis in a new role as managing director writes Charlie Thomas, reporter, Professional Broking.

PB Week: Acquisition, acquisition, acquisition

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This week saw a spate of acquisitions in the industry before the changes in Capital Gains Tax on 6 April, writes Andrew Tjaardstra, editor of Professional Broking. Although it is becoming increasingly hard to keep up with each deal - the following is an attempt to list all of them:

Jelf is consolidator of the week'

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In the fast moving world of broker acquisitions Jelf has so far won the battle' for the title of consolidator of the week by announcing the acquisitions of Worthing-based Argyll and Malvern-based Clarke Roxburgh writes Andrew Tjaardstra, editor of Professional Broking. Jelf has shelled out an initial consideration of £18.3m for £45m gross written premium broker Clarke Roxburgh which could rise to a total of £27m if all targets are met. Argyll cost an initial payment of £9.9m for around £21m of GWP.

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