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The Tentacle

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Cyber Attacks & Ransomware

Earlier this year TEn was the subject of a Cyber Attack of broadly the same sort as that which seriously affected thousands of organisations across the globe on the 12th May. Although the hackers found a ‘chink in our armour’ – which ideally should not have been there – we were fortunate to have further levels of distribution and redundancy behind our front-line defences. In our case, the Ransomware encrypted the Word, Excel and PowerPoint files on our servers, but could not reach our emails on…

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TEn Launches findbroker.insure

TEn Insurance Services, the network for independent insurance brokers, is delighted to announce that it has launched a new website findbroker.insure. The website, which we believe is the first of its kind to be launched by a network, is designed to enable end-clients to more easily find a reliable and independent insurance broker in their local area. Additionally - and alternatively - the website enables a prospective client to find a specialist broker that concentrates on an area of interest. Comments…

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2017 - A Successful Quarter

TEn Insurance Services, the network for independent commercial brokers, is pleased to announce a financial success in the first quarter of 2017, with earnings increased by 21% across the whole quarter. March was a particularly successful month, in which the network first jumped the £5m GWP hurdle in a single month. Also, January saw a 25% increase in GWP and a 32% increase in income. The network has grown steadily to 109 brokers and the end of 2016 saw GWP increase to about £45m, in respect of 105…

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TEn & JLU for GAP Insurance

TEn Insurance partners with Jackson Lee Underwriting to offer new niche product suite to members TEn Insurance, the network for independent commercial insurance brokers, has partnered with Jackson Lee Underwriting to provide a new range of niche insurance products to its 110 AR broker members. The products available to TEn Insurance members include: GAP Insurance Excess Protection Leisure, including touring caravan John Rusby, Director at TEn Insurance said: “The Jackson Lee Underwriting product…

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Cyber for TEn ARs

TEn Insurance Services Ltd is pleased to announce that it has partnered with Tokio Marine HCC to deliver a Cyber and Data Insurance Policy to and for its network members, as a member benefit. The policy is based on the HCC SME product and gives a comprehensive cover for Cyber and Data breaches including telephone phreaking, with a special price of £9 per month (+ IPT), exclusively for TEn members. Insurer Relationship and Placement Manager Jennie Sutcliffe comments; “We are delighted to be able…

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Alternatives to Sale

In 2017, there is a perfectly viable alternative to a sale of any business, unfortunately, too many brokers are distracted by the enticing concepts of villa and golf course that they fail to consider it early enough. The alternative is employee ownership (EO). In the olden days’ people used to call this a Management Buy Out (MBO), but it rarely happened in the broking world. This is because the younger ‘Management’ of the provincial broker could seldom raise the money from local high street banks…

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TEn welcomes Stephen Bottoms

TEn Insurance Services Ltd is pleased to announce the appointment of Stephen Bottoms as its new Broker Inspection & Development Manager (BIDM) for the North, based near Manchester and in North Wales. Stephen started out as a graduate trainee with Royal Insurance and, since then, has accumulated 30+ years in the Insurance industry; most recently in a compliance role at UKGI. He has also worked for insurers such as the Independent, AXA and Quinn, whilst additionally accumulating several years in regional…

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A Rose by any other name

Following the publication of the FCA’s Thematic Review about AR Networks and their Principals, it would be fair to say that there has been more than a little speculation regarding which of them the regulator’s sensational findings were referring to. I believe that TEn has been the only Principal to admit to welcoming an FCA visit, even before publication of the Thematic Review. Indeed, I have confided to a number of industry journalists since January, “Yep, we had the full colonoscopy.” Having myself…

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Shortlisted - UK Broker Awards

TEn Insurance Services, the network for independent commercial brokers is pleased to announce that it has been shortlisted for the Best Companies to Work for in Insurance Broking 2016 award, at the UK Broker Awards in September. Comments TEn Business Development Director James Sharp, “The news of this recognition came as something of a surprise, the entry forms having been completed and staff feedback having been communicated some months previously. We are thrilled. Not only do we have Chartered…

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Style in the City - Manchester

The TEn network is delighted to be one of the 2016 sponsors of the Manchester Institute’s Style in The City fashion event on the 24th of June at the Midland Hotel. Hurray! Better still, we are giving away a couple of seats at our table to two lucky ladies who would care to join us on the day. To be eligible for the draw, you must first be a broker or an underwriter vaguely local to the Manchester market and available to travel to and attend on the 24th June from 10.45am to 4pm at the Midland Hotel.…

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