Post - 2011-02-10

Towergate cancels foreign travel plans

A high level of interest from bond investors in London and Edinburgh saw Towergate management cancel travel plans to meet potential investors in Europe and the US last week, and conclude its refinancing arrangement on UK soil.

Markel plays down losses from antipodean disasters

Markel International does not expect its future profits to be badly affected by the New Zealand earthquake and recent Queensland flooding, after previous catastrophe events added six points or $33m (£20.5m) to its 2010 full-year combined ratio.

Postbox: Policy cancellation not fair on drivers

Mike Eve makes some interesting points regarding uninsured driving and, unfortunately, he is correct that fines for uninsured driving, and most other offences for that matter, are governed by the financial status of the offender.

MGA remains upbeat despite slow progress

Affinity Insurance Management, an appointed representative of Affinity Scheme Insurance, has disclosed a £150 867 loss in its first full-year of trading, and warned about its future viability.

Penny Black's insurance week

Penny was delighted to be entertained by the lovely ladies at Royal Bank of Scotland Insurance, when she was whisked off to the O2 to see R&B megastar Usher perform a selection of his greatest hits.