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Brit launches PI product on Power Place

Brit Insurance has launched its professional indemnity cover on Power Place, following last year’s decision to make its D&O product available on the online commercial marketplace.

Coversure opens in Swansea

Coversure has opened its third Welsh franchise, this time in Swansea, with former broker and Admiral worker Jason Lawrence (left in picture) heading up the operation.

Marketform CEO steps down

Marketform director and chief executive Simon Turner has stepped down from his joint role at the specialist Lloyd’s insurer in order to concentrate on the health of his wife.

Willis Re names Cavanagh as CEO

Willis has promoted John Cavanagh, pictured, to CEO of its reinsurance broking arm Willis Re, succeeding Steve Hearn who was appointed chairman and CEO of Willis Global in December.

Motor premiums increase again

According to the AA’s benchmark British Insurance Premium Index the shoparound price for comprehensive motor insurance is now £971.40, a 5.4% increase, from £921.38, over the three months ending 31 December. The annual increase is 15.3%, from £842.69.

My best 11- Phil Bayles, Aviva

Aviva’s Phil Bayles selects his best XI for an insurance start-up. The director of brokers and key partners opts for a team made up almost entirely of broking stars, aided by Southampton legend Matt Le Tissier as a supporting forward.

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