Broker
Canopius acquires K Drewe and Look
The largest privately owned Lloyd’s company, Canopius, has acquired the businesses of K Drewe Insurance Brokers Limited and Look Insurance Services Limited.
Portuguese broker MDS targets Spain
Portuguese retail broking giant MDS has confirmed expansion plans for Spain.
Oval backs Olympic hopeful
Oval is to sponsor Tom Allen, an 18 year-old Olympic swimming hopeful from Wales.
Fitch upgrades Italian insurance market
Fitch Ratings has revised the rating outlook for the Italian non-life insurance market to stable from negative, on the grounds of improving profitability driven by premium rises and better risk selection.
Axa hires Stewart as commercial director
Axa has hired Alasdair Stewart, formerly of the Chartered Insurance Institute (pictured right), to the position of commercial director.
Let Alliance appoints Ian Shackell to the board as non-exec
Let Alliance Ltd has appointed a new non-executive director Ian Shackell to its board of directors.
Fitch upgrades Italian insurance market
Fitch Ratings has revised the rating outlook for the Italian non-life insurance market to stable from negative, on the grounds of improving profitability driven by premium rises and better risk selection.
Lockton Middle East subsidiary gains chartered status
Lockton subsidiary Lockton MENA Limited has succeeded in its application to achieve Chartered Broker status from the Chartered Insurance Institute.
Personal injury fraudster jailed
A man who made a £1.35m claim for damages for injuries in a car crashhas been jailed for a year after a court found him guilty of contempt of court.
Brightside reports 48% rise in revenue
Brightside increased its revenue by 48.1% to £66.2m in 2010 (2009: £44.7m).
Willis Re: S&P economic capital criteria “incentivises insurers”
Willis Re’s report on Standard & Poor’s new criteria for assessing insurers’ economic capital models has found the latest S&P release “incentivises insurers to adopt more sophisticated internal capital models” by giving them the opportunity to use the…
Go Compare profits soar beyond £30m for 2010
Price comparison site Go Compare has reported a £30.1m pre-tax profit during the 2010 financial year (2009: £12.1m).
Willis Re: S&P economic capital criteria “incentivises insurers”
Willis Re’s report on Standard & Poor’s new criteria for assessing insurers’ economic capital models has found the latest S&P release “incentivises insurers to adopt more sophisticated internal capital models” by giving them the opportunity to use the…
Stronger regulation prompts Chartis rethink
Chartis has modified its policy for private equity and venture capital firms in order to greater deal with the “more robust” regulatory environment.
Giles confirms Rossborough Southampton integration
Giles Insurance Brokers has integrated the operations of Rossborough’s Southampton branch.
Customers need more clarity over online insurance products
Ernst & Young and the Chartered Insurance Institute have released a research report into the UK retail motor insurance market.
DDC unveils new service
DDC Outsourcing Solutions has unveiled a new combined lead generation and sales service.
CII honours David Slade
Perkins Slade founder and non-executive chairman David Slade, has been made an honorary fellow of the Chartered Insurance Institute.
Stackhouse Poland breaks through £50m GWP barrier with Plexstar acquisition
Broker Stackhouse Poland has acquired specialist professional indemnity broker Plexstar Insurance Services.
Sainsbury's and RBSI confirm deal
Sainsbury’s Finance has confirmed that it has signed heads of agreement with Royal Bank of Scotland Insurance with a view to appointing it as its motor insurance provider.
Ageas acquires Castle Cover for £53m
Ageas UK has acquired over 50s specialist Castle Cover in a £52.8m deal. The insurer said that the purchase will increase its customer numbers to around eight million.
In series - fraud: how essential is PR in the battle against fraud?
PR is essential when it comes to changing perceptions about the insurance industry. Rachel Gordon investigates how successfully this is being utilised in the long-term fight against fraud.
Walter hints at new business proposition
Outgoing Insurecom chief executive Phillip Walter has revealed he is in talks with venture capitalists about launching a new business once he exits the firm in May.