Commercial
Direct Group in £40m MBO
Derek Coles has successfully led the management team of Direct Group, a provider of corporate and affinity services to the insurance sector, in acquiring the business in a £40 million deal with the backing of mid-market private equity firm LDC.
UK firms uninterested in environmental liability cover
Spain, Germany and Italy are leading the way in the implementation of the EU Environmental Liability Directive and are showing the most interest in purchasing environmental cover, broker Willis has said. This is in contrast to the UK, where insurers…
Towergate warns of insurer battle of nerves as sales hit £709m
Sales at Towergate Partnership increased 30.9% to £709m of gross written premium for the first half of the year. However, the broking group insurer said the impact of its new business had been "somewhat offset" by the continued soft market rates.
Survey: 72% of brokers say flooding will ease premium increases
A broker survey by NIG has revealed that 72% of brokers said that the poor weather would make it easier for them to sell in premium increases both later this year and next. A further 22% predicted no change.
Appointments at Junction
Affinity provider Junction has appointed two further relationship managers.
Towergate adds £75m GWP after swoop for market leading broker
Towergate Partnership today announced the acquisition of London based Hayward Aviation, which it claims is the UK’s largest general aviation broker. All 80 of its staff and senior management will join the Towergate Group.
BIBA slams home insurance premium hike
The British Insurance Brokers’ Association has slammed announcements from insurers that property premiums will increase by 10% following the floods in the UK this summer.
Hiscox launching new ad campaign
Hiscox will launch its new national advertising campaign on TV and in print on 6th August.
Thompsons calls for increased bereavement awards
Thompson Solicitors has called on the Government to increase the amount of compensation for bereavement to the families of asbestos cancer victims in England & Wales.
MMA targets property owners growth with enhanced covers
Intermediary-only insurer MMA Insurance (MMA) has added a series of enhancements to its property owners’ product portfolio as part of the strategy to grow its residential and commercial landlords business.
ABC unveils team for new Sheffield office
ABC Insurance today announced the opening of its north of England regional branch office based in Sheffield.
NIG appoints new manager
NIG has appointed Dean Laming as the new regional manager for its Redhill operation.
MMA outline property push
Intermediary-only insurer MMA Insurance today announced a series of enhancements to its property owners’ product portfolio as part of the strategy to grow its residential and commercial landlords business.
Zurich in CII awards first
Zurich Insurance has held its first awards day at the Chartered Insurance Institute's Great Hall whe...
Tribunal costs on the rise
Tribunal costs for UK small to medium-sized enterprises are rapidly increasing, as staff discriminat...
Pick of the Week
Jonathan Swift, editor of Post Magazine provides a quick run down of some of the major news in tomorr...
ABC opens second office ahead of motor market push
LV's broker facing subsidiary ABC Insurance unveiled a second office this week ahead of its entry in...
Allianz: no Zurich challenge after city deal
Allianz Engineering says it is not looking to challenge Zurich Municipal's presence in the public se...
CILA revises plans due to summer floods
The Chartered Institute of Loss Adjusters has postponed its autumn conference until the end of Octob...
Oxygen snatches managing director from rival Alec Finch
Commercial broker Alec Finch Group is losing its London Market managing director to rival Oxygen, Po...
Brit signs up to Risk Stop
Brit Insurance has become the first Lloyd's insurer to sign up the services of Risk Stop. The risk m...
Online comparison launch
UK Facilities has launched a new comparative online quotation and cover system. The Bolton-based br...
PL insurers given boost by court win
The potential for claims brought against councils for accidents on icy roads was reduced this week a...
A steady plan
Major incident management