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Commercial

Healthcare market spending hits £4.4bn

Spending on health & care cover products in the UK, including private medical insurance, health cash plans, dental benefit plans and long term care insurance, reached £4.4 billion in 2005, according to a new report from leading independent analysts Laing…

AWAC puts in strong maiden figures

In its first results since its recent NYSE IPO, Bermudian (re)insurer Allied World Assurance Company (AWAC) has reported an increase in net income, a falling combined ratio and favourable prior-year reserve developments.

Cowburn takes up Biba regional role

Mike Cowburn, director of Towergate Risk Solutions in Ilkley, has been appointed a board member of the British Insurance Brokers Association, representing the Yorkshire and Northern region. The 12-strong BIBA board, chaired by Max Taylor is made up of…

Willis acquires Chilean broker MGT

Willis has entered into a contract to purchase the majority of the retail and all the reinsurance business of MGT Group. Located in Santiago, Chile, MGT has annualized revenues of approximately $4m (£2.09m).

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