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Commercial

Towergate in the Red

Towergate Risk Solutions has expanded its Romford broking capability through the acquisition of Leyton-based Red Insurance.

Aviva exec Snowball pleased with £87 m deal

Aviva has sold the vehicle solutions businesses of RAC plc to VT Group plc for £54.4m in consideration for the net equity of the businesses and an additional £32.6m to settle amounts owing to Aviva group companies. The total cash receivable is £87 m.

Finite exodus at Platinum

Unveiling solid 1st quarter results, Bermudian reinsurer Platinum Underwriters revealed a significant decrease in its finite book of business

Imarket unveils new product roll out

Imarket has revealed that Software Solutions Partners will begin piloting products on the general insurance industry portal in May, ahead of an aggressive rollout throughout 2006.

Axa and RSA strike £500m deal

Insurers Axa and Royal and Sun Alliance have sealed a major distribution deal which will see them handle together almost £500m worth of new business over the next three years.

Hiscox enlists help

Hiscox has enlisted the help of a personal security services firm to bolster its home insurance offe...

NU parent expands in China

Aviva, the world’s sixth largest insurer, has received regulatory approval for its joint-venture company, Aviva-COFCO, to open a branch office in the city of Jinan, the capital of Shandong province on China's east coast.

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