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Commercial

Advent float set for Friday

Advent Capital shares will commence trading on the Alternative Investment Market on Friday 3 June 2005 after the Lloyd's insurer raised £65m.

Towergate Professional Indemnity Push

Towergate have announced the creation of a new professional indemnity underwriting agency and support centre based in London under the trading style of ‘Towergate Underwriting – Professional Indemnity’.

Catlin decreases rates on average 2%

Catlin has issued a trading statement following its AGM, declaring rate adequacy remains favourable across the classes of business underwritten by thegroup, with a weighted average premium rate decrease of 2 per cent to April 30 2005 compared with the…

A Grace-ful NU beginning

The website was just the start - Adrian Grace, Barclays' new head of insurance, is planning to shake up every aspect of the service, as Jonathan Swift discovers

W Virginia AG sues Acordia over commissions

West Virginia attorney general Darrell McGraw has announced that the state is suing Acordia of West Virginia, and its parent, Acordia, following allegations that the companies received millions of dollars in hidden "contingent commissions" paid to them…

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