Commercial
SVB acquires trade credit insurance business
SVB Holdings, the specialist insurance and reinsurance group, has acquired the business of Credit Indemnity & Financial Services Ltd (“CIFS”).
Profits surge at Hiscox
Hiscox has posted pre-tax profits for 2003 of £83.4m compared to £20.7m the previous year.
Fortis boosts distribution with Dobson
Fortis Insurance has announced that Chris Dobson has joined the senior team as distribution and development director.
Towergate launches Towergate Caring Professions
Towergate Underwriting Group has launched a new business geared to helping intermediaries and provide a wide range of insurance services for all types of medical professionals.
Claimsplus re-brands as Arval PHH
Motor claims management company, Claimsplus has announced it is adopting the name of its parent company, Arval PHH. This change will take effect from 31 March 2004.
GI offering interests four
Underwriting agency Plus One Services is talking to four potential partners interested in taking its...
Towergate sets up academy
The Towergate Underwriting Group and The Folgate Partnership have invested a "significant sum" in a ...
Are scan vans the insurance future?
Recent years have seen much discussion about whether the UK has a US-style compensation culture. And...
Not taking enough credit
SME Trade Credit
MMA confirms UK commitment
French mutual MMA has confirmed its commitment to the UK market following speculation it was looking...
Folgate buys Finch portfolio
The Folgate Partnership has acquired the credit and surety business portfolio of Finch Commercial In...
Cox Lloyd's future clouded by Highway talks
The future of Lloyd's' largest motor syndicate, 218, was thrown into uncertainty this week following...
Misys electronic trading system
Misys Financial Systems' electronic trading system for commercial brokers, Oasys Commercial, has bee...
Commentary - Duty of care appeal awaited
The House of Lords decision in Goodes v East Sussex CC (2000) concluded that section 41 of the Highw...
Zurich to target high-risk sectors
Enhanced capacity and risk-based underwriting for property risks in the food and beverage industry l...
Amlin makes Lloyd's threat
Results
Appointment at Brit Insurance Holdings
Brit Insurance Holdings has appointed Peter Hazell and Michael Smith as non-executive directors. Mr ...
Solicitors can fill high-street needs
The recent article on personal legal expenses (PM, 11 March, pp13-14) was correct in noting the chan...
Lloyd's welcomes Budget announcement
Lloyd's chairman Lord Levene welcomed today's Budget announcement concerning legislation to remove tax barriers to individual members converting to limited liability.
Markel boss gives Lloyd's a 'still could do better' report
Tony Markel, president and CEO of Markel Corporation says he is encouraged by progress at Lloyd's, particularly by the Franchise Board, but still considers there is much to be done and a softening of rates now would be “unbelievably premature".
Axa boosts personal lines team
Axa has appointed Keith Hector as national development manager personal lines intermediary, with effect from today. He will assume direct responsibility for the Axa’s personal lines intermediary account manager team, reporting directly into Mike Keating,…
MMA head reaffirms commitment to UK
During a visit to the UK earlier today, Jean-Claude Seys, chairman and chief executive officer of French Mutual MMA-MAAF, confirmed the group’s commitment to the UK.
Alea profits hit new high, chairman predicts rates will hold
Bermuda-based insurer Alea Holdings has announced record operating earnings for the year ended 31 December 2003, operating profit based on longer-term investment return up by 274% to $80.8 million (£44.61m).
Cox in talks to acquire Highway
The board of directors of Highway have confirmed that they are in discusssions with Cox Insurance Holdings that may led to a "recommended all share offer being made by Cox for the company".