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Commercial

Countrywide merges with Build Assured

Durley Group Holdings, the parent company of Countrywide Property Inspections, has by the issue of new shares acquired Hillcrest (Yorkshire), which trades as Build Assured.

Axa manager departure

Groupama has recruited another Axa manager, just weeks after two other similar appointments. Andy Heap, who was Axa’s Premier Partners channel manager, has been appointed Groupama’s head of customer propositions.

GE Commercial expands capacity

ERC subsidiary GE Commercial Insurance has announced that it has increased its capacity to write umbrella and follow form excess coverage underwritten by its specialty excess & surplus lines individual risk unit.

Aviva predicts surge in profit

Aviva has said it expects its 2003 operating profit will be about £1.9bn, ahead of market predictions of £1.7bn, in a trading statement this morning. It said the forecast was based on strong second half performance at both its general and life business.

Nicholls to take over as CEO of loss making Aquilo

Claims services company Aquilo today reported a loss for 2003 and admitted that it has been through a difficult period and that "getting the business into shape has taken longer than originally forecast due to the time needed to create new revenue…

First casualties of HHH closure

Andy Powell, insurance relation director and Gareth Lloyd, IT director in Hill House Hammond’s (HHH) Bristol headquarters are set to become the first casualties of Norwich Union’s (NU) controversial decision to sell the broker, reports James Salmon at…

NU shuts high street broking arm HHH

Norwich Union this morning announced that it plans to close high street broking subsidiary Hill House Hammond. The Bristol-based broking giant employs over 2000 people.

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