News
Lloyd's insurer Equity co-operating with FSA over investigation
Equity Red Star is reported to be under investigation by the Financial Services Authority over concerns about the impact of bodily injury claims on its balance sheet.
Admiral rules out RBSI bid due to price and likely OFT challenge
Motor insurance group Admiral has ruled itself out of any bidding war for the Royal Bank of Scotland Insurance businesses including Direct Line and Churchill.
Amlin H1 GWP hits £1.5bn, bolstered by 2009 acqusiition
Amlin has reported a profit before tax of £107.6m (H1 2009: £177.1m) for the first six months of 2010 on gross written premium of £1.5bn (H1 2009: £950.1m).
Hiscox profit falls to £97.2m in H1 but ready for "surge" in growth
Hiscox this morning reported a profit before tax of £97.2m for the first six months of 2010 (H1 2009: £141.4m) on gross premiums written of £904.3m (H1 2009: £906.0m).
Amlin H1 GWP hits £1.5bn, bolstered by 2009 acqusiition
Amlin has reported a profit before tax of £107.6m (H1 2009: £177.1m) for the first six months of 2010 on gross written premium of £1.5bn (H1 2009: £950.1m).
Hiscox profit falls to £97.2m in H1 but ready for "surge" in growth
Hiscox this morning reported a profit before tax of £97.2m for the first six months of 2010 (H1 2009: £141.4m) on gross premiums written of £904.3m (H1 2009: £906.0m).
Towergate launches new website
Towergate Underwriting has launched a new website which it says will be easier for brokers to use.
Aviva wins out in Santander Bank household insurance tender
Aviva has won a competitive tender process for the distribution of household insurance products to Santander.
Chubb celebrates chartered status
Chubb is the first insurer to be awarded chartered insurer status in the UK.
Allianz unveils German acquisition
Allianz Real Estate Germany has acquired about 80 retail assets of the discount market Aldi Süd from Aldi Grundstücksgesellschaft gmbH & Co KG.
Exclusive Q&A content now available on Post Europe
In our latest Q&A session, ALC Health’s Sue Wilson says that European regulators are trying to ensure that the insurance market in general is properly regulated but as a result, many agents have closed down as they have been unable to comply with the new…
Allianz unveils German acquisition
Allianz Real Estate Germany has acquired about 80 retail assets of the discount market Aldi Süd from Aldi Grundstücksgesellschaft gmbH & Co KG.
Exclusive Q&A content now available
In our latest Q&A session, ALC Health’s Sue Wilson says that European regulators are trying to ensure that the insurance market in general is properly regulated but as a result, many agents have closed down as they have been unable to comply with the new…
Towergate Underwriting achieves chartered status
Towergate Underwriting Group has become one of the first underwriting companies to achieve the Chartered Insurance Institute’s award of chartered insurer.
Westinsure shareholders back Ink takeover
Ink Underwriting Agencies has acquired Westinsure Group following 100% shareholders approval for an undisclosed sum.
Tawa takes over Island Capital
Tawa has entered a share purchase agreement to acquire 94.3% of the issued shares of Island Capital, and its wholly-owned UK subsidiary, Island Capital (Europe).
Tim Grant to quit Brit for Dual
Brit Insurance's head of distribution Tim Grant is leaving to join Dual Corporate Risks.
Game Group renews Allianz corporate partner deal
Allianz has renewed its partnership with Game Group UK to provide insurance cover for products sold at the group’s specialist stores in the UK and Ireland for another three years.
Compre announces financial restructuring
Consulting and insurance services company Compre has undergone a financial restructure to “take advantage of investment opportunities”.
Travelers to take on Quinn PII
Travelers has struck an exclusive agreement with Quinn’s former broker, Prime Professions, to offer cover to sole practitioners who are no longer covered after Quinn’s departure from the market, the Law Society Gazette reports.
Game Group renews Allianz corporate partner deal
Allianz has renewed its partnership with Game Group UK to provide insurance cover for products sold at the group’s specialist stores in the UK and Ireland for another three years.
Compre announces financial restructuring
Consulting and insurance services company Compre has undergone a financial restructure to “take advantage of investment opportunities”.
Allianz names SME manager
Allianz Commercial has appointed Russell Corbould-Warren as the division’s new SME underwriting manager.
Former Marsh VP joins claims firm as complex loss boss
Munters MCS has named Simon Hurst as the UK’s major & complex loss director.