News
Jardine Lloyd Thompson to sponsor Chester race
Insurance broker Jardine Lloyd Thompson has announced that it will be sponsoring the Dee Stakes horse race on the last day of the Chester Racecourse May festival in a three-year deal.
AM Best affirms A rating for Catlin Insurance Company
AM Best has affirmed the financial strength rating of A (Excellent) for Catlin Insurance Company.
Chubb sells 18.7% stake in Hiscox
Hiscox has announced that US insurer Chubb has sold its holding of 54.5m shares (18.7% of the issued ordinary shares of the company), which have been placed with a wide range of institutional shareholders at 165pence. Hiscox's share price has slipped…
RSA sells off recently acquired Polish unit
Royal & Sun Alliance has sealed a deal to sell its 82% stake in the Polish life insurance company T U na Zycie Royal PBK SA that it bought five years ago for an undisclosed sum.
Obesity rise threat to insurance, claims Swiss Re
The life insurance industry must not ignore the impact of increasing number of obese people, according to a new report from Swiss Re.
PWC study shows firms fail to take advantage of corporate governance
Financial institutions are falling short of reaping the potential strategic advantages of improved governance and have equated good corporate governance with meeting the demands of regulators rather than improving the quality of management.
FSCS names and shames 16 brokers
The Financial Services Compensation Scheme (FSCS) is encouraging consumers who may have lost money as a result of their dealings with any one of 16 firms recently declared in default by the Scheme to get in touch.
Capita in online legal expenses deal
Capita Insurance Services has signed a three-year partnership agreement to offer Commercial Legal Expenses as the preferred commercial legal expenses product on the Acturis Broker platform.
Alan and Thomas snaps up Dorset broker
Alan and Thomas Insurance Brokers have acquired insurance broker Abrey Beatty.
West brought in at Novae
Liability specialist Novae Underwriting has appointed Ian West as underwriting director.
Kiln profits increase three fold
Kiln has announced record profits before tax of £33.1m for the year ending 2003.
HBOS links up with BMW Financial Services
St Andrew's Insurance, part of HBOS Group, today announced a new partnership with BMW Group Financial Services, Great Britain for the provision of creditor payment protection and return to invoice price GAP policies on the full range of BMW and Mini cars…
Rate reductions for MMA’s travel policy
MMA Insurance has introduced a number of rate reductions and simplified product literature for Flagship, its single trip travel insurance.
Finsure adds to sales team
NIG's premium finance subsidiary, Finsure, has appointed Scott Feltham as regional sales executive for the western home counties, south west and Wales.
Chaucer profits top £35m
Lloyd's insurer Chaucer has announced record finalresults for the year ended 31 December 2003, with profits increasing by £32.8m from £3m in 2002.
Link Underwriting relocates management team
Link Underwriting Agency has relocated its management teamfrom Maidstone to new offices in Kings Hill, Kent.
Clinicare announces gross premiums of £30.7m
Medical insurer, Clinicare, has announced its results for 2003 with gross written premiums up 8% to £30.7m.
Primary Group shows thespian side with new acquisition
Primary Group has today announced the acquisition of Walton and Parkinson the UK’s leading insurance brokers to the theatre world.
Bright future for Oval's acquisitions strategy
Oval Limited, the UK broking group, has appointed Stephen Bright to the position of group finance and operations director. He will be based at Oval's Wakefield office and will oversee the implementation of the company's acquisitions strategy.
Broker appoints deputy MD
Broker BWP today announced the appointment of Peter Newson as its new deputy managing director.
Van Ameyde & Wallis buys medical assistance specialist business
International claims manager Van Ameyde & Wallis announced today that it has purchased medical assistance specialist International Medical Rescue from Aon Travel Solutions for an undisclosed sum.
IAIS presses for reinsurance transparency
The International Association of Insurance Supervisors (IAIS) has announced a new framework for the collection of statistics that it hopes will enhance transparency in the reinsurance sector.
Willis Commercial Network member acquires two
David Moore & Co Insurance Brokers Limited of Newport has become the first Willis Commercial Network member to make two acquisitions at the same time.
Goshawk reports £57.5m loss
Insurer Goshawk has announced a loss before tax of £57.5m for the 2003 year of account, against a profit of £10.1m for the previous year.