News
Insurer moves to buy broker stake
Hiscox has acquired a 35% of Media Insurance Brokers International, it announced this morning.
WNS strengthens UK footprint
WNS Holdings, a provider of global business process outsourcing services, has acquired Call 24/7 - an auto insurance-claims-processing services provider based in the United Kingdom.
Giles buys third Midlands broker
Giles Insurance Brokers has acquired David Moore and Company.
Broker recruits Scottish MD and M and A boss
Gordon Crosbie has been appointed as Scottish regional managing director of broker Giles. Mr Crosbie joined Giles in October last year following Giles’ acquisition of Falkirk-based broker Crosbie and Jack.
Three more join mutual body
The Fire and Rescue Authorities Mutual has announced three more FRAs joined on 1 April. There are now eight fully participating member authorities with more expected to join in coming months, it added.
Aviva swoops for private medical insurer
Norwich Union's parent Aviva today announces that its insurance business in Ireland, Hibernian, has agreed to acquire 70% of Irish health insurance business VIVAS Group.
Warranty provider acquired
Cardif Pinnacle has acquired a majority shareholding in Warranty Direct, a provider of personal extended warranties that protect consumer‘s cars and electrical appliances.
HSBC lose details of life insurance customers
HSBC has lost the details of 370, 000 life insurance customers after it sent a computer disc through the standard postal system.
Insurance Age On Air - news review
Insurance Age news editor Sarah Hills provides a run down of this week's major news stories. Watch it now . The top stories this week include the Lloyd’s market opening up for business to the UK broker market; Camberford Law reported to be in talks for…
XL Insurance names Horovitz as CUO of professional lines business
XL Insurance, the global insurance operation of Bermudian (re)insurer XL Capital named Bernard Horovitz to be Chief Underwriting Officer of its Global Professional lines of business.
CGT count down: CCV in Bristol buy
Cullum Capital Ventures has announced its latest acquisition, of HLI.
Groupama confirms Gibson's departure
Groupama has confirmed that its claims director, Graham Gibson, will be leaving the company on 6 June 2008 to take up a new position as claims director at Allianz, as revealed by Post earlier today
Commercial insurance affinity schemes increasing
A new survey by Finaccord has found more than a third of third of professional and trade associations in the UK could have a commercial insurance affinity scheme up and running by the end of 2008.
CGT count down: Towergate in £100m pay day
Towergate staff can look forward to a pay out of around £500 to £1000 each after Towergate sold a £100m of preferred ordinary shares to US listed hedge fund Och-Ziff.
Gibson quits Groupama for rival
Post understands that Allianz Insurance has appointed Groupama Insurance's claims director Graham Gibson.
Lockton strikes PI deal
The Claims Standards Council has appointed Lockton’s Affinity division as the Professional Indemnity insurance provider to its 1500 membership of authorised claims management companies.
PMI claims sharing desires increasing
Groupama Healthcare has said its campaign for claims sharing in the small group private medical insurance sector is gathering momentum with 97% of brokers supportive of claims sharing.
Brit appoints new motor underwriter from NU
Brit Insurance Holdings has announced the appointment of Phil Dancaster as motor underwriter.
Fortis announces Commercial Lines revamp
Fortis (Insurance, UK) has announced significant enhancements to its Commercial Guard portfolio of 10 products that see an increase in cover levels across the entire range. The standard sums insured and the limits introduced across Fortis’ commercial…
Lloyds reports 5% rise in FY profits to £3.85bn
The Lloyd’s of London insurance market reported a 5% rise in full-year pretax profits to £3.85bn, up from £3.66bn in 2006, but also reiterated its managing agents' comments that underwriting conditions are waning.
Fortis revamps commercial book
Fortis has announced enhancements to its commercial guard portfolio of 10 products that sees an increase in cover levels across the entire range.
CGT count down: CBG makes second deal of the year
CBG, the Manchester based insurance broker, financial adviser and healthcare specialist, has acquried Howgud, and it’s trading subsidiaries, EDN (Insurance Services), E Davies (Northern) and EDN (Financial Services).
CGT Count down: Cullum turns attention to US Hedge Fund
Towergate founder and chairman Peter Cullum is in advanced talks to sell a slice of his company to US hedge fund Och-Ziff, according to reports.
CGT count down: Cobra adds four businesses
Broking group Cobra has quired four businesses comprising of three insurance broking entities, Giles (Alton) Ltd (“Giles”), J.K. Lee Limited (“JKL”), G.D.K Insurance Services Limited (“GKD”) and an underwriting agency, County Insurance Services Schemes (…