News
RSA initiates Tupe deal for staff after PI restructure
Royal & SunAlliance has unveiled the new structure for its professional indemnity business, after the £38m acquisition of Martello last year. The changes include the outsourcing of 40 jobs and the transfer of a significant book to the insurer's…
Plant theft falls for first time in over a decade
Plant theft is down for the first time in 12 years, according to a new report by The National Plant and Equipment Register.
Bupa launches online system for intermediaries
Bupa Group Risk has launched a new online system that enables intermediaries to generate a quote and purchase cover within 30 minutes.
New head of national division for Heath Lambert
Harvie Carswell has joined Heath Lambert Group’s national division as head of the Group’s Swindon and London operations. Mr Carswell joins the Heath Lambert national team from Marsh, where he held a number of senior positions, most notably as head of the…
AA Insurance buys Admiral travel insurance provider
Contracts* have been exchanged for purchase by AA Insurance Services Limited of Drakefield Insurance Services Limited, which offers travel insurance online through the Go Travel Insurance and 1 Stop Travel Insurance brands.
IPO raises $111m for CastlePoint
CastlePoint Holdings has floated on the Nasdaq Global Market with an initial public offering (IPO) of 7 682 238 common shares, at $14.50 per share.
Bartlett Group opens in Paris
Bartlett Group has expanded its growing global network by opening an office in Paris.
Motor insurance certificates to be issued online
Millions of motorists will be able to arrange their motor insurance quicker and more conveniently thanks to a proposed change in the law announced today said the Association of British Insurers.
RK Harrison announces JLT swoop
R K Harrison, the independent broking group, has acquired a specialist marine energy team from JLT specialising in offshore exploration and production risks.
Florida Businessmen warn of extending Citizens cover
Floridian business lobby group, Associated Industries of Florida (AIF) has urged the state’s insurance company and state budget leaders to proceed cautiously as they work toward the overhauling of Citizens Property Insurance Corporation as it debates…
Aon Global Risk Consulting launches
Broking giant Aon has formed Aon Global Risk Consulting, creating a dedicated risk consulting, captive management and risk engineering group.
Xchanging to float on LSE next month
Business process outsourcing specialist Xchanging is planning to float on the London Stock Exchange next month.
Room Solutions calls for London Market's use of P2P
As the G6 initiative begins to yield results, the rest of the London Market must consider their options for adopting Peer to Peer (P2P) processes now if they are not to fall too far behind the pioneers, according to Carl Phillips, head of programme…
MMA changes motor trade offering
Intermediary-only insurer, MMA Insurance is to target further growth in its motor trade account with a number of product enhancements and an expanded team of dedicated sector specialists.
Two year extension for Cornhill and Cunningham investigations deal
Allianz Cornhill has signed a further two-year deal with Cunningham Lindsey for the provision of motor and casualty claims investigation services.
Only Insurance snaps up dot com name in big bucks bidding war
Only insurance, the aggregator set to launch its online home, motor and travel insurance service next month will begin a marketing drive as Onlyinsurance.com.
New insurance partnership returns profits to the charity sector
New specialist insurance broker, aQmen, is collaborating in the launch of CaSE Insurance, a social enterprise dedicated to providing cost effective, tailored insurance exclusively for charities and social enterprises. CaSE Insurance returns some 40% of…
Genworth announces PPI deal with GMAC
Genworth Financial has signed an agreement with GMAC to be the exclusive provider of Payment Protection Insurance to GMAC’s customers in 15 European markets. Genworth was appointed following a competitive tender.
Fusion extend product range
Fusion has added two new additions to its product range, a new Stand Alone Liability product and a Contractors facility.
Aon's Taylor, Oxygen's Fisher and Lloyd's James join board
The Chartered Institute of Insurance has appointed four new members to its London Market Faculty advisory board to extend its influence and reach within the market.
Chubb boosts London team
Chubb Europe has appointed Andrew McKee as manager of its London operation and Andy Francis as UK & Ireland marketing manager.
Adjuster claims top 3 spot with major acquisition
AMG has acquired Carr Greenwood Smith, a specialist commercial property claims adjuster, in a move which marks the company’s second acquisition since its management buy-out in October 2005. In May 2006, AMG acquired Sigma Claims Solutions, a specialist…
Underwriting agency enters stand alone liability market
Fusion has unveiled additions to its product range, a new stand alone liability product and a contractors facility.
Captive popularity on the rise in UK says Marsh
UK companies increasingly are considering captive formation, driven by a desire to implement sophisticated risk management regimes and address the total cost of risk, according to a benchmarking report by Marsh.