News
Admiral sees profit up 26% as it unveils Italian market move
Admiral Group today announced a profit before tax of £86.3m for the six months to 30 June 2007, an increase of 26% over the same period in 2006. Group turnover, comprising total premiums written, gross other income and investment income, rose 16% to £417…
Groupama expands partnership team
Groupama has expanded its Partnership Business Development team with the appointment of Richard Saunders and Kingsley Oji as account managers.
Axa buys fourth major independent broker
Axa UK has acquired independent commercial broker, The Davis Group, its fourth major deal in eight months.
Allianz to close two centres following review
Allianz Insurance has announced that it is to reorganise its claims division.
Bright rejects suppression of audit claim
Independent was the most “open" insurance company in Europe, its former managing director and chair claimed today. Returning to the stand after the early adjournment on Friday Michael Bright hit back at claims from Prosecution counsel Andrew Ballie QC…
Lockton produces Business resilience product
Lockton has designed an exclusive insurance product called Business Resilience in partnership with Kiln. The scheme is intended for clients with time critical networks who have already invested in security prevention and business continuity planning.
Saga unveils aggregator panel and brand
Saga has unveiled ConfidentCover.com as the name of its widely touted car insurance price comparison site for the over-50s.
AIG acquires travel insurance specialist
AIG has acquired Direct Travel Insurance Services, based in Shoreham by Sea.
New term for FSA's Independent Complaints Commissioner
Sir Anthony Holland has been reappointed as the Independent Complaints Commissioner for the Financial Services Authority (FSA) for a second term, beginning on 3 September 2007.
Cooper Gay acquires CRS teams
Cooper Gay has acquired the reinsurance and terrorism broking teams of CRS. The teams transferred to Cooper Gay on 1 September 2007.
Broker Network unveils buy number 20
Broker Network has completed its twentieth acquisition, Sullivan Garrett.
Guy Carp appoints corporate finance specialist
Reinsurance broker Guy Carpenter has announced that it has appointed Paul Lumbis as managing director of corporate finance, Europe. Mr. Lumbis will be responsible for leading the firm’s European corporate finance business, with a particular emphasis on…
RSA survey supports claims of burgeoning compensation culture
A new insurer survey supports claims there could be a growing litigious culture in Britain With 40% of people admitting that they would be prepared to sue a lawyer or financial adviser if they received bad advice.
Broker buys bank's general insurance business
Protecta Group has acquired Hodge Insurance Brokers, the general insurance subsidiary of Julian Hodge Bank, in a multi-million pound deal.
Willis accuses Marsh executive of employee poaching
Willis has accused a UK chief executive at rival broker Marsh of involvement in a conspiracy to poac...
McConachie adds risk job to Lancashire CFO role
Bermudian (re)insurer Lancashire has appointed Neil McConachie as chief risk officer of the group. T...
Dean spares reinsurers
Insured losses from Hurricane Dean are likely to range between just $0.75bn and $1.5bn, according to...
UK Flood costs - UK floods not of 1947 scale claims RMS
Despite the widespread devastation caused by this summer's UK floods, the damage is not yet as costl...
Floridian insurers denied rate requests
The Florida Office of Insurance Regulation has denied the rate requests of three companies for not s...
AIR: Typhoon Sepat won't produce large losses
Modelling specialist AIR Worldwide has said it does not expect Typhoon Sepat, which hit Taiwan on 18...
Former Indie boss breaks down in dock
Former boss of UK (re)insurer Independent Michael Bright has taken the witness stand to defend again...
Aon buys classic car specialist
Aon has announced an agreement to acquire specialist vehicle insurance broker, Firebond. Established...
Singapore-based insurer completes scheme transfer
Whittington has announced the completion of a Solvent Scheme of Arrangement for a Singapore-based in...