News
Lloyd's TSB extends RSA supplier collaboration
Rainbow International has been appointed by Lloyds TSB Insurance as its sole provider of disaster restoration services for domestic insurance claims in the UK.
Apil carries small claims fight to DCA
Research which found the majority of injury victims would not seek justice if the small claims court limit is raised was highlighted again last week, when The Association of Personal Injury Lawyers gave evidence to the Constitutional Affairs Select…
Brit appoints Watson in D&O push
Brit Insurance Holdings has appointed Craig Watson as D&O Underwriter, based in Brit’s Glasgow office.
Lloyd's heavyweight retires
Kiln announced today that Reg Brown, a non-executive director, has decided to retire from the board of Kiln with immediate effect.
Aon issues guidance on potential impact of Bird Flu pandemic
As the first outbreak of avian flu hits Europe and the World Health Organisation urges countries to prepare for the massive social and economic disruption brought about by a pandemic, Aon has published a White Paper on the risks faced by businesses …
Michael Wood team buys PI Direct in Australia
A group of investors led by PI Direct Group CEO Michael Wood and Chairman Andrew Wallas have purchased the similarly named but unrelated PI Direct Insurance Brokers Pty Ltd, which is based in Brisbane, Queensland.
Glacier Re to raise $100m in equity
Glacier Reinsurance has announced that existing shareholders have subscribed for additional equity of US$ 100 million, through its holding company Glacier Re Holdings. The equity issue will increase the underwriting capital of the company in order to…
Goshawk concedes failure in Rosemont Re talks
Goshawk today admitted Rosemont is likely to go into run off after ending prospective sales talks.
Lloyd's: Savage to become "acting CEO"
In a statement Lloyd's chairman Peter Levene said: "Following on from the announcement made today by Prudential plc, I am writing to let you know the arrangements which will be put in place from 1 January 2006 when Nick Prettejohn takes up his new post…
Lloyd's boss Prettejohn quits
Prudential this morning announced the appointment of Lloyd's CEO Nick Prettejohn as chief executive of its UK Insurance Operations. He replaces Mark Wood.
Groupama buy doubles PMI income
Groupama Insurances has today announced the acquisition of private medical insurer Clinicare from its French parent Groupe AZUR GMF, in a move that more than doubles the size of Groupama’s revenue from PMI.
Towergate acquires Arbuthnot Insurance Brokers
The Towergate Partnership has acquired Arbuthnot Insurance Brokers from Arbuthnot Banking Group. The business is the Parnership’s 106th acquisition, and brings the total premium controlled by Towergate to £1.25bn.
FSA provides Basic Advice
The Financial Services Authority (FSA) has published a guide on Basic Advice in the form of a question and answer (FAQs) brief covering a number of questions that have arisen since the regime began.
Biba BI masterclass to start up again
BIBA and the CII’s Faculty of Insurance Broking are joining forces with commercial claims specialist, Corporate Claims International (CCI), to deliver an encore of the CCI’s business interruption “masterclass” series.
AIG donates money for quake relief
American International Group, (AIG) has announced that it is donating $1m to support relief efforts in the areas affected by the October 8 earthquake in South Asia.
Launch of expat brokerage service
Go Insure It, a new insurance brokerage service for expatriates in Spain has been launched. With its first office in Javea, Costa Blanca, it will offer financial services products on the basis of best advice and suitability based on individual needs.
Sirius completes Imarket integration
Sirius Financial Systems has announced that a re-engineering project on its commercial lines trading portal - Stargate – enabling it to be fully integrated into imarket has been completed.
RSA makes £68m Chilean acquisition
Royal & Sun Alliance has acquired Chile's leading general insurance business Compañia de Seguros Generales Cruz del Sur and its Argentinean sister company La República Compañía Argentina de Seguros Generales for $119m (£68m) payable in cash.
Towergate buys £11m broker ARG
Towergate Partnership has announced the acquisition of North London Commercial broker ARG Group. The business places over £11m of gross written premium including a significant book of property owners’ business.
Endurance Specialty completes share sale
Endurance Specialty Holdings has announced that it has completed the sale of 8 000 000 of its 7.75% Non-Cumulative Preferred Shares, Series A.
CJC - report on costs and improving access to justice
The Civil Justice Council earlier this week published a report on improved access to justice - funding options and proportionate costs. It has made 21 recommendations, summarised below. However to download a PDF of the consultation document: click here
Fusion in health and safety push
Fusion Insurance is offering on-line health and safety training to all policyholders and their emplo...
Unions in safety commitment demand
A zero-tolerance approach to eradicating fatalities and injuries at work was the focus of a Health a...
17 million work days lost due to drinking
UK employers have failed to address the growing problem of alcoholism and how it may detrimentally ...