News
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 (…
MOJ confirms delay
The delays to the personal injury reforms will likely continue until the end of the month, according to the Association of British Insurers.
Insurer to double size of sales department
ABC Insurance is to double the size of its commercial sales and customer service centre.
Mapfre Re to open in Brazil
Spanish reinsurer Mapfre Re has announced it is to establish a subsidiary in Brazil, following a meeting held today with the insurance regulator of the country (SUSEP).
New partnership aims to clean up drainage claims
Cunningham Lindsey's drainage solutions team have joined forces with UK Drainage Protocol, a technical insurance claims specialist and project manager that works specifically in the drainage sector.
ABC doubles commercial sales and customer services centre
ABC Insurance, part of the LV= Group, will be doubling the size of its commercial sales and customer service centre. The team, based in Croydon at ABC’s head office, provides the sales and support service for all brokers selling ABC’s commercial…
Co-operative reveals healthy GI results
Co-operative Financial Services has reported a 6.3% increase in total shareholder profit before tax, investment fluctuations, significant items and membership dividends at £155.4m.
Pressure grows on government over flood defences
In its response to Sir Michael Pitt’s review of flood risk in the UK, Risk Management Solutions has today highlighted the urgent need for an accurate database of information on flood defences. It added the Environment Agency currently has information…
Loss adjusters merge
Axis International Loss Adjusters and Surveyors has sold its North American specialist adjusting business to York Specialized Loss Adjusting, a division of York Insurance Services Group, for an undisclosed sum.
CGT count down: Clarke Roxborough sells out
Jelf Group today announced that it has acquired the entire issued share capital of Clarke Roxburgh and its subsidiaries; Clarke Roxburgh Insurance Brokers, Clarke Roxburgh Financial Planning and Clarke Roxburgh Mortgages.
CGT count down: Jelf acquires Argyll
Jelf Group has entered into agreements to acquire the entire issued share capital of Argyll Insurance.