News
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.
Zurich launches new home contents cover
Zurich is launching a new mid net worth insurance product called Home Solutions Advantage.
St George's Day deadline for claims farmers
The head of claims management regulation for the Department for Constitutional Affairs, Mark Boleat, confirmed that it would be an offence to operate without authorisation from 23rd April 2007.
FM Global to open Hong Kong office
Commercial and industrial property insurer FM Global has received regulatory approval to establish an insurance branch office in Hong Kong.
Adjuster recruits Crawford chief for new subsidence arm
Iain MacLean, former UK chief engineer with Crawford and Company, has joined Davies Chartered Loss Adjusters to become head of subsidence, managing the business’s new subsidence division.
Law firm announces merger
Plexus Law, part of the Parabis Group, has today announced that it is to merge with the defendant department of Cheshire based law firm Bott & Co. Under the agreement the newly created firm, which will retain the name Plexus Law, will be headed up by…