News
XL Group responds to food & beverage risk management needs with integrated solution
XL Group has launched its integrated insurance solution developed specifically for the food and beverage industry.
Global interest in cyber boosts CFC Underwriting profit by 30%
Cyber specialist managing general agent CFC Underwriting has grown its operating profit 31% and profit before tax 30% according to its latest financial statement for the year ended 30 September 2014 filed with Companies House.
Brockman hopes to be ‘last man standing’ after ITB manufacturer link-up
The partnership with Japanese insurer Aioi Nissay Dowa should prolong the life of Insure The Box as motor insurers become steadily obsolete, according to founder Mike Brockman.
Delays with insurer deals hits Towergate's figures as acquisition discussions continue
Towergate has revealed its income fell by 4% in final two months of the year compared with the equivalent period in 2013, with income from acquisitions partly offsetting the decline in organic income.
Towergate completes sale of Hayward Aviation to JLT
Towergate Insurance has completed the the sale of Hayward Aviation to Jardine Lloyd Thompson for a net cash consideration of approximately £23m.
ITB and Aioi Nissay Dowa are “marriage made in Heaven” says Brockman
The CEO and founder of telematics specialist Insure The Box has described the relationship with its prospective Japanese investment partner as a “marriage made in heaven”.
Stackhouse Poland MBO important ‘to maintain growth momentum’
The private equity backed management-buyout of independent broker Stackhouse Poland will allow the business to maintain its growth momentum but will not be “transformational” according to executive chairman Jeremy Cary.
Zurich & Ageas increase market share in household at expense of top five
Competitive mid-tier household insurers have been gaining market shares and market power at the expense of the top five UK household insurers, according to a report by Timetric UK FS Intelligence Center.
Axa renews £20m deal with Cherish Insurance Brokers
Axa Commercial Lines and Personal Intermediary has renewed a long-standing relationship with Essex-based Cherish Insurance Brokers.
Catlin agrees to sell Insure The Box stake to Aioi Nissay Dowa
Catlin Group has agreed to sell its stake in Box Innovation Group, to Aioi Nissay Dowa Insurance Company of Europe, a subsidiary of Japanese insurance giant MS & AD.
Home and motor premiums continue to fall shows Biba price index
The cost of home and motor insurance has continued to reduce in the last year, figures from the British Insurance Brokers' Association and Acturis Insurance Price Index show.
Insolvency Service investigating conduct of Drive Assist directors
The Insolvency Service is believed to be conducting an investigation into the behaviour and transactions of the directors of credit hire firm Drive Assist, according to the company’s liquidator Zolfo Cooper.
Plowman appointed chair of Older Drivers Task Force, which will seek evidence in New Year
The Road Safety Foundation has confirmed that its trustee and former civil servant John Plowman will chair the Older Drivers Task Force.
Easy Jet renews travel insurance contract with Allianz
Allianz Global Assistance in the UK has secured a three-year contract renewal with low cost airline Easy Jet.
Helios boosts capacity with Nameco acquisition
Helios Underwriting has agreed to acquire Nameco (No 311), a limited liability member of Lloyd's, for a total consideration of £1m in cash.
Doctors urged to submit applications for Medco portal
Doctors wishing to provide medical reports under the new civil procedure rules have been asked to complete an expression of interest survey on the Medco website by 4 January 2015.
Tesco fraudster sentenced to three years after Operation Catcher sting
A fraudster who staged accidents with Tesco delivery vans has been sentenced to three years in prison.
Top Mark co-founder Marchetti exits the company
Martino Marchetti has left Scottish loss adjuster Top Mark with immediate effect.
Stackhouse Poland completes MBO, as Hester exits
Stackhouse Poland Holdings has completed a management buy-out by current equity holders, Jeremy Cary and James Agnew, together with recently appointed CEO Tim Johnson.
Generali enters Malaysia market with 49% acquisition
Italian giant Generali has bought a 49% stake in general insurer Multi-Purpose Insurance owned by Multi-Purpose Capital Holdings.
Suspected insurance fraudsters dealt with by Ifed tops 1000
The number of suspected insurance fraudsters dealt with by the Insurance Fraud Enforcement Department topped 1000 this week after detectives arrested four men in Wales.
Ex-SSL directors launch 'phoenix' company despite outstanding debts
The former directors of defunct SSL Loss Adjusting and Nimbus Contractors Network have launched a new business, despite owing outstanding debts to previous suppliers, Post understands.
Skuld boosts contingency reserves by $5m in first nine months
Marine insurer Skuld posted positive a bottom-line result of $5m (£3.2m) for the first nine months of 2014, despite a series of large claims pushing its underwriting result into the red.
Insurers prepared for post-TRIPRA environment
Insurers operating in the US have reassured clients they will be covered for terrorism events once the US federal terrorism programme expires on 31 December.