News
Cobra secures £6.9m refinancing deal with Clydesdale Bank
Cobra Group has secured a £6.9m debt refinancing with Clydesdale Bank with the aim of growing the business.
Further acquisitions not on Duperreault's radar at Hamilton
Hamilton Insurance Group CEO Brian Duperreault is not planning any further acquisitions after completing a deal to buy Lloyd's operation MBA Sportscover Underwriting.
Fraud investigation firm VFM enters liquidation
Peterborough-based claims investigation firm VFM Services has gone into liquidation resulting in the redundancy of the firm's entire workforce, Post understands.
Xchanging insurance and claims boss Pell resigns
Services provider Xchanging’s insurance and claims services managing director Max Pell has resigned after five years with the firm.
French customers seek legal action over Aviva life contracts
A lawyer representing Aviva life insurance customers in France has registered 10 further clients in the past two weeks who want their fixed price arbitrage contracts honoured by the insurer.
IGI targets untapped Middle East and African markets at it plots UK growth
International Insurance Group will eschew the saturated markets of Northern Europe and the United States as it looks to build its London operation, according to CEO Andreas Loucaides.
Pet insurance market forecast to reach £1.1bn by 2018
UK pet insurance premiums are forecast to reach £1.1bn by 2018 with market growth driven by rising vetinary fees, high claims costs and advances in vetinary treatment.
Scope joins Willis as Bermuda chairman
Willis has appointed Jardine Lloyd Thompson's Paul Scope as Willis Bermuda chairman.
Charles Taylor completes Scottish Widows International purchase
Professional services firm Charles Taylor has completed its acquisition of Scottish Widows International, a business it has administered for the past eight years.
Quiz of the week - 2 April
Test your knowledge of this week's industry news stories with our just for fun quiz.
IAG increases stake in Indian insurer to 49%
Insurance Australia Group is taking advantage of new rules in India to increase its 26% stake in SBI General Insurance to 49%.
Integro buys Hertfordshire-based NPA Insurance
US broking group Integro has added to its list of UK brokers with the purchase of £30m gross written premium broker NPA Insurance.
Quindell shares resume trading after miscalculation forces suspension
Business outsourcing provider Quindell was forced to suspend trading in its shares after the firm miscalculated the profits from its professional services division in a letter to shareholders regarding the unit’s sale to law firm Slater & Gordon.
10 found guilty in £1m fraud scam
Ten people involved in a £1m crash-for-cash scam have today been found guilty of conspiracy to defraud at the Manchester Crown Court.
CNA Hardy becomes underwriting partner for Dual's marine and energy business
Dual’s global marine and energy business has started underwriting supported by CNA Hardy’s Lloyd’s syndicate.
Motor market constraints not Gibraltar-specific, GIA says
Market constraints that contributed to Gibraltar-based underwriter the Service Insurance Company ceasing to write business are likely to felt by motor insurers Europe-wide and not just in the UK overseas territory, the Gibraltar Insurance Association…
Volkswagen and Ageas team up for new motor proposition
Ageas UK and Volkswagen Financial Services have entered into an agreement that will see customers buying an Audi vehicle receive a new, fully branded motor proposition from the insurer.
Post Office Money unveils new over-50s household policy
Post Office Money has launched a new home insurance product for customers aged over 50.
CMC Direct Assist fined £80,000 for nuisance calls
Claims management company Direct Assist has been fined £80,000 by the Information Commissioner's Office for making direct marketing calls to people without their consent.
April Fool's: Independent Insurance to be re-launched at Biba Conference 2015
Kites may well fly above the Manchester Central Conference Centre at the British Insurance Brokers' Association conference on 13 May, but it won't be to celebrate the launch of Independent Insurance Mark II.
Carlyle Group buys Nationwide Accident Repair Services for £43.2m
US private equity firm Carlyle Group has agreed a deal to buy AIM-listed Nationwide Accident Repair Services for £43.2m.
LV picks Wunelli to develop safer driving telematics app
LV has selected Wunelli to support its entry into the usage-based insurance arena with the launch of its first telematics app.
Blog: Private sector pain for brokers part of the price of peace in Northern Ireland
It is almost 17 years to the day since the Good Friday Agreement brought an end to 30 years of sectarian conflict in Northern Ireland, yet the lasting legacy of ‘The Troubles’ continues to have a profound effect on the local economy and the general…
Hamilton completes deal for Sportscover
Bermuda-based Hamilton Insurance Group has tied up the acquisition of Sportscover Underwriting for an undisclosed amount.