News
Dual Corporate Risks launches two new products in the DUAL Evolution Series
DUAL Corporate Risks has today announced the addition of two insurance products to its DUAL Evolution series: Crime and Pension Trustee.
Broker Lycetts unveils rebrand
Lycetts has today announced that its Algarve division, based in Surrey, is to be officially re-branded under the Lycetts Group of companies. Acquired by Lycetts in June 2005, Algarve is a general commercial broker who also specialise in arranging cover…
Ace Europe opens Czech and Hungarian offices
Ace Europe has announced the opening of two new offices in Budapest and Prague as the company further expands its presence within Central and Eastern Europe.
Brit Insurance launches new EDI home insurance product
Brit Insurance will soon be providing access to its Advantage Home Insurance product through Electronic Data Interchange (EDI) technology, exclusively via Software Solutions Partners (SSP)systems.
London market specialist appoints CEO
Sportscover Europe today announced Mr Matthew Riley as its new CEO. Mr Riley takes over from Mr Chris Nash who is now focusing on expanding Sportscover’s increasing interests in Europe.
Scottish Re looks for new CEOs
Life reinsurer Scottish Re has announced that the company has initiated a search for a chief executive to replace Paul Goldean, who took over after previous incumbent Scott E. Willkomm resigned at the end of July 2006 when a credit crunch forced the…
Hiscox hoping for PI business boost from Home Information Packs
Despite the uncertainty surrounding the introduction of Home Information Packs, Hiscox, has said that domestic energy assessors represent an important emerging professional indemnity market for the industry to tap into.
Homeserve enters talks to buy Domestic and General
Homeserve has confirmed that it approached warranty specialist Domestic and General with a view to enter takeover talks.
Hyperion investors dip in pockets again
Hyperion has raised a further £5.5m in new equity for business expansion, one of its leading investors said today. B.P. Marsh & Partners has participated in a £5.5m rights issue of Hyperion Insurance Group one of the Company’s investee companies.
CII ditches plans to award degrees
The Chartered Insurance Institute has decided to maintain its status as a professional qualifications awarding body and not to seek powers to confer degrees, following a 12-month review.
CCV acquires broker Marsh
Cullum Capital Ventures has announced its eleventh acquisition in as many months, bringing Middlesex–based Arthur Marsh & Son into the group.
LV completes £36m acquisition of Britannia Rescue
Friendly society LV has completed the purchase of Britannia Rescue from the Civil Service Motoring Association for £36m, following csma member approval.
Brokers must report fraud to auditors
Directors at insurance brokers risk ignoring the dangers from rising fraud, with many unaware of their legal responsibility to report fraud to their auditors, according to CLB Littlejohn Frazer.
Hiscox launch new insurance packages for charity, club and association trustees
Hiscox has launched two new insurance packages aimed at the trustees of charities, clubs and associations. Available from brokers, the Hiscox Charities Insurance Portfolio and the Hiscox Clubs and Associations Insurance Portfolio have been developed…
Repeat of 1927 flood could cost $160bn
The Great Mississippi Flood of 1927 - the largest flood disaster in US history - would cost up to $160bn in economic damages if it recurred today, according to risk analysts Risk Management Solutions (RMS).
Police arrest two more in Yorkshire motor fraud swoop
West Yorkshire police and the Insurance Fraud Bureau have released further details following the arrests of four people yesterday in connection with an alleged staged accident fraud ring. Two more people were arrested today.
Biba announce link up with imarket
Biba’s full range of member schemes is now being offered via imarket – presenting brokers with an even wider choice of first-class insurance products.
Law firm slams FSA's voluntary compensation rules
Companies could be required to voluntarily compensate all of their customers under the new rules being brought in under the guise of the EU’s Markets in Financial Instruments Directive (MiFID), warns City law firm Reynolds Porter Chamberlain at their…
Hiscox launches new insurance packages for trustees of charities, clubs and associations
Hiscox launch of two new insurance packages aimed at the trustees of charities, clubs and associations. Available from brokers, the Hiscox Charities Insurance Portfolio and the Hiscox Clubs and Associations Insurance Portfolio have been developed…
Post pick of the week
Anthony Gould, editor in chief of Post Magazine, provides a run down of the major news this week including: JLT CEO speaks out; Micro-captive start up eyes Euro business; TAG pair mull fate; Talbot considers acquisitions as it seals $400m deal; HSBC…
Former AA insurance boss takes RSA board role
Royal & Sun Alliance has appointed Clare Salmon as group strategy, marketing and customer director and David Weymouth, as group operations and IT Director. Both roles were created as part of the reorganisation announced in 2006 and will report to Group…
Primary unveils new regional management structure
Primary has appointed three new regional managers. Each will be supported by a team of regional underwriting managers, senior underwriters and business development managers.
Swinton seeks to accomodate penalised drivers
Drivers with six points or more on their license looking for insurance could soon be viewed as ‘standard’ rather than ‘non-standard’ according to high street broker Swinton.
Scottish Re parts company with CFO
Life reinsurer Scottish Re has announced that Dean E. Miller, its executive vice president and chief financial officer, will be leaving the company effective May 18, 2007.