News
Towergate to buy Broker Network
The Broker Network announced it had received a takevoer offer from Towergate, an offer the board of directors of the network will recommend to its shareholders.
Scottish Re faces claim from rescue investors
Troubled life reinsurer Scottish Re has revealed accounting errors that have given rise to a written request from the investors that rescued the firm in 2006 to ask for a independent committee to be set up to decide on financial compensation.
Oxfam: Natural disasters quadrupled in 20 years
Natural disasters have quadrupled over the last two decades, from an average of 120 a year in the early 1980s to as many as 500 today, according to a new report published by international charity Oxfam.
Brit strengthens US business
Brit Insurance Holdings has appointed appointment of Clive Moore as North American professional indemnity underwriter. He takes up his new position on 28 November 2007.
Willis appoints new European CEO
Flavio Piccolomini, former chief executive of broker Willis’ Italian operations, Willis Italia Spa, has been appointed chief executive for Willis Continental Europe, including the Nordic region.
RI3K reviews pricing policy
Responding to market criticisms over its pricing, RI3K is publishing a simplified pricing tariff.
Aurigen launches $500m Canadian life reinsurer start up
Bermuda-domiciled Aurigen Re Capital has announced that it has completed initial capitalization by securing C$500m of equity to support the start up of a life reinsurance business unit in Canada.
Axa launches Tradesmen and Professionals packages
Axa has launched Tradesmen and Professionals, two new products designed specifically for small businesses without premises to insure.
Lomas reaches appeal decision
Dennis Lomas, the former finance director of Independent Insurance, has decided not to appeal the Southwark Crown Court sentence .
Pittman quits Halifax to head up supplier
Jim Pittman, presently head of household claims at HBOS General Insurance is due to take over as managing director of VFM, the claims management and risk consultancy business from January.
Europa ties up deal to boost commercial business
Online SME comparative quote facility Iprism has boosted its penetration into broker distribution via Europa’s network of 1500 brokers.
Howden stengthens board with duo
Howden has strengthened its UK board with the appointments of Charlie Langdale and Mike Lobb subject to the approval of the Financial Services Authority.
Brit renews Augsburg aviation cover
UK (re)insurer Bri has renewed of its binding authority with Augsburg Re, effective 1st January 2008. The agreement, now entering its sixth year, enables Augsburg Re to underwrite aviation non-proportional reinsurance for and on behalf of Lloyd’s…
Axa to pilot medical testing in pharmacies
Axa will pilot medical screening in pharmacies for its protection products with access to techniques, which will include needle-free skin tests, saliva tests and hair analysis.
Axa in major product push
Axa today launched tradesmen and professionals, two new products designed specifically for small businesses without premises to insure.
Eversheds unveils new partner
Eversheds has strengthened its insurance and reinsurance practice with the appointment of Patrick Devine as partner.
Aon reveals new partnership
Aon Global Insurance Managers has formed a strategic partnership with RBS International to provide investment cash funds exclusively for its captive clients.
Fortis teams up with Uinsure
Fortis has become the fourth member of Uinsure’s home insurance panel.
UK government launches new flu pandemic plan
The UK department of health has published a new plan to increase preparedness and better protect the public against a possible flu pandemic.
Cruise ship in trouble in Antartic Ocean
According to reports a cruise liner thought to be the MV Explorer is sinking off the coast of Argentina after hitting an iceberg.
Broker swoops for two from Marsh and Lockton
Ntegrity Professional Indemnity, the newly formed Bristol-based specialist Insurance Broker, continues its expansion drive with two key appointments.
Heritage places shares to raise funds
Heritage announced the firm placing of 2.8 million Placing Shares at a price of 110p per share to raise £3 million (£2.9 million after expenses).
MMA tender result
Kewill has won a contract to deliver a new streamlined electronic communication platform to insurer MMA. The facility is designed to improve service and deliver competitive advantage to its broker network.
CCV takes minority stake in construction broker
Cullum Capital Ventures has announced the purchase of an undisclosed minority stake in specialist construction broker Morgan Law. Based in Ipswich, the business has a gross written premium approaching £20m and has built a strong reputation in the…