News
Companies face tougher risk reporting rules
Companies look set to be forced to improve the way they report the key strategic risks facing their businesses, following criticism from accounting standards setter the Financial Reporting Council.
CCV buys Swansea's Antur
Broker CCV has bought Welsh broker Antur Insurance of Swansea.
ALC Health launches new travel insurance plan for EU residents
International medical insurance provider ALC Health has launched a new global travel insurance plan designed exclusively for European Union residents regardless of nationality.
Lark snap up Cadogan Hanover Park business from Barbon
Lark has today completed the purchase of the Cadogan Hanover Park business from Barbon Insurance, in a deal which is expected to boost the group’s annual revenues to around £23m.
Abbey to grow in legal consultancy
Abbey Protection will grow from an insurer to more of a consultancy firm with the liberation of the solicitor market. It will increase the 70 lawyers it employs and target its 350 000 SME customers to provide a wide range of legal services direct.
Clausen Miller Europe expands into Germany
Multi-national partnership Clausen Miller Europe has strengthened its international insurance and reinsurance capabilities by collaboration with its new partner Wilhelm Rechtsanwälte.
Prima completes €1.4m funding
Prima Solutions, software provider for life, P&C, large commercial risks and reinsurance Software, has completed a €1.4m round of funding.
Hurricane Katia may threaten US
Hurricane Katia, was today given ‘hurricane status’, but it is too early to tell whether will threaten communities in the Caribbean, Bermuda or in the US, according to early reports from Risk Management Solutions.
Hurricane Katia could threaten US
It is too early to tell whether Hurricane Katia, which was today given ‘hurricane status’, will threaten communities in the Caribbean, Bermuda or in the US, according to early reports from Risk Management Solutions.
Insured losses for Hurricane Irene "manageable" $6bn
The insured loss estimate for Hurricane Irene is said to be between $3bn to $6bn making the impact on insurers “material” but “manageable”, according to Fitch Credit Ratings.
Keelan Westall offers to beat quotes
Wholesale property insurance broker Keelan Westall has launched a ‘guarantee to beat’ initiative promising to beat premiums by 10% for commercial property risks over £500 until the end of the year.
Tryg invests in African renewables
Danish insurer Tryg has invested DKK50m (€6.7m) in a Danish investment fund which aims to boost the development of renewable energy in the southern part of Africa.
JLT issue solicitors' PI renewal date reminder
Broker bosses from JLT have issued a reminder for legal firms to get the best quote from insurers before the 1 October renewal date for solicitors’ professional indemnity insurance.
Wilson Organisation takes on Boots man
Nottingham insurance broker The Wilson Organisation has named former Boots The Chemist director Gary Cormack as non-executive deputy chairman to work alongside MD Charlotte Perkins and CEO Annabel Prow.
Biba and IIB call for FCA changes
The two broker bodies, Biba and the IIB, have jointly called for regulatory barriers to be lowered and for the current inappropriate style and intensity of regulation to be reformed.
Brit warns about untrained lorry drivers
Brit Insurance has issued a stark warning that shop shelves could be left bare and consumers will struggle to buy essentials such as bread and milk if truck drivers fail to comply with incoming EU driver training rules.
Policy covers schoolkids' iPads
CityMain's education insurance division Burnett & Associates has launched a policy to cover iPads and other tablet computers in schools and colleges, covering use in the classroom, at home or digs and when travelling between the two.
PowerPlace launches D&O workshops
Commercial insurance portal PowerPlace is to run free educational workshops for brokers in directors’ and officers’ insurance.
Abbey profits rise despite ATE drop
Legal and professional fees insurer Abbey Protection has announced half year results showing revenue and pre-tax profit up 6% with revenue at £18.3m (H1 2010: £17.3) and pre-tax profit at £5.0m (£4.7m).
Ex-Churchill MD joins aggregator start-up
Former Churchill managing director Mike Quinton has taken an “opportunity of a lifetime” to become Debra Williams’ first senior appointment at a new price comparison site, joining as commercial director.
Irene batters the US but commercial losses look set to be low
Hurricane Irene will be a personal lines insurance event in the US with few major commercial losses, raising the issue of coverage for flood policies, according to loss adjuster Cunningham Lindsey.
Essex broker rebuffed by Qmetric over Primo name
An Essex-based insurance broker has lodged a formal complaint against Qmetric for using the ‘Primo’ trading title, which it claims was its brand name first.
Boswell launches recruitment drive after growth
The managing director of the East Anglia general insurance and legal services firm Alan Boswell Group is targeting a fresh recruitment drive, after announcing a capital reserves growth of 36% in the past year.
Economic uncertainty boosts HNW business
Stock market crashes and market uncertainties are moving high net worth customers from stocks and shares to more tangible assets, boosting business for HNW insurers.