News
Lloyd's insurer responds to private equity approach
Lloyd's insurer Chaucer has responded to this announcement made this morning Pamplona Capital Management with regard a cash offer for a stake in the business.
Biba News 2009: Young achievers honoured
The British Insurance Brokers' Association has named Neil Grimshaw of Ravenhall Risk Solutions as its Young Broker of the Year, and John Miller of Bluefin Group as winner of the Francis Perkins Award.
Chaucer agrees to enter into Pamplona discussions
Chaucer, the sought-after Lloyd's (re)insurer, has agreed to enter into takeover talks with private equity firm Pamplona as well as other parties.
Biba News 2009: Sterling offers up new survey offering to brokers
High net worth and commercial insurer Sterling has launched a no cost, no obligation pre-cover commercial survey service to help its brokers win new business.
Private equity house in cash offer for Chaucer stake
Pamplona Capital Management this morning confirmed its interest in acquiring up to 29.9% of the issued share capital of Chaucer Holdings by means of a partial cash offer. Final details of any proposed partial cash offer are still to be finalised.
Private equity firm interested in buying part of Chaucer
Private equity firm Pamplona Capital Management has said that it interested in acquiring up to 29.9% of the issued share capital of Chaucer Holdings by means of a partial cash offer.
RSA raises £500m of debt
RSA, the insurance giant, said that it has raised £500m of lower tier two subordinated debt.
Private equity firm interested in buying part of Chaucer
Private equity firm Pamplona Capital Management has said that it is interested in buying 29.9% of Lloyd's (re)insurer Chaucer.
Fortis UK GWP up 7% on quarter one 2008
Fortis Insurance International this morning reported that total gross inflow (including non-consolidated joint ventures on a 100% basis) increased 22% quarter on quarter to EUR 2.3 bn despite difficult market conditions. Compared to the first quarter of…
AIG to IPO Asian life unit - reports
AIG plans to spin off its Asian life insurance unit in a $5-10bn Hong Kong initial public offering in the first quarter of next year, according to reports.
Biba News 2009: DAS outlines ambitions for "market leading" offer
DAS Legal Expenses Insurance is to unevil its new motor solution to brokers at BIBA, which it has high ambitions of becoming a market leading offer.
Biba News 2009: Provident in new motor add ons push
Provident Insurance has added to its range of add-on motor policies with the launch of a product to financially assist motorists against the effects of the depreciating value of their vehicles in the event of a total loss.
MPs call for FSA regulation of personal injury claims
Five MPs have tabled an early day motion calling for the Financial Services Authority to step in and regulate the way in which personal injury claims are handled.
Biba News 2009: LV releases new broker portal
LV has today announces the launch of its new commercial package trading website. The portal 'LV Broker Gateway' will be available to all brokers with an LV agency.
Biba 2009 News: Marketform unveils new lines of business
Marketform Group, a specilaist non-US medical malpractice and other specialty lines, has announced that it is now underwriting a number of new classes of business.
Biba 2009 News: HNW and MNW specialists unite for product push
Sister personal lines insurance specialists Oak Underwriting and Plum Underwriting have joined forces to offer brokers a full spectrum of cover for all mid to high net worth policyholders.
Chaucer tightlipped on offer as it records 42.3% hike in GWP
Lloyd's insurer Chaucer this morning reported that total gross written premium income to the end of March 2009 was ahead of budget at £257.8m (2008 Q1 £181.2m), an increase of 42.3% It added underlying growth in premium income excluding Syndicate 4242…
Time to test yourself
A selection of topical questions from the question banks of Ed.Learn - The CII's Online Training Resource
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Hiscox up 51%
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Victory for "common sense" in Hungerford Bridge death case
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