News
Hub buys M&L International
Hub International, the US announced today that it has acquired M&L Insurance Services Corporation (M&L), a Thousand Oaks, California agency specializing in Employee Benefits for an undisclosed sum.
Castlepoint reports Q3 loss
CastlePoint Holdings, the Bermudian (re)insurer, reported a net loss of $13.2m for the third quarter of 2008 as compared to third quarter 2007 net income of $10.5m.
Bank of England makes dramatic interest rate cut
The Bank of England has cut interest rates to 3% from 4.5% in today's midday decision after a meeting of the Monetary Policy Committee. The move was more than expected from many analysts.
ARC AGM sees new chairman come on board
Paul Corver has been formally ratified as the new chairman of ARC, the UK trade body for legacy management professionals.
Flood risk homes should be more resilient warns EA chief
New Environment Agency chief executive Dr Paul Leinster has urged the insurance industry to do more to help people whose houses have flooded.
RSA maintains UK premium levels
RSA has reported an 11%, or 4% at constant exchange rates, rise in group written premiums to £4.9bn for the third quarter of the year.
Marsh launches helpline to answer credit insurance queries
Marsh has launched a Trade Credit Helpline to help UK businesses address issues related to credit risk. The broker said that mounting fears of a UK recession among businesses have led to a sharp increase in enquiries about purchasing trade credit…
APC boosts regional expansion with three new BDM’s
Commercial insurance underwriting agency APC has appointed its first three business development managers (BDMs) as it rolls out its plan to expand its regional presence. The new team members will create the UK regional platform required for APC to double…
Pick of the week
Post reporters Sarah Hills and Louise Meeson round up the top stories from the general insurance sec...
Appointment at Towergate Partnership
Towergate Partnership has appointed Darryl Clark to its main board as company secretary and group ri...
Bright pays settlement agreement
Former Independent Insurance chairman and managing director Michael Bright has paid liquidators more...
Giles purchase secures technology foothold
Giles Insurance Brokers has revealed plans to target technology business, while further strengthenin...
BMI Baby in Fogg deal
BMI Baby has signed a new three-year contract with Fogg Travel Insurance Services for the sale of tr...
BGL plans to end seven-year itch with acquisition push
Personal lines broking giant BGL group is set to actively hunt for acquisitions for the first time i...
Pembroke to expand with property team
Pembroke Managing Agency looks set to establish a London-based property team in a bid to expand its ...
Subscription solution touted
A specialist travel insurer has called on the industry to work together to insure high-cost cases in...
What the papers said this week
BBC Online The Indian government has approved a bill that paves the way for foreign investors t...
AMII backs 'topping up'
The Association of Medical Insurance Intermediaries has welcomed Professor Mike Richards' report sta...
Zurich comes out on top
Zurich has come first in a customer satisfaction index run by CFI Group for home and car insurance p...
Appointment at Broker Direct
Broker Direct has appointed Barry Fehler as non-executive chairman. Mr Fehler, previously the non-ex...
Appointment at Kennedys
Kennedys has expanded its recently acquired Birmingham practice with two teams of lawyers from DLA P...
Workplace deaths to rise
A Health and Safety Executive report has suggested the annual number of work-related cancer deaths i...
MP calls for overseas compensation overhaul
An MP is calling for an end to the "discrepancy" between how UK victims of terrorism are compensated...
Marshall Wooldridge buys
Leeds-based Marshall Wooldridge has acquired the entire share capital of Garforth based HNH. Establi...