News
Cullum hails diversification with letting agent swoop
Cullum Capital Ventures has announced a diversification by acquiring a majority stake in Managing Agents Reference Assistance Services, a provider of tenant referencing services for letting agents.
Report reveals plight of the insurance underclass
A new report by the Association of British Insurers has revealed that 35% of households earning less than £10,000 a year have no insurance at all.
Are you brave enough?
The Prince's Trust's Insurance Leadership Group has launched its overseas challenge for 2008 and is inviting entries from insurance industry teams to go head to head with their peers and rivals. The challenge is to travel across the Namibian desert for…
Airmic and InFires release risk management codes for food sector
The Insurers’ Fire Research Strategy Scheme (‘InFiReS’), in association with the Association of Insurers and Risk Managers (‘AIRMIC’) and the Food Industry Panels Group (‘FIPG’) has issued a revised code of practice for the Food Industry.
Judge highlights contradictions
Justice Rivlin continued his summing up by highlighting to the jury areas of apparent contradiction in the defendants' testimony. Martin Friel reports .
Up to $200m insured losses from Taiwan typhoon
Insured losses in Taiwan from both wind and precipitation-induced flooding from Typhoon Krosa are unlikely to exceed $200m.
Bodily injury claims report reveals 9.5% inflation
The total cost of bodily injury claims paid by UK motor insurers has significantly outstripped inflation over the past decade rising at 9.5% a year between 1996 and 2006 – more than double the growth in average earnings. Results from the Fourth UK Bodily…
Rubicon name dropped as EMR Europe plans expansion
EMR Europe has completed its rebranding after the acquisition of Rubicon in May and has appointed two managers to help progress its expansion plans.
CNA completes London office move
CNA Insurance Company has completed its move to new offices in the City of London. From October 1st, CNA’s European head office operations - including management, HR, administration and claims handling have been based at International House at St…
Direct Line launches buy to let product
Direct Line has launched a new insurance product for buy to let residential property owners.
BLG partner: multi million pound cases are on the rise
Multi-million pound personal injury claims are on the increase, Barlow Lyde & Gilbert partner Danielle Singer claimed today.
PB Roadshow: begins 9 October
The Professional Broking Roadshow 2007 starts tomorrow at the Royal Armouries Museum in Leeds.
IRM takes a global perspective
The Institute of Risk Management has revamped its post-graduate qualification to give people working in the area the chance to “gain a truly global perspective”.
Howden hires Ferguson to build GL team
Howden is building a team to further enhance its capabilities in general liability, with the appointment of Greg Ferguson to lead its team.
Marsh assembles jumbo $425m US property facility
Marsh has unveiled a property facility that will provide up to $425m of non-catastrophe capacity in the London market for US and Canadian companies. The facility can also be adapted to provide up to $262.5m of non-critical catastrophe capacity and up to …
CBG aquires London-based Marcus Hearn for £2.7m
CBG Group has completed the acquisition of Marcus Hearn & Co the trading subsidiary of the Marcus Hearn Group of Companies on 5 October 2007.
D&D to rebrand as Assurant
D&D Homecare, recently acquired by Assurant Solutions, is to adopt its parent company’s brand. With effect Monday 5th November 2007, the business will have a new name – Assurant Solutions Intermediary.
Halifax admits multi-million pound insurance charging error to the FSA
Halifax is writing to 200 000 customers to let them know that an incorrect amount was collected from their bank account to pay their monthly home insurance premium. This was due to a technical error which has been rectified.
Rivlin: Interpretation is key
The interpretation of Michael Bright’s words will be a key factor in the jury’s decision, the judge said today in his second day of summing up the case, reports Olivier C Laurent .
Oxygen launches self insurance facility
Oxygen Insurance Brokers and Close Wealth Management Group have launched a self insurance facility for UK businesses and professional practices, enabling them to reduce their insurance premiums.
Sagicor in second London market swoop
Sagicor Syndicate Holdings has completed the acquisition of 100% of the share capital of Byrne & Stacey Underwriting.
Ex-Fusion underwriting manager to head up Arista South West push
Arista Insurance has appointed Andy Saxon as regional underwriting manager at the company’s Bristol branch.
Groupama rolls out fleet management initiative
Groupama Insurances has launched a new fleet risk management programme to conduct risk assessment and driver training.
Rivlin kicks off summing up
The scope for finding the three defendants guilty in the Independent trial has been laid out to the jury by the judge, Mr Justice Rivlin. Ed Vinales reports .