News
Cobra buys Tubbs shares
Cobra Holdings has exercised an option to acquire the share capital of commercial broker Tubbs Insur...
S&P warns of potential downgrades
Standard and Poor's has warned creditors that UK general insurers will face rating pressure if its p...
Online comparison launch
UK Facilities has launched a new comparative online quotation and cover system. The Bolton-based br...
Syndicate capacity cut
Chaucer Syndicates, the managing agency of Chaucer Holdings, plans to decrease the 2008 capacity of ...
Weather claims hit Lloyds TSB as GI operations dip £55m
Lloyds TSB this week reported that profit before tax from its general insurance operations decreased...
Tawa AIM float raises £20m
Non-life run-off specialist Tawa has floated its shares on the Alternative Investment Market, raisin...
Trial looms in binder case
Europ Assistance has lost the first round of a battle with its former distributor Temple Legal Prote...
PL insurers given boost by court win
The potential for claims brought against councils for accidents on icy roads was reduced this week a...
Erinaceous receives bid
UK banking giant HBOS is reported to have made an indicative offer of 300p a share for Erinaceous, t...
Chinese branch expansion plan for RSA
Royal and Sun Alliance's push into emerging markets continued this week, as it revealed plans to con...
New binding division
Lloyd's broker John Holman and Sons is creating a new division to handle all of its binding authorit...
Oval appoints third MD
Oval has appointed Peter Matthews as regional managing director of the East Midlands. This is the th...
Direct expansion hopes
Motor fleet insurance specialist Direct Commercial is hoping to double its business over the next tw...
FSA streamlines reporting
The Financial Services Authority is proposing plans to make it easier for firms to complete both the...
Lack of evidence costs Allianz pre-trial
The controversy surrounding Allianz Group's £30m fight with North Korea's national insurer continued...
Beazley's US operations boost half year profits
Lloyd's insurer Beazley has reported profits of £60.2m (2006: £28.3m) for the six months ending 30 J...
Fortis divides up UK to attract more brokers
Fortis is set to boost its broker support division as part of a reorganisation that has seen it unit...
RBSI linked with multi-million pound SME push
Royal Bank of Scotland Insurance is primed for growth after it emerged it is set to enter the direct...
IFB outlines 12 month figures
The Insurance Fraud Bureau has made 74 arrests in its first year of operation with £5.5m of assets s...
L&G rules out rating action despite £78m household hit
Legal and General has vowed to remain in the household market and not increase rates, despite report...
Green buildings place pressure on insurers
Political pressure to construct greener buildings could have a serious impact on the insurance indus...
Xbroker facility not for sale
Welsh underwriter Moorhouse has no plans to sell or list its Xbroker facility, according to group ch...
Axa triggers broker storm after 'direct is best' letter
AXA has been forced to issue a grovelling apology after it admitted it made a "huge mistake" sending...
Lloyd's snubs QBE reform calls
Lloyd's has indicated there will be no change to the annual venture system after QBE blasted it for ...