News
Lark acquires Lloyd's broker
Lark Group have today announced the purchase of Somerville Insurance Services, a Lloyd’s broker based in the City and Sudbury, Suffolk.
QBE to merge operations in PI push
QBE Europe has announced its plans to fully integrate the management of the professional indemnity portfolios of QBE Insurance and DA Constable Syndicate 386, to be known as QBE PI.
IUA welcomes NAIC collateral vote
Efforts to reform US collateral rules have been welcomed by the International Underwriting Association (IUA).
FSA issues another warning over commission disclosure
The Financial Services Authority has sent out another 'dear CEO' letter on the subject of conflict of interest and commission disclosure following its own research into the area uncovered some non compliance.
Brit appoints two executives
Brit Insurance has appointed Nigel Bennett as chief investment officer and Neil Sharman as head of Group Tax.
Ascot recruits a senior lawyer and broker to aid growth
Ascot Underwriting has recruited Diarmuid Brennan and Michael Bullock to the positions of Syndicate General Manager and Business Development Manager respectively.
Skipton adds to PMI intermediary business
The Private Health Partnership part of Skipton Building Society group, has acquired the medical insurance portfolio of JSP Medical Insurance Services for an undisclosed sum – PHP’s fourth acquisition in three years.
Hiscox completes reorganisation
Hiscox has announced that its corporate reorganisation to introduce a new Bermudian domiciled holding company for the group has become effective and that the new ordinary shares of Hiscox Ltd have commenced trading on the London Stock Exchange.
Serial claimant ordered to pay costs in insurance victory
A Birmingham man who was awarded compensation for two accident claims has been forced to pay it back after it was found that he failed to reveal details of previous accidents.
Securah launches MPPI clinics
Securah is launching a series of MPPI clinics to help mortgage intermediaries increase sales of payment protection insurance.
Insurecom becomes climate neutral
Insurecom has announced today that it completed its transition to become a 'climate neutral' company.
NIG ties up five year underwriting deal
FarmWeb has announced that it has renewed its agricultural insurance partnership with NIG for a further five years.
UK's largest insurer adds voice to VAT on outsourcing debate
Norwich Union's parent Aviva today welcomed the publication of ‘The Study to Increase the Understanding of the Economic Effects of the VAT Exemption for Financial and Insurance Services’, by the European Commission. The Study was produced by…
CNA hires two for Southern UK expansion
CNA is hoping to expand its financial, personal accident and travel books in the UK's South East, with the appointments of underwriters Michael Shen and Chris Hurford-Green.
Brit launches charity protection indemnity policy
Brit Insurance has launched a new charity protection indemnity policy, expanding its suite of Directors’ and Officers’ products.
Consumer research shows lack of confidence in raising small claims limit
Arguments against increasing the small claims court limit for personal injury victims gained momentum today, as the Law Society published new research into clients’ attitudes about bringing claims without the benefit of legal advice.
More academics predict stormy 2007
Scientists from the Department of Atmospheric Science at Colorado State University have predicted an above-average North Atlantic hurricane season in 2007
Defaqto appoints new chairman
Defaqto Group has announced the appointment of Rupert Pennant-Rea as chairman.
Insure and Go seeks new financial backing to fuel growth
Travel insurance provider Insure and Go has announced it is seeking capital from a partner "to exploit the current opportunities that exist in the market".
Lords block insurer's Flora v Wakom appeal
The House of Lords Appeals Committee has refused Allianz Cornhill leave to appeal in the Flora V Wakom action.
North west merger to create £23m legal powerhouse
Leading regional law firms DWF and Ricksons have announced they are in merger talks. The move would create one of the largest regional law firms and would take effect from 1 January 2007.
New Oval director Howell to begin recruitment drive
Broker Oval is to begin a drive to grow its medium-sized corporate client base with the appointment of Steven Howell as new business director.
CCV acquires Gardners of Wickford
Acquisition vehicle CCV has completed its sixth deal in as many months, with Gardners of Wickford, Essex joining the group.
Advent latest to join Lloyd’s Bermuda rush
Lloyd’s–based catastrophe reinsurance specialist Advent is to set up a reinsurance operation in Bermuda.