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Quanta downgrade triggers credit facility default
AM Best has downgraded Bermudian (re)insurer Quanta’s financial strength rating from B++ (Very Good) to B (Fair), an action that has triggered a default under Quanta's credit facility.
Smart & Cook adds another buy
Harrogate-based national insurance broker Smart & Cook has completed the purchase of Bath broker Kallender Jeffries, its 51st acquisition.
Absolute bought by Blue Cube
Blue Cube Group, a provider of intelligent protection security solutions, has acquired Sussex based cognitive interviewing business Absolute to create a new business combining security and fraud solutions primarily targeting the insurance and financial…
Taxi Direct reports 75% saving
Taxi Direct claims to have reported 75% savings on the time taken to generate quotations within three months of installing the company’s broking system, CDL Classic.
Oval formalises claims contract
Broker Assistance the motor claims management company for brokers, has won a contract from Oval Insurance Brokers to handle all motor claims suffered by its clients at three of its offices.
Axa goes live with imarket surgery product
Insurer Axa has become the first insurer to go live on the Acturis platform with an integrated imarket Surgery product.
Broker Network backs Towry Law GI MBO
The Broker Network has bought out Towry Law's general insurance and healthcare arm, in partnership with the firm's senior management.
L&G changes gear and pulls out of motor
Legal and General has decided to pull out of the motor market after a wholesale review of its genera...
Markerstudy boosts M&A strategy
Insurer Markerstudy has reinforced its acquisitive growth programme, with the appointment of a forme...
Appointment at Halifax Bank of Scotland General Insurance
Halifax Bank of Scotland General Insurance has made Tom Woolgrove managing director. He has replaced...
Lawyer warns of Lloyd's reluctance
No more Lloyd's insurers are expected to move any run-off portfolios to the company market this year...
Halifax Bank of Scotland General Insurance appointed sole provider
Halifax Bank of Scotland General Insurance has been appointed as the sole provider of home insurance...
Penny Black's insurance week
Blue Donkey GI doesn't really have the same ring to it as Open GI but that was one of the ideas that...
Hail the disciples of underwriting discipline
If the insurance industry tumbles into a sustained slump in the next few years we might trace the ca...
Cashing in on the eco pound?
Call it the 'David Cameron factor' but last week saw the launch of "the first eco-motor insurance pr...
Helphire buyout mooted
Helphire could be seeking private equity investment as an alternative to raising more shareholder ca...
Dunn joins ambitious firm
Consumer electronics specialist Supercover Insurance has identified an acquisition target, the insur...
Quanta still looking for backers for its Lloyd's syndicate
Quanta is still looking for backers for its Lloyd's syndicate, despite placing its speciality insura...
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Chubb Insurance offers personal lines brokers exclusive quotes
Chubb Insurance is offering its personal lines brokers exclusive quotes for high net worth masterpie...
Police move to beat insurer red tape
The police have initiated new moves to speed up the fight against uninsured drivers, after they foun...
Appointment at XL Insurance
John B Gallagher has been made XL Insurance's chief underwriting officer, global property operations...
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