Post - 2010-07-22

Medicals Direct buys rival

North London-based medical services provider Medicals Direct Group has acquired competitor Medibureau for an undisclosed sum.

ABI: liability classes lead rise in fraud detection

Figures from the Association of British Insurers published this week are expected to reveal the amount of insurance fraud detected and prevented last year by its members rose again, reaching a total of 122 000 cases — up from 107 00 in 2008 — with a…

Ex-Erinaceous boss returns

Former Erinaceous boss Andy Halstead has returned to the insurance market with a new property venture called Rent On Time.

Kelly quits ABI

The Association of British Insurers is on the hunt for a new director general following the announcement that Kerrie Kelly has stepped down.

Chaucer in Buenos Aires

Chaucer has opened a new office in Buenos Aires, Argentina, to access facultative property and related risks in Latin America on behalf of Chaucer Syndicate 1084.

Octagon joins aggregator

Motor insurer Octagon has joined the panel of aggregator Compare the Market. Octagon, which launched last November, was previously available exclusively on Go Compare.

Brownsword founder leaves

David Brownsword has left his role as executive chairman of Brownsword Group, two years after returning to the fraud investigation company that he founded.

Axa uses headhunters

Axa Insurance is understood to have employed headhunters to look for a candidate to fill an extended role to that of Anthony Middle, managing director of commercial lines, who has left to join Aviva in December.

Bluefin joins PE alliance

Axa-owned Bluefin has become an inaugural member of Equity Risk Partners Global, a worldwide alliance focused exclusively on the needs of the private equity sector.

Halliwells sells to BLG

Halliwells' insurance business has been acquired by London-based Barlow Lyde Gilbert, after the deal was approved by its board.

Quinn: PI insurers losers after defeat

The Solicitors Regulation Authority has welcomed the Court of Appeal's decision to uphold an earlier ruling denying Quinn Direct access to confidential information on a small firm of solicitors that it insured.

Brit deal in the balance

Private equity house Apollo is not expected to up its offer for Brit, meaning the chances of the deal being successful are 50:50, according to Jefferies International.

Travel insurers escape Goldtrail claims

Travel insurers are likely to escape a surge in claims following the collapse of holiday company Goldtrail, with the UK Civil Aviation Authority set to pick up the bill.

LJM Partnership move

Insurance broker LJM Partnership has moved to new premises in Bredbury, Stockport, in a move it claims positions it for further expansion.

Taylor joins Bartlett

The former branch director of Aon's Leeds branch Richard Taylor has joined Bartlett Insurance Brokers Group.

Willis ups contingent ante

Willis has stepped up its campaign against contingent commissions, issuing a white paper highlighting the conflicts of interest created by the payments.

Bollington affinity deal

Commercial broker Bollington has entered an affinity partnership with fleet management specialist Fleet Support Group.

Private equity firm steps in with £115m MCS deal

Swedish restoration services firm Munters has sold its moisture control services business to private equity firm Triton in a move that will see a number of key partnerships in the UK insurance market change ownership.

Overseas illness costs

The Association of British Insurers has highlighted that the cost of falling ill abroad has hit a record high, as travel insurers helped an unprecedented number of people needing emergency medical treatment while overseas.

Wiper water warning

Auto Windscreens is warning insurers to be aware of a potential rise in personal injury claims, after research by the Health Protection Agency found windscreen wiper water may be the cause of 20% of cases of Legionnaires' disease in England and Wales.

View from the top: Taking a stand over PI

There is a crisis brewing in the solicitors' professional indemnity market and finding the culprits is an open and shut case: the handful of rogue lawyers who cost their insurers millions of pounds each year and all too often, disappear into thin air.

Credit hire: Stuck on you

After Axa spurned the Association of British Insurers' general terms of agreement, many thought other motor insurers would follow suit. Rachel Gordon examines why a mass exodus has not occurred.

Legal update - costs: Recommended costs

Lord Justice Jackson recommended judges be given more powers to manage costs. Rob Williams examines the case of O'Beirne v Hudson to show how a more flexible approach is already being taken.

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