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Names' agency in £15m float plan

Lloyd's Members agency Hampden has announced its latest plan to lure private capital with a new vehicle targeting investors of more modest means.

Hampden Underwriting has announced its intention to float on the Alternative Investment Market and raise up to £15m through a subscription offer.

The existing members agency Hampden Capital intends to

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Willis warns 7 in 10 businesses are underinsured

James Adams, head of valuation services at Willis, has warned businesses are increasingly at risk of being caught out by average clauses because outdated property valuations are failing to reflect rising rebuild costs.

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