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Fortis agrees £59m Tesco Bank travel deal

Fortis UK has signed a five-year deal with Tesco Bank to provide underwriting, claims management and sales and service support to Tesco Bank’s travel insurance customers, worth £59m in gross written premium.

Hiscox enters classic car partnership

US-based classic car broker Hagerty International has signed a deal with Hiscox which will see the insurer provide capacity for its UK classic car insurance products.

Scor reports 19% growth

Property and casualty and specialty treaty renewals at end of June have resulted in premium growth of 19% at constant exchange rates, while fully respecting the technical underwriting profitability criteria.

Brit opens books to private equity

Brit has confirmed that private equity house Apollo has submitted a revised indicative proposal to acquire the entire issued and to-be-issued ordinary share capital of the company at a price of £10.75 for each share in cash.

Energy rates rise

Worldwide energy insurance rates will continue to harden in 2010 because of the Deepwater Horizon oil disaster Beazley has claimed.

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