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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.

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.

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.

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.

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.

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.

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.

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.

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…

Medicals Direct buys rival

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

Adjuster appoints new Greek head

Charles Taylor adjusting has appointed James Greene as director of its average adjusting business, Richards Hogg Lindley (Hellas), in Piraeus, Greece.

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