Commercial

Towergate Professional Indemnity Push

Towergate have announced the creation of a new professional indemnity underwriting agency and support centre based in London under the trading style of ‘Towergate Underwriting – Professional Indemnity’.

Catlin decreases rates on average 2%

Catlin has issued a trading statement following its AGM, declaring rate adequacy remains favourable across the classes of business underwritten by thegroup, with a weighted average premium rate decrease of 2 per cent to April 30 2005 compared with the…

A Grace-ful NU beginning

The website was just the start - Adrian Grace, Barclays' new head of insurance, is planning to shake up every aspect of the service, as Jonathan Swift discovers

W Virginia AG sues Acordia over commissions

West Virginia attorney general Darrell McGraw has announced that the state is suing Acordia of West Virginia, and its parent, Acordia, following allegations that the companies received millions of dollars in hidden "contingent commissions" paid to them…

Cornhill reenters cricket sponsorship

Twenty-seven years after Cornhill Insurance became cricket’s first major financial sponsor, Allianz Cornhill has announced that it will become the first commercial sponsor of an initiative designed to regenerate competitive cricket in state schools.

QBE expands trade credit book

Following the appointment of Jeremy Hughes as Portfolio Manager of its Trade Credit team in London, effective 4 April 2005, QBE Insurance has expanded its products to include credit and surety solutions, incorporating whole turnover.

KWELM payouts increase again

Creditors of the insolvent London-based KWELM insurance companies will receive an average additional 11 per cent payout across the five companies, according to the eleventh annual report for 2004 issued today. The average payment will be 64 per cent.

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