Personal
Heritage develops Maltese venture
Heritage Insurance Management has announced the formation of Trinity Lane Insurance and Setanta Insurance in Malta.
Lloyds TSB Insurance latest company to outline flood loses
Lloyds TSB this morning said the profit before tax from its general insurance operations decreased by £55m, to £59 million, as a result of a £57m increase in weather related claims. The bank said £45m was related to severe flooding in the UK in June. Net…
Zurich subsidiary outlines flood response
In response to the recent flooding across the UK, pleasurecraft insurers Zurich subsidiary Navigators & General is offering a free extension of cover which will allow flood victims to use their boats for residential use. The addition also extends…
Holmans sets up new arm
Lloyd’s broker John Holman and Sons is creating a new division to handle all of its binding authority business.
50 000 claims received after floods, says ABI
Insurers are currently handling over 50 000 claims following the recent floods, as well as the earlier flooding in Yorkshire, said the Association of British Insurers.
Gocompare issues flood warning
Insurance comparison site Gocompare.com says almost 30% of UK drivers may not be covered if their car is subjected to flood damage.
Chaucer predicts motor upturn as it sets syndicate forcecasts for 2008
Chaucer Syndicates, the managing agency of Chaucer Holdings, has submitted business plans to Lloyd’s for Syndicates 1084 and 1176 for the 2008 year of account.
D & G updates shareholders on merger talks
Domestic and General will today update shareholders with regards ongoing merger talks.
Think! campaign launch
Transport secretary Ruth Kelly launched a new £3m anti-drink driving campaign last week responding ...
Smart and Cook acquires to fill niche cover gap
Axa broking subsidiary Smart and Cook has moved to strengthen its niche commercial business, with th...
Reflecting business
News Comment - Insurance contract law
Hiscox kidnap portfolio
Hiscox has acquired a portfolio of kidnap and ransom business from global broker Aon. The business, ...
Staged success fees argued
Commentary
Direct Line furore unjustified
The Motor Insurers' Bureau claims the recent furore surrounding Direct Line's failure to submit 400 ...
What the papers said this week
Boston Globe An insurance agent beat out 122 others to win Florida's annual 'Papa Hemingway' lo...
Swinton outlines £1bn income plan
High-street broker Swinton Group plans to raise its sights in order to break the £1bn premium income...
Appointment at BGL Group
BGL Group has announced the promotions to director of Tom Cooper and Will Price. Mr Price has held a...
Erinaceous shares up as it confirms talks continue
Erinaceous Group has confirmed it remains in takeover talks ahead of its Annual General Meeting today. However, the company has yet to name any prospective bidders. The property and boking group has seen its share price rise 18 pence today to 235 pence…
Fitch: Floods to have limited rating impact on insurers
Fitch Ratings said today that the total cost to insurers of recent flooding in the UK could exceed £3bn. However, Fitch expects the flooding to have a limited rating impact on UK insurers.
ABI warns government over housing plans
New housing developments must be built away from flood - prone areas to ensure that flood insurance continues to remain widely available and competitively priced, the Association of British Insurers has warned.
JLT claims Bermudian market leadership with buy
Jardine Lloyd Thompson (JLT) says it expects to place over $400 million of premium in the Bermudan market each year after completing the acquisition of insurer Park Ltd.
Marsh hires four in mid-market drive
Marsh has unveiled a quartet of senior sales appointments aimed at increasing its presence in the mid-market sector within the City of London.
Smart & Cook acquires Yorkits' BA Insurance Group
Smart & Cook has acquired the BA Insurance Group based in Yorkits, its 53rd acquisition to date.
Capita CMGL forms Syndicate 5500
CMGL Syndicate Management, a Capita Group subsidiary company, announced that it has formed a new Lloyd’s syndicate, Syndicate 5500, backed by CarVal Investors.