News
Dixons.co.uk partners Call Connection
Call Connection, the specialist call-transfer business to the insurance industry, have partnered DSG international (DSGi) to launch comparemoreatDixons.co.uk, a UK price comparison site for Dixons.co.uk, the UK’s largest online electrical retailer.
Cunningham Lindsey establishes claims management faciltiy in Leeds
Cunningham Lindsey UK’s specialist liability practice, Liability Services, is opening a new, desk-based liability claims management facility in Leeds, headed up by Bob Allen, who recently joined the business from Garwyn.
Household insurers’ losses exceed £300m for 2007
According to a new report by independent market analyst Datamonitor, household insurers suffered an estimated loss of over £300m in 2007 due to the severe flooding experienced in the summer. However, the market is forecast to return to a profitable state…
Ecclesiastical latest insurer to join broker-owning ranks
Ecclesiastical has become the latest insurer to jump on the ‘buy-a-broker’ bandwagon with the purchase of equine specialists, South Essex Insurance Brokers (SEIB), for an undisclosed sum.
Swinton employs new routing solution
Swinton Insurance has deployed Alcatel-Lucent’s IP telephony solutions across 450 sites in a bid to increase successful sales calls and increase the standard of customer service.
DAS division expands its after-the-event offering
80e, the ATE trading division of DAS, has enhanced its product range with the addition of new Personal and Business Litigation policies.
Scottish broker moves to £3m HQ
Scottish broker, Central Insurance Service, has opened a new £3m headquarters in Aberdeen.
New LBBS members add £11m GWP
Broker network Layton Blackham Business Solutions (LBBS) has signed-up 10 new members including a number of start-ups since announcing its growth plans in November.
New IIB chief executive appointed
The board of the Institute of Insurance Brokers has announced the appointment of Barbara Bradshaw as its new chief executive following the sudden death of Andrew Paddick.
Zurich results reveal high combined ratio
Zurich UK has announced an operating profit of £91m and gross written premium (GWP) of £2,060m in its 2007 results.
European insurers expect modest cost for Solvency II compliance
More than three-quarters of large European insurers expect to spend less than £18m through 2012 on Solvency II compliance, with more than half of those expecting to spend less than £3m, according to results of a survey released today by Accenture…
Lloyd’s applies for Brazilian licence
Lloyd’s is set to expand in Brazil, and announced it is in the process of making a formal application to be an admitted reinsurer in the country and will establish its first representative office in Rio de Janeiro.
Oxygen Insurance Brokers opens Glasgow office
Oxygen Insurance Brokers has opened a new office in Glasgow by its UK Corporate Risks Practice. The opening is a response to the growth in Scottish commercial insurance business, and is also the first location of the Practice’s new specialist Mergers &…
CII strengthens team to support professional standards initiative
The CII is increasing the resource behind its initiative to raise professional standards and increase levels of qualifications in the general insurance sector.
Quantum directors complete buyout
Stefan Wissenbach, co-founder and chairman of Warwick-based Quantum Underwriting Solutions, has been bought out of the firm by directors James Wasdell and Lee Rhodes.
FSCS levies set to top £30m in next year
Financial services firms are expected to pay a net total of £30.7m in levies in the next financial year, according to the Financial Services Compensation Scheme (FSCS).
Endurance issues annual results
Endurance Specialty Holdings has revealed a net income of $521.1m (£265.6m) in its 2007 annual results.
CCV snaps up regional Lockton sites
Cullum Capital Ventures (CCV) has announced the acquisition of a portfolio of businesses from Lockton International.
Towergate strengthens affinity business
Towergate has acquired Kent-based affinity specialist, Woodgate & Partners.
RSA acquires Fyfe Group
Royal & SunAlliance (RSA) has acquired the Fyfe Group for an undisclosed amount.
CII accreditation awarded to Scottish college
Cardonald College has become the first Scottish education institution to receive Accredited Provider status from the Chartered Insurance Institute (CII).
Smart & Cook moves to Dundee
National insurance broker Smart & Cook has opened its third Scottish office, in Discovery House on Dundee’s Technology Park.
ABC links up with RiskSTOP
ABC Insurance has appointment RiskSTOP to provide risk management services for its commercial insurance portfolio.
Lark makes first Groupama-backed purchase
Lark Group has acquired Hampshire-based Griffiths Good & Company for an undisclosed sum. The acquisition will add around £7 million gross premium, £1m revenue and 14 staff to the group.