News
ProtectaGroup to expand commercial division
Welsh-based broker, ProtectaGroup, has made two appointmenst to its commercial division.
NU's profits halve due to flood losses
Norwich Union's general insurance and health profits for the first six months of 2007 have halved in the wake of recent flood losses to £284m (2006: £560m)
Axa results impacted by £115m weather losses
Axa UK reported revenues in general insurance of £1.86 bn for the first half of 2007, up 9% on the same period in 2006 (£1.71bn). However, its profit and combined operating ratio were impacted as a result of £115m weather losses.
Aon acquires classic car broker
Aon has announced an agreement to acquire specialist vehicle insurance broker, Firebond. The terms of the transaction are not disclosed.
New PI brokerage startup
A new insurance broker specialising in professional indemnity (PI) and commercial insurance has been launched in Bristol. NTEGRITY Insurance Solutions will provide tailored insurance products alongside a dedicated claims service to businesses across the…
Oval buys a further Midlands broker
Oval has made its twentieth acquisition, increasing its presence in the Midlands still further with the purchase of Martin and Pethard and its associated company Premier
Slade Edwards & Co join Broker Network
Slade Edwards & Co has joined Broker Network, bringing the total number of firms recruited to the network to 169.
Flood damaged car warning
The second-hand car market could become swamped with flood damaged cars according to the AA.
Sales at Towergate Partnership increase by 30.9%
Sales at Towergate Partnership increased 30.9% to £709m of gross written premium for the first half of the year.
CCV acquires Liverpool-based broker
Cullum Capital Ventures has acquired Liverpool–based Ajax Insurance Brokers.
Brokers positive about insurers role in flooding crisis
Recent severe flooding in parts of the North and the South West of England will ultimately have a positive effect on the reputation of the UK insurance industry, according to a survey by NIG.
Equity acquires Somerset broker
Equity Insurance Group has purchased Bridgwater broker, Squibbs Insurance Consultants - its eighteenth regional acquisition in just 12 months.
Towergate acquires aviation broker
The Towergate Partnership has acquired London-based Hayward Aviation, the UK’s largest general aviation broker. All 80 of its staff and senior management will join the Towergate Group.
Hiscox to launch new national ad campaign
Hiscox will launch its new national advertising campaign on TV and in print on 6 August.
Mark of quality for broker
Alan & Thomas Insurance Brokers has become what is believed to be the first privately-owned firm of its kind in Dorset to gain chartered status.
BIBA attacks insurers over rate increases
The British Insurance Brokers’ Association (Biba) has slammed announcements from insurers that property premiums will increase by 10% following the floods in the UK this summer.
RSA refuses to follow NU rate hike
In response to Norwich Union's decision to raise domestic property insurance premiums by an average of 10% from next week Royal & Sun Alliance stated: "Our approach is to charge the right price to reflect each customer's individual property and…
NU hikes property rates
Norwich Union is to raise domestic property insurance premiums by an average of 10% from next week, according to media reports.
Acquisiton consolidates Marsh’s position in Finnish market
Marsh has acquired the business of Heath Lambert Finland Oy (HLF Oy), the country’s third largest insurance broker.
ABC Insurance targets North of England
ABC Insurance, part of the LV= Group, has announced the opening of its north of England regional branch office based in Sheffield.
Highway completes exit from Lloyd’s
The Board of Highway Insurance Holdings (Highway) has obtained Court approval for the transfer of the business of Lloyd’s Syndicates 37 and 2037 to Highway Insurance Company, pursuant to Part VII of the Financial Services and Markets Act 2000 (the …
Jelf acquires Bristol-based broker
Bristol based commercial consultancy Jelf Group has acquired John Lampier and Son (Lampier), also based in Bristol. The acquisition of Lampier will make the combined Group the largest Bristol-based, general insurance broker in the South West.
Floods cause more than 50,000 claims
In what is on course to be the wettest year since records began in 1766, 2007's floods have resulted...
Cory-Wright joins London-based insurance firm
Chicago-based Sidley Austin has set up a new London-based insurance and reinsurance dispute practice...