Towergate deal
Towergate Underwriting Group has purchased the farm insurance portfolio of Taunton-based Lloyd & Whyte. The book is worth £3m in gross written premiums, said Towergate.
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Towergate dealTowergate Underwriting Group has purchased the farm insurance portfolio of Taunton-based Lloyd & Whyte. The book is worth £3m in gross written premiums, said Towergate.(First published on 7 July.)
PL product launchCox Insurance's guaranteeing and marketing services subsidiary, HML Marketing, has launched an excess of loss public liability policy. The policy will offer small and medium sized enterprises excess of loss public liability cover up to a maximum of £5m, said HML.(First published on 7 July.)
Peninsula expandsEmployment law and health & safety firm Peninsula is to expand its intermediary support division. The company said it planned to recruit 50 new staff over the next 12 months.(First published on 7 July.)
Litigation culture The growth of litigation culture is a greater threat to British business than the growing powers of the EU, fluctuating interest rates or falling consumer confidence, said AXA's Risk monitor report.The study revealed that 36% of British SMEs believed litigation was a threat, with nearly a quarter (23%) of senior executives having been involved in a litigation case.(First published on 8 July.)
NIG online launchNIG has launched an online quotation system for commercial package policies. NIG said it would allow brokers to gain instant quotations on commercial package policies. The system is available through NIG's broker-only extranet, NIG Network.(First published on 12 July.)
Kwik-Fit shake-upKwik-Fit has announced a range of management changes following the acquisition of the AA by its parent company CVC Capital Partners. See www.insurancetimes.co.uk for more details.(First published on 12 July.)
