Commercial Lines articles – Page 266
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News
Pensions group accuses Pointon of PYV bail-out
Financial services adviser the Pointon Group has acquired Lloyd’s broker PYV Risk Management, a subsidiary of PYV Group. Pointon Group chairman Geoffrey Pointon said the £3.25m acquisition was an attempt to revive the fortunes of the business. But members of the Pointon Group pensions scheme have declared the move as ...
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News
R&SA seeks alliance for property expansion
US investment giant could provide capacity for insurer’s expansion
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News
Groupama beats broker bidders to buy Lark Group
Groupama has beaten off broker competitors to buy a majority stake in top 50 broker Lark Group for what is believed to be in the region of £47m.The acquisition, which was predicted by Insurance Times in July, follows the purchase of a 60% stake in Bollington Group. Lark, which is ...
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News
AXA ties up two more broker acquisitions
AXA’s broking division, Venture Preference, has made two acquisitions as it closes in on its target of £500m SME commercial premium. The company has acquired two commercial brokers, the Davis Group and Smith Grayburn Young (SGY) Insurance Services. Davis specialises in transport insurance, and controls £37m in premium. The value ...
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News
Price-cutting forces Amlin to rethink commercial focus
Lloyd’s giant Amlin this week said it would continue to reduce its participation in the UK commercial market, owing to intense competition within the sector. The warning came as the insurer reported record profits for the first half of the year, beating analysts’ forecasts. Amlin saw pre-tax profit increase by ...
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NewsHow to co-insure... another waste of EU money
The EU competition directorate's investigation into commercial insurance has begun to scrape the barrel
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Primary General launches online tradesman policy
One-stop-shop for placing smaller risks
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Online onlyMoody's upbeat despite catastrophes
Ratings agency says that European insurers are still enjoying ratings stability and good results in the face of pressures
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Proctectagroup acquires Hodge Insurance Brokers
General insurance subsidiary of Julian Hodge Bank adds £9m premium
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Lloyds TSB appoints insurance development chief
Former R&SA broker head to lead commercial growth across retail bank customers
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News Analysis
M&A on the brink
With industry experts predicting that the mergers and acquisitions frenzy is nearing an end, Sarah Kennedy says the remaining independent brokers are being hunted down
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News
Allianz property product on Imarket
Allianz Commercial and Acturis have expanded their existing trading relationship to provide Acturis users with access to Allianz’s Complete Property Owners product via Imarket.The product provides cover for both residential and commercial property owners utilising the auto-rated ‘quote and buy’ capability available to brokers using the Acturis platform. The Allianz ...
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News
Arag and ATE team up
Legal expense providers Arag and ATE have teamed up in an attempt to take on the contract dispute after-the-event market. The tie-up paves the way for Arag to lead the market in offering unique legal expenses cover, said underwriting manager David Haynes.ATE came on board with a panel ...
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News
Localised terror cover promoted
Insurance buyers should consider buying terrorism cover with a lower deductible to reflect the threat posed by smaller scale attack styles, warned Simon Sole, chief executive of Exclusive Analysis (EA).With the dismantling of international terror networks in the wake of September 11, EA analysts have predicted that the biggest threat ...
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News
Hiscox scales back solicitors' PI
?Hiscox is prepared to see its solicitors’ professional indemnity (PI) book shrink further this year, claiming it will no longer accept new clients and would let existing firms walk in a bid to maintain premium rates.With the renewal season approaching on 1 October, Hiscox said it had considered exiting the ...
