Commercial Lines – Page 274
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News
New push by insurers to use recycled parts
Persuading insurers to use car repair scheme an 'uphill battle'
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Fine Art specialist joins URSL
Underwriting Risk Services (URSL) is set to expand its footprint in the UK fine art market after capturing a specialist team from Art Inc.Simon Wilmott-Smith and David Thompson, founding directors of Art Inc, have joined the specialist Lloyd's underwriting agency to develop their existing portfolio, which includes a UK art ...
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Towergate buys JW Group to boost Scottish portfolio
Towergate has acquired Scottish broker, JW Group Insurance & Risk Manage-ment, in an effort to kick start an acquisition programme north of the border.This deal will add a further seven offices to Towergate's Scottish portfolio, which currently only boasts two hubs in Paisley and East Kilbride.JW Groups controls premiums ...
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Demand for stand-alone terrorism insurance continues to grow
A combination of increased capacity, more predictable premium rates and innovative programme design is creating steady growth in the take up of stand-alone terrorism insurance...
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Lloyd's calls for further tax breaks
Despite Gordon Brown's announcement of a basic UK corporation tax cut of 2% last month, Lloyd's chairman Lord Levene said that he will argue for further reductions...
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Towergate buys Scottish broker
Towergate Partnership acquires Scottish insurance broking firm, J W Group Insurance & Risk Management...
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Private motor market 'softening'
The private motor market's efforts to return to profit-ability suffered a blow this week with figures showing rates had begun to soften in the first quarter of 2007. According to the AA British Insurance Premium Index, the average quoted premium for an annual comprehensive policy fell marginally to £802. This ...
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Europ Assistance launches CPA
Europ Assistance has launched a new commercial property assistance product available to commercial property insurers, intermediaries and lenders...
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AXA buys Smart & Cook
AXA is understood to have bought Smart & Cook in a deal thought to be worth £170m. Although neither company would comment, market sources said senior staff at the Harrogate-based broker had been told of the sale. Other senior insurance executives also said that the deal had been agreed.The purchase, ...
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NU vows strict control of Primary binder deal
Norwich Union (NU) has declared it will maintain strict control over a £500m binding authority deal with Primary Group, after Royal & SunAlliance's (R&SA) capacity deal with Primary was terminated …
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New appointments to Beazley's UK specialty PI team
Recruits two professionals and re-establishes PI box at Lloyd's...
