Citigroup to cover HNW
Citigroup to cover HNW
Global financial services company Citigroup has formed a single wealth management division in Europe, the Middle East and Africa, and will offer high net worth insurance.
A spokesman said: “With its brand, its products and diversified global capabilities, Citigroup is well positioned to establish a strong presence in the European wealth management business.”
Fleet safety solution
A new risk management solution to enable small fleet operators to comply with statutory obligations to their drivers has been produced by leading fleet risk management firm Drive & Survive.
Drive & Survive sales and marketing director Stewart Scobie said: “In developing total risk management solutions for leading brokers and insurers, we are now dealing with more and more medium-sized fleets.”
The product comprises either a half-day or full-day consultancy from one of Drive & Survive's risk managers, which will help companies towards complying with health and safety regulations.
Instant cover for travellers is now available online from BAA Worldsure, as well as through its shopping information line, underwritten by Norwich Union.
Short-break single trip cover starts at £15, with children covered free on all single trip policies. Worldwide annual multi-trip cover is £75 for an individual and £99 for a family.
The cover includes delayed and missed departure, plus cover for home and pets while the policyholder is away. It can be found at baa.com.
Willis deputy retires
Willis' deputy chairman Alan Gavaghan has retired after almost 40 years' service with the group.
Outside Willis, he held a number of roles, including regional chairman of the British Insurance Brokers' Association (Biba) in Manchester and Birmingham. He was national chairman of Biba for two years.
He was also a director of Polaris and the last chairman of the Insurance Brokers' Registration Council.
New branches for Coversure
Coversure Insurance Services has opened two new branches at Bexleyheath, Kent, and Dudley in the West Midlands.
The Kent office is owned and run by Ramesh Kanbi, who previously owned Swinton franchise offices in Lewisham and Catford.
Another former Swinton manager, Steven Fletcher, owns the Dudley branch.
Tony Levitt, senior partner with forensic accountant RGL Internat-ional, has qualified as a chartered arbitrator.
He is one of only six accountants in the UK to gain this qualification.
24-7 launch on track
Rarrigini & Rosso (R&R) claims its 24-7 broking system will be ready for launch in September.
In a meeting with brokers who are involved in pilot studies, R&R said: “24-7 Broking is on schedule to go live in September, according to plan.
“Nothing has occurred that will alter its timetable.” Brokers were concerned that the pilot scheme was lagging behind schedule.
IT in Monte Carlo
YVETTE Essen, our London Market reporter, will be attending the Monte Carlo Rendezvous from September 9 to 12.
If you would like to arrange a meeting, please call 020 7618 3498 or email