Insurer News – Page 363
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News
Touchstone snaps up Shield Underwriting
Seventeen Group back on the acquisition trail with MGA purchase
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News
New York firm joins Co-op race
Fortress Investment Group joins L&G and LV= as potential bidders
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Hampden Underwriting buys two more Lloyd's members
Acquisitions swell 2014 underwriting capacity to £20.2m
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Managing director Paul Watson leaves KLUA
Kerry London managing director Nick Pay overseeing underwriting temporarily
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Hiscox gets the go-ahead for £19m York build
Building will house 500 staff when completed in 2015
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AXA grows commercial premiums 11% in 2013
Amanda Blanc: ‘At the halfway stage, we’ve done what we said we were going to do’
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NewsAmanda Blanc to lead AXA-wide SME project
UK commercial lines and personal intermediary chief executive to spearhead global growth
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Brokerbility announces £65m growth and new members
Network plans to expand further into Scottish region
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117 law firms have 11 days to find insurance or shut down
Firms that continue to practise after 29 December will be subject to ‘swift’ regulatory action
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News
Canopius acquired for £594m by Japanese insurer Sompo
Subject to regulatory approval the transaction is expected to be completed in the second quarter of 2014
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News
Hiscox merges UK and Europe businesses
Move sees a raft of internal promotions including Steve Langan who will head up Hiscox UK and Europe
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London Market consolidation to increase next year - Deloitte
Increasing regulatory burden is making it challenging for smaller brokers to operate
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News
Underinsured commercial properties leave companies open to huge repair costs
A survey by chartered surveyor Jones Melling found that 90% of commercial properties were underinsured
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News
RSA risks BBB rating unless it raises equity - analyst
S&P rating could drop two notches within 90 days
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Lark acquires East Sussex broker's book of business
C R Goddard Insurance was a sub broker for Lark
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News
Mobile phone insurance complaints drop 20% - FOS
But insurers still rejecting initial claims too hastily
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Online only
Senior Wright Indemnity changes name to MGB Insurance Brokers
Name change follows the Lloyd’s broker being acquired by Manchester Underwriting Management last month
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News
S&P downgrades RSA credit rating
Fitch also puts the insurer’s financial strength rating on negative watch
