All Insurance Times articles in Issue 01-11-2007
View all stories from this issue.
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News
Web news
Crawford & Co to moveCrawford & Company UK is to relocate within Cardiff. The loss adjuster said the new, larger office reflected expansion across various business lines. First published, 25 OctoberCatlin’s Burrows to retireCatlin underwriting director Tim Burrows will retire at the end of the year. He will become a ...
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News
Biba launches Islamic committee to aid brokers
First Islamic insurance company set to write business in 2008
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News
R&SA and Munich Re to lead 2012 Olympic cover
Royal & SunAlliance and Munich Re will be the lead insurers for the London 2012 Olympic Games, the Olympic Delivery Authority (ODA) announced this week. The two insurers will provide half of the project-wide construction insurance and just over half the primary third party liability cover.The remaining cover will be ...
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News
VP passes £500m GWP
AXA’s insurance broking arm Venture Preference (VP) surpassed the £500m premium income mark with the acquisition of the Health Insurance Group (THIG).THIG, which was purchased for an undisclosed sum, is an independent UK private medical intermediary generating £45m of gross premium income.The purchase propels Venture Preference into the private medical ...
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News
Indie three consider appeal against jail terms
Serious Fraud Office moves to seek confiscation of assets
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News
Insurers counter lure of authorities’ mutuals
Insurance companies are understood to be offering special deals to public and fire authorities to discourage them from joining recently-launched mutual insurance schemes. A mutual scheme was launched last month for fire and rescue authorities. It is expected to collect £4m in premiums in the first year. A mutual for ...
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News
AXA lobbies MPs over flooding concerns
Minister hints that government could increase flood defence spending
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News
Stakeholder objection blocks JLT’s First City bid
Jardine Lloyd Thompson (JLT) has been unsuccessful in its bid to buy independent Lloyd’s broker First City.The companies have been in talks, but it is understood that a deal could not be struck because a major stakeholder objected to the takeover.Senior sources confirmed that the companies had met, but talks ...
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News
Big consolidators pricing out small brokers seeking to buy
Essex broker RG Ford has hit out at the major consolidators, claiming their spending power is preventing medium-sized brokers from making acquisitions.RG Ford managing director Giles Ford said the big money paid by large groups, such as Towergate and Oval, was pricing them out of the market.He said: “What we ...
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News
News in brief
Capita and QuestGates panel winCapita Insurance Services and Questgates have been appointed to carry out road traffic accident (RTA) investigation work for RBS Insurance, following a review of its motor claims service providers. The review has created a panel of seven providers, covering areas such as surveillance, theft and RTA ...
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NewsWhy would a consolidator want a broker network?
As rumours grow about the possible sale of the Broker Network to a consolidator, Danny Walkinshaw assesses the potential value of such an acquisition
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News
FSA shuts broker for failing to submit returns
The FSA has shut down Sharp Insurance Services for failing to submit its regulatory returns.The regulator said in a final notice that Sharp’s permission to carry on regulated activities had been withdrawn. Newbury-based Sharp had failed to conduct its business in compliance with proper standards. It had also failed to ...
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Comments/Letters
Stop insuring Burma and help democracy
Mark Farmaner, says pulling cover will speed the collapse of the military
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News
UK insurers face exposure over support for Burma
Insurance action group ready to pressure companies over involvement in Burma regime
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News
Munich Re to make second Lloyd’s buy
Munich Re will strengthen its presence in Lloyd’s with the acquisition of Syndicate 318, it announced this week.The German reinsurer expects to complete the acquisition of MSP Underwriting, owner of managing agent Beaufort Underwriting and service company Evergreen Underwriting Services for a price it says is “in the mid double-digit ...
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Backchat
Cowed into a long career
It seems some people are just made for the insurance industry. It emerged last week that a certain public relations executive from Royal & SunAlliance had a road mishap during his youth that found him and his vehicle upside down in the middle of a farmer’s field.The fact that no ...
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News
Reform chief questions electronic mandate threat
Market Reform Group chair Douetil confident the market can reform of its own accord
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News
New Lorega chief to target high net worth
John Sims, the new chief executive of claims advocate Lorega, is targeting the high net worth personal lines market as part of his growth strategy for the company. Personal lines clients currently account for only 5% of Lorega’s business, with the remainder being commercial customers.Sims, who joined Lorega in September ...
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C-ZoneHas the CII scored with its Talent Initiative?
The CII’s Talent Initiative was announced in a blaze of publicity a year ago. Anita Anandarajah reviews its progess
