Latest News – Page 1969
-
News
Atrium brushes off downgrade threat
Atrium has shrugged off the potential threat of being downgraded by ratings agency Moody’s Investor Service.Moody’s has placed Atrium’s Syndicate 609 under review in light of the company’s proposed merger with Bermuda reinsurer Ariel, and the news that its lead underwriter, Christine Dandridge, will be retiring.The ratings agency said although ...
-
News
Cobra float fails to hit £10m funds target
Network’s AIM listing raises only £1m, but acquisitions continue with £7m partner loan
-
News
Web news…
UK Facilities launchNational wholesale insurance broker, UK Facilities, widened its offering with the introduction of UKFOnline, a commercial comparative online website. First published on 27 JulyOval non-execOval appointed Andrew Brown as a non-executive director. Brown, who was formerly joint chief executive of Gartmore Investment Man-agement, has been appointed to chair ...
-
News
Fortis targets Scotland with broker team expansion
Fortis is set to increase the size of its broker support team by 50% over the coming months in a bid to expand its agency base and grow its business in Scotland. In a reorganisation of its sales force, Fortis has created 12 districts throughout the UK, each with a ...
-
News
Insurance women seek industry support
The Women’s Insurance Net-work (Twin) has called on the insurance industry to support the first organisation designed to support and encourage women in the sector.Twin, established by executive search firm, ejsSearch, is looking to insurers, brokers, trade associations and Lloyd’s to help tackle the issue of professional development of women ...
-
News
Web news…
Moorhouse praises portalWelsh broker Moorhouse claimed its Xbroker is now the most widely used portal among UK brokers. Moorhouse boss Lyndon Wood said Xbroker had 3,800 brokers signed up and that it would attract 30,000 new policy-holders in the next year. He said the portal was getting 6,500 commercial quotations ...
-
News
Brownsword ‘spy’ move
David Brownsword, whose company pioneered the use of lie detector technology in the insurance sector, is believed to be joining insurance surveillance company Mike India 5. Brownsword is thought to be spearheading Mike India Five’s move into fraud detection services. He is believed to be joining the company in January ...
-
Backchat
Top down, pants off
What we wear says a lot about our personality and our mood, according to a leading UK psychologist, and likewise what we drive expresses how we want to be seen by others.It shouldn’t come as any surprise to Backchat readers to learn then that what we drive also reveals a ...
-
Backchat
Is Tiner a Facebook friend?
Ever keen to win influential friends, Backchat was keen to make contact with former FSA boss John Tiner through his Facebook entry. Tiner, who has only one friend on the web-based community site, FSA chairman Callum McCarthy, was not keen to respond to Backchat’s advances. Given the typical Facebook user ...
-
Backchat
HSBC rapped for fox hunt cover
An animal rights group has criticised Britain’s biggest bank HSBC for insuring people prosecuted for illegally hunting foxes.Under the arrangement HSBC will pay, perfectly legally, the legal fees for hunters taken to court for breaking the 2005 hunting ban.The chairman of the League Against Cruel Sports asked: “What next – ...
-
Backchat
NIG saves the bait
In catastrophic times, there are always heroic tales of survival against the odds. The Yorkshire floods are no exception. Having come to the financial rescue of fishing supplies business, Bennetts of Sheffield, NIG proudly proclaimed last week that it had played its part in saving hundreds of thousands of lives. ...
-
News
Acturis seeks acquisitions
Software house Acturis is to begin making acquisitions and is looking to grow internationally. The company, which is currently focused on the UK insurance sector, is also looking to widen its target industries. Chief executive Theo Duchen told Insurance Times: “We are looking at acquisitions at the moment. We are ...
-
News
Allianz wins City landmark deal
Allianz Engineering has been selected to provide insurance and inspection services to the City of London, covering landmarks such as the Tower of London, the Barbican and Mansion House.The company said that following a successful tender process, the company will now insure and inspect plant and equipment at Tower Bridge, ...
-
News
IGI shelves London property business
Jobs lost and London office closed as insurer withdraws from commercial let property
-
Online onlyCampaigners take crack at insurers
It’s not been a good week for insurers in the eyes of animal lovers
-
Online only
Highway completes exit from Lloyd’s
Court approves transfer of syndicates out of Lloyd's
-
Online only
Halifax hires GAB for subsidence work
GAB Robins will handle and coordinate subsidence overflow work for Halifax
-
Online only
HBOS GI profits fall by 34%
January storms and June flooding account for estimated £80m in claims
