Latest News – Page 904
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SRA reduces minimum PI insurance levels
Law firms will now have to hold a minimum of £500,000 professional indemnity cover
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News
More than two-thirds of public back young driver restrictions
Forty-one per cent of young drivers also gave their backing
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News
Welsh farmers union broking division runs first TV advert campaign to win business from NFU
FUW Insurance Services wants to become known for more than farm insurance
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Clear Insurance to close Wimbledon branch
Forty staff to move to new City of London office and Cranleigh branch
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Sun Life to offer general insurance after rebrand
AXA-owned firm to make non-life debut with white-labelled home and pet cover
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News Analysis
Up to 19 more roles could go at Towergate Underwriting
Document sent to staff says 69 jobs could be lost
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News
Broker County Group acquires £1.5m GWP broker Safe and Sound
Safe and Sound boss Ian Day will remain with County Insurance for 12 months during integration period
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AXA UK boss Paul Evans named as next ABI chairman
Evans’s “deep understanding” of industry will be asset in driving ABI’s challenging agenda in run-up to election – Otto Thoresen
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UK motor reinsurance rates defying global softening trend
Bodily injury fears pushing prices up by as much as 10%, says Willis Re renewals report
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Sirius launches own Lloyd’s managing agency for Syndicate 1945
Syndicate previously run by third-party manager Asta
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XL provides sharia-compliant financial lines capacity to Cobalt MGA
Deal includes financial institutions, professional indemnity and management liability cover
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News
Arista revamps contractors combined product
Revised product adds new covers and expands existing ones
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News
Cunningham Lindsey UK sells workplace risk unit
The Treatment Network buys offloaded division Corpore for undisclosed sum
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Fidelity boosts stake in Quindell to 10%
Fund manager now second-biggest shareholder in insurance outsourcer after founder Rob Terry
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Towergate promises better product range and faster access from Fusion restructure
Towergate Underwriting plans to cut 50 jobs as Fusion grows
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Southern Rock joins Insurance Fraud Bureau
Gibraltar-based insurer was the largest personal motor insurer not already working with fraud-busting initiative
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News
Towergate in talks to cut 50 underwriting jobs
Broker is rebranding bespoke underwriting arm as Fusion
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New Hastings Direct home product to be underwritten by AXA, Towergate and Sterling
AXA has secured the lead position on Hastings’ panel for the new household offering
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Moody's downgrades Cunningham Lindsey credit rating
Reduction in global claims volumes has raised debt leverage