TAG settlement reached
The long-running litigation surrounding the collapse of The Accident Group (TAG) has been settled. Manchester-based solicitors Rowe Cohen and hundreds of other personal injury firms reached a settlement with insurers Winterthur and NIG in the £70m legal battle. Winterthur launched the legal action against over 500 personal injury law firms after TAG collapsed in 2003. It alleged that the law firms referred claims they knew would fail. The insurers had been seeking to recover the £70m lost through underwriting TAG cases.
Scottish office for S&C
AXA-owned broker Smart & Cook has opened its third Scottish office. The new branch, in Dundee, is the 31st for Smart & Cook and will offer a broad spectrum of insurance products, from commercial to personal lines. Branch director Tony Martin joins Smart & Cook from Marsh, where he was a senior vice president of its commercial client practice responsible for regional operations in Scotland and the North of England.