TAG owes £11m
The Accident Group (TAG) owes more than £11m in unpaid tax and National Insurance (NI) contributions, according to reports.
Private Hire specialist, Taxi Fleet Plus has launched a policy for businesses operating transport for special occasions. The product, underwritten by Norwich Union, is called TFP Executive, and caters for operations of any size.
Norwich Union and BT are to offer brokers free technology consultations in a bid to help them embrace the benefits of IT.
Commercial insurer Fusion Insurance is set to open its sixth regional office in St Albans.
Rating agency AM Best has downgraded the financial strength ratings of Employers Reinsurance Corporation (ERC) to A (excellent) from A+ (superior).
Lancashire broker, Catterall Insurance Services, has undergone a management-buy-out (MBO). The multi-million pound deal, which was funded by Bank of Scotland, will see Craig Fisher become managing director.
Capita for Beazley
Capita Insurance Services' London Market operation has been appointed by Lloyd's managing agency, Beazley Furlonge, to run its reinsurance programme.
Biba 48-hour fear
Biba has voiced concerns over the prospect of brokers being forced to work a maximum 48-hour week. Biba head of technical services, Peter Staddon said he was concerned that the European Working Time Directive - which would impose a 48-hour working week on employees - would erode broker productivity.
French reinsurer Scor announced deputy chief operating officer Pierre-Denis Champvillard is stepping down to take early retirement.