Amlin buys rights
Amlin's Syndicate 2001 bought the renewal rights to about £5m of trade credit business written by Royal & SunAlliance.
Amlin buys rightsAmlin's Syndicate 2001 bought the renewal rights to about £5m of trade credit business written by Royal & SunAlliance.
Monument riseMonument Insurance Brokers reported turnover of £15.1m for the year ended 31 December 2002, up 2.7% from £14.7m the year before. Pre-tax profit was £4.2m, down 25% from £5.6m the year before.
Licence pilotA new software product designed to control the number of licensed applications across a company workforce is being piloted in Europe by St Paul International Insurance.The IBM software, Tivoli Licence Manager, monitors the number of applications of any software product against the number of licences held by the company.
Bluesure relaunchBluesure is relaunching its 'umbrella' policy next month with backing from HSBC and South African insurance giant Santam.The multi-product personal lines policy will be made available to a limited number of brokers.
Major guiltyCharles Ingram, the former Army major convicted of cheating on quiz show Who Wants To Be A Millionaire, has been found guilty of insurance fraud. Ingram was found guilty of two charges of deception relating to two house contents insurance policies placed with Zurich Municipal and Direct Line.
Online promotionThe promotion cost of selling motor insurance over the internet has fallen below that of some offline methods, according to a survey by eBenchmarkers. The survey found that the average advertising cost for motor insurance sold via the internet was £26. For telesales it averaged £28.
Rattner slumpRattner Mackenzie reported a 47% slump in profits and a 27% fall in turnover in its first year of accounts prepared in US dollars.