Bishopscourt war cover
Travel insurance provider, Bishopscourt Affinity Solutions, has extended its travel policies to include protection against war and terrorism risks.
Project goes live
Lloyd's-backed insurance platform Project Blue Mountain is due to go live with a planned launch in early 2003. Project chief Ashok Gupta revealed last weeek that it has a core group of customers ready for the implementation of the system. Gupta outlined the project's preparation, saying that 40 companies had been validated to date. The project is an electronic hub, which Gupta claimed, would cut out inefficient "paper shuffling" in the Lloyd's market.
MCS changes name
Marlow-based broker system provider MCS is changing its name to Sectornet. Business development director James Sharp said by autumn next year, Sector Level 8.0 would be out on pilot. He said version 7.3 would go live in January.
Livestock underwriter Crowe Livestock Underwriting is to move its Livestock portfolio to Catlin Underwriting from 2003.
Syndicate 587 re-rating
Moody's has changed the outlook on the B-average performance rating of Lloyd's syndicate 587 to stable. The review focused on the outlook for its business book, management controls and the agency's plans to support the business. The ratings agency said the negative outlook was due to the downturn suffered by Chaucer in the late 1990s.
Confused car cover
Confused.com is set to go live in the next two weeks. It aims to provide cheap car insurance. The site's founders have recruited several leading UK car insurers including Norwich Union Direct, Zurich, Admiral, and Churchill. Confused.com is currently looking to sign more insurers in the new year.
CCC in Fast Track list
Walsall-based restoration company Claim Control Consultants (CCC), has made it into the Sunday Times Fast Track 100, a league table of the UK's fastest growing unquoted companies. CCC replaces damaged computers for insurance companies. It achieved turnover in 2001 of £16m.
Misys compliance boost
Misys has revealed over 200 brokers are signed up to its
regulatory support package Equip. Misys claims the software, which is helping 1,500 users to prepare for statutory regulation, reflects on-going FSA regulatory requirements.