Howden PI division
Lloyd's broker Howden has launched a specialist D&O and PI division for UK brokers. The division, called Howden UK, has a target of £75m in premium by 2007, said the...
Howden PI divisionLloyd's broker Howden has launched a specialist D&O and PI division for UK brokers. The division, called Howden UK, has a target of £75m in premium by 2007, said the company. Former Heath Lambert Professional Risks managing director Kevin Culliney is to run the new business.
Primary US officeBermuda-based Primary Group has formed a US subsidiary to aid its US expansion plans. Primary said it was anticipating future acquisitions with the formation of the new subsidiary, called Primary Group Incorporated. Based in Annapolis, Maryland, the business will operate solely in the US.
P&I Club surplusThe UK P&I Club reported a surplus of $40m for the year ending 20 February 2004, up from a loss of $31m in the previous year. It said free reserves increased 22%, from $179m to $219m.
Catastrophe strongCompanies writing property catastrophe reinsurance saw strong operating performances in 2003, despite higher insured catastrophe losses in the US, said Standard & Poor's.
Poultry productCrowe Livestock Under-writing has teamed up with Powell Insurance Brokers to launch a mortality, property, liability and business interruption policy for the UK poultry farm sector. Catlin Underwriting at Lloyd's will underwrite the policy, called Poultry Elite.
New Acturis usersTwo more brokers have gone live with the Acturis Broker Platform. The two are Manchester-based Caunce O'Hara and Nottingham-based Russell Scanlan. The addition of the two firms to the platform brings in 50 new users for the system.
Ri3k signs Verio Global reinsurance infrastructure ri3k has signed a deal with web hosting specialist Verio to supply services across Europe.The new deal creates a dual continent secure hosted service for ri3k customers with data replication and disaster recovery on separate sites, said the company.
RAC Warranty dealsRAC Warranty said it has won contracts worth £18m in premium income since the beginning of April 2004 with a selection of leading car industry specialists.