Fitch Ratings has simultaneously downgraded and withdrawn the insurer financial strength ratings for The Underwriter Insurance Company.
Underwriter ratingFitch Ratings has simultaneously downgraded and withdrawn the insurer financial strength ratings for The Underwriter Insurance Company.The Underwriter was downgraded from BB+ to B-, but Fitch added that it would no longer provide ratings or analytical coverage for the company.
Wolverhampton dealNewport-based David Moore & Co Insurance Brokers, a Willis Commercial Network member, has acquired two Wolverhampton-based firms, Howard Wright & Co and David S Francis Insurance Brokers.
Aon sells health firmInternational claims firm Van Ameyde & Wallis has acquired medical assistance specialist International Medical Rescue (IMR) from Aon Travel Solutions.
BMW protectionHBOS insurance subsidiary St Andrew's has formed a partnership with BMW Group Financial Services, Great Britain to provide creditor payment protection and return-to-invoice price GAP policies. The deal covers the full BMW range, BMW Mini cars and BMW motorcycles.
Capita on ActurisCapita Insurance Services has signed a three-year deal to offer Commercial Legal Expenses as the preferred commercial legal expenses product on the Acturis Broker platform. The deal will come into effect from 26 April.
FSA returns at 17%Fewer than 1,260 applications for authorisation have been received from general insurance intermediaries by the FSA. This represents less than 17% of the number of who have registered for application packs. Speaking at a conference last week FSA director of high street firms Sarah Wilson said that 13,210 registrations had been received, of which 7,265 registrations were from general insurance firms.