DUAL Corporate Risks, the specialist underwriting agency, has announced the establishment of a new Property & Casualty division, with capacity to be initially supplied by Amlin. Steven Price leaves behind Glacier Group to lead the new division as a director. Prior to joining DUAL Corporate Risks he had worked for Glacier Group as managing director [...]
More and more Britons are opting for long-haul travel, with nearly a quarter of policies sold by swiftcover.com being taken out by British travellers heading for far flung lands. Only five years ago the figure was one in five, with the recent rise backed up by research commissioned by swiftcover.com. According to research 23% of [...]
The protection underwriting team of LV= has won the prestigious H J Greening prize for the second consecutive year. The prize is awarded by the Chartered Insurance Institute (CII) to the best life insurance paper submission from an individual in the UK. LV=’s Exeter office is the workplace of 2009 winner, Lisa Byrne, who follows [...]
Guy Carpenter & Company, LLC enjoyed a good night at the annual Reactions magazine’s London Market Awards, held on 30 June in London’s Grange City Hotel. Guy Carpenter had a double success, and scooped the awards for Casualty Reinsurance Broker of the Year and Aviation Reinsurance Broker of the Year. The casualty team was recognised [...]
Ageas has today announced an agreement with private equity firm, PAI Partners, to acquire Kwik-Fit Insurance Services (KFIS), for £215 million. The move forms part of Ageas’ multi-channel, multi-brand distribution strategy and will consolidate the group as the fourth-largest personal lines intermediary in the UK. KFIS owns the Kwik-Fit, Green Insurance Company and Express Insurance [...]
Torus has today completed its acquisition of Glacier Insurance AG from Glacier Group. Glacier Insurance AG, to be renamed Torus Insurance (Europe) AG, is a specialty insurer with headquarters in Liechtenstein and branches in Zurich, Cologne and London. It boasts a well-established specialty portfolio of aviation, space, property, energy, war and terrorism and marine risks, [...]
Niche and faith insurance specialist Ecclesiastical has forecast that 2010 will prove to be the second worst year on record for metal theft. In the first five months of the year the firm received 722 claims for metal theft, worth a total of £1.6m. The worst year on record was 2008, which saw 1,382 claims [...]
Bridle Insurance has announced that its commercial team in Hampshire has been bolstered by the recruitment of Chloe Webster. Following on the heels of Steven Angel and Tim Richardson, hired earlier in the year, Webster’s presence will strengthen the firm’s team near Southampton. She brings a vast amount of experience, having worked in the sector [...]
Canopius Group has completed its acquisition of KGM Underwriting Agencies, which manages one of only two Lloyd’s syndicates dedicated to writing motor business. Syndicate 260 will write approximately £50 million of premiums for the 2010 year of account and the transaction gives Canopius approximately 60% of capacity. The KGM name will remain and the syndicate [...]
