Car Insurance UK: Latest Events: Automotive and Beazley expands marine underwriting business | |
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Assurance news and latest UK car insurance events in United Kingdom. What is happening in British car insurance business? UK automotive companies, commercial auto ins quotes and premiums in UK. Beazley expands marine underwriting business and car insurance uk: latest events for automobilists in US. |
| Automotive and Car Insurance UK: Latest Events -> Beazley expands marine underwriting business | |
Online Insurance: Car Insurance UK: Latest EventsDo you need an advise how to insure your auto car for budget value and receive the inexpensive insurance quote from insurer broker? Get the small auto car insurance articles about beazley expands marine underwriting business listed on-line in «CAR INSURANCE UK: LATEST EVENTS» paragraph of our news line for not insured site guests. Beazley expands marine underwriting business. Beazley has announced a major expansion of its marine underwriting business which should benefit freight forwarders, port operators, ship managers, naval architects and marine surveyors, among others. The Lloyd’s insurer is enhancing its professional liability and logistics coverage and has formed a new team, headed by Zareena Hussain, to lead its drive into this section of [...] Beazley expands marine underwriting business. Published at 22:11, 11.11.2009 Roland Smith opts for Open GI’s eBroker. Roland Smith Insurance has expanded its web-based home and motor business using Open GI technology. The broker, which specialises in arranging insurance for police officers and fire fighters, can now provide instant online home and motor quotes via Open GI’s eBroker quote and buy solution. The Liverpool firm says it has seen sales of both types of [...] Roland Smith opts for Open GI's eBroker. Submitted at 21:11, 11.11.2009 Paymentshield cuts over 60 jobs. Paymentshield has made more than 60 members of staff redundant, or around 20% of its workforce. According to reports, the job losses are centred on the firm’s Southport office. The mortgage payment protection insurer, which is part of the Towergate group, says some of its processes were being duplicated. Since the UK entered recession, mortgage payment protection insurance [...] Paymentshield cuts over 60 jobs. Compiled at 20:11, 11.11.2009 Allianz sees profits rising. Allianz Insurance has released its financial results for the last quarter. The firm saw its operating profit increase markedly despite the continuing recession, recording a rise of 23.1% on the third quarter in 2008, and profits stood at Ј173.3m (pre-tax) for the first nine months of the year. Previously Allianz had made profits of Ј88.3m for the [...] Allianz sees profits rising. Submitted at 19:11, 11.11.2009 Heath Lambert strike Diamond home insurance deal. Heath Lambert has announced that it is to be the sole provider of cover for Admiral’s Diamond home insurance brand, which is aimed at female customers. The new assignment comes alongside Heath Lambert’s existing involvement with Admiral’s elephant.co.uk brand. According to the broker, the revamped Diamond product will be unique to the market, providing a tailored solution [...] Heath Lambert strikes Diamond home insurance deal. Issued at 21:11, 10.11.2009 AA partners Moorhouse in commercial lines offer. AA Insurance has launched a range of own-brand products aimed at small to medium-sized enterprises (SMEs). The group has joined forces with Moorhouse Brands, a subsidiary of Welsh broker Moorhouse, to develop an offering that contains a range of policies tailored for SMEs, trades people and the construction industry. The selection includes liability insurance, professional indemnity; fleet [...] AA partners Moorhouse in commercial lines offering. Compiled at 20:11, 10.11.2009 AXA prepares €2 billion rights issue. AXA is reported to be preparing a €2 billion rights issue that will allow the insurer to expand through acquisitions. However, the group’s Australian subsidiary, AXA Asia Pacific, has just rejected a $10 billion bid from its French parent company and Sydney-based competitor, AMP. AXA Asia Pacific has independent board directors and the joint offer, which would [...] AXA prepares €2 billion rights issue. Issued at 23:11, 09.11.2009 Aviva enhances motor trader’s offering. Aviva has enhanced its offering to small motor traders. Firm’s can now purchase either a Combined or a Road Risks only contract, enabling a business to extend its insurance protection in line with growth. Small motor traders will still be able to select “open” driving Road Risks cover as part of the Combined contract and part-time businesses, [...] Aviva enhances motor trader's offering. Issued at 22:11, 09.11.2009 AIG Q3 results show “signs of stabilisation”. American International Group (AIG) reported a net profit of $455 million for the third quarter of 2009, compared to a loss of $24.4 billion in the same period of 2008. The insurance giant needed a massive $85 billion bail out in the days that followed the collapse of Lehman Brothers last September, with the scale of [...] AIG Q3 results show “signs of stabilisation”. Issued at 21:11, 09.11.2009 Beazley reports 45% rise in GWP. Beazley has described its trading performance in the first nine months of 2009 as “good”. The Lloyds insurer says underwriting conditions have been favourable with rate increases averaging 4% across its portfolio. Written premiums grew by 45% over the equivalent period in 2008, to Ј861.9 million, the rise driven by acquisitions, organic growth and the devaluation of [...] Beazley reports 45% rise in GWP. Posted at 20:11, 09.11.2009 Golfplan secures PGA agreement extension. Golfplan Insurance, which claims to be Europe’s largest specialist golf insurance provider, has signed a five-year extension to its agreement with The Professional Golfers’ Association’s (PGA) Official Supplier programme. Launched in 1984, Golfplan provided the UK’s first specialist golf insurance policy and the firm now protects over Ј50 million worth of golf equipment. Cover includes 24-hour theft [...] Golfplan secures PGA agreement extension. Approved at 20:11, 09.11.2009 JML Property enhances rent guarantee offering. jml Property Insurance has added Simple Rent Guarantee Insurance to its offering. The online intermediary has recently launched a specialist “Rent Guarantee” section on its website, in response to landlords’ growing concerns over arrears. HomeLet, Letsure, Endsleigh and Rentguard already appeared on the site which now also contains Simple Insurance’s offering. The new policy covers up to Ј15,000 [...] jml Property enhances rent guarantee offering. Compiled at 19:11, 09.11.2009 Thornside secures Aviva pet insurance deal. Thornside has been appointed by Aviva to provide and administer its new pet insurance product. The firm, which is the pet insurance division of Capita Insurance Distribution, will be providing the service for the next three year. Aviva says it has been working closely with Thornside to refine the new policy, which was launched on 5th November. The [...] Thornside secures Aviva pet insurance deal. Approved at 21:11, 08.11.2009 Aviva sales profitability remains on track. In a trading update covering the first nine months of the year, Aviva has reported an 11% drop in total worldwide sales (and life and pension sales) to Ј27 billion. Total life and pension sales slipped to Ј24.06 billion, from Ј27.01 a year earlier and investment sales were down to Ј3.04 billion (Ј3.37 billion). The insurer attributes [...] Aviva sales slip but profitability remains on track. Printed at 21:11, 06.11.2009 DUAL strengthens PI underwriting team. Professional indemnity firm, DUAL Corporate Risks, has appointed Liz Hanlon to its DUAL Focus team. The firm specialises in directors & officers and professional indemnity underwriting for mid-market companies, and its Focus unit provides insurance solutions for more complex financial-institution based risks. Ms Hanlon has 20 years’ industry experience and will be responsible for launching a new [...] DUAL strengthens PI underwriting team. Written at 20:11, 06.11.2009 Aviva lifts restrictions on property fund. Aviva has lifted restrictions on withdrawals from its Unit-Linked Property Fund (Life and Pensions). The group introduced restrictions on surrenders, switches and transfers from the fund in January, following what was described as “a difficult period in the UK commercial property market”. At the time, Standard Life, Scottish Widows and AXA made similar arrangements. The move meant that [...] Aviva lifts restrictions on property fund withdrawals. Issued at 22:11, 05.11.2009 Octagon Insurance chooses Open GI. Recently formed Octagon Insurance Company Limited has chosen Open GI to power its underwriting operation (which began work this month). The firm is a specialist in private car insurance sourced through Go Compare, and intends to expand into commercial vehicle and household insurance during 2010. Open GI has been selected by Octagon after an extensive review of [...] Octagon Insurance chooses Open GI. Issued at 20:11, 05.11.2009 Towergate acquires Money Wise (Scotland). Towergate Partnership has expanded its presence in Scotland with the acquisition of Money Wise (Scotland) Limited, which has offices in Banff and Buckie. The firm’s 15 staff and directors have transferred to Towergate and the team will continue to be led by managing director, Bruce Law. Money Wise controls premiums of over Ј3.5 million and has a [...] Towergate acquires Money Wise (Scotland). Published at 22:11, 04.11.2009 MMC announces Q3 results. Marsh & McLennan Companies, Inc. (MMC) has reported its financial results for Q3. President and CEO Brian Duperreault has said that the firm enjoyed strong earnings in the quarter, particularly in the Risk and Insurance Services segment, with both Marsh and Guy carpenter performing well. Consolidated revenue was down 11% from Q3 2008, to $2.5bn, however the [...] MMC announces Q3 results. Published at 22:11, 04.11.2009 Insurers show interest in RBS and Lloyds asset. According to a BBC report, insurers Allianz, Generali and Zurich could show an interest in branch networks to be sold by Royal Bank of Scotland (RBS) and Lloyds Banking Group. Both banks are to receive further huge bailouts from the Government: Ј33.5 billion for RBS and Ј5.7 billion for Lloyds, the latter taking the form of [...] Insurers show interest in RBS and Lloyds asset sale. Published at 21:11, 04.11.2009
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 Beazley expands marine underwriting business
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