Thursday, 19 July 2012

Insurance News 19th July




1) M6A bosses get sentenced for three years. Jayson Hollier and Andrew Booth were sent to prison for trading fraudulently + perjury at Warwick crown court. The underwriter agency 'Shakespeare" went Bankrupt owing insurers £2million

2) Carroll London Markets has sold out a large share holding to PSC who will now own the controlling interest

3) IF deal to buy direct lines foes through, NIG may be sold off as a separate commercial proposition

4) Business Insurance 24/7 to speak with equity houses and private investors to expand its European and worldwide online multi quote software via brokers networks specialising in Professional Indemnity and Commercial Insurance

5) RSA states that recent floods in the UK could cost them £50million

6) Barbon will change its procedures after problems with its "Homelet" Insurance products

7) Professional Insurance Agents Ltd launch 3 new schemes with leading insurers a LLP insurance for partners, a personal accident policy and a excess buy back and that can be purchased via network of its 200 brokers and from its Directors and Officers insurance and Professional Indemnity Insurance websites.

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