skip to main |
skip to sidebar
"Pamplona has acquired a 7.4% stake in Chaucer, locking horns with Brit Insurance over its proposed takeover of the struggling Lloyd’s of London insurer.
The London-based private equity group, financed by Russia’s Alfa Bank, said it intends to purchase a third of Chaucer’s outstanding shares.
“We have bought 7.4% of the company today and we are still [...]" (2009-6-23)
Read more...
"An affinity partnership agreement has been signed today by Equity Direct Broking Limited (EDBL) and Santander Insurance Services UK (SISUK), part of Banco Santander.
The new motor insurance policy (Santander Car Insurance) is to be aimed at Abbey customers, and offers free breakdown coverage.
Abbey is one of several British banks the Spanish banking giant has taken [...]" (2009-6-22)
Read more...
"With more than a million people working from home on a regular basis, Aviva has updated its home insurance policy to cover business equipment as standard.
The updated policy covers loss or damage to office furniture and equipment that is used for business purposes, such as computers, printers, filing cabinets, office chairs, photocopiers, and answer machines, [...]" (2009-6-22)
Read more...
"Governments around the world are increasingly becoming involved in developing insurance programs and pools to provide terrorism coverage, though some countries still offer no governmental support at all, according to a new report from Guy Carpenter. The 2009 Global Terror Update summarizes terrorism insurance market developments in 34 countries across six continents. According to the [...]" (2009-6-22)
Read more...
"Insurance broker and risk adviser Marsh has announced the appointment of Wendie Le Vey as leader of its Public Sector business in the Southern region.
She has worked for the firm for the past three years and will retain her present post as client service director for the Southern region.
In addition, Le Vey brings two decades [...]" (2009-6-22)
Read more...
"The Association of British Insurers (ABI) is starting work on a new scheme aimed at providing low-cost contents insurance to low-income Londoners living in social housing.
The Association has teamed up with insurer Aviva and insurance broker Aon to embark on discussions with London local authorities and housing associations, with the idea of developing tenants’ insurance [...]" (2009-6-22)
Read more...
"Brit Insurance has revealed further details of its possible offer for Chaucer Holdings.
The group has confirmed a proposal to the board of Chaucer in the following terms: 0.23 new Brit ordinary shares for every existing Chaucer share; a recommendation from the Board of Chaucer.
The proposed all-share deal would result in Chaucer shareholders owning approximately 29% [...]" (2009-6-22)
Read more...
