Archive | April, 2011

Royal wedding bonanza for business insurance companies

Business insurance companies capitalised big on the marriage of Prince William to Kate Middleton’s wedding by coming up with several innovative products.

Jobs safe, say commercial insurance provider administrators

The joint administrators of one commercial insurance provider in Ireland have recently given assurances that all jobs both north and south of the border will be safe.

New business insurance provider owners gain capital

The new owners of business insurance provider Quinn Insurance have recently been able to secure more finance due the lifting of guarantees to Quinn Group lenders.

ARP closure may cost tens of millions to profession

The Assigned Risks Pool closure may come at a cost of tens of millions of pounds to the legal profession as commercial firms end up having to absorb the price of claims for the smaller end of the solicitor firm profession.

Allianz announces new professional indemnity Insurance product

One provider of general and specialised business liability insurance in the UK has recently announced the launch of a new PI insurance product designed to provide cover for a wide range of occupations.

PM says bin the public liability insurance for Royal Wedding

In an expression of frustration with bureaucratic nonsense, Prime Minister David Cameron has told those seeking to hold street parties in honour of the royal wedding to bin the public liability insurance and simply use some common sense.

Zurich appoints three two commercial insurance broking team

The UK division of one major provider of business insurance has appointed three to senior positions within its commercial insurance broker team.

Commercial insurer launches new professional indemnity insurance

One commercial insurance provider recently announced it will soon be launching its new professional indemnity insurance solution by teaming up between itself and an affiliated subsidiay.

Chaucer Holdings PLC purchased by US insurer

General and commercial insurance provider Chaucer Holdings PLC recently announced it has reached an agreement for its sale to a US based insurer for $510 million (£308 million).

Anglo Irish Bank takes claims of Irish business insurance provider

One defunct business insurance provider in Ireland will be transferring the responsibility for a large majority of its outstanding claims to Anglo Irish Bank.